Competitive Analysis 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.
Study Objectives Middle East and Africa 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 future growth prospect.
• To provide country level analysis of the market for segments which includes by product type (hard capsules and soft capsules), by raw material (bovine, porcine, non-gelatin) and by route of administration (oral and others) and by end user (pharmaceuticals and others) and other sub segments.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• 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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Market Synopsis of Middle East and Africa Capsule Market:
Market Highlight:
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. Other factors driving the growth of capsules are ease of use, greater patient conformance and technological advancements such as delayed released and modified release capsules. Development of non-gelatin capsules such as those made from hydroxypropyl methyl cellulose (HPMC), starch based etc. are further driving the market. Growing use of soft gelatin capsules such as suppositories is another factor affecting the market positively. On the basis of segmentation, the development of veterinary drug market is driving the growth of the Middle East and Africa capsule market.
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. However the critical threat for the capsule industry remains outbreaks of diseases such as bovine spongiform encephalopathy (BSE) which has resulted in temporary scarcity of healthy raw material thereby pushing raw material’s costs. Societal and religious considerations have also impacted the industry negatively. Another restraint is strict and tightened regulations. For example, many European nations such as France has imposed immediate ban on bovine gelatin until EU safety guidelines were put into practice.
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 %.
Market Categorization:
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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We are thankful for the support and assistance from “Capsule Market Research Report- Middle East and Africa Forecast to 2022” chain related technical experts and marketing experts during Research Team survey and interviews.
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