The global vegetable (HPMC) capsule market has been on the rise over the past few years and is expected to continue its growth trajectory in the coming years. The market has gained significant traction due to the increasing demand for plant-based capsules and the growing awareness about the benefits of vegetable capsules. In this blog, we will dive deeper into the market dynamics, insights, and trends driving this growth.
The global market for vegetable capsules is gaining popularity as it provides an excellent alternative to gelatin capsules. Gelatin capsules have been widely used over the years, but the reducing preference for non-animal capsules is expected to boost the demand for vegetable capsules. HPMC capsules, also known as Hydroxypropyl Methylcellulose capsules, are derived from vegetable cellulose, making them an ideal solution for those following diets or ethics based on religious restrictions.
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HPMC capsules have high durability, a longer shelf-life, no cross-linking problems, and are best-suited alternatives for gelatin capsules. In addition, HPMC capsules have higher oxygen permeability, are easy to swallow, and can mask the foul taste of capsule contents. These capsules have fast-dissolving ability, and increasing adoption of vegetable capsules, rising prevalence of various diseases, advancements in drug delivery techniques are some key factors boosting global market revenue growth.
The growth of the global vegetable (HPMC) capsule market has been stable, but some factors are expected to hamper market growth to some extent going ahead. Vegetable (HPMC) capsules are more expensive as compared to gelatin capsules as various ingredients are included during their production. The cost of manufacturing HPMC capsules is also higher, and it requires special care while handling as the capsule walls are weak. In addition, these capsules require a longer time to dissolve in the system. These are some factors that could be expected to negatively impact market growth to some extent over the forecast period.
The global market is segmented into HPMC with gelling agent and HPMC without gelling agent. The HPMC with gelling agent is projected to account for significant revenue growth throughout the forecast period. The HPMC capsules are often incorporated with a gelling agent to avoid sensitive constituents from dissolving in the acidic environment of the stomach. They also help in taste masking and acid resistance to prevent gastric reflux.
The global vegetable (HPMC) capsule market is segmented into pharmaceutical and health supplements based on application. The pharmaceutical segment is expected to account for a substantially large revenue share over the forecast period. HPMC is one of the most commonly used substitutes for popular gelatin capsules as it helps in more comfortably delivering medicines with unpleasant smell and taste and can be used as a visualizing agent, binder, and coating polymer for enhanced solubility.
North America is expected to dominate other regional markets in the global vegetable (HPMC) market over the forecast period. Presence of significantly well-established companies, rising adoption of veganism, rapid technological advancements in various fields and studies, and rapid growth of the pharmaceutical sector are some key factors boosting North America market growth. In addition, increasing investments in research and development activities and increasing public focus on preventive testing and regular health checkups are factors further fueling North America market growth.
Asia Pacific is expected to register the fastest revenue CAGR between 2021 and 2028. Factors such as significantly large patient pool, prevalence of various diseases, and relatively higher preference for plant-based or organic-based products among consumers are boosting demand for vegetable (HPMC) capsules.
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