Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 548 Million | USD 1,162 Million | 9.85% | 2022 |
FrequentlyAsked Questions
Vegetable (HPMC) capsules are made up of plant-sourced compounds, namely, hydroxypropyl methylcellulose (HPMC). Hydroxypropyl methylcellulose (HPMC) or Hypromellose is derived from wood pulp and, generally, consists of partly methylated & hydroxypropylated cellulose units.
The global vegetable (HPMC) capsule market cap may grow owing to the rising demand & development for plant-based capsules, across the globe. Significant growth opportunities can be expected due to the increasing research & development in the pharmaceutical industry.
According to study, the global vegetable (HPMC) capsule market size was worth around USD 548 million in 2022 and is predicted to grow to around USD 1,162 million by 2030.
The CAGR value of the vegetable (HPMC) capsule market is expected to be around 9.85% during 2023-2030.
The global vegetable (HPMC) capsule market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of a large pool of pharmaceutical & nutraceutical manufacturing companies.
The global vegetable (HPMC) capsule market is led by players like ACG, Bright Caps GmbH, CapsCanada (Lyfe Group), Dah Feng Capsule (DFC), Erawat Pharma Limited, Evonik Industries AG, Lefancaps, LTD., Lonza, NATURAL CAPSULES LIMITED, Qingdao Yiqing Biotechnology Co., Ltd., Qualicaps, Shaanxi Genex Bio-Tech Co., Ltd, Shanxi Guangsheng Capsule Co., Ltd., Shaoxing Zhongya Capsule Co., Ltd., SILVACO A/S, SUHEUNG, Sunil Healthcare Limited, and Vivion.
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