PRZOOM - /newswire/ - New York, NY, United States, 2017/06/27 - HPMC capsules are kosher and halal certified non-toxic capsules. These capsules help in boosting metabolism thereby improving digestion and absorption of protein, carbohydrates and fat - PersistenceMarketResearch.com.

According to the latest study by Persistence Market Research (PMR), the global market for HPMC capsules is anticipated to reach $554.5 million, registering 10.9% CAGR during 2017-2025.

Health conscious consumers are ready to pay a premium price for these products owing to their benefits. This is driving the demand and sales of HPMC capsules.

Key factors driving the growth of HPMC capsules

HPMC capsules are gaining popularity among the customers due to its low risk of side-effects. They are also suitable for patients in all stages including diagnosis, treatment and prevention of the disease. Emerging new technologies in research and manufacturing are making the process more convenient and helping to cut down the cost of expensive and complex controls. Manufacturers are also able to generate high revenues by providing vegetarian capsules to nutraceutical companies.

Pharmaceutical companies emerge as second most lucrative segment in terms of end user in global HPMC capsules market

Pharmaceutical companies are projected to reach CAGR of 10.8% during the forecast period. This segment will be valued at more than $120 million by the end of 2025. The revenue is also anticipated to grow 2.2X by the end of 2025. Pharmaceutical companies will be the second most lucrative segment after food & beverage companies in the global HPMC capsules market. By the end of 2025, food & beverages companies are estimated to reach sales revenue close to $358.8 million.

With the shift in customer preference from gelatin-based products, companies producing only hard gelatin capsules need to expand their product portfolio with plant-sourced gelatin capsules to gain maximum benefit in terms of revenue.

North America to dominate HPMC capsules market

North America and Europe will emerge as strong markets on basis of revenue share in HPMC market. However, well-defined product labeling and regulatory harmonization may impact the revenue growth in North America. There is also an increase in demand for capsules with halal, BSE and kosher certifications in Europe. HPMC capsules market in Asia Pacific is witnessing a growth due to the rise in a number of clinical trials in Japan.

Latin America and the Middle East and Africa (MEA) markets will have a sustained growth in coming years. However, growing demand for halal certified products in Middle East countries is creating an opportunity for manufacturers in the MEA region.

About Persistence Market Research (PMR)

Persistence Market Research (persistencemarketresearch.com) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

Agency / Source: Persistence Market Research (P) Ltd

Availability: All Regions (Including Int'l)

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

Distribution / Indexing: [+]