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Stock impact report

Vegetarian Capsules Market Size and Forecasts, Global Trends and Growth Opportunity Analysis Report 2023-2031 [Yahoo! Finance]

LONZA GROUP AG UNSP/ADR (LZAGY) 
NASDAQ:AMEX Investor Relations: lonza.com/about-lonza/investor-relations.aspx
Company Research Source: Yahoo! Finance
Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product, Application, Functionality, End User, and Geography" report has been added to ResearchAndMarkets.com's offering. The vegetarian capsules market size is projected to grow from US$ 1.8 billion in 2023 to US$ 3.5 billion by 2031; the market is estimated to record a CAGR of 8.4% during 2021-2031 The rising preference for vegan capsules over gelatin-based capsules and growing demand for vegetable capsules despite their high cost. However, product recall hamper the vegetarian capsules market growth. Furthermore, outsourcing of vegetarian capsule are likely to remain key vegetarian capsules market trends during 2021-2031. Growth Drivers: Rising Preference for Vegan Capsules Over Gelatin-Based Capsules Drives Market Growth For many years, medical, religious, cultural, and ethical concerns have been about adding animal substances to capsule coatings or formulations in pharmaceutical medicines. Also, some consu Show less Read more
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