Vegetable Capsules Market Forecast 2024 to 2032
Vegetable capsules, also known as veggie capsules or vegetarian capsules, are a type of capsule used in the pharmaceutical and dietary supplement industries. They provide an alternative to gelatin capsules, which are made from animal by-products. Vegetable capsules are made from plant-based materials and are suitable for individuals who follow vegetarian or vegan diets. Some key advantages of vegetable capsules include vegetarian and vegan-friendly, allergen-free, stable, odorless and tasteless, and customizable.
The Vegetable Capsules Market was valued at USD 9.74 Million in 2022 and is expected to register CAGR of 10.38% by 2032.
The global rise in vegan and vegetarian lifestyles has fueled the demand for products that align with these dietary choices. Market players are focused on developing various types of effective vegetable capsules to cater to the rising product demand.