Press release
Middle East and Africa “Capsule Market” 2018 | Growing With; ACG Associated Capsules, Capsugel, Qualicaps, etc Key Players
Market Research Future has research report on “Middle East and Africa Capsule Market”. The Global Capsule Market is growing continuously and expected to grow at a CAGR of 8.5% from 2018 to 2022. Capsule Market Report include market Analysis, Scope, Size, Share, Stake, Progress, Trends and forecast till 2022.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. On the basis of segmentation, the development of veterinary drug market is driving the growth of the Middle East and Africa capsule market.
The capsule industry has responded and current market trends include shift towards vegetarian substitutes such as carrageenan, agar, and starch based capsules.
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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 %.
Key Players for Middle East and Africa Capsule Market
Some of the key players in this market are ACG Associated Capsules, Capsugel, Qualicaps, Suheung, Roxlor LLC, Medi-Caps Ltd, Suheung Co. Ltd and others.
Segments for Middle East and Africa Capsule Market
Middle East and Africa capsule market has been segmented on the basis of product type which comprises hard capsules and soft capsules. On the basis of raw material; market is segmented into bovine, porcine and non-gelatin. On the basis of route of administration; market is segmented into oral and others. Moreover on the basis of end user; market is segmented into pharmaceuticals and others.
Regional Analysis of Middle East and Africa Capsule Market
UAE is the largest market for capsule in entire Middle East and Africa capsule market closely followed by Egypt. The rest of Africa market is however growing very fast with a huge unmet medical needs. The growing veterinary drugs market is also fuelling the demand for capsules especially in Africa. However greater prevalence of substandard capsules is a threat to the industry.
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Some Brief Table of Content
Chapter 1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
Chapter 2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
Chapter 3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
Chapter 4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
Chapter 5 Middle East and Africa Capsule Market, By Product Type
5.1 Introduction
5.1.1 Hard Capsules
TOC Continued…
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