The global HMPC Without Gelling Agent Market experienced significant growth in 2020 and is projected to continue to increase in revenue at a steady pace during the forecast period. One of the primary drivers of this growth is the rising demand for plant-based capsules and the growing awareness of the benefits of vegetable capsules. The trend away from animal-based gelatin capsules is expected to continue, further boosting demand for vegetable (HPMC) capsules. HPMC is derived from vegetable cellulose and is known for its ability to address poor bioavailability. These capsules are easy to swallow and can mask unpleasant tastes. Additionally, they have a longer shelf-life, higher oxygen permeability, and are suitable for vegans and individuals following certain diets or religious restrictions. The increasing adoption of vegetable capsules, rising prevalence of various diseases, advancements in drug delivery techniques, and fast dissolving ability are some other key factors contributing to the growth of the global market. The rise of veganism and increasing preference for vegan food are further fueling global market growth.

Despite the steady growth, several factors could hamper market growth to some extent over the forecast period. Vegetable (HPMC) capsules are more expensive than gelatin capsules as they require several ingredients in their production. They also require longer time to dissolve in the system, and the capsule walls are weak, requiring special handling. However, the market is projected to continue to grow despite these restraints.

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The global vegetable (HPMC) capsule market is segmented into HPMC with gelling agent and HMPC without gelling agent. The HMPC with gelling agent is expected to account for significant revenue growth throughout the forecast period. They help in taste masking and acid resistance to prevent gastric reflux.The global vegetable (HPMC) capsule market is segmented into pharmaceutical and health supplements based on application. The pharmaceutical segment is expected to account for a substantial share of revenue over the forecast period. HPMC is used as a substitute for gelatin capsules in delivering medicines with an unpleasant smell and taste. It can also be used as a visualizing agent, binder, and coating polymer for enhanced solubility.

North America is projected to dominate the global vegetable (HPMC) market over the forecast period. The region has well-established companies, rising adoption of veganism, and rapid growth in the pharmaceutical sector, which are some key factors contributing to market growth. Asia Pacific is expected to register the fastest revenue CAGR between 2021 and 2028 due to a significantly large patient pool, prevalence of various diseases, and relatively higher preference for plant-based or organic-based products among consumers.

Capsugel, ACG Associated Capsules, Qualicaps, Shanxi GS Capsule, CapsCanada, Suheung Capsule, Qingdao Capsule, Lefan Capsule, and Sunil Healthcare are some of the key players in the vegetable (HPMC) capsule market. Major players are adopting various strategies such as entering into partnerships, collaborations, and mergers acquisitions to strengthen their respective market positions and enhance product portfolios.

This report offers historical data points and forecasts and revenue growth at a global, regional, and country-level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global vegetable (HPMC) capsule market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. Additionally, the report offers industry analysis and competitive landscape, company financials, and impact analysis. It provides a detailed view of the global vegetable (HPMC) capsule market, including changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details

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