What is the global market size of Empty Capsules Market?

Empty Capsules Market size was valued at USD 2.52 billion in 2021 and is poised to grow from USD 2.70 billion in 2022 to USD 4.64 Billion by 2030, at a CAGR of 7.00% during the forecast period (2023-2030).

Who are the key vendors in the Global Empty Capsules Market?

The global empty capsules market is highly competitive and fragmented in nature owing to the presence of numerous players operating in the market. Some of the key strategies adopted by players in the market include mergers and acquisitions, partnerships, collaborations, and new product launches. The market is also characterized by a high degree of innovation, with companies investing in R&D to develop new and advanced products. Additionally, technological advancements and innovations in capsule development, including the introduction of plant-based or vegetarian capsules, play a crucial role in maintaining competitiveness. The market is marked by a blend of established players and emerging entrants, each striving to address evolving consumer demands and industry trends in the pharmaceutical and nutraceutical sectors. 'Capsugel', 'ACG Worldwide', 'Suheung Co., Ltd.', 'Qualicaps, Inc.', 'Lonza Group Ltd.', 'Farmacapsulas S.A.', 'Medi-Caps Ltd.', 'Roxlor LLC', 'Snail Pharma Industry Co., Ltd.', 'Nectar Lifesciences Ltd.', 'Sunil Healthcare Ltd.', 'Bright Pharma Caps, Inc.', 'Natural Capsules Ltd.', 'JC Biological Technology Co., Ltd.', 'Shanxi Guangsheng Medicinal Capsule Co., Ltd.', 'Healthcaps India Limited', 'CapsCanada Corporation', 'Lefancaps® Capsule', 'Healsee Capsule Co., Ltd.', 'Shanghai Honglian Medical Tech Group Co., Ltd.'

What is the key driver of Global Empty Capsules Market?

Increasing Demand for Capsule Formulations: The demand for capsule formulations is increasing due to their ease of administration, patient compliance, and precise dosing. This is driving the growth of the empty capsules market.

What is the key market trend for Global Empty Capsules Market?

Increasing Demand for Vegetable-based Capsules: As more consumers are seeking vegan and vegetarian products, the demand for vegetable-based capsules made from materials such as hypromellose (HPMC) and pullulan is increasing. These capsules offer a plant-based alternative to gelatin capsules, which are made from animal by-products.

Which region accounted for the largest share in Empty Capsules Market?

North America dominates the empty capsules business due to the rise in pharmaceutical drug development and research expenses. Furthermore, rising cases of diabetes will fuel the region's empty capsules market growth during the forecast period. The presence of substantial capsule companies with considerable manufacturing capacity using these capsules is one of the factors supporting North America. The region's rising pharmaceutical manufacturing capacity and large patient base are also important.

Empty Capsules Market Size, Share, Growth Analysis, By Product(Gelatine Capsules, and Non-gelatine Capsules), By Functionality(Immediate-Release Capsules, Sustained-Release Capsules, and Delayed-Release Capsules), By Application(Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid, and Antiflatulent Preparations), By End-use(Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry and Research Laboratories), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2145 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 122 | Figures: 77

Empty Capsules Market Regional Insights

North America is projected to account for a dominant share of the global empty capsules market. Presence of key pharmaceutical companies, growing demand for novel drugs, and increasing prevalence of chronic diseases are key factors that help this region hold a dominant stance. The United States and Canada are slated to emerge as the most opportune markets in this region through 2031. High spending potential of consumers in this region will also play a critical role in driving the demand for empty capsules.

Asia Pacific is projected to emerge as the fastest-growing market for empty capsules companies in the world. Increasing health consciousness among consumers in this region coupled with rising investments in healthcare infrastructure development make this a highly opportune regional market. The low cost of manufacturing and changing consumer preferences is also estimated to promote sales of empty capsules in the Asia Pacific region. China, India, and Japan are estimated to be the leading markets in this region.

Empty Capsules Market Report Snapshots

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Global Empty Capsules Market size was valued at USD 2.70 billion in 2022 and is poised to grow from USD 2.89 billion in 2023 to USD 4.96 billion by 2031, growing at a CAGR of 7% during the forecast period (2024-2031).

Investing in the development of empty capsules with different raw materials to satisfy different consumer demands will provide new business scope for empty capsules companies. Targeting emerging countries with increasing sales of supplements and pharmaceuticals will be a key strategy for all empty capsules providers. New product launches and collaborations are slated to be preferred strategies for empty capsules companies looking to enhance their overall market presence. 'Capsugel', 'ACG Worldwide', 'Suheung Co., Ltd.', 'Qualicaps, Inc.', 'Lonza Group Ltd.', 'Farmacapsulas S.A.', 'Medi-Caps Ltd.', 'Roxlor LLC', 'Snail Pharma Industry Co., Ltd.', 'Nectar Lifesciences Ltd.', 'Sunil Healthcare Ltd.', 'Bright Pharma Caps, Inc.', 'Natural Capsules Ltd.', 'JC Biological Technology Co., Ltd.', 'Shanxi Guangsheng Medicinal Capsule Co., Ltd.', 'Healthcaps India Limited', 'CapsCanada Corporation', 'Lefancaps® Capsule', 'Healsee Capsule Co., Ltd.', 'Shanghai Honglian Medical Tech Group Co., Ltd.'

Consumption of dietary supplements, nutraceuticals, and pharmaceuticals is increasing around the world owing to high prevalence of chronic diseases and rising health consciousness. Use of empty capsules for the delivery of these nutraceuticals and drugs will promote market growth in the future.

Vegan and Plant-based Capsules: Most capsules used currently are made from synthetic or animal-based materials. As popularity of veganism and plant-based food products increases around the world it is also expected to create new opportunities for empty capsules companies using plant-based materials for their offerings going forward.

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Empty Capsules Market Regional Insights

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What is the global market size of Empty Capsules Market?

Who are the key vendors in the Empty Capsules Market?

What is the key driver of Empty Capsules Market?

What is the key market trend for Empty Capsules Market?

Which region accounted for the largest share in Empty Capsules Market?

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