North America Vegetarian Capsules Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Analysis - by Product [Hydroxypropyl Methylcellulose (HPMC), Pullulan, and Others], Application (Antibiotic and Antibacterial Drug, Vitamin and Dietary Supplement, Anti Inflammatory Drugs, Cardiovascular Therapy Drugs, Antacid and Antiflatulent Preparation, and Others), Functionality (Immediate Release Capsules, Sustained Release Capsules, and Delayed Release Capsules), and End User (Pharmaceutical Companies, Nutraceutical Companies, Contract Manufacturing Organizations (CMOs), and Cosmeceutical Companies)

No. of Pages: 90
Report Code: BMIRE00030937
Category: Life Sciences
North America Vegetarian Capsules Market
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The North America vegetarian capsules market was valued at US$ 503.63 million in 2023 and is expected to reach US$ 976.33 million by 2031; it is estimated to register a CAGR of 8.6% from 2023 to 2031.

Rising Preference for Vegan Capsules Over Gelatin-Based Capsules Fuels North America Vegetarian Capsules Market

 

The majority of pharmaceutical companies are procuring vegetarian capsules over animal-derived capsules as they have low moisture content and better stability for hygroscopic compounds. For many years, there have been medical, religious, cultural, and ethical concerns about adding animal substances to capsule coatings or formulations in pharmaceutical medicines. Also, some consumers expressed concerns over the use of animal-derived pharmaceutical medicines due to the associated healthcare risks. In July 2023, the Center for Disease Control and Prevention (CDC) published a report for Alpha-gal syndrome (AGS) patients to limit the consumption of animal-derived medicines and supplements, as 75% of these medications contain animal-sourced ingredients. Also, AGS patients revealed serious allergic reactions after consuming medications or supplements that include mammalian-derived ingredients. Such instances have raised interest among the manufacturers to produce animal-free medications and supplements.

 

Comparative Analysis Between Gelatin Capsules and Vegetarian Capsules

 

Factors

Gelatin Capsules

Vegetarian Capsules

Source

Bovine, Skin, Cow, and Pigs

Plants

Target Audience

Vegan and Nonvegetarian Population

Vegan or Vegetarian Population

Allergy

Allergy Due to Cow and Pig-Based Ingredient

No Allergies

Cross Linking Ingredients

Cross Linking with Other Drug-Drug Derivatives

No Cross Linking

External Ingredients

Preservatives

No Preservatives

 

Currently, the high volume of pharmaceutical capsules available in the market are composed of gelatin. However, the crosslinking of gelatin with drug incompatibilities and strict regulations on the use of animal-derived gelatin have encouraged pharmaceutical manufacturers to replace gelatin components with vegetable-based ingredients. Pharmaceutical manufacturers identified that Hydroxypropyl Methylcellulose (HPMC)-derived vegetarian capsules are a good alternative to gelatin due to its vegetable derived source. Vegicaps soft capsules are the best example of animal-free capsules. The shell is composed of seaweed extract and gluten-free starch containing no modified sugars and artificial colors. Advantages of Vegicaps soft capsules are that they are free from animal derivatives, easy to swallow, soft, natural, and healthier products. In the case of gelatin-based capsules, the shell may get soft and become sticky upon spraying aqueous enteric polymer dispersions or may become brittle due to water evaporation during drying, ultimately losing mechanical stability. However, in HPMC-derived vegetarian capsules, it is less sensitive to aqueous coating, and the capsule shell is hard that avoids leakage of the ingredients.

 

Therefore, rising preference toward vegetarian medicines proves advantageous for the manufacturers to accelerate the production of vegetarian capsules, which drives the North America vegetarian capsules market growth.

 

North America Vegetarian Capsules Market Overview

 

According to data published in the American Osteopathic Association (AOA) report in 2024, in the US more than 4 in 5 American adults (86%) consume vitamins or dietary supplements. The report reveals that American adults consume vitamins or nutraceuticals due to personal needs or recommendations by physicians, friends, or family members. Also, with the rising prevalence of vitamin deficiency, the consumption of nutraceutical supplements such as capsules is high among the US population. The 2023 CRN Consumer Survey on Dietary Supplements shows that almost 74% of adults in the US consume dietary supplements, among which 55% are regular consumers. Some US population is shifting toward vegan diet. Health-conscious vegan consumers look for the “Vegan Trademark” while purchasing nutraceuticals and other dietary supplement products.

 

In the US, the nutraceutical industry provides innovative vegan products to meet rising consumer demand and diverse consumer intake shift toward animal-free dietary supplements. In April 2023, IFF announced the launch of "VERDIGEL SC". The introduction of "VERDIGEL SC" enables manufacturers of vegan soft gels to offer carrageenan-free products that are in high demand in several markets. Softgels are gaining high popularity in the nutritional and supplement sectors, and this new product developed by the IFF offers manufacturers a suitable option to switch to plant-based, carrageenan-free alternatives without disrupting existing production processes and compromising performance and quality.

 

North America Vegetarian Capsules Market Revenue and Forecast to 2031 (US$ Million)

 North America Vegetarian Capsules Market Revenue and Forecast to 2031 (US$ Million)

 

North America Vegetarian Capsules Market Segmentation

 

The North America vegetarian capsules market is categorized into product, application, functionality, end user, and country.

 

Based on product, the North America vegetarian capsules market is segmented hydroxypropyl methylcellulose (HPMC), pullulan, and others. The hydroxypropyl methylcellulose (HPMC) segment held the largest market share in 2023.

 

In terms of application, the North America vegetarian capsules market is categorized into antibiotic and antibacterial drug, vitamin and dietary supplement, anti-inflammatory drugs, cardiovascular therapy drugs, antacid and antiflatulent preparation, and others. The antibiotic and antibacterial drug segment held the largest market share in 2023.

 

By functionality, the North America vegetarian capsules market is segmented into immediate release capsules, sustained release capsules, and delayed release capsules. The immediate release capsules segment held the larger market share in 2023.

 

By end user, the North America vegetarian capsules market is segmented into pharmaceutical companies, nutraceutical companies, contract manufacturing organizations (CMOS), and cosmeceutical companies. The pharmaceutical companies segment held the largest market share in 2023.

 

By country, the North America vegetarian capsules market is segmented into the US, Canada, and Mexico. The US dominated the North America vegetarian capsules market share in 2023.

 

ACG; CapsCanada; Capsugel, Inc (A subsidiary of Lonza Group AG); HealthCaps India; Lefancaps; NATURAL CAPSULES LIMITED; QUALICAPS; Shanxi Guangsheng Medicinal Capsules Co (GS Capsules); Sunil Healthcare Limited; Yasin; and Zhejiang Huili Capsules Co., Ltd. are some of the leading companies operating in the North America vegetarian capsules market.   

North America Vegetarian Capsules Market Strategic Insights

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North America Vegetarian Capsules Market Segmentation Analysis

North America Vegetarian Capsules Market Report Highlights

North America Vegetarian Capsules Report Scope

Report Attribute Details
Market size in 2023 US$ 503.63 Million
Market Size by 2031 US$ 976.33 Million
CAGR (2023 - 2031) 8.6%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Hydroxypropyl Methylcellulose
  • Pullulan
By Application
  • Antibiotic and Antibacterial Drug
  • Vitamin and Dietary Supplement
  • Anti Inflammatory Drugs
  • Cardiovascular Therapy Drugs
  • Antacid and Antiflatulent Preparation
By End User
  • Pharmaceutical Companies
  • Nutraceutical Companies
  • Contract Manufacturing Organizations
  • Cosmeceutical Companies
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • ACG
  • CapsCanada
  • Capsugel, Inc (A subsidiary of Lonza Group AG)
  • HealthCaps India
  • Lefancaps
  • NATURAL CAPSULES LIMITED
  • QUALICAPS
  • Shanxi Guangsheng Medicinal Capsules Co (GS Capsules)
  • Sunil Healthcare Limited
  • Yasin
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North America Vegetarian Capsules Market Country and Regional Insights

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The List of Companies - North America Vegetarian Capsules Market

  1. ACG
  2. CapsCanada
  3. Capsugel, Inc (A subsidiary of Lonza Group AG)
  4. HealthCaps India
  5. Lefancaps
  6. NATURAL CAPSULES LIMITED
  7. QUALICAPS
  8. Shanxi Guangsheng Medicinal Capsules Co (GS Capsules)
  9. Sunil Healthcare Limited
  10. Yasin
  11. Zhejiang Honghui Capsule Co., Ltd.
  12. Zhejiang Huili Capsules Co., Ltd
Frequently Asked Questions
How big is the North America Vegetarian Capsules Market?

The North America Vegetarian Capsules Market is valued at US$ 503.63 Million in 2023, it is projected to reach US$ 976.33 Million by 2031.

What is the CAGR for North America Vegetarian Capsules Market by (2023 - 2031)?

As per our report North America Vegetarian Capsules Market, the market size is valued at US$ 503.63 Million in 2023, projecting it to reach US$ 976.33 Million by 2031. This translates to a CAGR of approximately 8.6% during the forecast period.

What segments are covered in this report?

The North America Vegetarian Capsules Market report typically cover these key segments-

  • Product (Hydroxypropyl Methylcellulose, Pullulan)
  • Application (Antibiotic and Antibacterial Drug, Vitamin and Dietary Supplement, Anti Inflammatory Drugs, Cardiovascular Therapy Drugs, Antacid and Antiflatulent Preparation)
  • End User (Pharmaceutical Companies, Nutraceutical Companies, Contract Manufacturing Organizations, Cosmeceutical Companies)

What is the historic period, base year, and forecast period taken for North America Vegetarian Capsules Market?

The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Vegetarian Capsules Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2031
  • Who are the major players in North America Vegetarian Capsules Market?

    The North America Vegetarian Capsules Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • ACG
  • CapsCanada
  • Capsugel, Inc (A subsidiary of Lonza Group AG)
  • HealthCaps India
  • Lefancaps
  • NATURAL CAPSULES LIMITED
  • QUALICAPS
  • Shanxi Guangsheng Medicinal Capsules Co (GS Capsules)
  • Sunil Healthcare Limited
  • Yasin
  • Zhejiang Honghui Capsule Co., Ltd.
  • Zhejiang Huili Capsules Co., Ltd
  • Who should buy this report?

    The North America Vegetarian Capsules Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Vegetarian Capsules Market value chain can benefit from the information contained in a comprehensive market report.

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