The report of Middle East and Africa Capsule Market by Market Research Future comprises
of extensive primary research along with detail analysis of qualitative as well as quantitative
aspects by various industry experts and key opinion leaders to gain a deeper insight of the
market and industry performance. Capsules are empty shells used to enclose active drugs
for protecting them or to make the medication more palatable. The capsuled dosage forms
can also be used as suppositories or for local application by pinching them to release the
active drug. Capsules have been viewed as the most efficient method of taking nauseating
and bitter tasting medications.
The Middle East And Africa Capsule Market is growing at a good rate. The market’s driving
factors are rising demand for vegetarian and halal-based capsules, growing consumer
preference towards capsule-based formulations, growing use of capsules in the
pharmaceutical and neutraceuticals. Other factors driving the growth of capsules are ease of
use, greater patient conformance and technological advancements such as delayed released
and modified release capsules. Development of non-gelatin capsules such as those made
from hydroxypropyl methyl cellulose (HPMC), starch based etc. are further driving the
market. Growing use of soft gelatin capsules such as suppositories is another factor
affecting the market positively. On the basis of segmentation, the development of
veterinary drug market is driving the growth of the Middle East and Africa capsule market.
The market’s constrains include high cost of vegetable capsules, low tamper resistance of
capsules as compared to tablets, higher cost of formulation as compared to tablets among
others. However the critical threat for the capsule industry remains outbreaks of diseases
such as bovine spongiform encephalopathy (BSE) which has resulted in temporary scarcity
of healthy raw material thereby pushing raw material’s costs. Societal and religious
considerations have also impacted the industry negatively. Another restraint is strict and
tightened regulations. For example, many European nations such as France has imposed
immediate ban on bovine gelatin until EU safety guidelines were put into practice.
The capsule industry has responded and current market trends include shift towards
vegetarian substitutes such as carrageenan, agar, and starch based capsules.
Taking all factors into consideration, we expect the Middle East and Africa capsule market to
reach around $365.44 million in 2022 from $224 million in 2015 growing at a CAGR of 8.5
%.
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Key Players for Middle East and Africa Capsule Market:
ACG Associated Capsules, Capsugel, Qualicaps, Suheung, Roxlor LLC, Medi-Caps Ltd,
Suheung Co. Ltd and others.
Segments: