Global Empty Capsules Market Report 2023: Sector to Reach $4.17 Billion by 2031 at a 7% CAGR

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Jun 13, 2023, 11:00 ET

DUBLIN, June 13, 2023 /PRNewswire/ -- The "Global Empty Capsules Market Report and Forecast 2023-2031" report has been added to ResearchAndMarkets.com's offering.

The global empty capsules market value was USD 2.27 billion in 2022, driven by the increasing demand for capsule-based pharmaceutical and nutraceutical products across the globe. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2023-2031 to achieve a value of USD 4.17 billion by 2031.

Empty Capsules Introduction

Empty capsules are an essential component in the pharmaceutical and nutraceutical industries, providing a convenient and effective means of administering medication and dietary supplements. They are typically made from gelatin, derived from animal collagen, or hydroxypropyl methylcellulose (HPMC), a plant-based alternative, and come in various sizes and colors to accommodate different formulations and dosages. The global empty capsules market encompasses both gelatin capsules and non-gelatin capsules, catering to a wide range of applications, including traditional drugs, herbal medicines, and dietary supplements.

Empty Capsules Market Scenario

The global empty capsules market has experienced significant growth in recent years, driven by factors such as the increasing demand for capsule-based pharmaceutical and nutraceutical products, advancements in capsule manufacturing technologies, and a growing preference for vegetarian capsules.

North America: The largest market for empty capsules, driven by factors such as the advanced pharmaceutical and nutraceutical industries, a high prevalence of chronic diseases, and the presence of major capsule manufacturers.

Europe: The second-largest market, with increasing demand for empty capsules due to a growing aging population, a supportive regulatory framework, and an expanding nutraceutical sector.

Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure.

Empty Capsules Market Segmentations
Market Breakup by Type

Gelatin Capsules
Non-Gelatin Capsules

Market Breakup by Functionality

Immediate-Release Capsules
Sustained-Release Capsules
Delayed-Release Capsules

Market Breakup by Application

Antibiotic
Antibacterial Drugs
Dietary Supplements
Antacid
Antiflatulent Preparations
Antianemic Preparations
Anti-Inflammatory Drugs
Cardiovascular Therapy Drugs
Cough and Cold Drugs
Others

Market Breakup by End User

Pharmaceutical Industry
Nutraceutical Industry
Cosmetic Industry and Research Laboratories

Market Breakup by Region
North America

United States of America
Canada

Europe

United Kingdom
Germany
France
Italy
Others

Asia Pacific

China
Japan
India
ASEAN
Australia
Others

Latin America

Brazil
Argentina
Mexico
Others

Middle East and Africa

Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Key Trends in the Empty Capsules Market

Some key trends of the market are as follows:

Growing demand for capsule-based pharmaceutical and nutraceutical products: The increasing prevalence of chronic diseases and a growing awareness of the benefits of dietary supplements have contributed to the rising demand for capsule-based products, driving the growth of the empty capsules market
Advancements in capsule manufacturing technologies: The development of new technologies, such as capsule filling machines and capsule coating systems, has improved the efficiency and quality of capsule manufacturing, contributing to market expansion
Increasing preference for vegetarian capsules: A growing number of consumers are opting for plant-based alternatives to traditional gelatin capsules due to dietary restrictions, religious beliefs, or concerns about animal-derived products, driving the demand for non-gelatin capsules

Empty Capsules Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

ACG
CapsCanada
Bright Pharma Caps
Lonza
SavoiurCaps
Comed Chemicals Limited
NATURAL CAPSULES LIMITED
Wuhan Carma Technology Co., Ltd
Goerlich Pharma GmbH
NecLife Lifesciences Ltd
HealthCaps India Ltd
Erawat Pharma Limited
QUALICAPS
SUHEUNG co., ltd
Fortcaps
SNAIL PHARMA INDUSTRY
Roxlor
Sunil Healthcare Limited
H & CARE Incorp
SHAOXING KANGKE CAPSULE CO., LTD

For more information about this report visit https://www.researchandmarkets.com/r/ib31ab

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