Vegetable capsules market to grow by USD 274.25 million from 2023 to 2028; North America to account for 39% of market growth- Technavio

NEW YORK, Nov. 17, 2023 /PRNewswire/ — The vegetable capsules market size is expected to grow by USD 274.25 million from 2023 to 2028. In addition momentum of the market will be progressing at a CAGR of 8.68% during the forecast period, according to Technavio Research. The market is segmented by application (health supplements, pharmaceuticals, and others), material (cellulose, starch, and pullulan), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America is estimated to contribute 39% to the growth of the global market during the forecast period. The growing adoption of vegetarian and vegan lifestyles among consumers in North America is the key factor driving market growth. Furthermore, the demand for nutraceuticals and supplements is growing steadily in North America as more people are looking for natural ways to improve their health and well-being.

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Company Profile:

ACG, Ajix Inc., BioCaps Enterprise, Dah Feng Capsule Industry Co. Ltd., Erawat Pharma Ltd., Evonik Industries AG, Farmacapsulas S.A., Fortcaps Healthcare Ltd., J RETTENMAIER and SOHNE GmbH and Co KG, JC Biotech Pvt. Ltd., Lefancaps LTD., Lonza Group Ltd., Mitsubishi Chemical Group Corp., Natural Capsules Ltd., Qingdao Yiqing Biotechnology Co. Ltd., Shaanxi Genex Bio-Tech Co. Ltd., Shaoxing Zhongya Capsule Co. Ltd., Silvaco AS, Suheung Co. Ltd., and Sunil Healthcare Ltd.

ACG – The company offers vegetable capsules such as ACGcaps HR capsules, ACGcaps H plus capsules, and ACGcaps HL capsules.

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Vegetable Capsules Market: Segmentation Analysis

The market share growth by the health supplements segment will be significant during the forecast period. Nutraceuticals and dietary supplements are part of the health supplement. In the preparation of a wide range of health supplements, including vitamins, minerals, herbal extracts, bacteria, and other nutritional ingredients, vegetable capsules are extensively used.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio

Vegetable Capsules Market: Driver & Trend:

Key Driver

Increasing applications in pharmaceutical industry
Growing consumer preference for natural and plant-based products
Regulatory restrictions on animal-derived products

Increasing applications in the pharmaceutical industry is the key factor driving market growth. A wide range of pharmaceutical formulations has shown that vegetable capsules have a very good compatibility with them. In addition, the growth in this market is being driven by a growing demand from the pharmaceutical industry for plant-derived and herbal ingredients.

Increasing focus on sustainable packaging is an emerging trend shaping the market growth. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.

Related Reports:

The empty capsules market is estimated to increase by USD 1.10 billion from 2021 to 2026, increasing at an accelerating CAGR of 7.3%.

The proton pump inhibitors (PPIs) market is estimated to grow by USD 807.89 million at a CAGR of 4.86% between 2023 and 2028.

What are the key data covered in this vegetable capsules market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the vegetable capsules market between 2023 and 2028.
Precise estimation of the vegetable capsules market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the vegetable capsules market across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of vegetable capsules market Companies.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Material

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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