Research Nester has released a report titled “Starch Capsule Market – Global Demand Analysis & Opportunity Outlook 2028″which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The Organisation for Economic Co-operation and Development (OECD), in one of its statistics stated that in the United States pharmaceutical spending increased from 1198 USD/capita to 1220 USD/capita in-between 2015 and 2017.
The statistics portray the increasing spending by government of nations worldwide for the advancements in the healthcare industry by setting up research and development centers that focus on developing advanced pharmaceutical products, such as starch capsules, which are known to possess several benefits over its available alternatives. Further, increasing geriatric population globally, and the need for quality health services globally is raising the adoption of advanced pharmaceutical products, such as starch capsules, which is known to possess efficient alternative delivery system for orally administered compound, coupled with the factors such as 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.
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The global starch capsule market is anticipated to achieve a CAGR of 10.64% during the forecast period, i.e. 2021-2028. The market is thriving on account of the increasing healthcare expenditure in various countries across the world, increasing use of starch capsules in the pharmaceutical as well as nutraceutical sector, along with the fact that the capsule that are made with starch possess higher burst strength and elasticity. Additionally, the market is expected to grow by 2.03x and gain an incremental $ opportunity of USD 35.09 million in the year 2020 as compared to the previous year. Further, 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 gain an absolute $ opportunity of USD 441.16 million during the forecast period.
The global starch capsule market is segmented by application into health supplements, cardiovascular drugs, sedatives, analgesics and others. Among these segments, the health supplement is anticipated to display significant growth opportunities throughout the forecast period owing to the growing 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. Moreover, the shifting preferences of people towards the vegetarian capsules instead of hard-shell gelatin capsule is expected to impact the market positively.
Geographically, the global starch capsule market is segmented by five major regions into North America, Europe, Middle East & Africa, Asia-Pacific and Latin America region. The starch capsule market in China is expected to grow at the highest rate. On the other hand, the market in nations such as US, Germany, China, UK & Japan are presently capturing the largest markets, and are driven 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.
However, concerns for 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 restrict the growth of the global starch capsule market.
This report also studies existing competitive scenario of some of the key players of the global starch capsule market, which includes 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.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Starch Capsule Market – Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall starch capsule industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global starch capsule market in the near future.
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