Empty Capsules Market to Ride the Wave of Increasing Focus on Preventive Healthcare: Transparency Market Research

Non-gelatin capsules to see an increase in demand; gelatin variant to dominate the market landscape

High demand for vitamin and dietary supplements to help market chart substantial growth over the assessment period

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Feb 24, 2020, 05:30 ET

ALBANY, New York, Feb. 24, 2020 /PRNewswire/ -- Multiple factors such as increase in demand for drugs, growth in research activity, and higher demand for vitamin and dietary supplements is driving the global Empty Capsules Market in a big way. There is also high demand for antibiotic and anti-bacterial drugs, and cardiovascular drugs as incidence of CVD and bacterial infections is on a rise.

"Owing to continuous development in pharmaceutical industry and frequent outbreak of infectious diseases, the industry is set to be the largest end-user over the forecast period. Overall, the market would chart a ~7% Compound Annual Growth Rate from 2019 to 2027", opines TMR.

Key Findings of the Empty Capsules Market Study

Vitamins and Dietary Supplements to dominate market owing to increase in adoption of preventive care measures by people worldwide
Porcine to see moderate growth; demand from nutraceuticals and easy availability of raw materials to favor growth but shift to bovine gelatin to act as restraint
As an end-user, pharmaceutical will lead the charts owing to massive demand for capsules used for different indications

Explore 227 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Empty Capsules market by Application: Antibiotic & Antibacterial Drugs, Vitamin & Dietary Supplements, Antacid & Antiflatulent Preparations, Cardiovascular Therapy Drugs, Cough & Cold Drugs, Other Applications; Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules; Source: Porcine, Bovine, Marine, Natural; Type: Gelatin Capsules [Hard Gelatin, Soft Gelatin], Non-gelatin Capsules; End User: Pharmaceutical Industry, Nutraceutical Industry, Other End Users

Read Detailed TOC of the Report - https://www.transparencymarketresearch.com/report-toc/10559

Empty Capsules Market: Key Driving Factors

A number of trends and drivers at play are taking the growth trajectory of global empty capsules market higher. As per Transparency Market Research, a very important trend that is noted in the market is growing preference for non-gelatin capsule even though gelatin variants would dominate the market landscape over the forecast period. The reasons for this shift in preference is rising concerns regarding environment, cruelty to animals, and massive uptake of vegetarians and veganism globally. Others include:

Cardiovascular diseases are seeing a massive increase in incidence due to lifestyle choices such as smoking, drinking alcohol, and eating oily food; this, along with stressful work days, is leading to higher cases reported, generating demand for cardiovascular drug capsules
Growing awareness regarding preventive healthcare is generating massive demand for vitamins and dietary supplements, propelling the empty capsule market onto a high growth trajectory

Key Impediments for Empty Capsules Market Players

Research undertaken by Transparency Market Research into market dynamics of empty capsule market shows that certain factors are hampering its growth. These include certain dietary restrictions based on cultural or religious basis. For instance, being an animal-based product, gelatin is not preferred in predominantly vegetarian regions or vegan communities. Strict followers of Hinduism, Buddhism, and Jainism also do not favor such products. Furthermore, some communities specifically ask for Kosher and Halal products. But, the same restraints also create opportunities for market players who can tap into these consumer pools by developing products that in line with their beliefs.

Empty Capsules Market: Region-wise Analysis

The North American region is marked by presence of distinguished players who are involved in extensive research activities and coupled with a robust healthcare industry, the region is set to be significant contributor to growth of market
Investments towards life sciences and pharmaceuticals my major market players to help Europe gain a significant market share
Market in Asia Pacific to chart a sturdy CAGR owing to demand and development of nutraceutical and pharmaceutical industry; funding towards research to support growth; China and India to be major growth propellers

Analyze Empty Capsules market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competition Landscape

To tap into a larger pool of consumers, players are focusing upon expanding operations in newer regional landscapes. Besides, as per Transparency Market Research, improving upon product portfolios is also a part of growth strategy for key market players.

Prominent names among players that are functioning in the global empty capsule market landscape are ACG Worldwide, Capsugel, Qualicaps, HealthCaps India Ltd, Natural Capsules Limited, CapsCanada Corporation, Nectar Lifesciences Ltd., Medi-Caps Ltd., Snail Pharma Industry Co. Ltd., Roxlor, and Sunil Healthcare Ltd, among others.

TMR profiles these comprehensively and states that players would be driven by international recognized standards in terms of product development in order to meet global demand over the forecast period.

Download a PDF Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10559

Transparency Market Research has segmented the market report on empty capsules market based on application, source, type, end-user and region.

Empty Capsules Market by Application

Antibiotic & Antibacterial Drugs
Vitamin & Dietary Supplements
Antacid & Antiflatulent Preparations
Cardiovascular Therapy Drugs
Cough & Cold Drugs
Other Applications

Empty Capsules Market by Functionality

Immediate-release Capsules
Sustained-release Capsules
Delayed-release Capsules

Empty Capsules Market by Source

Porcine
Bovine
Marine
Natural

Empty Capsules Market by Type

Gelatin Capsules

Hard Gelatin
Soft Gelatin

Non-gelatin Capsules

Empty Capsules Market by End User

Pharmaceutical Industry
Nutraceutical Industry
Other End Users

Empty Capsules Market by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Croatia
Greece
Nordic
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
ANZ
Rest of Asia Pacific

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

Latin America

Brazil
Mexico
Rest of Latin America

Explore Transparency Market Research's award-winning coverage of the global Pharmaceutical industry:

Collagen Market - The high and rising demand for a variety of collagen products in the field of wound healing will play a major role in the overall development of the collagen market in the next few years, states TMR in its report. The high demand for a biodegradable material in the wound healing sector will be due to the rising prevalence of a number of chronic diseases such as numerous cancers and diabetes.

Chronic Disease Management Market - Chronic diseases are long-term clinical conditions that progress over the time. It is considered an expensive and most prevalent health care issue across the globe. Chronic disease management programs, thus, is an organized and proactive set of interventions that focuses on needs of the patient population.

Cardiovascular Drugs Market - Cardiovascular diseases (CVDs) comprise disorders and conditions related to circulatory system which include heart and vascular system. The global cardiovascular drugs market was valued approximately US$ 80.0 Bn in 2016 and is anticipated to register CAGR of over 1.0% from 2017 to 2025 to reach value of approximately US$ 91.0 Bn by 2025. Drug classes used to treat cardiovascular indications such as hyperlipidemia, hypertension are likely to fuel expansion of the global cardiovascular drugs market from 2017 to 2025.

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