Halal Empty Capsules Market worth $1.55 billion by 2029
The report "Halal Empty Capsules Market by Type (Gelatin, Non-gelatin), Application (Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry), Competitive Landscape, Region (North America, Europe, APAC, LATAM, Middle East & Africa) - Global Forecast to 2029", is projected to to expand to a value of USD 1.55 billion by 2029 from USD 1.19 billion in 2024, with a significant CAGR of 5.4%. Some of the prominent factors driving the growth of market are increased adoption of halal-certified and clean label products among the consumers and enforcement of halal compliance rules in some countries like Malaysia, Indonesia, Saudi Arebia has created surge in demand for halal certified empty capsules.
Browse 123 market data Tables and 40 Figures spread through 154 Pages and in-depth TOC on "Halal Empty Capsules Market by Type (Gelatin, Non-gelatin), Application (Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry), Competitive Landscape, Region (North America, Europe, APAC, LATAM, Middle East & Africa) - Global Forecast to 2029"
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The gelatin segment accounted for the dominant share in 2023.
Based on type, the market is segmented into gelatin and non-gelatin halal empty capsules. The gelatin segment dominated the market in 2023. Gelatin halal capsules dominated the market due to widespread use of the product, affordability, and ease of production. Furthermore, due to the superior dissolving properties and bioavailability gelatin capsules are in high demand in pharmaceutical industry this factor is growing demand for the halal empty capsules subsequently driving the market growth.
Nutraceutical industry is likely to grow at significant CAGR during the forecast period for 2024-2029.
Based on the end user, the market is divided into pharmaceutical, nutraceutical and other end users. The pharmaceutical industry dominated the market in 2023 owing to increased demand for halal pharmaceuticals globally and extensive use of empty capsules in the encapsulating various drug formulations. Nutraceutical industry is likely to grow at faster pace owing to growing regulatory support for halal certification in the nutraceutical industry and growing focus on health and wellness.
North America: The region dominated halal empty capsules market.
Based on region the halal empty capsules market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the market owing to presence of key market and increasing adoption of halal certified products in the supportive regulatory framework and technological advancements is further likely to give momentum to the market growth. Furthermore, Furthermore, well-established pharmaceutical and nutraceutical industries are adopting halal capsules for product expansion catering to the growing demand for halal-certified products and increased investment in research and development to develop new formulations using halal capsules are some of the factors spuring growth of the market in North America.
Prominant players operating in the halal empty capsule market include Lonza (Switzerland), ACG (India), Qualicaps (Roquette Freres) (US), Suheung Co. Ltd. (South Korea), Shanxi Guangsheng Capsule Limited (China), CapsCanada (Lyfe Group) (US), HealthCaps India (India), Nector LifeSciences Ltd. (India), Sunil Healthcare (India), and Natural Capsules Limited (India) among others.
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