Middle East & Africa Vegetarian Capsules Market Forecast to 2031

At 5.8% CAGR, Middle East & Africa Vegetarian Capsules Market is Projected to be Worth US$ 67.54 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa vegetarian capsules market was valued at US$ 42.88 million in 2023 and is expected to reach US$ 67.54 million by 2031, registering a CAGR of 5.8% from 2023 to 2031. Innovative product launches of vegetarian capsules and outsourcing of vegetarian capsules are among the critical factors attributed to drive the Middle East & Africa vegetarian capsules market growth.

Innovation in vegetarian capsule products is of utmost importance for manufacturers to promote it as the best alternative to gelatin capsules. Nutraceutical companies are launching modified-release vegetarian capsules for effective drug absorption and to achieve predetermined clinical objectives.

“DRcaps capsules” by Lonza’s (Capsugel) are vegetarian capsules manufactured using hydroxypropyl methylcellulose (HPMC), which disintegrates more slowly than traditional gelatin capsules. Such HPMC-derived vegetarian capsules keep the ingredients intact in the capsule shell. Also, DRcaps capsules do not require any external application of chemical coatings to keep the ingredients intact, mask taste, or postpone the release of the active ingredients, proving advantageous for consumers who doubt capsule coatings as “unnatural.” The clinical in-vitro studies on DRcaps capsules reveal that the capsule contents are intact for at least 30 minutes, with a gastric pH of 1.2, and disintegrate fully at an intestinal pH of 6.8. The DRcaps capsules are modified-release vegetarian capsule types that benefit consumers dealing with bad taste or aftertaste caused by some ingredients. Further, these capsules can eliminate certain disintegration steps such as coating, which reduces high production costs and time.

Several nutraceutical manufacturers are developing acid-resistant vegetarian capsules as probiotics cannot travel through stomach acid. Several probiotic products contain “strains” that cannot survive the passage of stomach acid. The SILVACO company’s “Acid-Resistant vegetable HPMC capsules” can pass through the stomach acid, travel in low-pH environments, and quickly disintegrate in the intestinal tract.

Vegetarian capsule manufactures are developing innovative products to obtain predetermined clinical objectives and gain a significant advantage over gelatin capsules, which is expected to offer lucrative opportunities for the vegetarian capsules market during the forecast period.

On the contrary, risks of product recalls hamper the growth of Middle East & Africa vegetarian capsules market.

Based on product, the Middle East & Africa vegetarian capsules market is segmented hydroxypropyl methylcellulose (HPMC), pullulan, and others. The hydroxypropyl methylcellulose (HPMC) segment held 75.9% market share in 2023, amassing US$ 32.55 million. It is projected to garner US$ 50.84 million by 2031 to register 5.7% CAGR during 2023-2031.

In terms of application, the Middle East & Africa vegetarian capsules market is categorized into antibiotic and antibacterial drug, vitamin and dietary supplement, anti-inflammatory drugs, cardiovascular therapy drugs, antacid and antiflatulent preparation, and others. The antibiotic and antibacterial drug segment held 38.6% share of Middle East & Africa vegetarian capsules market in 2023, amassing US$ 16.54 million. It is anticipated to garner US$ 26.46 million by 2031 to expand at 6.0% CAGR during 2023-2031.

By functionality, the Middle East & Africa vegetarian capsules market is segmented into immediate release capsules, sustained release capsules, and delayed release capsules. The immediate release capsules segment held 55.1% market share in 2023, amassing US$ 23.63 million. It is projected to garner US$ 35.81 million by 2031 to register 5.3% CAGR during 2023-2031.

By end user, the Middle East & Africa vegetarian capsules market is segmented into pharmaceutical companies, nutraceutical companies, contract manufacturing organizations (CMOS), and cosmeceutical companies. The pharmaceutical companies segment held 57.6% market share in 2023, amassing US$ 24.69 million. It is projected to garner US$ 40.13 million by 2031 to register 6.3% CAGR during 2023-2031.

By country, the Middle East & Africa vegetarian capsules market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 30.5% share of Middle East & Africa vegetarian capsules market in 2023. It was assessed at US$ 13.09 million in 2023 and is likely to hit US$ 21.86 million by 2031, registering a CAGR of 6.6% during 2023-2031.

Key players operating in the Middle East & Africa vegetarian capsules market are ACG; CapsCanada; Capsugel, Inc (A subsidiary of Lonza Group AG); HealthCaps India; Lefancaps; NATURAL CAPSULES LIMITED; QUALICAPS; Shanxi Guangsheng Medicinal Capsules Co (GS Capsules); Sunil Healthcare Limited; Yasin; Zhejiang Honghui Capsule Co., Ltd; and Zhejiang Huili Capsules Co., Ltd., among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa vegetarian capsules market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa vegetarian capsules market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa vegetarian capsules market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Middle East & Africa Vegetarian Capsules Market – Key Market Dynamics
4.1 Market Drivers
4.1.1 Rising Preference for Vegan Capsules Over Gelatin-Based Capsules
4.1.2 Growing Demand for Vegetable Capsules Despite Their High Cost
4.2 Market Restraints
4.2.1 Risks of Product Recalls
4.3 Market Opportunities
4.3.1 Innovative Product Launches of Vegetarian Capsules
4.4 Future Trends
4.4.1 Outsourcing of Vegetarian Capsules
4.5 Impact of Drivers and Restraints:
5. Vegetarian Capsules Market – Middle East & Africa Analysis
5.1 Middle East & Africa Vegetarian Capsules Market Overview
5.2 Middle East & Africa Vegetarian Capsules Market Revenue (US$ Million), 2021-2031
6. Middle East & Africa Vegetarian Capsules Market Analysis – by Product
6.1 Overview
6.2 Middle East & Africa: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
6.3 Hydroxypropyl Methylcellulose (HPMC)
6.3.1 Overview
6.3.2 Hydroxypropyl Methylcellulose (HPMC): Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
6.4 Pullulan
6.4.1 Overview
6.4.2 Pullulan: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
6.5 Others
6.5.1 Overview
6.5.2 Others: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7. Middle East & Africa Vegetarian Capsules Market Analysis – by Application
7.1 Overview
7.2 Antibiotic and Antibacterial Drug
7.2.1 Overview
7.2.2 Antibiotic and Antibacterial Drug: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Vitamin and Dietary Supplement
7.3.1 Overview
7.3.2 Vitamin and Dietary Supplement: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
7.4 Anti Inflammatory Drugs
7.4.1 Overview
7.4.2 Anti Inflammatory Drugs: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Cardiovascular Therapy Drugs
7.5.1 Overview
7.5.2 Cardiovascular Therapy Drugs: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Antacid and Antiflatulent Preparation
7.6.1 Overview
7.6.2 Antacid and Antiflatulent Preparation: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8. Middle East & Africa Vegetarian Capsules Market Analysis – by Functionality
8.1 Overview
8.2 Immediate Release Capsules
8.2.1 Overview
8.2.2 Immediate Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Sustained Release Capsules
8.3.1 Overview
8.3.2 Sustained Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Delayed Release Capsules
8.4.1 Overview
8.4.2 Delayed Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9. Middle East & Africa Vegetarian Capsules Market Analysis – by End User
9.1 Overview
9.2 Pharmaceutical Companies
9.2.1 Overview
9.2.2 Pharmaceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Nutraceutical Companies
9.3.1 Overview
9.3.2 Nutraceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Contract Manufacturing Organizations (CMOs)
9.4.1 Overview
9.4.2 Contract Manufacturing Organizations (CMOs): Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Cosmeceutical Companies
9.5.1 Overview
9.5.2 Cosmeceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10. Middle East & Africa Vegetarian Capsules Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
10.1.1.1 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.1.1 Overview
10.1.1.2 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.2.1 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market Breakdown, by Product
10.1.1.2.2 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
10.1.1.2.3 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market Breakdown, by Application
10.1.1.2.4 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market Breakdown, by Functionality
10.1.1.2.5 Saudi Arabia: Middle East & Africa Vegetarian Capsules Market Breakdown, by End User
10.1.1.3 South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.3.1 Overview
10.1.1.4 South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.4.1 South Africa: Middle East & Africa Vegetarian Capsules Market Breakdown, by Product
10.1.1.4.2 South Africa: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
10.1.1.4.3 South Africa: Middle East & Africa Vegetarian Capsules Market Breakdown, by Application
10.1.1.4.4 South Africa: Middle East & Africa Vegetarian Capsules Market Breakdown, by Functionality
10.1.1.4.5 South Africa: Middle East & Africa Vegetarian Capsules Market Breakdown, by End User
10.1.1.5 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.5.1 Overview
10.1.1.6 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.6.1 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market Breakdown, by Product
10.1.1.6.2 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
10.1.1.6.3 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market Breakdown, by Application
10.1.1.6.4 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market Breakdown, by Functionality
10.1.1.6.5 United Arab Emirates: Middle East & Africa Vegetarian Capsules Market Breakdown, by End User
10.1.1.7 Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.7.1 Overview
10.1.1.8 Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.8.1 Rest of Middle East & Africa Vegetarian Capsules Market Breakdown, by Product
10.1.1.8.2 Rest of Middle East & Africa Vegetarian Capsules Market – Volume and Forecast Analysis – by Product
10.1.1.8.3 Rest of Middle East & Africa Vegetarian Capsules Market Breakdown, by Application
10.1.1.8.4 Rest of Middle East & Africa Vegetarian Capsules Market Breakdown, by Functionality
10.1.1.8.5 Rest of Middle East & Africa Vegetarian Capsules Market Breakdown, by End User
11. Company Profiles
11.1 Shanxi Guangsheng Medicinal Capsules Co (GS Capsules)
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Lefancaps
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ACG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Capsugel, Inc (A subsidiary of Lonza Group AG)
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 HealthCaps India
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 NATURAL CAPSULES LIMITED
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sunil Healthcare Limited
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 QUALICAPS
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 CapsCanada
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Zhejiang Huili Capsules Co., Ltd.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 Yasin
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 Zhejiang Honghui Capsule Co., Ltd.
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Research Team
12.2 Glossary of Terms

LIST OF TABLES

Table 1. Middle East & Africa Vegetarian Capsules Market Segmentation
Table 2. Comparative Analysis Between Gelatin Capsules and Vegetarian Capsules
Table 3. Middle East & Africa: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 4. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 5. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 6. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 7. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Functionality
Table 8. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 9. South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 10. South Africa: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 11. South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 12. South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Functionality
Table 13. South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 14. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 15. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 16. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 17. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Functionality
Table 18. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 19. Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 20. Rest of Middle East & Africa Vegetarian Capsules Market – Volume and Forecast to 2031 (Million Units) – by Product
Table 21. Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 22. Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by Functionality
Table 23. Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million) – by End User
Table 24. Glossary of Terms, Vegetarian Capsules Market

LIST OF FIGURES

Figure 1. Middle East & Africa Vegetarian Capsules Market Segmentation, by Country
Figure 2. Middle East & Africa Vegetarian Capsules Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Vegetarian Capsules Market Revenue (US$ Million), 2021-2031
Figure 5. Middle East & Africa Vegetarian Capsules Market Share (%) – by Product (2023 and 2031)
Figure 6. Hydroxypropyl Methylcellulose (HPMC): Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Pullulan: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Others: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Middle East & Africa Vegetarian Capsules Market Share (%) – by Application (2023 and 2031)
Figure 10. Antibiotic and Antibacterial Drug: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Vitamin and Dietary Supplement: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Anti Inflammatory Drugs: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Cardiovascular Therapy Drugs: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Antacid and Antiflatulent Preparation: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Middle East & Africa Vegetarian Capsules Market Share (%) – by Functionality (2023 and 2031)
Figure 17. Immediate Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Sustained Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Delayed Release Capsules: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Middle East & Africa Vegetarian Capsules Market Share (%) – by End User (2023 and 2031)
Figure 21. Pharmaceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Nutraceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Contract Manufacturing Organizations (CMOs): Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Cosmeceutical Companies: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Middle East & Africa Vegetarian Capsules Market by Key Countries – Revenue 2023 (US$ Million)
Figure 26. Middle East & Africa Vegetarian Capsules Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 27. Saudi Arabia: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. South Africa: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. United Arab Emirates: Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. Rest of Middle East & Africa Vegetarian Capsules Market – Revenue and Forecast to 2031(US$ Million)