Overview and Scope
Empty capsules are a stable shell that encapsulates pharmaceuticals or medication combinations in an enclosed shell. The empty capsules can be used to store herbs, powders, and medications.
Sizing and Forecast
The empty capsules market size has grown strongly in recent years. It will grow from $2.97 billion in 2023 to $3.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to changing consumer preferences, favorable economic conditions, impact of russia-ukraine war, industry entry barriers, geriatric population..
The empty capsules market size is expected to see rapid growth in the next few years. It will grow to $4.77 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to market size growth, market consolidation, ethical concerns and stringent regulations, increasing demand for nutraceuticals, market dynamics.. Major trends in the forecast period include product innovations, sustainable sourcing, use in vegetarian and vegan products, patient population and chronic disease treatments, regional dominance..
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Segmentation & Regional Insights
The empty capsules market covered in this report is segmented –
1) By Type: Gelatin Capsules, Non-Gelatin Capsules
2) By Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules
3) By Application: Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Drug Preparations, Other Therapeutic Applications
4) By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories
North America was the largest region in the empty capsules market in 2023. The regions covered in the empty capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Top Major Players
ACG Group
CapsCanada Corporation
HealthCaps India Limited
Natural Capsules Ltd.
Bright Pharma Caps Inc.
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Major Driver Impacting Market Growth
An increase in the prevalence of chronic diseases is expected to propel the growth of the empty capsules market going forward. Chronic disease often lasts for three months or longer and may worsen with time. The most prevalent chronic diseases are cancer, heart disease, stroke, diabetes, and arthritis. Empty capsules are used to deliver a variety of drugs without changing their formulation, these capsules are designed to ensure proper drug delivery while not interfering with any drug formulation. For instance, in January 2022, according to research published by the American Cancer Society, a US-based health organization, in the US, 609,360 cancer deaths and 1.9 million new cancer cases are anticipated in 2022. It is about 1,670 fatalities each day. Therefore, an increase in the prevalence of chronic diseases is driving the growth of the empty capsules market.
Key Industry Players
Major companies operating in the empty capsules market report are ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc., Suheung Co. Ltd., Roxlor LLC, Lonza Group AG, Capsugel, Goerlich Pharma GmbH, Qualicaps Inc., Comed Chemicals Limited, Wuhan Carma Technology Co. Ltd., Nectar Lifesciences Ltd., Erawat Pharma Limited, Medi-Caps Ltd., Mitsubishi Chemical Holdings Corporation, Snail Pharma Industry Co. Ltd., Sunil Healthcare Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Aenova Group GmbH, Capsuline Inc., Farmacapsulas SA, Health Pharma, JC Biotech Pvt. Ltd., Lefan Capsule International Inc., Nipro Capsule Co. Ltd., Qingdao Yiqing Medicinal Capsules Co. Ltd., Shaoxing Kangke Capsule Co. Ltd., Sunloc Industrial Co. Ltd.
The empty capsules market report table of contents includes:
1. Executive Summary
2. Empty Capsules Market Characteristics
3. Empty Capsules Market Trends And Strategies
4. Empty Capsules Market – Macro Economic Scenario
5. Global Empty Capsules Market Size and Growth
…..
32. Global Empty Capsules Market Competitive Benchmarking
33. Global Empty Capsules Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Empty Capsules Market
35. Empty Capsules Market Future Outlook and Potential Analysis
36. Appendix
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