According to the report Latin America Empty Capsules Market, published by Market Data Forecast, the global market is projected to reach USD 234.87 million by 2021, at a CAGR of 7.6% from 2016 to 2021.
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Empty Capsules are generally made from Gelatin, which is derived from plant or animal origin. These are used as dosage form for prescription and OTC drugs, nutrient supplements and herbal products.
Most people do not give too much thought to empty gelatin capsules. Unless you take an awful lot of medication or you are into herbal supplements, you probably don't have reason to think twice about gel caps.
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The main benefit that many users gain from purchasing empty capsules is the ability to personalise their supplement regimens. This means mixing particular herbal formulas, for example, which are not available in retail form.
While it is possible to fill each capsule by hand, it is also quite time consuming. Rather, many users prefer the convenience of capsule filling machines.
These machines fit all different capsule sizes and automatically fill them at a rate of about a dozen or more per minute. Though a capsule filler is an investment initially, over time it evens out in the savings earned by making your own supplements.
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Latin America Empty CapsulesMarket: Drivers & Restraints
Latin America global empty capsules market is driven by growing applications in pharmaceutical and nutraceutical companies. Growing consumer preference towards capsule based formulations is also a major factor supporting the market growth.
However increasing raw material costs, strict regulatory frameworks and issues concerned with the consumption of capsules containing animal derived components are some of the key restraining factors for the market.
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Latin America Empty Capsules Market: Segmentation
By Product Type
- Gelatin Capsules
- Non Gelatin Capsules
By Therapeutic Applcation
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Antianemic Preparations
- Anti-Inflammatory Drugs
- Cardiovascular Therapy Drugs
- Cough and Cold Preparations
- Other therapeutic applications
By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Research Laboratories
From simple data collation through secondary and primary research toad-hoc research requests relating to specific information. Get report at http://www.marketdataforecast.com/market-reports/latin-america-empty-capsules-market-444/customize-report
Latin America Empty CapsulesMarket: Overview
Gelatin Capsules is the largest product segment accounting for a share of approximately 80% whereas Non-Gelatin capsules is estimated to be the fastest segment with a CAGR of XX% due to increasing preference for vegetable origin capsules. Dietary supplements and vitamins segment is expected to be the fastest growing therapeutic application segment.
Some of the prominent trends that the market is witnessing include increasing demand for empty capsules in nutraceutical industry, increasing investments in research & development, and recent technological developments of empty capsules.
In mature markets, where innovative drug products are developed, capsules are favoured due to dose flexibility, product differentiation and speed-to-market. Moreover, innovative drug delivery technologies, for bio enhancement through spray drying and modified or dual release using pellet technology, are further driving preference.
This combination of the capsule dosage form with drug delivery technology is one of the most exciting opportunities to deliver personalized and patient-centric drug products through tailored dosing and reduced therapeutic complexity.
Latin America Empty Capsules Market: Region-wise Outlook
Based on geography Latin America empty capsules market is segmented into various regions namely Brazil, Argentina and Mexico. Within Latin America Brazil is the largest market for Empty Capsules accounting for a share of approximately XX%.
Key Questions Answered
- What is the current and future Empty Capsules market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the empty capsules space in Latin America?
- What are the key, high growth markets that empty capsules manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the empty capsules currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of empty capsules?
- What are the challenges and barriers that have hindered widespread adoption of empty capsules?
Latin America Empty Capsules Market: Key Players
Some of the major companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited.
Reasons to access Latin America Empty Capsules Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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