Over 62% Of Advanced Empty Capsule Market Sales Concentrate In Pharmaceutical Industry: FMI

The global advanced empty capsule market sales are set to grow at over 8% CAGR during the forecast period of 2021 and 2031, estimates ESOMAR-certified consulting firm […]

The post Over 62% of Advanced Empty Capsule Market Sales Concentrate in Pharmaceutical Industry: FMI first appeared on Market Research Blog.

The global advanced empty capsule market sales are set to grow at over 8% CAGR during the forecast period of 2021 and 2031, estimates ESOMAR-certified consulting firm Future Market Insights.

Rising demand for halal-certified products from countries with Muslim population is fueling the demand of advanced empty capsules. Increasing demand for customized capsules within pharmaceutical and nutraceutical industry is bolstering the market growth.

Also, demand for vegetarian-based capsules is increasing in pharmaceutical companies to curb the manufacturing of gelatin-based capsules. As a result, manufacturing companies are amplifying the production of vegetarian-based capsules.

Increasing consumption of vitamin supplements across countries such as Russia, the U.S., Germany and the U.K. is improving the production of empty-capsule. Research and development for drug delivery systems and increasing initiatives undertaken by government is improving the growth.

Technological advancements, favorable government policies and high adoption of oral capsules in pharmaceutical companies are widening the growth opportunities for empty capsule manufacturers over the forecast period.

As per FMI's analysis, the global advanced empty capsule market is anticipated to surpass a valuation of US$ 1.5 Bn by 2021.

"Increasing demand of vegetarian-based capsule within pharmaceutical companies is accelerating the production, providing lucrative growth opportunities for the manufacturers," says the FMI analyst.

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Key Takeaways from FMI's Advanced Empty Capsule Market Study

Competitive Landscape

Product innovation and new launches remain the key strategy for the market players. Key players are investing in the research and development for the innovation of products and for revenue generation.

In March 2021, a leading player CapsCanada, a Lyfe Group, announced the launch of a new manufacturing service for its new liquid-filled hard capsule.

In November 2019, Suheung Co. Ltd., announced the opening of their new EMBO CAPS VG-Alpha capsule facility located in the Long Thanh Industrial Zone. Embocaps® by Suheung's vegetarian capsule product line includes the EMBO CAPS® VG, EMBO CAPS® VG-ALPHA; both non-animal alternatives to gelatin capsules; and the EMBO CAPS®AP, a non-animal delayed release capsule and the EMBO CAPS® VP, a pullulan based capsule.

In July 2018, another key player, Lonza's Capsule Delivery Solutions announced the launch of Capsugel Vcaps Gen C capsules based on the carrageenan gelling-agent formulation. With this launch the company is expanding its Lonza's capsugel hydroxypropyl methyl cellulose (HPMC) product portfolio.

Some of the prominent market players profiled by Future Market Insights operating in advanced empty capsule market include:

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More Insights on the Global Advanced Empty Capsule Market

Future Market Insights, in its latest offering offers an unbiased analysis on the global advanced empty capsule market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:

Product Type

Raw Material

Capsule Sizes

End Use

Region

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13243

Key Questions Covered in the Report

The post Over 62% of Advanced Empty Capsule Market Sales Concentrate in Pharmaceutical Industry: FMI first appeared on Market Research Blog.

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