South Korea Vegetable (HPMC) Capsule Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Hard Capsules, Soft Capsules), By Application (Pharmaceuticals, Nutraceuticals, Food and Beverages, Cosmetics, and Others), and South Korea Vegetable (HPMC) Capsule Market Insights, Industry Trend, Forecasts to 2035

South Korea Vegetable (HPMC) Capsule Market Insights Forecasts to 2035

• The South Korea Vegetable (HPMC) Capsule Market Size is Expected to Grow at a CAGR of around 7.8% from 2025 to 2035
• The South Korea Vegetable (HPMC) Capsule Market Size is Expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Vegetable (HPMC) Capsule Market is anticipated to grow at a CAGR of 7.8% from 2025 to 2035. The market is driven by rising demand for plant-based and vegetarian supplements due to growing health consciousness and lifestyle shifts. Additionally, increasing adoption of clean-label and allergen-free products is boosting the market growth.

Market Overview

The South Korea vegetable (HPMC) capsule market consists of capsules made using hydroxypropyl methylcellulose (HPMC) as a plant-based alternative to traditional gelatin, which can be utilized in a variety of applications like pharmaceuticals, nutraceuticals, and dietary supplements. HPMC capsules can offer stability, low moisture content and support vegetarian- and vegan-based capsules. The market in South Korea is rapidly growing due to an increase in awareness and consumer use of plant-derived ingredients, the proliferation of supplement consumption, and an increase in lifestyle-related health concerns. Additionally, a trend towards clean-label and allergen-free formulations increase HPMC development and usage. Despite growing interest, market penetration may be limited by higher production costs that compared to gelatin capsules, and a lack of awareness with small-scale manufacturer.

Report Coverage

This research report categorizes the market for the South Korea vegetable (HPMC) capsule market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea vegetable (HPMC) capsule market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea vegetable (HPMC) capsule market.

Driving Factors

The South Korea vegetable (HPMC) capsule market is driven by the growing consumer demand for vegetarian and vegan products, increased consumption of nutraceuticals, and increasing demand for clean-label, allergen-free capsules. HPMC's compatibility with moisture-sensitive and heat-sensitive formulations makes HPMC capsules attractive to pharmaceutical manufacturers. In addition, favorable regulatory policies and the growing acceptance of herbal medicine are anticipated to substantially contribute to the growth of the market.

Restraining Factors

Market growth is restrained by high cost of manufacturing HPMC capsules in comparison to gelatin-based capsules. There is a low level of awareness among smaller nutraceutical manufacturers in addition to the price sensitivity in the supplement market.

Market Segmentation

The South Korea Vegetable (HPMC) Capsule market share is classified into product type and application.

• The hard capsules segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea vegetable (HPMC) capsule market is segmented by product type into hard capsules and soft capsules. Among these, the hard capsules segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Hard capsules are popular due to their versatility, stabiliy, and ability to accommodate a variety of active pharmaceutical and nutraceutical ingredients.

• The pharmaceuticals segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea vegetable (HPMC) capsule market is segmented by application into pharmaceuticals, nutraceuticals, food and beverages, cosmetics, and others. Among these, the pharmaceuticals segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to the increasing demand for plant based alternatives in drug formulations, increasing consumer preference in vegatarian capsules, and their performance with sensitive drug compounds.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea vegetable (HPMC) capsule market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Suheung Co., Ltd.
• Capsugel (Lonza Group)
• Qualicaps
• ACG Capsule
• ACG
• Lonza
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea vegetable (HPMC) capsule market based on the below-mentioned segments:

South Korea Vegetable (HPMC) Capsule Market, By Product Type

• Hard Capsules
• Soft Capsules

South Korea Vegetable (HPMC) Capsule Market, By Application

• Pharmaceuticals
• Nutraceuticals
• Food and Beverages
• Cosmetics
• Others