MARKET OVERVIEW:
The global Medicinal Pullulan Empty Capsules market was valued at USD 24 million in 2023. It is projected to grow at a compound annual growth rate (CAGR) of 10.30% during the forecast period, reaching USD 47.67 million by 2032.
In 2023, North America accounted for a substantial share of the global market, valued at USD 6.25 million.
The market in North America is expected to grow at a CAGR of 8.83% from 2025 through 2032. This growth is fueled by the region’s strong preference for natural and plant-based products, particularly within the nutraceutical and pharmaceutical sectors.
MARKET INSIGHT & GROWTH DRIVERS:
CAGR 2032
24 million USD 47.67 million 10.30% Click Here for More Detailed
The demand for pullulan capsules is driven by a shift in consumer preferences towards more sustainable, health-conscious, and plant-based options.
MARKET DYNAMICS
Stringent Government Regulations
Accelerating Market Adoption
Rising Consumer Demand for Vegetarian and Vegan Products: As consumer awareness of plant-based diets grows, more people are seeking vegetarian and vegan alternatives in all aspects of life, including health and wellness products. Pullulan capsules cater to this growing demand, offering a plant-derived solution that aligns with the lifestyles of healthconscious consumers.
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MARKET OPPORTUNITIES
Growth in the Nutraceutical Industry: The rising demand for dietary supplements and functional foods presents a significant opportunity for pullulan capsules. As more consumers turn to vitamins, minerals, and other supplements to maintain health, the need for vegetarian and plant-based capsule options will continue to grow, fueling the demand for pullulan-based solutions
COMPANY MISSION
Boron neutron capture therapy (BNCT) is emerging as a promising cancer treatment modality, particularly for difficult-to-treat tumors like glioblastoma. Japan has led clinical adoption with over 200 patients treated since 2020, while China and Europe are ramping up clinical trials. The precision targeting capability of boron-10, when irradiated with low-energy neutrons, minimizes damage to healthy tissues - a significant advantage over conventional radiotherapy. Pharmaceutical companies are investing in boron-containing drug development, with several boron-10 based compounds currently in Phase II/III trials for various oncology indications.
REGIONAL MARKET OUTLOOK
North America
North America is one of the leading markets for Medicinal Pullulan Empty Capsules. Valued at USD 6.25 million in 2023, the market in North America is projected to grow at a CAGR of 8.83% during the forecast period. The growth of the market is driven by the increasing preference for plant-based, natural products in the pharmaceutical and nutraceutical industries. Additionally, the region’s strong regulatory environment and rising demand for vegan, vegetarian, and eco-friendly products contribute to the expansion of the pullulan capsules market.
Europe
Europe is another significant market for medicinal pullulan capsules, with consumers increasingly opting for natural and sustainable health products. The region's stringent regulations regarding product safety and quality also contribute to the demand for pullulan capsules, particularly in the nutraceutical and pharmaceutical sectors.
COMPETITIVE LANDSCAPE
• Capsugel (Lonza Group) -
• • Qualicaps
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• Suheung Co. Ltd.
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
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