The factors that are projected to propel the market include technological innovations, increasing applications in the pharmaceutical industry, and growing elderly population.
Sarasota, FL -- (SBWIRE) -- 06/12/2017 -- Zion Market Research, the market research group announced the analysis report titled "Empty Capsules Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Empty Capsules Market: Overview
Empty capsules allow users to fill colorants, bulking agents, and fillers on their own in the capsule. It also permits the user to mix different ingredients together and accordingly decide the specifications of the capsules. Empty capsules are safe, cheaper, and are organic in nature as compared to the readymade capsules. As an alternative food for children, it consists of spices, vegetables, and herbs. It will eliminate the need to directly visit the pharmacy to find tablets with necessary supplements. The main ingredient of the empty capsule is gelatin, which is derived from animal protein, which includes fish bones, animal bones & skin, pork skin, and plant derivatives such as pullulan, HPMC, starch, and others.
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Global Empty Capsules Market: Growth Factors
The factors that are projected to propel the market include technological innovations, increasing applications in the pharmaceutical industry, and growing elderly population. Growing demand for non-gelatin capsules will enhance the market in future. Rising adoption of the empty capsules that are vegetarian based by several nutraceuticals and pharmaceuticals companies anticipate fueling the market. Halal-based capsules are high in demand from Muslim population countries and vegetarian empty capsules by vegan groups positively impact the market. Various empty capsules manufacturers are involved in the better product designs and are investing in technological advancements in order to attract customers, these factors will boost the market. Holy specifications and increasing prices of the gelatin may hamper the market to some extent.
Global Empty Capsules Market: Segmentation
The empty capsules market is segmented globally on the basis of end users, raw material, therapeutic application, and product. Based on end-user, the market is categorized into health supplements and pharmaceutical. According to the raw material, the market is segregated into bovine, pig meat, and HPMC. The HPMC segment is the largest segment in the global market. The therapeutic application is fragmented into antibiotics and vitamins. On the basis of product, the market is divided into hard gelatin and non-gelatin capsules.
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Global Empty Capsules Market: Regional Analysis
North America held the largest market chunk due to growing consumer awareness about nutraceutical products and proliferation of cosmeceutical and nutraceutical industries. Health-focused trends are getting popular in this region, this is expected to give rise to the market growth. Nutraceuticals are helpful in the prevention of the major health problems, which include arthritis, cancer, and obesity, thus it influences the consumption of these nutraceuticals in the European region. Empty capsules are widely preferred in solid oral dosage forms hence it is high in demand. Asia Pacific is another lucrative market for empty capsules owing to favorable growth in the pharmaceutical manufacturing industries, encouraging government initiatives for the development of healthcare infrastructure, and changing trend towards fitness-oriented lifestyles. These factors will propel the empty capsules market growth in the next few years.
Global Empty Capsules Market: Competitive Players
Major market players in the global empty capsules market include Bright Pharma Caps Inc., Qualicaps Inc., Medi-Caps Ltd., ACG Worldwide, Roxlor LLC, and Snail Pharma Industry Co. Ltd. Other influencing players include Sunil Healthcare Ltd., Capsugel, Suheung Co. Ltd., and CapsCanada Corporation.
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Global Empty Capsules Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa