1.Capsule Type Analysis.
Among the types of capsules segment, the vegetable capsules segment is expected to grow at the highest CAGR during the forecast period. Increasing demand for non-animal-based products and the advantages of these capsules over gelatin-based products such as low hygroscopicity, physical stability, stability over different temperature and humidity ranges, and low moisture content are expected to drive the growth of this segment.
2.Capsule Performance Analysis.
Rapid release capsules (short disintegration time) will play a vital role in the capsules segment as the common release capsules are widely used in the manufacturing of antibiotics, antimicrobials, antacids, pain relievers, inhalants, cold and cough medication formulations, and dietary supplements. In addition, immediate-release capsules are the most commonly prescribed capsules for the treatment of various diseases and disorders.
3.Capsule Application Analysis.
The dietary supplements segment is expected to witness the highest CAGR during the forecast period and the dietary supplements segment is expected to witness a faster growth rate in this market. Factors such as rising health awareness and affordability in emerging countries (e.g. India, China, and Brazil), increasing prevalence of lifestyle diseases, and increasing use of vitamin capsules as over-the-counter drugs are contributing to the growth of this segment.
