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Global Starch Capsules Market 2022 – Market Predicted to Grow at High CAGR, Complete Business Overview, Market Share, Size, Current Trends and Forecast to 2031

Kenneth Research, in its repository of market research reports, has recently added a report titled Global Starch Capsules Market market, that emphasizes on the recent market trends and opportunities available for the growth of the market for the forecast period 2022-2031. The growth of the Global Starch Capsules Market market can be attributed to the increasing health spending by nations across the globe, and for the rapid innovations observed in the medical sector. According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Starch Capsules Market products.

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Starch capsules, which are used as an alternative to the conventional gelatin-based empty capsules, are made up of starch as its raw material. These capsules are known to possess numerous benefits over the conventional capsules, such as low moisture content, low static charge, low humidity levels and others, which helps to keep the contents inside the capsules safer. The global starch capsules market is anticipated to grow with a CAGR of 5.14% during the forecast period, i.e. 2021-2028.

Factors such as increasing incidences of various diseases, which is driving the demand for pharmaceuticals and nutraceuticals, coupled with the growing technological innovations, increasing awareness among the scientific community regarding the development of sustainable and drug compatible capsule products are anticipated to promote the market growth. Additionally, factors such as the growing healthcare expenditure by both public and private entities around the globe, along with the rising demand for advanced pharmaceuticals which have an efficient alternative delivery system, especially for orally administered compounds, are anticipated to drive the growth of the global starch capsules market during the forecast period.

The market is segmented by end user into pharmaceutical, cosmeceutical and nutraceutical companies, out of which, the pharmaceutical industry segment is anticipated to grow with a CAGR of around 7% during the forecast period. Factors such as the rising need for advanced pharmaceuticals, growing research and developments in the pharmaceutical industry, backed by the rising healthcare expenditures, are anticipated to drive the growth of the segment.

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Based on region, the global starch capsules market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa, out of which, market in North America, which registered a share of around 38% in the year 2019, is anticipated to hold the largest market share during the forecast period. The players operating in the pharmaceutical industry in North America has the most strategic partnership and have access to high quality medications and healthcare awareness.

Some of the affluent industry leaders in the global starch capsules market are Capsugel (a Lonza Company), Farmacapsulas S.A., Dah Feng Capsule Industry Co., Ltd., ACG, Meihua Holdings Group Co., Ltd., GoCaps, Shaoxing Kangke Capsule Co., Ltd., and Suheung Co., Ltd.

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