Vegetable HPMC Capsule Sales

Vegetable HPMC Capsule Sales Market Outlook

The global vegetable HPMC capsule market is projected to reach USD 1.2 billion by 2035, growing at a remarkable CAGR of 7.5% during the forecast period from 2025 to 2035. One of the primary growth factors driving this market is the increasing consumer preference for plant-based and vegetarian supplements, which is a direct reflection of the rising trend towards health consciousness and dietary restrictions. The demand for HPMC (Hydroxypropyl Methylcellulose) capsules is also being propelled by advancements in pharmaceutical applications, as manufacturers are seeking vegetarian alternatives to traditional gelatine capsules. Furthermore, the expansion of the nutraceutical industry, alongside the growing awareness of the benefits of herbal medicine, has further catalyzed the adoption of HPMC capsules. The ongoing innovations in the formulation and production of capsules also play a crucial role in enhancing market growth, as manufacturers strive to meet diverse consumer needs.

Growth Factor of the Market

The growth of the vegetable HPMC capsule market can be attributed to a multifaceted range of factors. Firstly, the increasing prevalence of dietary restrictions, such as veganism and vegetarianism, has created a significant demand for alternative capsule options that align with these lifestyles. This shift is further amplified by growing consumer awareness regarding animal welfare and the environmental impact of animal-derived products. Secondly, the pharmaceutical industry is witnessing a surge in the production of plant-based medicines, leading to a heightened requirement for vegetarian encapsulation solutions. The nutraceutical sector is also a vital contributor, as consumers seek dietary supplements that are free from animal products. Moreover, technological advancements in capsule manufacturing processes enhance the product offerings, ensuring better performance and bioavailability of the encapsulated ingredients. Lastly, the robust distribution channels, including the rise of e-commerce platforms, have made it easier for consumers to access these products, propelling market growth.

Key Highlights of the Market

• The market is expected to witness substantial growth due to rising health consciousness among consumers.
• Technological advancements are improving capsule formulations, enhancing their stability and effectiveness.
• Increasing availability of online distribution channels is facilitating better market penetration.
• Growing investments in the nutraceutical sector are driving demand for vegetarian capsule solutions.
• Regulatory changes favoring plant-based products are further bolstering market prospects.

By Product Type

Size 00:

Size 00 HPMC capsules are among the most popular types in the vegetable capsule market. They have a capacity to hold a large number of contents, which makes them suitable for various applications, including pharmaceuticals and dietary supplements. The size is particularly favored by manufacturers of multivitamins and herbal products due to its ability to accommodate larger dosages. Furthermore, the preference for Size 00 capsules is increasingly driven by the growing trend of consumer preference for larger payloads of active ingredients, leading to an increase in sales in this segment. This size of capsule also allows for easy swallowing, which is a significant consideration for many consumers. As a result, the Size 00 segment is projected to continue its growth trajectory throughout the forecast period.

Size 0:

Size 0 capsules are another segment that is experiencing notable demand in the vegetable HPMC capsule market. This size offers a balanced capacity, making it suitable for a variety of applications, including nutraceuticals and botanicals. Its versatility is a key factor contributing to its popularity among manufacturers who require a reliable encapsulation solution for moderate dosages. Additionally, the size provides an effective barrier against moisture, ensuring the stability and integrity of the contents within. As consumers increasingly seek out plant-based options, Size 0 capsules are well-positioned to benefit from this trend, making them a vital component of the market.

Size 1:

Size 1 HPMC capsules are primarily used for dietary supplements and pharmaceuticals that require slightly smaller dosages than what Size 0 and Size 00 can accommodate. Their smaller size makes them a preferred choice for consumers who may have difficulty swallowing larger capsules. As such, they have gained traction in markets focused on elder care and pediatric health, where ease of consumption is a priority. The size also allows for efficient production processes, enabling manufacturers to streamline their operations. As the demand for tailored encapsulation solutions grows, Size 1 capsules are expected to see a consistent uptick in demand, particularly from health-focused brands.

Size 2:

Size 2 capsules cater to a niche market that often seeks targeted formulations, particularly in the nutraceutical and dietary supplement sectors. Their moderate size allows them to hold a variety of formulations, including powder and granules, making them versatile for different types of consumers. The use of Size 2 capsules is particularly beneficial for products aimed at specific health concerns, such as weight management or digestive health. Furthermore, as consumers become more discerning about the types of encapsulation they prefer, the Size 2 segment is poised to capitalize on this trend by providing effective solutions that prioritize bioavailability and consumer comfort.

Size 3:

Size 3 capsules are the smallest in the vegetable HPMC category and are primarily used for formulations requiring lower dosages. They are often employed in applications targeting children or individuals who have difficulty swallowing capsules of larger sizes. Due to their small size, they are also suitable for products that necessitate precise dosing, such as potent herbal extracts or concentrated supplements. As the market shifts towards more personalized health solutions, the demand for Size 3 capsules is expected to rise, particularly among manufacturers focusing on pediatric health and targeted therapeutic applications.

By Application

Pharmaceuticals:

The pharmaceutical application of vegetable HPMC capsules is a cornerstone of the market, driven by the need for effective drug delivery systems. These capsules are preferred for their stability and ability to encapsulate both powder and liquid formulations. They offer significant advantages in terms of bioavailability and delayed-release capabilities, making them ideal for various medications. Additionally, many pharmaceutical companies are transitioning from traditional gelatine capsules to HPMC capsules due to regulatory pressures and the growing demand for vegan products. This transition has been supported by the FDA's guidelines favoring the use of plant-based excipients, further enhancing the growth prospects of HPMC capsules in this particular application.

Nutraceuticals:

The nutraceutical application segment is witnessing robust growth, propelled by the increasing awareness of health and wellness among consumers. HPMC capsules are ideal for encapsulating dietary supplements, vitamins, and herbal products, catering to the rising demand for plant-based options. Consumers are increasingly inclined towards products that are perceived as healthier and more natural, driving manufacturers to favor HPMC capsules over conventional gelatine alternatives. The versatility of HPMC capsules allows for a wide range of formulations, catering to various health needs, such as immune support, digestive health, and overall wellness. Consequently, the nutraceuticals application is expected to remain a significant contributor to market growth.

Cosmetics:

The cosmetics application of vegetable HPMC capsules is an emerging trend that reflects the growing intersection between beauty and health. These capsules are increasingly being utilized in the formulation of beauty supplements, which aim to enhance skin, hair, and nail health from within. The ability to encapsulate active ingredients such as antioxidants, vitamins, and minerals makes HPMC capsules an attractive choice for beauty brands looking to deliver effective outcomes. As consumers become more aware of the benefits of ingestible beauty products, the demand for HPMC capsules in cosmetics is anticipated to witness substantial growth, further diversifying the market landscape.

Others:

In addition to pharmaceuticals, nutraceuticals, and cosmetics, there are several other applications where vegetable HPMC capsules are utilized. These include food formulations, veterinary products, and more specialized health products. The versatility of HPMC capsules allows them to be used in a wide range of formulations, appealing to manufacturers who require flexible solutions to encapsulate various types of ingredients. As innovation continues to drive new applications and formulations, the 'Others' segment is expected to grow and contribute positively to the overall market dynamics.

By Distribution Channel

Online Stores:

Online stores represent one of the most rapidly growing distribution channels for vegetable HPMC capsules. The rise of e-commerce has transformed consumer purchasing behavior, allowing for greater accessibility to a wide variety of health and wellness products. This platform offers consumers the convenience of shopping from home, coupled with the ability to compare prices and read product reviews, leading to informed purchasing decisions. Additionally, many manufacturers are leveraging digital marketing strategies to promote their products online, increasing brand visibility and attracting a broader customer base. As online shopping continues to gain popularity, this channel is expected to experience significant growth, becoming a primary source for consumers seeking HPMC capsules.

Drug Stores:

Drug stores have traditionally served as a key distribution channel for HPMC capsules, particularly those targeted at pharmaceutical applications. Consumers often seek out these capsules for their medicinal benefits, making drug stores a convenient location for purchasing health products. The presence of pharmacists and knowledgeable staff also adds a layer of trust and credibility, encouraging consumers to choose HPMC capsules over alternatives. With the increase in health-conscious consumers and the growing demand for vegetarian products, drug stores are likely to maintain their relevance in the HPMC capsule market, offering a diverse range of products to meet various consumer needs.

Health Stores:

Health stores, including specialty shops and organic markets, provide an essential distribution channel for vegetable HPMC capsules, particularly in the nutraceutical sector. These stores typically focus on health and wellness products, making them a natural fit for products that cater to dietary preferences and restrictions. The staff in health stores are often more knowledgeable about the benefits of plant-based capsules, which can assist customers in making informed decisions. As the trend towards holistic health continues to grow, health stores are expected to play a vital role in distributing HPMC capsules, particularly among health-conscious consumers seeking natural and effective supplementation options.

Others:

Besides the mentioned channels, there are other distribution avenues for vegetable HPMC capsules, including pharmacies, supermarkets, and direct sales. Each of these channels offers its unique advantages and levels of customer engagement. Pharmacies often provide HPMC capsules alongside traditional medications, promoting their use in conjunction with prescribed health regimens. Supermarkets offer convenience and accessibility for consumers, while direct sales allow manufacturers to connect directly with their customer base, often through health and wellness events. As the market evolves, these other distribution channels will continue to play a role in enhancing the visibility and accessibility of vegetable HPMC capsules.

By Ingredient Type

Hydroxypropyl Methylcellulose:

Hydroxypropyl Methylcellulose (HPMC) serves as the primary ingredient in vegetable capsules, offering excellent functionality and versatility. HPMC is a plant-derived polymer that provides a reliable alternative to gelatine, catering to the growing demand for vegetarian and vegan capsules. Its unique properties allow for exceptional film-forming capabilities, making it an ideal choice for encapsulating a variety of ingredients. Additionally, HPMC capsules have a low moisture content, which enhances the stability and shelf life of the encapsulated contents. As consumers increasingly seek plant-based solutions, the use of HPMC as a key ingredient is expected to drive significant growth in this segment.

Vegetable Cellulose:

Vegetable cellulose, another essential ingredient in the formulation of HPMC capsules, contributes to their structural integrity and performance. Derived from plant materials, vegetable cellulose is a natural and non-toxic alternative that aligns with the preferences of health-conscious consumers. It provides a suitable environment for the encapsulation of various nutrients, ensuring their bioavailability and efficacy. The demand for vegetable cellulose is being fueled by its compatibility with various dietary supplements, enabling manufacturers to create a diverse range of products. As the market continues to shift towards clean label products, the segment of vegetable cellulose as an ingredient is expected to flourish.

Water:

Water plays a crucial role in the production of vegetable HPMC capsules, acting as a solvent during the manufacturing process. While not a primary ingredient in the final product, the quality and purity of water used in production can significantly impact the overall quality of the capsules. Clean and purified water ensures that the capsules are free from contaminants, maintaining the integrity of the encapsulated materials. As manufacturers strive to meet stringent quality standards, the focus on water quality in the production of HPMC capsules will continue to be an essential aspect within this segment.

Others:

Other ingredients utilized in vegetable HPMC capsule formulations may include stabilizers, colorants, and preservatives, all of which contribute to the overall performance and appeal of the product. While these ingredients are not always highlighted, they play a vital role in enhancing the stability, appearance, and shelf life of the capsules. As consumer preferences shift towards more natural solutions, manufacturers are also looking to minimize the use of synthetic additives, opting instead for naturally derived alternatives. This trend is expected to shape the 'Others' segment significantly, impacting ingredient sourcing and formulation strategies in the future.

By Region

North America:

North America represents one of the largest markets for vegetable HPMC capsules, accounting for approximately 35% of the global market share. The demand in this region is predominantly driven by the robust pharmaceutical and nutraceutical industries, where HPMC capsules are favored for their vegetarian properties and superior performance. The increasing trend towards plant-based products, coupled with a growing consumer base that prioritizes health and wellness, is expected to propel the market forward. Moreover, the North American region is also witnessing a CAGR of around 8.5% during the forecast period, indicating strong growth prospects fueled by innovation and product development.

Europe:

Europe is another key player in the vegetable HPMC capsule market, holding a significant market share of approximately 30%. The region is characterized by stringent regulations that encourage the use of vegetarian ingredients in pharmaceuticals and dietary supplements, leading to an increased adoption of HPMC capsules. Additionally, the rising awareness of sustainable and clean-label products among consumers is driving manufacturers to offer HPMC alternatives to gelatine capsules. With the growing focus on health and wellness, the European market is projected to continue its growth, presenting ample opportunities for stakeholders in the capsule manufacturing sector.

Opportunities

The vegetable HPMC capsule market presents numerous opportunities for growth as consumer preferences evolve. The increasing shift towards holistic health and wellness solutions is driving demand for dietary supplements and herbal remedies, both of which commonly utilize HPMC capsules. As consumers become more health-conscious, there is a significant opportunity for manufacturers to innovate and develop new products that cater to this growing market. Furthermore, the rise of personalized nutrition, where consumers are seeking tailored supplements to meet their specific health needs, offers an avenue for capsule manufacturers to collaborate with nutraceutical companies to create customized formulations. The engagement in research and development activities will be crucial for capturing these opportunities, allowing companies to stay ahead of the curve in a competitive landscape.

Moreover, the expansion of e-commerce and online sales channels represents a significant opportunity for growth in the vegetable HPMC capsule market. As more consumers turn to online shopping for health products, manufacturers can leverage digital platforms to reach a wider audience and enhance their brand visibility. Establishing partnerships with online health retailers and investing in digital marketing strategies will enable manufacturers to capitalize on this trend. Additionally, participating in health and wellness events can further promote product awareness and engagement with consumers. Overall, the convergence of health trends, technological advancements, and evolving consumer behaviors presents a fertile ground for opportunity within the vegetable HPMC capsule market.

Threats

Despite the positive outlook for the vegetable HPMC capsule market, there are several threats that could pose challenges to growth. One of the most pressing threats is the potential for increased competition from alternative capsule solutions, including those based on innovative materials or advanced drug delivery systems. As technology continues to evolve, manufacturers may face challenges in differentiating their products within a crowded marketplace. This competition may lead to price pressures, affecting profitability and market positioning. Additionally, the rise of synthetic or chemically-derived encapsulation solutions could undermine the demand for plant-based options, challenging the market share of HPMC capsules.

Another significant threat lies in the regulatory environment, as manufacturers must navigate complex and varying regulations across different regions. Compliance with these regulations can be resource-intensive and may pose barriers to entry for new players seeking to enter the market. Furthermore, any changes in consumer preferences or shifts in dietary trends could also impact the demand for vegetable HPMC capsules. If consumers begin to favor alternative products or ingredients, manufacturers may find themselves needing to adapt quickly to stay relevant. Overall, while the market has promising growth prospects, it is essential for stakeholders to remain vigilant and proactive in mitigating these threats.

Competitor Outlook

• Capsugel (Part of Lonza Group)
• Qualicaps
• Suheung Co., Ltd.
• ACG Capsules
• Bright Pharma Caps, Inc.
• Fanzhou Xiaoshun Capsule Co., Ltd.
• Pharmatek
• Ginkgo BioWorks
• HerbalCaps
• Roxlor
• Lonza Group AG
• Capsules India Ltd.
• Yung Zip Chemical Industries
• Synlogic
• Vcaps Plus

The competitive landscape of the vegetable HPMC capsule market is characterized by several key players striving to establish a solid foothold in this rapidly growing sector. Major companies are engaged in research and development activities aimed at innovating their product offerings, enhancing the functionality of HPMC capsules, and expanding their market reach. The focus on sustainability and eco-friendliness is pivotal in this competitive arena, as consumers increasingly demand plant-based alternatives. Established companies are investing in production capabilities and exploring collaborations with nutraceutical manufacturers to integrate their capsules into new formulations. As a result, the market is seeing a convergence of traditional pharmaceutical manufacturers and innovative startups aiming to capture a share of the growing demand for HPMC capsules.

Notable companies such as Capsugel (part of Lonza Group) and Qualicaps are leading the way with extensive experience in the encapsulation market. Capsugel, for instance, has a long-standing reputation for offering high-quality capsule solutions, including vegetarian options, and continues to invest in R&D to meet evolving consumer needs. Qualicaps specializes in both gelatine and vegetable capsules, positioning itself as a versatile player in the industry. Another prominent player, ACG Capsules, is known for its wide range of capsule offerings, including tailor-made solutions for nutraceuticals and pharmaceuticals. Through strategic partnerships and a focus on innovation, these companies are setting the pace for market expansion while ensuring that their offerings adhere to stringent quality standards.

Emerging players in the market, such as Bright Pharma Caps, Inc. and Ginkgo BioWorks, are actively working to innovate and differentiate their product lines. Bright Pharma Caps, Inc. is focusing on sustainable practices in capsule manufacturing, while Ginkgo BioWorks employs advanced biological engineering to create novel encapsulation technologies. Their emphasis on research and innovation positions them favorably in a market that increasingly values transparency and sustainability. As the vegetable HPMC capsule market continues to expand, the competitive landscape will evolve, with both established players and new entrants vying for market share through innovation, quality, and responsiveness to consumer demands.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Roxlor
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Synlogic
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Pharmatek
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Qualicaps
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 HerbalCaps
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Vcaps Plus
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 ACG Capsules
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Lonza Group AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Ginkgo BioWorks
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Suheung Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Capsules India Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Bright Pharma Caps, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Yung Zip Chemical Industries
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Capsugel (Part of Lonza Group)
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fanzhou Xiaoshun Capsule Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Vegetable HPMC Capsule Sales Market, By Application
    • 6.1.1 Pharmaceuticals
    • 6.1.2 Nutraceuticals
    • 6.1.3 Cosmetics
    • 6.1.4 Others
  • 6.2 Vegetable HPMC Capsule Sales Market, By Product Type
    • 6.2.1 Size 00
    • 6.2.2 Size 0
    • 6.2.3 Size 1
    • 6.2.4 Size 2
    • 6.2.5 Size 3
  • 6.3 Vegetable HPMC Capsule Sales Market, By Ingredient Type
    • 6.3.1 Hydroxypropyl Methylcellulose
    • 6.3.2 Vegetable Cellulose
    • 6.3.3 Water
    • 6.3.4 Others
  • 6.4 Vegetable HPMC Capsule Sales Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Drug Stores
    • 6.4.3 Health Stores
    • 6.4.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Vegetable HPMC Capsule Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Vegetable HPMC Capsule Sales market is categorized based on

By Product Type

• Size 00
• Size 0
• Size 1
• Size 2
• Size 3

By Application

• Pharmaceuticals
• Nutraceuticals
• Cosmetics
• Others

By Distribution Channel

• Online Stores
• Drug Stores
• Health Stores
• Others

By Ingredient Type

• Hydroxypropyl Methylcellulose
• Vegetable Cellulose
• Water
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Capsugel (Part of Lonza Group)
• Qualicaps
• Suheung Co., Ltd.
• ACG Capsules
• Bright Pharma Caps, Inc.
• Fanzhou Xiaoshun Capsule Co., Ltd.
• Pharmatek
• Ginkgo BioWorks
• HerbalCaps
• Roxlor
• Lonza Group AG
• Capsules India Ltd.
• Yung Zip Chemical Industries
• Synlogic
• Vcaps Plus