Empty Capsules Market Growth Factors, Restraints, Trends, Opportunities, and Challenges for the manufacturers

The Empty Capsules Market size was valued at USD 2.3 Billion in 2021, and it is expected to reach USD 4.32 Billion by 2029, exhibiting a CAGR of 8.2% during the forecast period. Empty capsules are solid dosage forms of medicaments, in which the drug is enclosed within shells made up of gelatin. They are the most common option to store herbs, powders, and medicines used by many pharmaceuticals, cosmetic, and dietary companies. Empty capsules are found in different sizes, ranging from size 000 (the largest) to size 5 (the smallest), with different colors and selected flavors to make the brand differentiate from the rest. The increased prevalence of chronic diseases such as cardiovascular disease, diabetes, cancer, and gastrointestinal disorders is driving the market growth. Key market players in empty capsule have been supplying empty capsules at lower prices to the pharmaceutical industry and hence the competition in the market leaders and followers is stiff, which is the biggest barrier for new entrants and challenge for the small and medium players. Chronic diseases, including cancer, cardiovascular diseases, diabetes, and respiratory diseases, are responsible for the greatest number of fatalities in 2021, resulting in an increase in R&D for the development of medicines or treatment for these diseases at a lower cost. The Empty Capsules market is highly competitive, with several key players competing at local level as well globally. The empty capsules market is dominated by the top three companies namely, Capsugel, ACG Worldwide, and Qualicaps. Some of the other key players in this market are Suheung Co. Ltd., Medicaps Limited, and CapsCanada Corporation. Medi-Caps Limited is one of the largest manufacturers of empty hard gelatin capsules in India. It has diversified its product range for empty capsules, and it offers six sizes ranging from 00, 0, 1el, 1, 2, 3, and 4, fortified in more than 1,000 shades. Empty Capsules MarketTo know about the Research Methodology:-Request Free Sample Report Number of deaths caused by selected chronic diseases worldwide as of 2020 (in 1,000)

Empty Capsules MarketEmpty Capsules Market Dynamics:

Commercialization of Drug Delivery Systems Using Gelatin Capsules

The rapid growth of the gelatin capsules market in various regions such as North America and Europe is expected further drive the growth of the empty capsules market. Gelatin capsules are popular among consumers due to their numerous advantages, considered to benefit those suffering from arthritis and other joint and skin problems. Demand for empty capsules is expected to be high for gelatin capsules (hard and soft capsules), as they serve as excellent carriers capable of encapsulating both hydrophilic and lipophilic medicines and providing degradation protection. Furthermore, they have higher absorption rates and can serve as an effective solubilizing matrix. Gelatin-based IR, ER, and DR formulations perform standard formulations, resulting in higher patient compliance and efficacy. These advantages lead to the greater popularity of gelatin-based capsules, which propels the global empty capsules market. Based on low toxicity, non-antigenicity, high stability, and high nutritional value parameters, gelatin capsules manufactured from bovine, porcine, and marine have proved to be more advantageous than other natural gelatins. Empty gelatin capsules display high sustained release of many medicines due to strong adsorption capacity, followed by high dispersion ability in the water.  

Rising demand for nutraceuticals

Nutraceutical products are often high in fiber, antioxidants, heart-healthy ingredients, vitamins and minerals, omega-3 fatty acids, vitamin D, calcium, and whole grains. The rising prevalence of non - communicable diseases such as cancer, diabetes, heart disease, and lung problems has increased the demand for nutraceuticals. Furthermore, personal health has gained prominence in a huge portion of the global population during the COVID-19 pandemic. This tendency has poised the nutraceutical industry for significant growth and success in the future years. This is a positive indicator of market growth because most nutraceuticals are sold in capsule form. The growth of the nutraceuticals business has given the worldwide empty capsules market a boom. Nutraceuticals have grown in popularity across a wide spectrum of demographics and regions due to their ease of use in supplementing a normal diet and helping individuals in maintaining optimum health. The rising adoption of unhealthy lifestyles by urban consumers throughout the world, particularly in developed regions, has resulted in increased demand for nutraceuticals, which is expected to remain a significant driver for the global empty capsules market in the coming years. Apart from nutraceuticals, the pharmaceutical industry's growth into the cosmeceuticals sector offers great promise for the empty capsules market. Empty Capsules Market

Empty Capsules Market Driven by Preventive Care Emphasis

Capsule formulation is a better option for people who are not able to swallow pills and for medicines that must be protected from the acidic environment of the stomach. Increased consumer interest in health and wellness can be attributed to a rise in sales of vitamins, minerals, and supplements. This is increasing the demand for empty pill capsules. The global market for empty capsules is growing as people become more aware of the significance of living a healthy lifestyle. The effectiveness of dietary supplements has increased consumer demand for vitamin supplements. The increase in physician recommendations for vitamins, minerals, and supplements as preventative care for illnesses in individuals who have trouble swallowing is a significant driver propelling the global empty capsules market during the forecast period.  

Increased Demand for Supplements and Improved Awareness of Preventive Medicines

The use of capsules in the manufacturing of drugs has grown due to characteristics like biodegradability, rapid absorption rates, and ease of availability. The market is expected to grow at a rapid rate during the forecast period. Several new clinical studies are being conducted in order to encapsulate novel and existing drugs, as well as cardiovascular therapies. Ingredients can be encapsulated through automation processes and it does not need a manual load to be rearranged. The global empty capsules market is expected to be driven by an increase in supplement demand, an increase in marketing operations to promote gelatin or non-gelatin capsules, and an increase in knowledge about the use of preventative medications. As a result, manufacturers are increasing their production of empty medicine capsules.  

Growth in capsule production in emerging countries

The traditionally profitable pharmaceuticals market is becoming difficult to grow in because of the diminishing drug pipeline, government-induced cost-cutting pressures, and regulations on innovative products. This encourages pharmaceutical companies to move their manufacturing facilities closer to high-growth developing regions. Manufacturers can profit from low-cost manufacturing as well as many financial benefits such as favorable tax rates and flexible manufacturing regulatory rules. A number of large pharmaceutical companies are either planning capacity expansions at existing facilities in emerging markets or establishing new manufacturing plants in emerging regions such as China and India. These investments are contributing to the growth of pharmaceutical manufacturing, which in turn is increasing the demand for empty capsules. Market Restraint Rising raw material prices, as well as cultural and religious concerns regarding the use of capsules containing animal-derived inactive ingredients such as porcine and bovine gelatin capsule shells, are limiting the market's growth during the forecast period.

Empty Capsules Market Segment Analysis:

By Type, the gelatin capsules segment held largest market share of over 78% and is expected to continue its market dominance during the forecast period. Gelatin capsules are a popular alternative to capsule shells thanks to their several benefits, including rapid drug release, uniform drug mixing, and a barrier to atmospheric oxygen. Gelatin is being used in pharmaceutical products due to factors such as easy availability of raw ingredients, low cost, and simple manufacturing processes. Companies have adopted cost-effective alternatives such as gelatin for capsule manufacture because it reduces the operating costs in the pharmaceutical industry. By Application, the vitamin and dietary supplements segment accounted for the majority of the global empty capsules market in 2021. Adoption of preventative care measures by the population is expected to boost the vitamin & dietary supplements sector during the forecast period. Increased investments by major players in vitamin and dietary supplements as well as favorable trade regulations for dietary supplement import and export are expected to boost the vitamin and dietary supplements segment throughout the forecast period. Antibiotics and anti-bacterial medicines are used to prevent or treat microbial illnesses. The rising prevalence of infectious diseases, the high demand for antibiotics from low and middle-income countries, and major pharmaceutical companies' increasing investments in R&D activities are the key factors driving the empty capsules market for the manufacture of antibiotics and anti-bacterial preparations. By Functionality, the immediate-release capsules segment is expected to have the largest CAGR during the forecast period. Instant-release capsules provide an immediate effect after intake. As a result, these capsules are used in the manufacture of a variety of medical products, including antacids and pain medications. These reasons fuel global demand for immediate-release capsules. By End-user, the pharmaceutical industry segment is expected to grow rapidly over the forecast period due to the growth of the pharmaceutical industry and the increased use of capsules for various purposes. Pharmaceuticals are the greatest end-user of empty capsules (soft and hard capsules). The segment is being propelled by constant advancements in the pharmaceutical industry and frequent outbreaks of chronic illnesses throughout the world.

Empty Capsules MarketEmpty Capsules Market Regional Insights

North America is expected to hold 36.5 % of the global empty capsules market during the forecast period. Rising pharmaceutical and nutraceutical consumption, the existence of leading market players, a growing consumer preference for vegetarian empty capsules, favorable government support, and a rising need for preventative care all fuel demand in the region. Because of poor lifestyle choices in the United States, there has been a significant increase in demand for nutraceuticals to regulate adequate nutrient consumption, boosting sales of empty supplement capsules and empty vitamin capsules. Similarly, increased vegetarian empty capsule awareness and the availability of technologically improved empty capsule filling machines will drive sales of empty HPMC and empty pullulan capsules in the United States by 2030. The Asia Pacific region is expected to grow faster in the Global Empty Capsules Market over the forecast period. The key attributable factors include the proliferation of pharmaceutical industries in this region, favorable government initiatives pertaining to the development of healthcare infrastructure, and the increasing demand for nutraceuticals and cosmeceuticals due to increased awareness about wellness trends and fitness-oriented changing lifestyles. Empty medicine capsule use is expected to grow at a healthy rate in Japan, owing to increased usage by the geriatric population and growing consumer knowledge about the advantages of capsules over other forms. Similarly, increased investments in the healthcare industry and the growth of the pharmaceutical sector are predicted to drive demand in Japan. The availability of modern empty capsule filling machines, as well as the rapid growth of the gelation empty capsules market, is likely to boost the market growth in the country throughout the forecast period.

Report Scope and Research Methodology:

The bottom-up approach has been used to estimate the market size of the global Empty Capsules market. To collect both qualitative and quantitative insights, in-depth primary interviews with market participants along the whole value chain in each of the regions have been conducted. A special focus has been given to each economy and arrived at a market estimate for region and globally. Primary and secondary data collection methods have been used to collect the data. The secondary sources include annual reports, Journals, Paid Database, Trending Economics, Hoovers, Factiva, and several other governmental and commercial websites that were utilized to collect data on important vendors' revenues as part of the research technique used to estimate and forecast the size of the plastic additives market. Primary interviews were carried out with stakeholders in the industry that including manufacturers, end users, and consultants. A combination of secondary and primary data collection made this report authentic.

Empty Capsules Market Scope: Inquire before buying

Empty Capsules Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.3 Bn.
Forecast Period 2022 to 2029 CAGR: 8.2% Market Size in 2029: US $ 4.32 Bn.
Segments Covered: by Type • Gelatin Capsules • Non-gelatin Capsules
by Application • Antibiotic & Antibacterial Drugs • Vitamin & Dietary Supplements • Antacid & Antiflatulent Preparations • Cardiovascular Therapy Drugs • Other
by Functionality • Immediate-release Capsules • Sustained-release Capsules • Delayed-release Capsules
by End-User • Pharmaceutical Industry • Nutraceutical Industry • Other

Empty Capsules Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Empty Capsules Market Key Players

• ACG. (India) • CapsCanada (Canada) • Bright Pharma Caps (US) • Lonza (Switzerland) • SavoiurCaps (India) • Comed Chemicals Limited. (India) • NATURAL CAPSULES LIMITED (India) • Wuhan Carma Technology Co., Ltd. (China) • Goerlich Pharma GmbH (Germany) • NecLife Lifesciences Ltd (India) • HealthCaps India Ltd. (India) • Erawat Pharma Limited. (India) • QUALICAPS (US) • SUHEUNG co., ltd. (South Korea) • Fortcaps. (India) • SNAIL PHARMA INDUSTRY. (China) • Roxlor (US) • Sunil Healthcare Limited. (India) • H & CARE Incorp. (India) • SHAOXING KANGKE CAPSULE CO.,LTD (China) FAQs: 1. Which is the potential market for Empty Capsules in terms of the region? Ans. In the Asia Pacific region, the proliferation of pharmaceutical industries in this region, favorable government initiatives pertaining to the development of healthcare infrastructure, and the increasing demand for nutraceuticals and cosmeceuticals are expected to drive the market. 2. What is expected to drive the growth of the Empty Capsules market in the forecast period? Ans. Commercialization of Drug Delivery Systems Using Gelatin Capsules is a major factor driving the market growth during the forecast period. 3. What is the projected market size & growth rate of the Empty Capsules Market? Ans. The empty Capsules Market was valued at USD 2.3 Billion in 2021, and it is expected to reach USD 4.32 Billion by 2029, exhibiting a CAGR of 8.2% during the forecast period. 4. What segments are covered in the Empty Capsules Market report? Ans. The segments covered are Type, Application, Functionality, End-user, and region.
1. Global Empty Capsules Market: Research Methodology 2. Global Empty Capsules Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Empty Capsules Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Empty Capsules Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Empty Capsules Market Segmentation 4.1 Global Empty Capsules Market, by Type (2021-2029) • Gelatin Capsules • Non-gelatin Capsules 4.2 Global Empty Capsules Market, by Application (2021-2029) • Antibiotic & Antibacterial Drugs • Vitamin & Dietary Supplements • Antacid & Antiflatulent Preparations • Cardiovascular Therapy Drugs • Other 4.3 Global Empty Capsules Market, by Functionality (2021-2029) • Immediate-release Capsules • Sustained-release Capsules • Delayed-release Capsules 4.4 Global Empty Capsules Market, by End-user (2021-2029) • Pharmaceutical Industry • Nutraceutical Industry • Other 5. North America Empty Capsules Market(2021-2029) 5.1 North America Empty Capsules Market, by Type (2021-2029) • Gelatin Capsules • Non-gelatin Capsules 5.2 North America Empty Capsules Market, by Application (2021-2029) • Antibiotic & Antibacterial Drugs • Vitamin & Dietary Supplements • Antacid & Antiflatulent Preparations • Cardiovascular Therapy Drugs • Other 5.3 North America Empty Capsules Market, by Functionality (2021-2029) • Immediate-release Capsules • Sustained-release Capsules • Delayed-release Capsules 5.4 North America Empty Capsules Market, by End-user (2021-2029) • Pharmaceutical Industry • Nutraceutical Industry • Other 5.5 North America Empty Capsules Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Empty Capsules Market (2021-2029) 6.1. European Empty Capsules Market, by Type (2021-2029) 6.2. European Empty Capsules Market, by Application (2021-2029) 6.3. European Empty Capsules Market, by Functionality (2021-2029) 6.4. European Empty Capsules Market, by End-user (2021-2029) 6.5. European Empty Capsules Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Empty Capsules Market (2021-2029) 7.1. Asia Pacific Empty Capsules Market, by Type (2021-2029) 7.2. Asia Pacific Empty Capsules Market, by Application (2021-2029) 7.3. Asia Pacific Empty Capsules Market, by Functionality (2021-2029) 7.4. Asia Pacific Empty Capsules Market, by End-user (2021-2029) 7.5. Asia Pacific Empty Capsules Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Empty Capsules Market (2021-2029) 8.1 Middle East and Africa Empty Capsules Market, by Type (2021-2029) 8.2. Middle East and Africa Empty Capsules Market, by Application (2021-2029) 8.3. Middle East and Africa Empty Capsules Market, by Functionality (2021-2029) 8.4. Middle East and Africa Empty Capsules Market, by End-user (2021-2029) 8.5. Middle East and Africa Empty Capsules Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Empty Capsules Market (2021-2029) 9.1. South America Empty Capsules Market, by Type (2021-2029) 9.2. South America Empty Capsules Market, by Application (2021-2029) 9.3. South America Empty Capsules Market, by Functionality (2021-2029) 9.4. South America Empty Capsules Market, by End-user (2021-2029) 9.5. South America Empty Capsules Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 ACG. (India) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 CapsCanada (Canada) 10.3 Bright Pharma Caps (US) 10.4 Lonza (Switzerland) 10.5 SavoiurCaps (India) 10.6 Comed Chemicals Limited. (India) 10.7 NATURAL CAPSULES LIMITED (India) 10.8 Wuhan Carma Technology Co., Ltd. (China) 10.9 Goerlich Pharma GmbH (Germany) 10.10 NecLife Lifesciences Ltd (India) 10.11 HealthCaps India Ltd. (India) 10.12 Erawat Pharma Limited. (India) 10.13 QUALICAPS (US) 10.14 SUHEUNG co., ltd. (South Korea) 10.15 Fortcaps. (India) 10.16 SNAIL PHARMA INDUSTRY. (China) 10.17 Roxlor (US) 10.18 Sunil Healthcare Limited. (India) 10.19 H & CARE Incorp. (India) 10.20 SHAOXING KANGKE CAPSULE CO.,LTD (China)

About This Report

Report ID 24123
Category Healthcare
Published Date Sept 2022
Updated Date
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