Research Nester published a report titled “Starch Capsules Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global starch capsules market in terms of market segmentation by material-blended, form, size, application, product, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
Starch capsules are a type of capsule which are used as an alternative to the conventional gelatin-based and whose raw material is made of starch. The global starch capsules market is segmented by source material into pectin, carrageenan, agar, gelatin and others, out of which, the gelatin blended capsules segment, which is widely used by manufacturers in the pharmaceutical and nutraceutical industries, is anticipated to touch USD 795.91 million by the end of 2028. Gelatin blended capsules possesses numerous favorable properties, such as lower melting point, superior mechanical resistance and others, which is why they are used widely by the manufacturers.
The global starch capsules market is anticipated to grow with a CAGR of 5.14% during the forecast period, i.e. 2021-2028. In the year 2019, the market registered a value of USD 933.49 million and it is further projected to reach USD 1444.46 million by the end of 2028. The market is thriving on account of the growing use of starch capsules in the pharmaceutical and nutraceutical sector, increasing technological innovations and the increasing incidences of various diseases among others.
Regionally, the global starch capsules market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa, out of which, the market in North America held the highest share of 37.96% in the year 2019. The growth of the market in this region can be attributed to the increasing preference for soft gel capsules by the healthcare practitioners in the region, along with the growing nutraceutical and pharmaceutical industry. The market is primarily driven by the United States, which is projected to reach USD 486.52 million by 2028.
Global Starch Capsules Market to be Driven by the Surge in Healthcare Expenditure and Increasing Incidences of Cardiovascular Diseases
The Peterson-KFF Health System Tracker, in one of its statistics, stated that in the United States, the total national health expenditure increased from USD 2593.16 billion in the year 2010 to USD 3649.386 billion in the year 2018.
The healthcare industry has observed remarkable investments from both public and private entities to aid research and developments and therefore develop a strong healthcare infrastructure. Backed by the rising ageing population and the increase in cost of medical services among others, the healthcare spending has also increased significantly in the recent years. Yet, with such advancements, there is a growing need for advanced pharmaceutical products, such as starch capsules, which is anticipated to drive the market growth. Moreover, with the increase in the number of people suffering from cardiovascular diseases, there is a growing demand for the use of advanced pharmaceutical products that can cure these diseases at a fast rate, which in turn is anticipated to drive the growth of the global starch capsules market in the years to come.
However, concerns regarding the rigid entry barriers in the starch capsules market owing to the stringent regulatory norms of the government of nations worldwide, along with the huge investments required for setting up the production plant for the manufacturing of starch capsules are anticipated to lower the growth of the global starch capsules market.
This report also provides the existing competitive scenario of some of the key players of the global starch capsules market, which includes company profiling of Capsugel (a Lonza Company), Farmacapsulas S.A., Dah Feng Capsule Industry Co., Ltd., ACG, Meihua Holdings Group Co., Ltd. (SHA: 600873), GoCaps, Shaoxing Kangke Capsule Co., Ltd., and Suheung Co., Ltd. (KRX: 008490). 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 capsules 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.