Latin America Empty Capsules Market was worth $162.84 million in 2016 and estimated to be growing at a CAGR of 7.6%, to reach $234.87 million by 2021. Empty Capsules are generally made from Gelatin, which is derived from animal origin.  These are used as dosage form for prescription and OTC drugs, nutrient supplements and herbal products.



Latin America global empty capsules market is driven by growing applications in pharmaceutical and nutraceutical companies. Growing consumer preference towards capsule based formulations is also a major factor supporting the market growth. However increasing raw material costs, strict regulatory frameworks and issues concerned with the consumption of capsules containing animal derived components are some of the key restraining factors for the market.



Latin America Empty Capsules market is segmented by product, therapeutic application and End User. By product the market is further sub-segmented into Gelatin Capsules and Non-Gelatin Capsules. On the basis of therapeutic application Latin America market for Empty capsules is segmented as Antibiotic and Antibacterial Drugs, Antacid and Antiflatulent Preparations, Anti anemic Preparations, Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Dietary Supplements and Vitamins, Cough and Cold Preparations and other therapeutic applications. Based on End User the market is segmented as Pharmaceutical Industry, Cosmetics Industry, Nutraceutical Industry and Research Laboratories. Gelatin Capsules is the largest product segment while Non-Gelatin capsules segment is estimated to be the fastest growing with a CAGR of XX% due to increasing preference for vegetable origin capsules during the forecast period.



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Based on geography Latin America empty capsules market is segmented into various regions namely Brazil, Argentina and Mexico. Within Latin America Brazil is the largest market for Empty Capsules accounting for a share of approximately XX%.



Market Segmentation:                                                              

                1 By Product Type                                       

                                1.1 Gelatin Capsules                   

                                1.2 Non Gelatin Capsules                         

               

2 By Therapeutic Applcation                                   

                                2.1 Antibiotic and Antibacterial Drugs                 

                                2.2 Vitamins and Dietary Supplements                              

                                2.3 Antacid and Antiflatulent Preparations                       

                                2.4 Antianemic Preparations                  

                                2.5 Anti-Inflammatory Drugs                  

                                2.6 Cardiovascular Therapy Drugs                         

                                2.7 Cough and Cold Preparations                          

                                2.8 Other therapeutic applications                       

              

  3 By End User                                

                                3.1 Pharmaceutical Industry                   

                                3.2 Nutraceutical Industry                       

                                3.3 Cosmetics Industry                              

                                3.4 Research Laboratories 



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Some of the major companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited.



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