Authored By: Sarah
23 Aug 2024

Vegetable Capsules Market Size to grow by USD 274.25 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Vegetable Capsules Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights

  • Market Research Overview:

According to Technavio, the global vegetable capsules market is a segment of the expansive global pharmaceuticals industry, which encompasses entities involved in the research and development (R&D) or manufacturing of various pharmaceutical offerings, including generic and non-generic drugs, veterinary medicines, and biotech products. The size of the global healthcare industry, which includes the revenue generated by providers of pharmaceuticals, equipment, supplies, and life sciences tools and services, is projected to expand significantly due to several key drivers, chief among them being the increasing global population aging above 60 years. - The Vegetable Capsules Market is experiencing significant growth, fueled by the Increasing applications in pharmaceutical industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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  • Major Findings

    • Increasing applications in pharmaceutical industry
    • Growing consumer preference for natural and plant-based products
    • Limited awareness and availability of vegetable capsules
    • High production cost associated with vegetable capsules
  • Growth Projections

The market size is estimated to grow by USD 274.25 million, at a CAGR of 8.68% during the forecast period. Growth in e-commerce industry | Expansion of nutraceutical and dietary supplements industry | Increasing focus on sustainable packaging

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  • Regional Insights

The vegetable capsules market in North America is poised for substantial expansion during the forecast period, driven by the escalating trend towards vegetarian and vegan lifestyles among consumers. This shift in consumer preferences is leading to an increased demand for plant-based alternatives in various sectors, such as pharmaceuticals, nutraceuticals, and dietary supplements. Consequently, the vegetable capsules market in North America is experiencing robust growth due to the surging popularity of natural health solutions. The nutraceuticals and supplements industry in North America is witnessing a rapid uptick as an increasing number of individuals seek natural methods to enhance their health and well-being.

Research Analysis Overview

The Vegetable Capsules Market has witnessed significant growth in recent years due to the increasing demand for health supplements and the rise of health-conscious consumers. These capsules, which come in various sizes and shapes, are used for both pharmaceutical and nutritional purposes. They contain essential nutrients such as amino acids, fatty acids, fiber, minerals, vitamins, and more, making them an ideal choice for boosting the immune system. The production processes for vegetable capsules involve using raw materials like cellulose (Hydroxypropyl Methylcellulose), pullulan, starch, modified sugar, and plant-based natural sources. These capsules are free from animal derivatives like gelatin, making them suitable for vegan populations and vegetarian consumers. Online providers, retail stores, and pharmacies offer a wide range of vegetable capsules for various health conditions and nutritional needs. They are used in the pharmaceutical industry for manufacturing drugs and health supplements, as well as in cosmetics and personal care products. The advantages of vegetable capsules include their plant-based composition, easy swallowing, and versatility. The manufacturing cost of vegetable capsules may be higher than that of gelatin capsules, but their benefits outweigh the additional cost for many consumers.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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