Vegetarian Capsules Market Size - Growth, Share by 2031
The vegetarian capsules market is projected to reach US$ 3.5 billion by 2031 from US$ 1.8 billion in 2023. The market is expected to register a CAGR of 8.4% during 2023–2031. The outsourcing of vegetarian capsule is likely to remain key vegetarian capsules market trends during the forecast period.
Vegetarian Capsules Market Analysis
Rising Preference for Vegan Capsules Over Gelatin-Based Capsules
For many years, there have been medical, religious, cultural, and ethical concerns about adding animal substances to capsule coatings or formulations in pharmaceutical medicines. Also, some consumers expressed concerns over the use of animal-derived pharmaceutical medicines due to the associated healthcare risks. In July 2023, the Center for Disease Control and Prevention (CDC) published a report stating that consumption of animal-derived medicines and supplements is responsible for causing Alpha-gal syndrome (AGS) among patients. Also, AGS patients revealed serious allergic reactions after consuming medications or supplements that include mammalian-derived ingredients. Such instances have raised the interest among the manufacturers to produce animal-free medications and supplements.
Table: Comparative Analysis Between Gelatin Capsules and Vegetarian Capsules
Factors | Gelatin Capsules | Vegetarian Capsules | |
Source | Bovine, Cow, and Pigs | Plants | |
Target Audience | Vegan, Vegetarian, and Nonvegetarian Population | Vegan or Vegetarian Population | |
Allergy | Allergy Due to Cow and Pig-Based Ingredient | No Allergies | |
Cross Linking Ingredients | Cross Linking with Other Drug-Drug Derivatives | No Cross Linking | |
External Ingredients | Preservatives | No Preservatives |
Source: The Insight Partners Analysis
Currently, the high volume of pharmaceutical capsules available in the market are composed of gelatin. However, the crosslinking of the gelatin with drug incompatibilities and strict regulations on the use of animal-derived gelatin have encouraged pharmaceutical manufacturers to replace gelatin components with vegetable-based ingredients. Pharmaceutical manufacturers identified that Hydroxypropyl Methylcellulose (HPMC)-derived vegetarian capsules is a good alternative to gelatin due to its vegetable derived source. Vegicaps soft capsules are the best example of animal-free capsules. The shell is composed of seaweed extract and gluten-free starch containing no modified sugars and artificial colors. Advantages of Vegicaps soft capsules are that they are free from animal derivatives, easy to swallow, soft, natural, and healthier products. In the case of gelatin-based capsules, the shell may get soft and become sticky upon spraying aqueous enteric polymer dispersions or may become brittle due to water evaporation during drying, ultimately losing mechanical stability. However, in HPMC-derived vegetarian capsules, it is less sensitive to aqueous coating, and the capsule shell is hard that avoids leakage of the ingredients.
Therefore, rising preference toward vegetarian medicines proves advantageous for the manufacturers to accelerate the production of vegetarian capsules, which drives the vegetarian capsules market growth.
Vegetarian Capsules Market Overview
Technology, innovation, and smart technological solutions such as continue to influence vegetarian capsule demand significantly. Rising preference for vegan capsules over gelatin-based capsules and growing demand for vegetable capsules despite their high cost are among the most influential factors responsible for the vegetarian capsules market growth. Innovative product launches of vegetarian capsules will provide a lucrative opportunity for the vegetarian capsules market during the forecast period.
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Vegetarian Capsules Market: Strategic Insights
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Vegetarian Capsules Market Trends and Opportunities
Growing Demand for Vegetable Capsules Despite Their High Cost
The majority of pharmaceutical companies are producing vegetarian capsules over animal-derived capsules as they have low moisture content and better stability for hygroscopic compounds. Also, vegetarian capsules are considered a "premium product" as it has been proven from clinical studies (in-vitro and in-vivo) that vegetarian capsules show bioequivalence properties such as distribution, absorption, metabolism, and excretion like gelatin capsules. It also eliminates cross-linking of the ingredients and has effective disintegration properties. The high cost of vegetarian capsule manufacturing can be attributed to specialized raw materials and manufacturing processes and the delivery of higher consumer value. However, despite the high cost of these capsules, consumers are willing to spend more on vegetarian capsule products as animal-derived ingredients in capsules may cause AGS. As per the Lonza company website, more than 50% of consumers are willing to pay an extra price for natural-derived products and organic products globally. For example, in the US, 35% of supplement users reveal that a vegetarian or animal source is important when choosing a supplement. Therefore, the rising demand for vegetable capsules, despite their high costs, fuels the vegetable capsules market growth.
Innovative Product Launches of Vegetarian Capsules – An Opportunity
Innovation in vegetarian capsule products is of utmost importance for manufacturers to promote it as the best alternative to gelatin capsules. Nutraceutical companies are launching modified-release vegetarian capsules for effective drug absorption and to achieve predetermined clinical objectives.
"DRcaps capsules" by Lonza's (Capsugel) are vegetarian capsules manufactured using hydroxypropyl methylcellulose (HPMC), which disintegrates more slowly than traditional gelatin capsules. Such HPMC-derived vegetarian capsules keep the ingredients intact in the capsule shell. Also, DRcaps capsules do not require any external application of chemical coatings to keep the ingredients intact, mask taste, or postpone the release of the active ingredients, proving advantageous for consumers who doubt capsule coatings as "unnatural." The clinical in-vitro studies on DRcaps capsules reveal that the capsule contents are intact for at least 30 minutes, with a gastric pH of 1.2, and disintegrate fully at an intestinal pH of 6.8. The DRcaps capsules are modified-release vegetarian capsule types that benefit consumers dealing with bad taste or aftertaste caused by some ingredients. Further, these capsules can eliminate certain disintegration steps such as coating, which reduces high production costs and time.
Several nutraceutical manufacturers are developing acid-resistant vegetarian capsules as probiotics cannot travel through stomach acid. Several probiotic products contain "strains" that cannot survive the passage of stomach acid. The SILVACO company's "Acid-Resistant vegetable HPMC capsules" can pass through the stomach acid, travel in low-pH environments, and quickly disintegrate in the intestinal tract.
Vegetarian capsule manufactures are developing innovative products to obtain predetermined clinical objectives and gain a significant advantage over gelatin capsules, which is expected to offer lucrative opportunities for the vegetarian capsules market during the forecast period.
Vegetarian Capsules Market Report Segmentation Analysis
Key segments that contributed to the derivation of the vegetarian capsules market analysis are product, application, functionality, and end user.
- Based on product, the vegetarian capsules market is segmented into Hydroxypropyl Methyl Cellulose (HPMC), pullulan, and others. The HPMC segment held the largest market share in 2023.
- By application, the market is segmented into antibiotic & antibacterial drugs, vitamin and dietary supplements, anti-inflammatory, cardiovascular therapy, antacid & antiaffluent, and others. The antibiotic and antibacterial drugs segment held the largest share of the market in 2023.
- In terms of functionality, the market is segregated into immediate-release, sustained-release, and delayed-release. The immediate-release segment dominated the market in 2023.
- In terms of end user, the market is segmented into pharmaceutical industry, nutraceutical industry, contract manufacturing organizations, and cosmetic industry. The pharmaceutical industry segment dominated the market in 2023.
Vegetarian Capsules Market Share Analysis by Geography
The geographic scope of the vegetarian capsules market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
Asia Pacific dominated the vegetarian capsules market in 2023. In the Asia Pacific market, India accounts for a considerable share. India has no specific regulations for nutraceutical products and food supplement sales. For example, the Food Safety and Standards Authority of India (FSSAI) proposed a draft of Food Safety Standards (Food or Health Supplements, Nutraceuticals, Foods for Special Dietary Uses, Foods for Special Medical Purposes, Functional Foods and Novel Food) Regulations, in 2015. These are the most influential factors responsible for the market growth. Further, Asia Pacific is anticipated to register the highest CAGR in the coming years.
Vegetarian Capsules Market Report Scope
Vegetarian Capsules Market News and Recent Developments
The vegetarian capsules market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments and strategies in the market:
- In March 2021, ACG announced a new "ACGcaps NTone and ACGcaps TSafe," a range of capsules for nutraceutical consumers. The "ACGcaps NTone" product is naturally colored capsules and aesthetically appealing color solutions such as Ocean Blue, Sunny Yellow, Desert Brown, Purple Pure Carrot, and Red Pure Radish. The company claims that the colors are safe and nontoxic without containing any artificial ingredients, and there is no change in product shelf-life as compared to synthetic-colored capsules. (Source: ACG Company Name, Press Release/Company Website/Newsletter, 2021)
Vegetarian Capsules Market Report Coverage and Deliverables
The “Vegetarian Capsules Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Key factors that are driving the growth of this market are rising preference for vegan capsules over gelatin-based capsules and growing demand for vegetable capsules despite their high cost are expected to boost the market growth for the vegetarian capsules over the years.
Vegetarian capsules provide a convenient alternative who can't eat meet or meat products. Also, vegetarian capsules provide benefits of a typical capsule without the issue associated with dietary restrictions.
The HPMC segment held the largest share of the market in the global vegetarian capsules market and held the largest market share in 2023.
The antibiotic & antibacterial drugs segment dominated the global vegetarian capsules market and held the largest market share in 2023.
The CAGR value of the vegetarian capsules market during the forecasted period of 2023-2031 is 8.4%.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Vegetarian Capsules Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 List of Raw Material Suppliers
4.3.1 List of Raw Material Suppliers
4.3.2 List of Raw Material Suppliers for Pullulan
4.3.3 Variant types of HPMC Use in Formulation
5. Vegetarian Capsules Market – Key Market Dynamics
5.1 Vegetarian Capsules Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Preference for Vegan Capsules Over Gelatin-Based Capsules
5.2.2 Growing Demand for Vegetable Capsules Despite Their High Cost
5.3 Market Restraints
5.3.1 Risks of Product Recalls
5.4 Market Opportunities
5.4.1 Innovative Product Launches of Vegetarian Capsules
5.5 Future Trends
5.5.1 Outsourcing of Vegetarian Capsules
5.6 Impact of Drivers and Restraints:
6. Vegetarian Capsules Market – Global Market Analysis
6.1 Vegetarian Capsules Market Revenue (US$ Million), 2021–2031
7. Vegetarian Capsules Market Analysis – by Product
7.1 Overview
7.2 Global: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
7.3 Hydroxypropyl Methylcellulose (HPMC)
7.3.1 Overview
7.3.2 Hydroxypropyl Methylcellulose (HPMC): Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Pullulan
7.4.1 Overview
7.4.2 Pullulan: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8. Vegetarian Capsules Market Analysis – by Application
8.1 Overview
8.2 Antibiotic and Antibacterial Drug
8.2.1 Overview
8.2.2 Antibiotic and Antibacterial Drug: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Vitamin and Dietary Supplement
8.3.1 Overview
8.3.2 Vitamin and Dietary Supplement: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Anti Inflammatory Drugs
8.4.1 Overview
8.4.2 Anti Inflammatory Drugs: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Cardiovascular Therapy Drugs
8.5.1 Overview
8.5.2 Cardiovascular Therapy Drugs: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Antacid and Antiflatulent Preparation
8.6.1 Overview
8.6.2 Antacid and Antiflatulent Preparation: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9. Vegetarian Capsules Market Analysis – by Functionality
9.1 Overview
9.2 Immediate Release Capsules
9.2.1 Overview
9.2.2 Immediate Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Sustained Release Capsules
9.3.1 Overview
9.3.2 Sustained Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Delayed Release Capsules
9.4.1 Overview
9.4.2 Delayed Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10. Vegetarian Capsules Market Analysis – by End User
10.1 Overview
10.2 Pharmaceutical Companies
10.2.1 Overview
10.2.2 Pharmaceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Nutraceutical Companies
10.3.1 Overview
10.3.2 Nutraceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Contract Manufacturing Organizations (CMOs)
10.4.1 Overview
10.4.2 Contract Manufacturing Organizations (CMOs): Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Cosmeceutical Companies
10.5.1 Overview
10.5.2 Cosmeceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11. Vegetarian Capsules Market – Geographical Analysis
11.1 North America
11.1.1 North America Vegetarian Capsules Market Overview
11.1.2 North America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.2.1 North America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Product
11.1.2.2 North America: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.1.2.3 North America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Application
11.1.2.4 North America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Functionality
11.1.2.5 North America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by End User
11.1.3 North America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Country
11.1.3.1 United States: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.1.1 Overview
11.1.3.2 United States: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.2.1 United States: Vegetarian Capsules Market Breakdown, by Product
11.1.3.2.2 United States: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.1.3.2.3 United States: Vegetarian Capsules Market Breakdown, by Application
11.1.3.2.4 United States: Vegetarian Capsules Market Breakdown, by Functionality
11.1.3.2.5 United States: Vegetarian Capsules Market Breakdown, by End User
11.1.3.3 Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.3.1 Overview
11.1.3.4 Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.4.1 Canada: Vegetarian Capsules Market Breakdown, by Product
11.1.3.4.2 Canada: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.1.3.4.3 Canada: Vegetarian Capsules Market Breakdown, by Application
11.1.3.4.4 Canada: Vegetarian Capsules Market Breakdown, by Functionality
11.1.3.4.5 Canada: Vegetarian Capsules Market Breakdown, by End User
11.1.3.5 Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.5.1 Overview
11.1.3.6 Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.1.3.6.1 Mexico: Vegetarian Capsules Market Breakdown, by Product
11.1.3.6.2 Mexico: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.1.3.6.3 Mexico: Vegetarian Capsules Market Breakdown, by Application
11.1.3.6.4 Mexico: Vegetarian Capsules Market Breakdown, by Functionality
11.1.3.6.5 Mexico: Vegetarian Capsules Market Breakdown, by End User
11.2 Europe
11.2.1 Europe Vegetarian Capsules Market Overview
11.2.2 Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.2.1 Europe: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Product
11.2.2.2 Europe: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.2.3 Europe: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Application
11.2.2.4 Europe: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Functionality
11.2.2.5 Europe: Vegetarian Capsules Market – Revenue and Forecast Analysis – by End User
11.2.3 Europe: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Country
11.2.3.1 United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.1.1 Overview
11.2.3.2 United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.2.1 United Kingdom: Vegetarian Capsules Market Breakdown, by Product
11.2.3.2.2 United Kingdom: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.2.3 United Kingdom: Vegetarian Capsules Market Breakdown, by Application
11.2.3.2.4 United Kingdom: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.2.5 United Kingdom: Vegetarian Capsules Market Breakdown, by End User
11.2.3.3 Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.3.1 Overview
11.2.3.4 Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.4.1 Germany: Vegetarian Capsules Market Breakdown, by Product
11.2.3.4.2 Germany: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.4.3 Germany: Vegetarian Capsules Market Breakdown, by Application
11.2.3.4.4 Germany: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.4.5 Germany: Vegetarian Capsules Market Breakdown, by End User
11.2.3.5 France: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.5.1 Overview
11.2.3.6 France: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.6.1 France: Vegetarian Capsules Market Breakdown, by Product
11.2.3.6.2 France: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.6.3 France: Vegetarian Capsules Market Breakdown, by Application
11.2.3.6.4 France: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.6.5 France: Vegetarian Capsules Market Breakdown, by End User
11.2.3.7 Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.7.1 Overview
11.2.3.8 Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.8.1 Italy: Vegetarian Capsules Market Breakdown, by Product
11.2.3.8.2 Italy: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.8.3 Italy: Vegetarian Capsules Market Breakdown, by Application
11.2.3.8.4 Italy: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.8.5 Italy: Vegetarian Capsules Market Breakdown, by End User
11.2.3.9 Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.9.1 Overview
11.2.3.10 Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.10.1 Spain: Vegetarian Capsules Market Breakdown, by Product
11.2.3.10.2 Spain: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.10.3 Spain: Vegetarian Capsules Market Breakdown, by Application
11.2.3.10.4 Spain: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.10.5 Spain: Vegetarian Capsules Market Breakdown, by End User
11.2.3.11 Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.11.1 Overview
11.2.3.12 Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.2.3.12.1 Rest of Europe: Vegetarian Capsules Market Breakdown, by Product
11.2.3.12.2 Rest of Europe: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.2.3.12.3 Rest of Europe: Vegetarian Capsules Market Breakdown, by Application
11.2.3.12.4 Rest of Europe: Vegetarian Capsules Market Breakdown, by Functionality
11.2.3.12.5 Rest of Europe: Vegetarian Capsules Market Breakdown, by End User
11.3 Asia Pacific
11.3.1 Asia Pacific Vegetarian Capsules Market Overview
11.3.2 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.2.1 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Product
11.3.2.2 Asia Pacific: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.2.3 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Application
11.3.2.4 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Functionality
11.3.2.5 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast Analysis – by End User
11.3.3 Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Country
11.3.3.1 India: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.1.1 Overview
11.3.3.2 India: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.2.1 India: Vegetarian Capsules Market Breakdown, by Product
11.3.3.2.2 India: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.2.3 India: Vegetarian Capsules Market Breakdown, by Application
11.3.3.2.4 India: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.2.5 India: Vegetarian Capsules Market Breakdown, by End User
11.3.3.3 China: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.3.1 Overview
11.3.3.4 China: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.4.1 China: Vegetarian Capsules Market Breakdown, by Product
11.3.3.4.2 China: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.4.3 China: Vegetarian Capsules Market Breakdown, by Application
11.3.3.4.4 China: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.4.5 China: Vegetarian Capsules Market Breakdown, by End User
11.3.3.5 Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.5.1 Overview
11.3.3.6 Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.6.1 Japan: Vegetarian Capsules Market Breakdown, by Product
11.3.3.6.2 Japan: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.6.3 Japan: Vegetarian Capsules Market Breakdown, by Application
11.3.3.6.4 Japan: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.6.5 Japan: Vegetarian Capsules Market Breakdown, by End User
11.3.3.7 South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.7.1 Overview
11.3.3.8 South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.8.1 South Korea: Vegetarian Capsules Market Breakdown, by Product
11.3.3.8.2 South Korea: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.8.3 South Korea: Vegetarian Capsules Market Breakdown, by Application
11.3.3.8.4 South Korea: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.8.5 South Korea: Vegetarian Capsules Market Breakdown, by End User
11.3.3.9 Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.9.1 Overview
11.3.3.10 Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.10.1 Australia: Vegetarian Capsules Market Breakdown, by Product
11.3.3.10.2 Australia: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.10.3 Australia: Vegetarian Capsules Market Breakdown, by Application
11.3.3.10.4 Australia: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.10.5 Australia: Vegetarian Capsules Market Breakdown, by End User
11.3.3.11 Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.11.1 Overview
11.3.3.12 Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.3.3.12.1 Rest of APAC: Vegetarian Capsules Market Breakdown, by Product
11.3.3.12.2 Rest of APAC: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.3.3.12.3 Rest of APAC: Vegetarian Capsules Market Breakdown, by Application
11.3.3.12.4 Rest of APAC: Vegetarian Capsules Market Breakdown, by Functionality
11.3.3.12.5 Rest of APAC: Vegetarian Capsules Market Breakdown, by End User
11.4 Middle East and Africa
11.4.1 Middle East and Africa Vegetarian Capsules Market Overview
11.4.2 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.2.1 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Product
11.4.2.2 Middle East and Africa: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.4.2.3 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Application
11.4.2.4 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Functionality
11.4.2.5 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast Analysis – by End User
11.4.3 Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Country
11.4.3.1 Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.1.1 Overview
11.4.3.2 Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.2.1 Saudi Arabia: Vegetarian Capsules Market Breakdown, by Product
11.4.3.2.2 Saudi Arabia: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.4.3.2.3 Saudi Arabia: Vegetarian Capsules Market Breakdown, by Application
11.4.3.2.4 Saudi Arabia: Vegetarian Capsules Market Breakdown, by Functionality
11.4.3.2.5 Saudi Arabia: Vegetarian Capsules Market Breakdown, by End User
11.4.3.3 South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.3.1 Overview
11.4.3.4 South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.4.1 South Africa: Vegetarian Capsules Market Breakdown, by Product
11.4.3.4.2 South Africa: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.4.3.4.3 South Africa: Vegetarian Capsules Market Breakdown, by Application
11.4.3.4.4 South Africa: Vegetarian Capsules Market Breakdown, by Functionality
11.4.3.4.5 South Africa: Vegetarian Capsules Market Breakdown, by End User
11.4.3.5 United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.5.1 Overview
11.4.3.6 United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.6.1 United Arab Emirates: Vegetarian Capsules Market Breakdown, by Product
11.4.3.6.2 United Arab Emirates: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.4.3.6.3 United Arab Emirates: Vegetarian Capsules Market Breakdown, by Application
11.4.3.6.4 United Arab Emirates: Vegetarian Capsules Market Breakdown, by Functionality
11.4.3.6.5 United Arab Emirates: Vegetarian Capsules Market Breakdown, by End User
11.4.3.7 Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.7.1 Overview
11.4.3.8 Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.4.3.8.1 Rest of Middle East and Africa: Vegetarian Capsules Market Breakdown, by Product
11.4.3.8.2 Rest of Middle East and Africa: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.4.3.8.3 Rest of Middle East and Africa: Vegetarian Capsules Market Breakdown, by Application
11.4.3.8.4 Rest of Middle East and Africa: Vegetarian Capsules Market Breakdown, by Functionality
11.4.3.8.5 Rest of Middle East and Africa: Vegetarian Capsules Market Breakdown, by End User
11.5 South and Central America
11.5.1 South and Central America Vegetarian Capsules Market Overview
11.5.2 South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.2.1 South and Central America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Product
11.5.2.2 South and Central America: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.5.2.3 South and Central America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Application
11.5.2.4 South and Central America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Functionality
11.5.2.5 South and Central America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by End User
11.5.3 South and Central America: Vegetarian Capsules Market – Revenue and Forecast Analysis – by Country
11.5.3.1 Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.1.1 Overview
11.5.3.2 Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.2.1 Brazil: Vegetarian Capsules Market Breakdown, by Product
11.5.3.2.2 Brazil: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.5.3.2.3 Brazil: Vegetarian Capsules Market Breakdown, by Application
11.5.3.2.4 Brazil: Vegetarian Capsules Market Breakdown, by Functionality
11.5.3.2.5 Brazil: Vegetarian Capsules Market Breakdown, by End User
11.5.3.3 Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.3.1 Overview
11.5.3.4 Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.4.1 Argentina: Vegetarian Capsules Market Breakdown, by Product
11.5.3.4.2 Argentina: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.5.3.4.3 Argentina: Vegetarian Capsules Market Breakdown, by Application
11.5.3.4.4 Argentina: Vegetarian Capsules Market Breakdown, by Functionality
11.5.3.4.5 Argentina: Vegetarian Capsules Market Breakdown, by End User
11.5.3.5 Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.5.1 Overview
11.5.3.6 Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
11.5.3.6.1 Rest of South and Central America: Vegetarian Capsules Market Breakdown, by Product
11.5.3.6.2 Rest of South and Central America: Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
11.5.3.6.3 Rest of South and Central America: Vegetarian Capsules Market Breakdown, by Application
11.5.3.6.4 Rest of South and Central America: Vegetarian Capsules Market Breakdown, by Functionality
11.5.3.6.5 Rest of South and Central America: Vegetarian Capsules Market Breakdown, by End User
12. Company Profiles
12.1 Shanxi Guangsheng Medicinal Capsules Co (GS Capsules)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Lefancaps
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SUHEUNG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ACG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Capsugel, Inc (A subsidiary of Lonza Group AG)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HealthCaps India
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NATURAL CAPSULES LIMITED
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sunil Healthcare Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 QUALICAPS
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Zhejiang Honghui Capsule Co., Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 BrightCaps GmbH
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 CapsCanada
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Zhejiang Huili Capsules Co., Ltd.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Yasin
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
List of Tables
Table 1. Vegetarian Capsules Market Segmentation
Table 2. Comparative Analysis Between Gelatin Capsules and Vegetarian Capsules
Table 3. Global: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 4. North America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 5. North America: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 6. North America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 7. North America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 8. North America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 9. United States: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 10. United States: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 11. United States: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 12. United States: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 13. United States: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 14. Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 15. Canada: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 16. Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 17. Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 18. Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 19. Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 20. Mexico: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 21. Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 22. Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 23. Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 24. Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 25. Europe: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 26. Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 27. Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 28. Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 29. United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 30. United Kingdom: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 31. United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 32. United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 33. United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 34. Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 35. Germany: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 36. Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 37. Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 38. Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 39. France: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 40. France: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 41. France: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 42. France: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 43. France: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 44. Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 45. Italy: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 46. Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 47. Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 48. Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 49. Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 50. Spain: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 51. Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 52. Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 53. Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 54. Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 55. Rest of Europe: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 56. Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 57. Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 58. Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 59. Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 60. Asia Pacific: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 61. Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 62. Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 63. Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 64. India: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 65. India: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 66. India: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 67. India: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 68. India: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 69. China: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 70. China: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 71. China: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 72. China: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 73. China: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 74. Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 75. Japan: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 76. Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 77. Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 78. Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 79. South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 80. South Korea: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 81. South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 82. South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 83. South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 84. Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 85. Australia: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 86. Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 87. Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 88. Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 89. Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 90. Rest of APAC: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 91. Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 92. Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 93. Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 94. Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 95. Middle East and Africa: Vegetarian Capsules Market – Volume and Forecast to 2031(Million Units) – by Product
Table 96. Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 97. Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 98. Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 99. Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 100. Saudi Arabia: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 101. Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 102. Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 103. Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 104. South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 105. South Africa: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 106. South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 107. South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 108. South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 109. United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 110. United Arab Emirates: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 111. United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 112. United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 113. United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 114. Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 115. Rest of Middle East and Africa: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 116. Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 117. Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 118. Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 119. South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 120. South and Central America: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 121. South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 122. South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 123. South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 124. Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 125. Brazil: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 126. Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 127. Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 128. Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 129. Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 130. Argentina: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 131. Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 132. Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 133. Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 134. Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 135. Rest of South and Central America: Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 136. Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 137. Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by Functionality
Table 138. Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million) – by End User
Table 139. Glossary of Terms, Vegetarian Capsules Market
List of Figures
Figure 1. Vegetarian Capsules Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Vegetarian Capsules Market Revenue (US$ Million), 2021–2031
Figure 5. Vegetarian Capsules Market, By Geography Forecast Analysis, 2023 & 2031
Figure 6. Vegetarian Capsules Market Share (%) – by Product (2023 and 2031)
Figure 7. Hydroxypropyl Methylcellulose (HPMC): Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Pullulan: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Others: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Vegetarian Capsules Market Share (%) – by Application (2023 and 2031)
Figure 11. Antibiotic and Antibacterial Drug: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Vitamin and Dietary Supplement: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Anti Inflammatory Drugs: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Cardiovascular Therapy Drugs: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Antacid and Antiflatulent Preparation: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Others: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Vegetarian Capsules Market Share (%) – by Functionality (2023 and 2031)
Figure 18. Immediate Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Sustained Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Delayed Release Capsules: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. Vegetarian Capsules Market Share (%) – by End User (2023 and 2031)
Figure 22. Pharmaceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Nutraceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Contract Manufacturing Organizations (CMOs): Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Cosmeceutical Companies: Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. North America: Vegetarian Capsules Market by Key Countries – Revenue 2023 (US$ Million)
Figure 27. North America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. North America: Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 29. United States: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Canada: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Mexico: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Europe: Vegetarian Capsules Market – Revenue by Key Countries Revenue 2023 (US$ Million)
Figure 33. Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. Europe: Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 35. United Kingdom: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Germany: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. France: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Italy: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Spain: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Rest of Europe: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Asia Pacific: Vegetarian Capsules Market – Revenue by Key Countries 2023 (US$ Million)
Figure 42. Asia Pacific: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Asia Pacific: Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 44. India: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. China: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Japan: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. South Korea: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. Australia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Rest of APAC: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Middle East and Africa: Vegetarian Capsules Market by Key Countries – Revenue 2023 (US$ Million)
Figure 51. Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. Middle East and Africa: Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 53. Saudi Arabia: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 54. South Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. United Arab Emirates: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 56. Rest of Middle East and Africa: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. South and Central America: Vegetarian Capsules Market by Key Countries – Revenue 2023 (US$ Million)
Figure 58. South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. South and Central America: Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 60. Brazil: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 61. Argentina: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 62. Rest of South and Central America: Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
The List of Companie - Vegetarian Capsules Market
- Shanxi Guangsheng Medicinal Capsules (GS Capsules)
- Lefancaps
- SUHEUNG
- ACG
- Capsugel, Inc. (Subsidiary of Lonza Group AG)
- HealthCaps India
- NATURAL CAPSULES LIMITED
- Sunil Healthcare Limited
- QUALICAPS
- Zhejiang Honghui Capsule Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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