Halal and Kosher Empty Capsules Market: Introduction
- Halal and kosher capsules are certified by halal and kosher laws. In accordance with Islamic Law, gelatin is derived from cattle bones which have been obtained as per halal. Empty capsules are used in various diseases such as anti-bacterial, cardiac therapy, cough, and cold.
- Increase in demand of the pharmaceutical industry for hi-quality empty hard gelatin capsules is anticipated to drive the global halal and kosher empty capsules market
- Key Drivers and Opportunities of Global Halal and Kosher Empty Capsules Market
- Rise in prevalence of various diseases leading to increase in use of halal and kosher empty capsules is anticipated to drive the global market. For instance, according to the Center for Disea ses Control and Prevention, estimated more than 2.8 million antibiotic resistance infections occur each year in the U.S. and 223,900 cases of Clostridioides difficile were recorded in 2017.
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- Surge in geriatric population leads to increase the risk of heart-related problems. Thus, rise in demand for therapeutically effective medicines augments the global halal and kosher empty capsules market. Rise in adoption of advanced treatment boosts the life expectancy resulting in the increasing geriatric population. For instance, according to the World Population Prospects: the 2019 Revision, the population aged 65 and above is growing faster than all other age groups across the globe. Number of people aged 80 and over is projected to increase from 143 million in 2019 to 426 million by 2050.
- Moreover, rise in preference for capsules, owing to increase in demand for empty capsules in cosmeceutical, nutraceutical, and pharmaceutical industries, is likely augment the market
- Rise in demand for vitamins and supplements is likely to fuel the growth of the global halal and kosher empty capsules market. However, extensive benefits offered by capsules are key factors boosting the global market.
- Emerging markets such as Asia Pacific, Latin America, and Middle East & Africa present lucrative opportunity for the halal and kosher empty capsules market, owing to rise in prevalence of various diseases due to sedentary lifestyle and dietary habits
Europe to Capture Major Share of Global Halal and Kosher Empty Capsules Market
- Europe is expected to dominate the global halal and kosher empty capsules market. The growth of the market in the region can be attributed to presence of key market players and early adoption of newer technologies.
- The halal and kosher empty capsules market in Asia Pacific is expected to grow at a rapid pace during the forecast period, owing to rise in health care expenditure, prevalence of various diseases, and increase in number of geriatric population
Key Players Operating in Global Halal and Kosher Empty Capsules Market
The global halal and kosher empty capsules market is highly concentrated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global market. Companies operating in the global halal and kosher empty capsules market are focused on catering to the needs of the medical community as well as patient pool by introducing new products and technologies. Leading players emphasize on research & developmental activities and engage in acquisitions, mergers, and collaborations to strengthen their position in the global halal and kosher empty capsules market.
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Major players operating in the global halal and kosher empty capsules market are:
- Lonza Company
- HealthCaps India Ltd.
- Hunan Er-Kang Pharmaceutical Co., Ltd
- ACG Capsules
- NATURAL CAPSULES LIMITED
- Zhejiang Yuexi Capsule Co., Ltd
Global Halal and Kosher Empty Capsules Market: Research Scope
Global Halal and Kosher Empty Capsules Market, by Type
- Gelatin Capsules
- Vegetarian Capsules
- Enteric Capsules
Global Halal and Kosher Empty Capsules Market, by Application
- Food Supplements/Nutraceuticals
Global Halal and Kosher Empty Capsules Market, by Region
- North America
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa