Browse 140 market data Tables and 34 Figures spread through 179 Pages and in-depth TOC on "Empty Capsules Market by Product (Gelatin (Porcine, Bovine, Bone Meal), Non-Gelatin (HPMC, Pullulan)), by Application (Antibiotics, Vitamins, Anti-Inflammatory, Ant anemic) & by End User (Pharmaceutical, Nutraceutical, Cosmetics) - Global Forecast to 2021"
The global empty capsules market is estimated to grow at a CAGR of 7.2% during the forecast period, to reach USD 2.13 Billion by 2021. The rapidly increasing aging population, growing applications in the pharmaceutical and nutraceutical industries, and growing consumer preference towards capsule-based formulations are the major factors driving the growth of the market. However, increasing raw material prices, stringent regulatory frameworks, and religious as well as cultural specifications are expected to limit the growth of this market to a certain extent.
Geographically, the empty capsules market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded a major share of the market. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period. Growth in the Asia-Pacific market can be attributed to growth in the pharmaceutical and nutraceutical industries along with less stringent regulations in the nutraceutical industry, increasing number of new healthcare facilities, and rising healthcare awareness.
The prominent players in the global empty capsules market include ACG Worldwide (India), Capsugel (U.S.), CapsCanada Corporation (Canada), Qualicaps, Inc. (U.S.), Suheung Co., Ltd. (Korea), Medi-Caps Ltd. (India), Roxlor LLC (U.S.), Bright Pharma Caps (U.S.), Snail Pharma Industry Co., Ltd. (China), and Sunil Healthcare Ltd.(India).
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