IMARC Group, a leading market research company, has recently releases report titled “Empty Capsules Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global empty capsules market price, size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Empty Capsules
Empty capsules are cylindrical or conical containers made from gelatin or vegetarian materials. They are primarily made from gelatin, sourced from animal collagen, and vegetarian alternatives like hydroxypropyl methylcellulose (HPMC). They are available in varied sizes and colors for branding and differentiation. They have a long shelf life when stored in appropriate conditions, making them suitable for pharmaceutical and nutraceutical products. They allow for precise dosing and easy customization of medications or supplements. They can mask the taste and odor of certain substances, improving patient compliance. They protect the contents from degradation due to light and air exposure, enhancing bioavailability. They are widely used in the pharmaceutical industry to encapsulate medications, enabling accurate dosing and controlled release. Besides this, they are utilized to deliver health-promoting compounds found in foods, such as probiotics and antioxidants.
How Big Is the Empty Capsules Market?
The global empty capsules market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
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What are the growth prospects and trends in the empty capsules industry?
The rising reliance of the pharmaceutical industry on oral solid dosage forms for drug delivery represents one of the key factors positively influencing the market. Empty capsules offer an efficient and precise way to administer medications, enabling accurate dosing and controlled release. Additionally, the increasing demand for dietary supplements and nutraceuticals is offering a favorable market outlook.
Along with this, the expanding working population and the fast-paced lifestyles of individuals are driving the demand for convenient and easy-to-swallow capsules for vitamins, minerals, and herbal extracts. Apart from this, the rising utilization of flavored capsules with enhanced aroma in the food and beverage (FB) industry is strengthening the growth of the market. Furthermore, the increasing use of encapsulated ingredients in the cosmetics and personal care industry for targeted applications is propelling the market.
Moreover, the growing adoption of three-dimensional (3D) printing technology for capsule manufacturing is enabling the customization of capsules in terms of shape, size, and composition, catering to specific drug formulations. Additionally, the rise of e-commerce platforms is facilitating the accessibility of empty capsules, making them readily available to individuals.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Gelatin Capsule
- Non-gelatin Capsule
Breakup by Raw Material:
- Pig Meat
- Bovine Meat
- Bone
- Hydroxypropyl Methylcellulose (HPMC)
- Others
Breakup by Functionality:
- Immediate-release Capsules
- Sustained-release Capsules
- Delayed-release Capsules
Breakup by Therapeutic Application:
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Cardiovascular Therapy Drugs
- Others
Breakup by End User:
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG, Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd and Sunil Healthcare Limited.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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