Research Nester has released a report titled “Starch Capsule Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global starch capsule market in terms of market segmentation by application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global starch capsule market is segmented by application into health supplements, cardiovascular drugs, sedatives, analgesics and others. The health supplement is anticipated to display significant growth opportunities throughout the forecast period, i.e. 2021-2028 on the back of increasing number of people preferring dietary supplements to address various nutritional deficiencies or as immunity boosters, which is also resulting in the rise in demand for capsules to accommodate the consumer driven requirement. Additionally, the shifting preferences of people towards the vegetarian capsules instead of hard-shell gelatin capsule is expected to impact the market positively.
The global starch capsule market is anticipated to achieve a CAGR of 10.64% during the forecast period. Increase in the use of starch capsules in the pharmaceutical as well as nutraceutical sector, coupled with the factors such as the increasing healthcare expenditure in various countries across the world, and the fact that the capsule that are made with starch possess higher burst strength and elasticity, which is also projected to fuel up the growth of the market in various regions across the world. The market is expected to garner USD 869.69 million by the end of 2028 from USD 354.45 million in the year 2019 and further to gain an incremental $ opportunity of USD 35.09 million in the year 2020 as compared to the previous year. Additionally, the market is also expected to grow by 2.03x and further gain an absolute $ opportunity of USD 441.16 million during the forecast period.
Regionally, the global starch capsule market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in nations such as US, Germany, China, UK & Japan are presently capturing the largest markets. The market in China, on the other hand, is expected to grow at the highest rate, backed by the rising awareness among people regarding nutritional deficiencies, rising incidences of various disorders, immune deficiencies, rising geriatric population, along with favorably changing regulatory landscape.
Increasing Advancements in the Healthcare Sector
In the statistics by the Organisation for Economic Co-operation and Development (OECD), pharmaceutical spending in the United States peaked to 1220 USD/capita in the year 2017 from 1198 USD/capita in the year 2015.
The healthcare sector around the world has observed significant advancements backed by the increasing spending of the government of nations globally for the development of the sector. Moreover, the increasing geriatric population around the world and the need for quality healthcare services are some of the factors that are contributing to the greater adoption of starch capsules. Additionally, several benefits associated with starch capsules, such as efficient alternative delivery system for orally administered compound, along with the shift in the preferences of customers for the consumption of starch capsules over other available alternatives are some of the factors anticipated to drive the growth of the global starch capsules market.
However, concerns regarding the high cost of production of starch capsules, along with factors such as the lack of consumer awareness, changing production technologies and the quality standards are some of the factors anticipated to limit the growth of the global starch capsule market.
This report also provides the existing competitive scenario of some of the key players of the global starch capsule market, which includes company profiling of Lonza (SWX: LONN). Additionally, the market is driven by several affluent industry leaders which manufacture different types of capsules. These capsule manufacturers are increasingly investing on to develop and adapt new technologies for expanding their existing product portfolio. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global starch capsule market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.