The Empty Capsules Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Empty Capsules Market is estimated to be $1357 million USD in 2016 and predicted to rise to $ 1948 million USD by 2021 with a CAGR of 7.5%. The market is segmented by Product (Gelatin Capsules and Non-Gelatin Capsules), Therapeutic Application (Antibiotic and Antibacterial Drugs, Vitamins and Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations, Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Preparations and other therapeutic applications ), and End User (Pharmaceutical Industry, Nutraceutical Industry, Cosmetics Industry and Research Laboratories). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa
Global Empty Capsules market is mainly driven due to the increasing application in Pharmaceutical and nutraceutical companies. Growing consumer preferences towards capsule based formulations coupled with technology innovations are also fuelling the market growth. However increasing raw material costs and issues concerned with the consumption of capsules containing animal derived ingredients are limiting the market growth
Gelatin Capsules is the largest product segment accounting for a share of approximately 80% whereas Non-Gelatin capsules is estimated to be the fastest segment with a CAGR of XX% due to increasing preference for vegetable origin capsules. Dietary supplements and vitamins segment is expected to be the fastest growing therapeutic application segment. Pharmaceutical Industry is the largest end user segment accounting for a significant share and is estimated to maintain its strong share
North America is the dominating market for accounting for a share of approximately 37% and is estimated to maintain a strong share during the forecast period due to well developed pharmaceutical industry and increase in the consumption of nutraceutical products. Europe is t second largest market for Empty Capsules while Asia-Pacific region is estimated to be the fastest growing region owing to its high population base and increasing government support.
Some of the Key companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-empty-capsules-market-439/” and checkout our recent reports in the Pharmaceutical category at “http://www.marketdataforecast.com/research-reports/healthcare/pharmaceuticals-1/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.