Latin America Empty Capsules market Size and Growth Rate:
In 2018,
the Latin America empty
capsules market was estimated at $188.18 million and is expected to grow at a
CAGR of 7.6% from 2018 to 2025, reaching $271.42 million by 2025.
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Empty Capsules Market @ https://www.researchcosmos.com/reports/latin-america-empty-capsules-market/33574345
Latin America Empty Capsules market overview:
Capsules
are relatively stable containers that contain encapsulating agents that are
administered in various dosage forms. Of the available forms, it is expected
that vegetable/non-gelatinous capsules will have a significant demand during
the next years. This is explained by the consumer preferences for natural or
non-natural sources.
Solid-shaped
capsules favor predominantly aging populations for the following reasons: These
forms of dissolution are faster than other forms of herbs and dissolve gastrointestinal
irritation quickly and easily. Chronic diseases associated with an increase in
the elderly represent a high demand for the production of therapeutically
effective drugs for the treatment of chronic diseases. Most consumers prefer
capsules due to their rapid degradation rate, which increases the absorption
rate and uses a tart-free and odorless gelatin coating.
Latin America Empty Capsules market Growth Drivers and Restraints:
The main
growth drivers in Latin America market are the increase in the elderly
population, the increase in the demand for empty capsules in the
pharmaceutical, functional and cosmetic industries, and a greater preference
for consumers for refined capsules. It is expected that ethical concerns,
fluctuations in the prices of jellies and the strict regulations of the
pharmaceutical industry make it difficult for market growth. In addition, the
companies will have to face the need to cope with the problem by emphasizing
non-pesticide capsules, such as the mass market where most vegetarian consumers
negatively perceive animal jelly. Also, price increases for raw materials and
cultural and religious issues related to the consumption of capsules containing
inactive ingredients of animal origin, such as pork capsules and cattle gelatin
bags, limit growth of this regional market.
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Overall,
there is a clear increase in demand for soft gelatin capsules worldwide, and it
is wise to find a way to develop in this region. There is no profitability in
the world market for empty capsules, but we must respond to the need for
stronger regulation and initial investment in R&D and manufacturing
facilities. However, pharmaceutical companies have more opportunities to expand
their markets, since they invest more money in developing countries.
Latin America Empty Capsules market Geographical Segmentation:
Based on
geography, the market for Latin America empty capsules is segmented into Brazil,
Argentina and Mexico. Brazil recorded an 11.6% turnover, with growth in the
functional food and cosmetics industry for health and consumer awareness of
high nutritional value products.
Key players of the Latin America Empty Capsules market:
The main
players in this market are ACG Associated Capsules Pvt; (Banner Pharmacaps,
Inc.), Capsugel, Inc, Roxlor LLC and subsidiaries Healthcare Inc, and Sunil
Healthcare Ltd. (Sunloc).
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