The report on the HPMC Capsules Market is segmented By Type (With Gelling Aid, Without Gelling Aid), By End User (Pharmaceutical Companies, CMO’s (Contract Manufacturing Organizations), Food and Beverage Companies, Cosmetic Companies), and Region – COVID-19 Impact Analysis and Forecast to 2026. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2021-2026.
The HPMC Capsules Market is estimated to grow from USD 357.2 million in 2020 to USD 600.4 million by 2026 at a healthy CAGR of 9.2% during the forecast period.
Some of the major players operating in the global HPMC Capsules Market are-
- ACG Worldwide Pvt., Ltd. (India)
- BioCaps Enterprise (US)
- Bright Caps GmbH (Austria)
- Bright Pharmacaps Inc. (US)
- Capscanada Corporation (Canada)
- Capsugel, Inc.
- Excellent Health Products Co., Ltd.
- Farmacapsulas S.A. (Colombia)
- Healthcaps India Limited (India)
- Natural Capsules Ltd. (India).
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure – as it reflects the value chain of different commodities in the market.
- Drivers and Constraints – as both can affect any element of the marketing mix — product, budget, and place, etc.
- Market Forecast – a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand’s strategy.
- Growth strategies – allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
The report covers maximum factors that affect the HPMC Capsules Market. According to this report,
The nutraceutical and pharmaceutical players have created a surging demand for the HPMC capsules in the past few years. This rising interest is in consideration with the vegetarian-based capsule properties to prevent manufacturing problems related to drug gelatin interactions and restriction in formulation with gelatin capsule, which boosts the product demand. Also, the manufacturing units are strongly focusing on producing halal and kosher certified products to strengthen opportunities of the growing demand from the Muslim regions around the world. Moreover, the rise in demand for innovated and developed products has leveraged the scope for the HPMC capsule market.
Based on type, the market has been bifurcated into with gelling aid and without gelling aid. The gelling aid segment accounted for a substantial market share in 2020. The gelling aid segment is further classified into gellan gum, carrageenan, and others. The gelling agent offers stable and robust performance. These are mainly suitable for moisture-sensitive product fills, which further bolster the segment growth in the coming years.
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the strong presence of well-developed healthcare infrastructure and favorable government initiatives. Moreover, rising innovations in technologically advanced products, immense per capita health expenditures, and strong investments in R&D for effective treatment alternatives, which further proliferate the regional growth.
Critical Questions Answered in the Report
- What are the key trends in the global HPMC Capsules Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global HPMC Capsules Market?
- What are the key strategies adopted by the major vendors to lead in the global HPMC Capsules Market?
- What is the market share of the top vendors?
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