The Global Vegetable Capsules Market Size accounted for USD 486.5 Million in 2022 and is projected to achieve a market size of USD 1,013.6 Million by 2032 growing at a CAGR of 7.7% from 2023 to 2032.
Vegetable Capsules Market Key Highlights
Vegetable capsules are made of plant-based materials, usually cellulose or pullulan, and are used as an alternative to traditional gelatin capsules. These capsules are popular among vegetarians, vegans, and those who prefer plant-based products. Vegetable capsules are also considered more environmentally friendly than gelatin capsules because they are biodegradable and do not come from animal sources.
The market for vegetable capsules has been growing steadily in recent years. One of the main drivers of this growth is the increasing demand for natural and plant-based products. As more people become aware of the environmental and health benefits of plant-based products, the demand for vegetable capsules is expected to continue to rise. In addition, the dietary supplement industry, which is a major consumer of capsules, has been growing rapidly in recent years, further driving demand for vegetable capsules. North America is the largest market for vegetable capsules, followed by Europe and the Asia Pacific. The growth in these regions is driven by the increasing awareness among consumers regarding the health benefits of plant-based products, as well as the growing demand for natural and organic products.
Global Vegetable Capsules Market Trends
Vegetable Capsules Market Report Coverage
|Vegetable Capsules Market
|Vegetable Capsules Market Size 2022
|USD 486.5 Million
|Vegetable Capsules Market Forecast 2032
|USD 1,013.6 Million
|Vegetable Capsules Market CAGR During 2023 - 2032
|Vegetable Capsules Market Analysis Period
|2020 - 2032
|Vegetable Capsules Market Base Year
|Vegetable Capsules Market Forecast Data
|2023 - 2032
|By Product Type, By Application, By End-Use Industry, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|CapsCanada Corporation, ACG Worldwide, Suheung Co. Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Qualicaps LLC, Capsugel Belgium NV, Qingdao Yiqing Medicinal Capsules Co. Ltd., Roxlor LLC, Medi-Caps Ltd., Sunil Healthcare Limited, Natural Capsules Limited, and Vcaps Pvt. Ltd.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Vegetable capsules are derived from pullulan, a safe, water-soluble polysaccharide. Such vegetable capsules are preservative-free, gluten and starch free, and completely biodegradable. Vegetable capsules are vital in order to get one’s daily dose of essential oils. The market for vegetable capsules is expected to grow enormously as they are rapidly replacing hard-shell gelatin capsules and also helping to meet the dietary and cultural needs of vegetarians. Furthermore, various pharmaceutical companies are establishing long-term contracts with vegetable capsule manufacturers for competitive pricing, which would in turn boost market growth.
The market for vegetable capsules is growing at a significant pace. These capsules are helpful in masking odors and bad taste; easy to swallow; and readily dissolvable. In addition, vegetable capsules can be used for a variety of products, which are moisture-sensitive, hygroscopic, and liquid formulations. The vegetable capsules market has completely taken over hard gelatin capsules due to various benefits associated with the former. Major consumer populations have claimed vegetable capsules to be ideal for improving the bioavailability of oil-soluble ingredients, superior in disintegration properties to other non-animal technologies, and extremely stable in hot climates with no stickiness attributes. Hence, these factors altogether would propel the growth of the global vegetable capsule market. However, the high price of such capsules might hinder the growth of the market in long run.
Vegetable Capsules Market Segmentation
The global vegetable capsules market segmentation is based on product type, application, end-use industry, and geography.
Vegetable Capsules Market By Product Type
According to the vegetable capsules industry analysis, the pullulan-based capsules segment is expected to witness the highest growth rate during the forecast period. Pullulan is a natural, water-soluble polysaccharide that is produced by the fermentation of starch. It is a popular alternative to gelatin for the production of capsules due to its excellent film-forming and encapsulation properties. Pullulan capsules are considered a premium product in the vegetable capsule market due to their unique properties and superior quality. The pullulan capsules segment is expected to experience significant growth in the vegetable capsule market due to their increasing demand in the pharmaceutical and nutraceutical industries. Pullulan capsules are highly compatible with a wide range of formulations, including those that are sensitive to moisture and oxygen. This makes them a preferred choice for the encapsulation of pharmaceuticals and nutraceuticals that require stable and high-quality packaging.
Vegetable Capsules Market By Application
In terms of application, the vitamins and dietary supplements segment is expected to witness significant growth in the coming years. As consumers become more health conscious, the demand for dietary supplements is increasing. The use of vegetable capsules for the encapsulation of vitamins and dietary supplements has several advantages over gelatin capsules, including their natural origin, non-GMO, and vegan-friendly properties. Vegetable capsules, including those made from pullulan, are highly compatible with a wide range of formulations, including vitamins and dietary supplements. They are also more stable and resistant to moisture and oxygen, which can degrade the quality of the supplements over time. As a result, the use of vegetable capsules in the encapsulation of vitamins and dietary supplements is becoming more popular and is expected to continue to grow in the coming years.
Vegetable Capsules Market By End-Use Industry
According to the vegetable capsules market forecast, the nutraceutical industry segment is expected to witness significant growth in the coming years. Nutraceuticals are food products that provide health benefits beyond basic nutrition, and include dietary supplements, functional foods, and medicinal foods. The use of vegetable capsules in the nutraceutical industry is increasing due to their natural origin, non-GMO, and vegan-friendly properties, as well as their ability to encapsulate a wide range of nutraceutical ingredients. Vegetable capsules, particularly those made from pullulan, are highly compatible with a wide range of nutraceutical formulations. They are also more stable and resistant to moisture and oxygen, which can degrade the quality of nutraceutical ingredients over time. As a result, the use of vegetable capsules in the nutraceutical industry is becoming more popular and is expected to continue to grow in the coming years.
Vegetable Capsules Market Regional Outlook
The Middle East & Africa
Vegetable Capsules Market Regional Analysis
North America is currently dominating the vegetable capsules market due to several factors. One of the key drivers of growth in the region is the high demand for natural and plant-based products, including dietary supplements and nutraceuticals. Consumers in North America are increasingly seeking products that are natural, non-GMO, and eco-friendly, and vegetable capsules are seen as a preferred alternative to gelatin capsules due to their natural origin, biodegradability, and vegan-friendly properties. Moreover, North America has a highly developed pharmaceutical and dietary supplement industry, which is driving demand for vegetable capsules. The region is home to many major pharmaceutical and dietary supplement companies, which are increasingly adopting vegetable capsules in their products. In addition, the regulatory environment in North America is highly favorable to the use of vegetable capsules, with strict regulations in place for the use of gelatin capsules in certain applications.
Vegetable Capsules Market Player
Some of the top vegetable capsules market companies offered in the professional report include CapsCanada Corporation, ACG Worldwide, Suheung Co. Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Qualicaps LLC, Capsugel Belgium NV, Qingdao Yiqing Medicinal Capsules Co. Ltd., Roxlor LLC, Medi-Caps Ltd., Sunil Healthcare Limited, Natural Capsules Limited, and Vcaps Pvt. Ltd.
The market size of vegetable capsules was USD 486.5 Million in 2022.
The CAGR of vegetable capsules is 7.7% during the analysis period of 2023 to 2032.
The key players operating in the global market are including CapsCanada Corporation, ACG Worldwide, Suheung Co. Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Qualicaps LLC, Capsugel Belgium NV, Qingdao Yiqing Medicinal Capsules Co. Ltd., Roxlor LLC, Medi-Caps Ltd., Sunil Healthcare Limited, Natural Capsules Limited, and Vcaps Pvt. Ltd.
North America held the dominating position in vegetable capsules industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of vegetable capsules during the analysis period of 2023 to 2032.
The current trends and dynamics in the vegetable capsules industry include increasing demand for plant-based and natural products, growth in the dietary supplement industry, and rising health awareness among consumers.
The nutraceutical industry held the maximum share of the vegetable capsules industry.