The global Vegetable capsule market is witnessing a significant growth due to an increasing adoption of formulation designs in both nutraceutical as well as pharmaceutical industries. Manufacturers are earning high revenues from the pharmaceutical industries by providing vegetarian capsules, with an effective physiological property such as low moisture content and liquid filling technology.
Global Vegetable (HPMC) Capsule Market: Drivers
With increasing demand for halal-certified products from Muslims populated countries is likely to grow the demand for the HPMC capsules in the market. Despite high prices, the demand for vegetarian capsules has increased which is ultimately creating positive impact on the global vegetable (HPMC) capsule market. Nutraceutical and pharmaceutical companies have entered into long-term contracts with vegetarian (HPMC) capsules manufacturing units for exports and imports across the globe is one of the trends that is expected to propel the growth of the market.
Moreover, pharmaceutical and nutraceutical companies are showing interest towards the vegetarian (HPMC) capsules to avoid production problems such as limited preparation with gelatin capsules and drug gelatin interactions. This lead to an increase in the demand for the product during the projected period.
Global Vegetable (HPMC) Capsule Market: Segmental Analysis
The global vegetarian HPMC capsules are segmented into product type and applications. On the basis of application, the vegetarian capsules market is segmented into Health Supplements and Pharmaceutical. The pharmaceutical segment is likely to grow remarkably by the end of 2025 and it is expected to be the most lucrative segment in the vegetarian capsule market.
On the basis of product type, the market is further segmented into HPMC without a gelling agent and HPMC with a gelling agent.
Global Vegetable (HPMC) Capsule Market: Regional Analysis
Europe and North America are expected to lead the market for vegetarian (HPMC) capsules in terms of market share. North America is likely to be impacted by the well-defined harmonized regulations and product labeling. Europe is expected to witness a rising preference for the capsules with clean labels. The Asia Pacific is also likely to anticipate the growth of the market in the coming years, while the Middle East and Africa are expected to show steady growth over the coming decades.
Global Vegetable (HPMC) Capsule Market: Key Players
The top players operating into the global market for vegetarian HPMC capsules are Sunil Healthcare, Capsugel, Lefan Capsule, ACG Associated Capsules, Qingdao Capsule, Qualicaps, Suheung Capsule, Shanxi GS Capsule, and CapsCanada. The manufacturers are opting for various key strategies to enhance their product’s quality in the market such as increasing investment in research and development activities and new product entrants. Several mergers and acquisitions have also done to develop the product in the market across the globe.
Sunil Healthcare standalone net profit declines to 63.33% in the end of December 2018 quarter
The net profit of Sunil Healthcare has declined to 63.33% to Rs 0.22 Cr. in 2018 December quarter. In the December quarter of 2017, net profit was Rs 0.60 Cr. In the 2018 December quarter, sales declined at 4.89% to Rs 21.80 crore as against December quarter 2017 was Rs 22.92 Cr. Particulars of the December quarter ended 2018 and December 2017 Value added resellers percent sales is 21.8022.92 -5 Operational Performance Management % 15.9214.70 -Profit Before Depreciation and Tax 1.802.54 – 29 Profit Before Tax 0.331.39 – 76 Net Profit 0.220.60 -63.