Empty Capsules Market Size, Share, Trends, Growth 2032

Empty Capsules Industry Prospective:

The global empty capsules market size was worth around USD 3.19 billion in 2023 and is predicted to grow to around USD 6.31 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.86% between 2024 and 2032.

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In order to give the users of this report a comprehensive view of the empty capsules market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Empty Capsules Market: Growth Drivers

Conventional capsules are extensively used in medicines, which are consumed orally. These capsules are generally of two types—gelatin-based and non-gelatin based. Gelatin capsules have a shell and filler within. The ingredients inside are either in the form of a paste, suspension, or liquid. It has tiny particles of active ingredients within, which are also called ”soft gels.” The shell is generally derived from beef or pork and is bound by a dispersant like glycerin. This provides flexibility and durability. These medicines are not ingested in the system and dissolve easily in the stomach. Patients prefer capsules as they are easier to swallow than tablets and do not have a bad taste or odor.

The non-gelatin based capsules are not made from animal by-products and are more acceptable by some sections of society. They are highly stable and have low-moisture content. Capsules have a wide range of health benefits, especially for improvements in joint and skin conditions.

The increased penetration of the global empty capsules market is due to the increasing formulation of new drug systems using gelatin capsules, rising manufacturing of gelatin, and growing possibilities of personalizing drugs that help in poison detection. Vegetarian capsules are also used for various religious purposes, in countries like India. The low-moisture content of vegetarian capsules makes them highly useful in moisture-sensitive drugs. These capsules are also highly stable and can be used in various industrial environments and several clinical trials.

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There is a growing patient population with medical needs that require the development of new medicines. There are many companies globally that have established research facilities in emerging markets to produce innovative medicines and set up CSR programs to cure and prevent diseases. There have been consistent investments made in medicine and R&D, which has resulted in cost-effective treatment procedures. The population has a significant proportion of aged people that is more prone to diseases, which often requires a high capsules demand. However, dietary restrictions, cultural practices, and constantly fluctuating prices of raw materials may limit the empty capsules market.

The report provides company market share analysis to give a broader overview of the key players in the empty capsules market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the empty capsules market on a global and regional basis.

Empty Capsules Market: Segmentation

The study provides a decisive view of the empty capsules market by segmenting it based on product type, release type, application, end-user, and region.

The product type segment includes gelatin-based and non-gelatin. Gelatin-based capsules are further segmented based on type (hard and soft gelatin capsules) and source (bovine meat, bone meal, pig meat, and other sources). The non-gelatin capsules segment is especially growing due to their stability and low-moisture content. Non-gelatin capsules can be further categorized into Hydroxypropyl Methylcellulose (HPMC) and Pullulan and starch material.

On the basis of release type, the market is classified into sustained, delayed, and immediate.

By application, the market includes antacids, dietary supplements, cough and cold drugs, cardiovascular drugs, anti-anemic drugs, anti-inflammatory drugs, antibacterial drugs, and others.

The end-user segment of the empty capsules market comprises pharmaceutical, nutraceutical, research laboratories, cosmetic industries, and others.

Empty Capsules Market: Report Scope

Empty Capsules Market: Region Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is a significant regional contributor to the empty capsules market globally, due to the rising the number of capsule manufacturers and pharmaceutical companies and increasing importance related to the significance of generics.

Empty Capsules Market: Competitive Analysis

empty capsules market is dominated by players like:

• Medi-Caps
• Roxlor Sunil Healthcare
• Green Cross
• Qualicaps
• Bright Pharma Caps
• Capsugel
• CapsCanada Corporation
• ACG Worldwide
• Suheung

This report segments the global empty capsules market into:

Global Empty Capsules Market: By Product Type

• Gelatin-Based Capsules
  • By Source
    • Pig Meat
    • Bovine Meat
    • Bone Meal
    • Other Sources
  • By Type
    • Hard Gelatin Capsule (HGC)
    • Soft Gelatin Capsule (SGC)
• Non-Gelatin Based Capsules
  • Hydroxypropyl Methylcellulose (HPMC)
  • Pullulan and Starch Material

Global Empty Capsules Market: By Release Type

• Sustained
• Immediate
• Delayed

Global Empty Capsules Market: By Application

• Dietary Supplements
• Antacids
• Cough and Cold Drugs
• Anti-Anemic Drugs
• Cardiovascular Drugs
• Antibacterial Drugs
• Anti-Inflammatory Drugs
• Others

Global Empty Capsules Market: By End-User

• Nutraceutical
• Pharmaceutical
• Cosmetic Industries
• Research Laboratories
• Others

Global Empty Capsules Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa