Empty Capsules Market by Type (Gelatin (Porcine, Bovine), Non gelatin (HPMC, Pullulan)), Functionality (Delayed release), Application (Antibiotics, Dietary Supplements, Anti- Inflammatory), End User (Pharma, Nutraceuticals) - Global Forecast to 2026
The global empty capsules market is projected to reach USD 3.7 billion by 2026 from USD 2.6 billion in 2021, at a CAGR of 7.2% during the forecast period. The overall growth of the empty capsules market is largely driven by the growing adoption of capsule formulations among the growing geriatric population, the growth of the pharmaceutical market, increasing R&D activities & clinical trial studies, and advancements in capsule delivery technologies.
“By type, the non-gelatin capsules segment is likely to grow at faster pace”
Based on type, the empty capsules market is categorized into gelatin capsules and non-gelatin capsules. In 2020, gelatin capsules accounted for the largest share in the empty capsules market. The non-gelatin capsules segment is likely to grow at a CAGR of 8.0% during the forecast period. Growth in this segment is largely driven by the increasing demand for non-animal-based products and the advantages offered by these capsules over gelatin-based ones, including low hygroscopicity, physical stability, stability in different ranges of temperature & humidity, and low moisture content.
“Asia Pacific: The fastest-growing region in the empty capsules market.”
The presence of many global capsule manufacturers in China and India, growth in the pharmaceutical and nutraceutical industries, the relatively less stringent regulations in the nutraceutical industry in these regions, an increasing focus on generics, and rising healthcare awareness are expected to drive the adoption of empty capsules in the Asia Pacific.
“North America: the largest share of the empty capsules market”
In 2020, North America accounted for the largest share in the empty capsules market. The large share of this region can be attributed to the existing presence of major capsule manufacturers and pharmaceutical giants. The growing emphasis on superior nutraceutical and cosmetic products has also increased the demand for empty capsules.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Respondent– Supply Side- 50%, Demand Side- 50%
By Designation—CXOs/Directors- 40%, Managers - 30%, Regional Heads- 30%
By Region— North America - 40%, Europe - 20%, APAC – 20%, RoW- 20%
The empty capsules market is dominated by a few globally established players such as Capsugel (US), ACG Worldwide (India), Qualicaps (US), Suheung Co. Ltd. (Korea), CapsCanada Corporation (Canada), and others
The report segments the empty capsules market based on region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa), type (gelatin and non-gelatin ), functionality (immediate-release, sustained-release, and delayed-release capsules), therapeutic applications (antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, antianemic preparations (hematinic), anti-inflammatory drugs, cardiovascular therapy drugs, cough & cold drugs, and other therapeutic applications), end users (pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories).
The report also provides a comprehensive review of market drivers, challenges, and opportunities in the empty capsules market
Key Benefits of Buying the Report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the empty capsules market and provides them information on key market drivers, challenges, and opportunities.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook