DUBLIN, Sept. 25, 2020 /PRNewswire/ -- The "Asia Pacific Starch Softgel Capsules Market Forecast to 2027 - Covid-19 Impact and Regional Analysis by Application (Pharmaceutical, Health Supplements, Others); Distribution Channel (Supermarket and Hypermarket, Pharmacy and Drugstore, Online Provider); and Country" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific starch softgel capsule market is expected to reach US$ 122.54 million by 2027 from US$ 82.55 million in 2019. The market is estimated to grow at a CAGR of 5.2% from 2020 to 2027.
Factors such as advantages of softgel capsules and rise in preference for vegetarian capsules in Asian countries is expected to boost the market growth over the years. Moreover, developing healthcare industry in Asia Pacific is likely to create growth opportunities for the market during the forecast period.
The healthcare industry in Asia Pacific is witnessing rapid transformations since the past few years. Countries across the world have preferred advanced solutions that are simple and effective in healthcare sector. With a need for better healthcare facilities, technology-enabled care (TEC) solutions are being preferred in the healthcare systems in the emerging economies. As per the India Brand Equity Foundation, the Indian pharmaceutical sector is expected to grow to US$ 100 billion, and the medical device market is expected to grow US$ 25 billion by 2025. Pharmaceuticals export from India stood at US$ 20.70 billion in 2020. In 2019, India's domestic pharmaceutical market turnover reached Rs 1.4 lakh crore (US$ 20.03 billion), up by 9.8% y-o-y from Rs 129,015 crore (US$ 18.12 billion) in 2018.
Similarly, as per the authorized government portal site of China - China.org.cn, China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach US$161.8 billion by 2023, taking a 30% share of the global pharmaceutical market.
Thus, growing healthcare industry in countries in Asia Pacific is likely to fuel the starch softgel capsules market in the region.
Based on application, the Asia Pacific starch softgel capsules market is segmented into pharmaceutical, health supplements, and others. In 2019, the health supplements segment held the largest share of the market. The segment is expected to grow at the fastest rate during the forecast period. In terms of distribution channel, the Asia Pacific starch softgel capsules market is categorized into supermarket and hypermarket, pharmacy and drugstore, and online provider. The pharmacy and drugstore segment held the highest share of the starch softgel capsules market in 2019. However, the online provider segment is anticipated to witness growth at a significant rate during the forecast period.
A few major secondary sources for Asia Pacific starch softgel capsules market included in the report are Centers for Disease Control and Prevention, World Heart Foundation, Global Nutrition Report, India Brand Equity Foundation, The Korean Diabetes Association, China.org.cn (China Government Portal), among others.
Key Topics Covered:
1. Introduction2. Asia Pacific Starch Softgel Capsule Market - Key Takeaways
3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research
4. Asia Pacific Starch Softgel Capsule Market Landscape4.1 Overview4.2 PEST Analysis4.2.1 Asia Pacific Starch Softgel Capsule Market - Asia Pacific PEST Analysis4.3 Expert Opinion
5. Asia Pacific Starch Softgel Capsule Market Key Market Dynamics5.1 Key Market Drivers5.1.1 Advantages of Softgel Capsules5.1.2 Rise in Preference for Vegetarian Capsules in Asian Countries5.2 Key Restraints5.2.1 Difficulties in Optimizing Cellulose/Starch for API Delivery5.3 Key Market Opportunities5.3.1 Developing Healthcare Industry in Asia Pacific Region5.4 Future Trend5.4.1 Rising Trend of Online Distribution in Asia Pacific Region5.5 Impact Analysis
6. Starch Softgel Capsule Market - Asia Pacific Analysis6.1 Asia Pacific Starch Softgel Capsule Market Revenue Forecasts and Analysis
7. Starch Softgel Capsules Market Analysis- by Application7.1 Overview7.2 Starch Softgel Capsules Market Share, By Application, 2019 & 2027 (%)7.3 Pharmaceutical7.3.1 Overview7.3.2 Pharmaceutical Market Revenue and Forecasts to 2027 (US$ Million)7.4 Health Supplements7.4.1 Overview7.4.2 Health Supplements Market Revenue and Forecasts to 2027 (US$ Million)7.5 Others7.5.1 Overview7.5.2 Others Market Revenue and Forecasts to 2027 (US$ Million)
8. Starch Softgel Capsules Market Analysis- by Distribution Channel8.1 Overview8.2 Starch Softgel Capsules Market Share, By Distribution Channel, 2019 & 2027 (%)8.3 Supermarket and Hypermarket8.3.1 Overview8.3.2 Supermarket and Hypermarket Market Revenue and Forecasts to 2027 (US$ Million)8.4 Pharmacy and Drugstore8.4.1 Overview8.4.2 Pharmacy and Drugstore Market Revenue and Forecasts to 2027 (US$ Million)8.5 Online Providers8.5.1 Overview8.5.2 Online Providers Market Revenue and Forecasts to 2027 (US$ Million)
9. Starch Softgel Capsule Market Revenue and Forecasts To 2027 - Country Analysis
10. Impact of COVID-19 Pandemic on Asia Pacific Starch Softgel Capsule Market10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles11.1 Hunan Er-Kang Pharmaceutical Co., Ltd11.1.1 Key Facts11.1.2 Business Description11.1.3 Products and Services11.1.4 Financial Overview11.1.5 SWOT Analysis11.1.6 Key Developments11.2 Softcaps11.3 Fuji Capsule Co., Ltd.11.4 Aenova Holding GmbH11.5 Sirio Pharma Co., Ltd.
12. Appendix12.1 About the Publisher12.2 Glossary of Terms
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Meanwhile, stocks of major Australian banks jumped on Friday.
Shares of the "Big Four" banks helped lift the broader S&P/ASX 200 index higher by 1.51% on the day to 5,964.90. Australia and New Zealand Banking Group surged 6.28%, Commonwealth Bank of Australia jumped 3.01%, Westpac soared 7.39% and National Australia Bank rose 6.86%.
The moves came after authorities announced changes to simplify credit access for consumers and small businesses.
"Our current regulatory framework with respect to lending is not fit for purpose," Australian Treasurer, Josh Frydenburg, told reporters. "It's become overly prescriptive, it's become increasingly costly, it's become increasingly complex and responsible lending has become restrictive lending."
"We need our banks to be extending credit, we need the regulation to be streamlined, we need customers to be able to access credit," Frydenburg said.
In Japan, the Nikkei 225 rose 0.51% to close at 23,204.62 while the Topix index added 0.48% to end its trading day at 1,634.23. South Korea's Kospi also advanced 0.27% to 2,278.79.
Overall, the MSCI Asia ex-Japan index edged 0.48% higher.Onshore Chinese yuan strengthens
Investors monitored Chinese assets after FTSE Russell announced Thursday that Chinese government bonds are scheduled to be included in the FTSE World Government Bond Index starting October 2021.
Following the announcement, the onshore Chinese yuan strengthened to 6.8193 per dollar, but was still off levels below 6.78 against the greenback seen earlier this week. The offshore Chinese yuan was at 6.8263 per dollar, also weaker than levels below 6.8 seen earlier in the trading week.
"I think even before the inclusion or the announcement of the inclusion, we are optimistic on Chinese bonds," Tai Hui, Asia chief market strategist at JPMorgan Asset Management, told CNBC's "Squawk Box Asia" on Friday.
"We are in a zero-yield world and you know, Chinese bonds do offer somewhere between 2.5% to 3% when it comes to government bonds," he said. "From that perspective, especially given the fact that we've seen the (Chinese yuan) on a stronger footing in the past few months, it does offer a pretty attractive proposition."
Overnight on Wall Street, stocks eked out small gains. The Dow Jones Industrial Average closed 52.31 points higher, or 0.2%, at 26,815.44. The S&P 500 added 0.3% to finish its trading day at 3,246.59 while the Nasdaq Composite advanced 0.4% to close at 10,672.27. The moves stateside came in a wild session that saw the Dow down more than 200 points at its session low and up more than 300 points at one point.Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 94.32 after rising from levels below 93 this week.
The Japanese yen traded at 105.41 per dollar, having weakened from levels below 104.4 against the greenback this week. The Australian dollar changed hands at $0.7071, following this week's slip from levels above $0.72.
Oil prices rose in the afternoon of Asian trading hours, with international benchmark Brent crude futures up 0.55% to $42.17 per barrel. U.S. crude futures added 0.4% to $40.47 per barrel.
Correction: This article was updated to accurately reflect the movements of the Topix index in Japan.
The MarketWatch News Department was not involved in the creation of this content.
Sep 25, 2020 (Market Insight Reports) -- Selbyville, Delaware According to the report titled 'Asia Pacific Protective Face Masks Market Size By Distribution Channel, End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026', available with Market Study Report LLC, Asia Pacific protective face masks market is projected to amass USD 2 billion by 2026 and grow substantially during the forecast period.
Rising COVID-19 cases, increasing number of surgeries, rising cognizance regarding benefits of masks, and government guidelines regarding usage of face masks are the key factors driving the growth of Asia Pacific protective face masks market size.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2759491/?utm_source=Marketwatch.com&utm_medium=AN
China registered 84,000 COVID-19 cases as of April 30, 2020, while India recorded 30,000 cases and still counting. Due to the large population in South Asian nations and the subcontinent, strict rules regarding social distancing have been imposed by the government, along with mandatory usage of protective masks.
Campaigns by media and government on awareness of protective benefits provided by masks are also expected to propel the Asia Pacific protective face masks market outlook. Low profit on these masks discourages new contenders and hampers the industry expansion.
Elaborating on test type, N95 respirators segment is expected to witness a growth of 400% over 2019-2020 due to surging demand for N95 respirators owing to their high efficiency. Production of such masks have increased in APAC due to high demand from North American as well as Western European region.
Speaking of distribution channel, e-commerce segment of Asia Pacific protective face masks industry accounted for 24% revenue share in the year 2019. Stringent measures regarding social distancing along with contact-less delivery presented by e-commerce firms will augment the segmental growth. In addition, growing penetration of internet across the region and appealing discounts offered by e-commerce websites further fuel the segment expansion.
Based on end-use scope, the Asia Pacific protective face masks industry share is divided into individuals, research institutes, long term care centers, ambulatory surgical centers, and hospitals & clinics. The hospitals & clinics segment held revenue of over 240 million in 2019 and is anticipated to dominate the market over the forecast timespan. Increasing number of coronavirus cases in hospitals have fueled the demand for protective face masks.
From a regional perspective, India protective face masks market is anticipated to witness a growth rate of 405% over 2019-2020. Growing population coupled with increasing cases of COVID-19 across the country will boost the industry growth. Further, compulsory use of protective face masks by government is anticipated to accelerate the product demand.
Major contenders in Asia Pacific protective face masks market are Henry Schein Inc., Dentsply Sirona Inc., Cardinal Health Inc., BSN Medical, and 3M Company among others.
Question and Answer: Asia Pacific Protective Face Masks Market
Q1) What are the factors propelling the growth of Asia Pacific protective face masks market?
Answer: Rising COVID-19 cases, increasing number of surgeries, rising cognizance regarding protective benefits of masks, and government guidelines regarding usage of face masks are the key factors driving the growth of Asia Pacific protective face masks market.
Q2) How will India contribute to Asia Pacific protective face masks market revenue?
Answer: Growing population coupled with increasing cases of COVID-19 across the country will aid India protective face masks industry growth.
Q3) Which companies define Asia Pacific protective face masks market trends?
Answer: Major contenders in Asia Pacific protective face masks industry are Henry Schein Inc., Dentsply Sirona Inc., Cardinal Health Inc., BSN Medical, and 3M Company among others.
Complete Report At: https://www.marketstudyreport.com/reports/asia-pacific-protective-face-masks-market-statistics?utm_source=Marketwatch.com&utm_medium=AN
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