Capsule Market Trend in Middle East and Africa 2018 | Booming CAGR of 8.5 with Reach around USD 365.44 Million - Avail Prime Report to MRFR

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.

Capsule Market Scenario: 

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 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. Societal and religious considerations have also impacted the industry negatively. Another restraint is strict and tightened regulations.

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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 %.

Key Players for 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.

Capsule Market Segments:

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.

Study Objectives Capsule Market:

To provide detail analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the Middle East and Africa capsule market.

To provide insights about factors affecting the market growth.

To analyze the market based on various analyses including price analysis, supply chain analysis, Porters Five Force analysis etc.

To provide past and estimated revenue of the market’s segments and sub-segments of Middle East and Africa Capsule market

To provide country level analysis of the market with respect to the current market size and

To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments globally.

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Regional Analysis of 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.

MAJOR TABLE OF CONTENTS:

1 Introduction

2 Research Methodology

3 Market Dynamics

4 Market Factor Analysis

5 Middle East And Africa Capsule Market, By Product Type

6 Middle East And Africa Capsule Market, By Raw Material

7 Middle East And Africa Capsule Market, By Route Of Administration

8. Middle East And Africa Capsule Market, By End User

9 Middle East And Africa Capsule Market, By Country

10 Company Landscape

11 Company Profile         

Major TOC Continued…!

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This release was published on openPR.