Latest News- Vegetable Capsules Market: Health supplements is expected to lead the Application segment during 2025-2029

The Vegetable Capsules Market is being driven by Increasing applications in pharmaceutical industry

The Vegetable Capsules Market is expected to grow at a CAGR of 12.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 582.1 million. In the evolving business landscape, the shift towards e-commerce is driving substantial growth in the vegetable capsules market. This trend is particularly significant as consumers increasingly prioritize convenience and a broader product range. E-commerce platforms offer vegetable capsule manufacturers a global reach, enabling them to cater to a larger consumer base beyond traditional brick-and-mortar stores. Online marketplaces provide unparalleled accessibility to consumers, both domestically and internationally, thereby expanding market potential. Moreover, e-commerce facilitates easy product discovery and comparison, allowing consumers to find the most suitable vegetable capsule-based dietary supplements and pharmaceutical products with ease. This dynamic market environment presents significant opportunities for vegetable capsule manufacturers to expand their market share and tap into previously untapped regions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Health supplements
  • Pharmaceuticals
  • Others
• Material
  • Cellulose
  • Starch
  • Pullulan
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

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

However, the market also witnesses some limitations, which are as follows:

• Limited awareness and availability of vegetable capsules
• High production cost associated with vegetable capsules
• Technological limitations associated with vegetable capsules

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Market Scope in Vegetable Capsules Market Research Report

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Research Analysis Overview

In the health and wellness industry, vegetarian softgel capsules have gained popularity due to their plant-based origins, contrasting animal derivative gelatin capsules. These capsules are derived from natural sources and are free from gluten, modified sugar, and starch. Pullulan and cellulose (Hydroxypropyl Methylcellulose) are common raw materials used in their production. Vegetarian capsules cater to the growing vegan population and are used in formulations for health supplements, cosmetics, hospital pharmacy, retail stores, and online providers. Their advantages include nutritional and pharmaceutical purposes, such as delivering vitamins, minerals, fiber, fatty acids, amino acids, and boosting the immune system. Despite higher manufacturing costs and production processes, health-conscious consumers continue to prefer vegetarian capsules over traditional gelatin ones.

Market Research Overview

The vegetable capsules market is a segment of the larger global pharmaceuticals industry, encompassing entities involved in the research and development or production of various types of drugs, including generic and non-generic, as well as veterinary pharmaceuticals. According to Technavio, the healthcare market size is determined by the collective revenue generated by manufacturers and providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. The expansion of the global pharmaceuticals market is anticipated to be fueled by several factors, chief among them being the increasing global population aging. By 2050, approximately one-quarter of the US population and by 2030 in Europe are projected to be over the age of 60. Vegetable capsules, derived from plant-based sources and free from animal derivatives, gluten, modified sugar, starch, pullulan, and cellulose (Hydroxypropyl Methylcellulose), are gaining popularity due to their vegetarian and allergen-free attributes, further driving market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/