Animal Gelatin Capsule Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027
The global animal gelatin capsule market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to fuel the market growth includes the increase in popularity of capsules over other drug delivery forms and an increase in strategic collaborations between empty capsule suppliers and gelatin manufacturers. Moreover, rapid advancements in capsule delivery technologies are set to supplement the market growth. However, ethical concerns, price fluctuations regarding gelatin material, and stringent regulations in the pharmaceutical industry are expected to hamper the market growth.
Gelatin capsules, often known as gel caps are made of gelatin
derived from animal skin or bone collagen. Gelatin, a pure protein, is
tasteless, gluten-free, and GMO-free, and it provides a safe oral dosage form
that provides customers a pleasant experience. It enables manufacturers to
modify based on color, shape, or size to satisfy the needs of active filling
and targeted demographics. Gelatin also allows for diverse release profiles,
ranging from enteric (slow) release to rapid release of the active fill,
enabling producers to accommodate a wide range of fillings while satisfying
customer demands.
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In addition, the rise in the
adoption of sedentary lifestyles by urban consumers globally, particularly in
developed areas, has fuelled the demand for nutraceuticals, which is another
major factor for the market in the coming years. Apart from nutraceuticals,
expansion of the pharmaceutical industry and cosmetics sector offers
significant opportunities for the global animal gelatin capsule market.
Moreover, the rise in popularity of capsules over alternative drug delivery
forms as well as an increase in strategic alliances between empty capsule
providers and gelatin producers is a significant factor that is anticipated to
boost the growth of the market.
Market
Coverage
• The market number available
for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
·
By Type
·
By Application
• Regions covered-
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North America
·
Europe
·
Asia-Pacific
·
Rest of the World
• Competitive Landscape:
Lonza Group Ltd., Amway Corp., and Catalent, Inc., among others.
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Global Animal Gelatin Capsule Market Report by Segment
By Product
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Bovine
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Ovine
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Caprine
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Others
By Type
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Hard Shelled Capsules
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Soft Shelled Capsules
By Application
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Pharmaceuticals
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Health Supplements
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Cosmetics
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Others
Global Animal Gelatin Capsule Market Report by Region
North America
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United States
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Canada
Europe
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UK
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Germany
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Spain
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France
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Italy
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Rest of Europe
Asia-Pacific
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India
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China
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Japan
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South Korea
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Rest of APAC
Rest of the World
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Latin America
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Middle East & Africa
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