USD 4.20 million
Indonesia Empty Capsules Market Size, Share, Growth Analysis, By Type(Gelatin capsules (Hard Gelatin, Soft Gelatin), and Non Gelatin capsules (Hydroxypropyl Methylcellulose, Pullulan & Starch), By Origin(Vegetarian Origin, and Animal Origin), By Functionality(Immediate-release Capsules, Sustained-release Capsules, and Delayed-release Capsules), By Therapeutic Application(Antibiotic & Antibacterial Drugs, Dietary Supplements, Antacid & Antiflatulent, Anti-anemic Preparations), By End User(Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, and Research Laboratories), By Region - Industry Forecast 2024-2031
Report ID:
SQMIC35I2335 |
Region:
Country |
Published Date: July, 2024
Pages:
174
|Tables:
151
|Figures:
68
Indonesia Empty Capsules Market Insights
Indonesia Empty Capsules Market size was valued at USD 4.20 million in 2022 and is poised to grow from USD 4.47 billion in 2023 to USD 7.23 billion by 2031, growing at a CAGR of 6.3% during the forecast period (2024-2031).
The Indonesia empty capsule market has been growing tremendously. The increased pharmaceutical industries and increasing health awareness among the people in the country is the major reason for this growth. There is breeding interest in dosage forms that enhance optimum therapy due to chronic diseases, such as diabetes, cardiovascular disorders, and cancer. These capsules find major applications in the area of taste and odor masking for drugs, bioavailability enhancement, and very accurate dosing. Increased preference for plant-based empty capsules, resulting from a vegetarian diet moving to veganism, further fuels the market growth. As mentioned above, government initiatives towards better healthcare infrastructure and promotion of domestic pharmaceutical production also resonate as critical drivers.
Besides the health sector, Indonesia has been experiencing a rapidly growing nutraceutical industry, along with an increased demand for empty capsules. The consumers are becoming health-conscious and reaching out to these dietary supplements, which may award them with a variety of health benefits such as immunity and general wellness. The trend has encouraged the manufacturing of vitamins, minerals, and herbal supplements—mostly preferred in empty capsule form. Increasing disposable income and urbanization in Indonesia are forcing people to spend more on healthcare products, including nutraceuticals. Improvements in capsule manufacturing technologies, the invention of innovative capsule-filling machines, and novel capsule materials also enhance the growth prospect of the market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Type
Fastest Growth
Type
Growth Rate
6.3%
Empty Capluse Market ($ Mn)
Country Share (%)
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Indonesia Empty Capsules Market Segmental Analysis
Indonesia Empty Capsules Market is segmented based Type, Origin, Functionality, Therapeutic Application, and End-use. Based on Type the market is segmented into Gelatin capsules (Hard Gelatin, Soft Gelatin), and Non Gelatin capsules (Hydroxypropyl Methylcellulose, Pullulan & Starch, and Others). Based on Origin the market is segmented into Vegetarian Origin, and Animal Origin. Based on Functionality the market is segmented into Immediate-release Capsules, Sustained-release Capsules, and Delayed-release Capsules. Based on Therapeutic Application the market is segmented into Antibiotic & Antibacterial Drugs, Dietary Supplements, Antacid & Anti flatulent, Anti-anemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough & Cold Drugs, and Other Therapeutic Applications. Based on End User the Indonesia Empty Capsules Market is segmented into Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, and Research Laboratories.
Analysis by Type
According to our analysis, gelatin capsules dominated the Indonesian empty capsules market, commanding 89.5% of the market share. Dominance expressed wherein gelatin capsules are majorly used in pharmaceutical and nutraceutical industries due to cost-effectiveness, ease of manufacturing, and proven efficacy in drug delivery. The reason behind the preference for gelatin capsules lies in their excellent bioavailability and the fact that it is able to encapsulate a wide range of substances.
On the other hand, non-gelatin capsules is to be the fastest-growing segment during the forecast period. This is driven by the growing vegetarian and vegan consumers in Indonesia who lookout for plant-based alternatives. Non-gelatin capsules, as generally manufactured from HPMC or pullulan, fulfill this demand with a suitable solution for avoiding products that have animal origins. This definitely turns into a trend, indicating the huge shift in consumer preferences, hence paving the way for fast and steep growth in the non-gelatin capsule market.
Analysis by Application
According to our analysis, in 2023, immediate-release capsules are dominating the Indonesia empty capsule market with a market share of 74.49%. The reason for the high requirement for these capsules is their ability to get dissolved quickly and release their active ingredients rapidly. Also, drugs under which instant action is required need such capsules, due to which their generalized major use in pharmaceuticals and nutraceuticals shows their significant contribution toward the healthcare requirement of the population, ultimately driving their considerable market share.
On the contrary, the segment of sustained-release capsules is projected to grow at the fastest rate during the forecast period. The high growth rate for this segment can be ascribed to the growing preference for drugs that allow the controlled and delayed release of active ingredients—to improve in patient adherence and therapeutic outcome. With continual developments in healthcare and consumer preferences evolving toward more evolved systems for drug delivery, the demand for sustained-release capsules will likely grow, thus being a notable trend in the Indonesia empty capsule market.
Indonesia Empty Capluse Market Size By Type
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Indonesia Empty Capsules Market Regional Insights
Our analysis indicates that in 2023 Indonesia’s empty capsule market represents approximately 2% of the total empty capsule market in the Asia-Pacific region. As Indonesia’s pharmaceutical industry continues to grow, driven by increasing healthcare demands and expanding production capacities, the empty capsule sector is also expected to experience significant expansion. The rising number of pharmaceutical manufacturing units and the growing adoption of capsules for drug delivery are likely to drive demand, contributing to a notable increase in Indonesia’s market share within the Asia-Pacific region.
Empty Capluse Market Size By Region
- Largest
- Fastest
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Indonesia Empty Capsules Market Dynamics
Drivers
Nutraceutical Growth Propels the Growth of Empty Capsule Market in Indonesia
- Presently, consumer awareness and demand for dietary supplements drive the empty capsules market in Indonesia. This trend is because of the fast-growing interest in dietary supplements and functional foods, further accelerated by the pandemic. The dietary supplements market in Indonesia stood at approximately 2.35 billion USD and is projected to grow at a CAGR of around 7%. Capsules bring versatility and convenience to the consumer due to their ease of ingestion and stability, thereby placing them as a preferred choice. As health-conscious choices evolve, the demand for empty capsules will continue to grow, supported by advancements in nutraceutical formulations and regulatory frameworks.
Growth in Aging Population in Indonesia Drives Empty Capsule Market Expansion
- The increasing aging population is one of the major factors driving the demand for empty capsules in Indonesia. With the elderly population growing at an alarming rate, especially in the fourth most populous country in the world, demand is surging for healthcare solutions in capsule form due to ease of consumption and precise dosing. According to our analysis the senior population, in Indonesia is expected to grow from 5% in 2010, to 11% by 2035. As a result, demand for age-related pharmaceutical and health care products, like vitamins, minerals, and drugs, comes to finally mean increased demand for empty capsules. Increasing demand would be further intensified through new product developments and regulatory approvals focused on elderly care.
Restraints
Cultural Practices and ethical concerns Hamper Growth of Indonesia's Empty Capsule Market
- Cultural practices and ethical concerns are a major challenge for the Indonesia Empty capsule market, primarily due to the use of animal-derived gelatin. With approximately 66.9 million vegetarians, or 25% of the population, there is significant resistance to gelatin-based capsules. This demographic seeks alternatives that align with their dietary preferences and ethical beliefs. To address this, manufacturers must innovate by offering vegetarian or plant-based capsules. Developing and promoting these alternatives can mitigate cultural and ethical concerns, expanding market reach and acceptance among Indonesia's diverse population and driving growth in the empty capsule market.
Logistics and Supply Chain Pose a Major Challenge for the Indonesia Empty Capsule Market
- logistics and supply chain networks of Indonesia poses a major challenge for the Indonesia empty capsule market due to the extended and varied archipelagic landscape. Entailing almost 20,000 islands, distribution requires the integration of maritime with land transportation, hence rendering timely delivery across remote regions and urban centers. Indonesia is ranked 29th in the world for logistics infrastructure, indicating that it has modest capacities but also leaving space for much-needed improvement. Manufacturers face issues such as infrastructure limitations, city congestion, and inter-island logistics. These challenges are an open call to the investment needed in transportation, connectivity, raising warehousing standards, and fine-tuning of networks. Stakeholders must therefore combine and optimize supply chains to enhance market penetration and customer satisfaction.
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Indonesia Empty Capsules Market Competitive Landscape
The Indonesia Empty Capsules Market is highly competitive and fragmented, with numerous players operating in the market. Some of the key strategies adopted by players in the market include mergers and acquisitions, 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.
Top Player’s Company Profiles
- Lonza Group Ltd. (Switzerland)
- Qualicaps, Inc. (United States)
- Snail Pharma Industry Co., Ltd. (China)
- Natural Capsules Ltd. (India)
- Shangdong Healsee Capsule Ltd. (China)
- ACG (India)
- Capsuline (United States)
- Xinchang County No.6 Capsule Factory (China)
- Mtntai (China)
- Xinchang County Top Health Capsule Co. (China)
Recent Developments
- In October 2023, Roquette, a global leader in plant-based ingredients and pharmaceutical excipients, announced the completion of the acquisition of Qualicaps from the Mitsubishi Chemical Group. Qualicaps is a manufacturer of hard capsules and pharmaceutical related equipment and is the third largest producer of hard capsules for oral dosage solutions.
- In November 2022, Lonza, a partner in the pharmaceutical, biotech, and nutraceutical markets, has introduced an innovative capsule solution for enteric drug delivery called the Capsugel® Enprotect™. This new capsule is designed to remain intact during stomach transit and release its contents only in the intestine. The Capsugel® Enprotect™ simplifies the drug manufacturing process by eliminating the need for additional coating or sealing, making production more efficient and cost-effective. This development highlights Lonza's commitment to advancing drug delivery technologies and enhancing its product offerings in the empty capsule market.
- In May 2022, Lonza expanded its Capsugel® product line by introducing a titanium dioxide-free (TiO2-free) white hard gelatin capsule. This innovation meets the increasing demand from customers for products that comply with the European Union's new regulations on titanium dioxide-free foods. This expansion reflects Lonza's commitment to adapting to regulatory changes and addressing consumer preferences for cleaner ingredients.
Indonesia Empty Capsules Key Market Trends
- 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.
- Growing Adoption of Capsule Filling Machines: The use of capsule filling machines is increasing as manufacturers seek to improve production efficiency and accuracy. These machines offer automated capsule filling, reducing the need for manual labor and increasing output.
- Rise of Nutraceuticals and Dietary Supplements: The demand for nutraceuticals and dietary supplements is increasing in Indonesia, leading to a higher demand for empty capsules to encapsulate these products. This trend is expected to continue as consumers become more health-conscious and seek natural remedies for health concerns.
- Advancements in Capsule Design and Delivery: The development of new capsule designs, such as enteric-coated and sustained-release capsules, is driving growth in the empty capsules market. These capsules offer improved drug delivery and can be used for a wide range of applications.Top of Form
Indonesia Empty Capsules Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Empty Capsules Market The growing elderly population, the high need for empty capsules in the pharmaceuticals, nutraceutical, and cosmeceutical sectors, and the growing customer preference for capsules over tablets are all driving the growth. The rising incidence of elderly people and the related chronic illnesses places a significant demand on the manufacture of therapeutically effective drugs to treat chronic health issues. The geriatric population prefers capsules in solid dose forms for a number of causes: they are easy to swallow, have faster dissolving times than other oral dosage forms, and produce less gastrointestinal irritation. As demand for pharmaceuticals and dietary supplements increases in Indonesia manufacturers of empty capsules are expanding their operations in Indonesia to tap into new growth opportunities.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.20 million |
| Market size value in 2031 | USD 7.23 billion |
| Growth Rate | 6.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Indonesia Empty Capsules Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Indonesia Empty Capsules Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Indonesia Empty Capsules Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Indonesia Empty Capsules Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Indonesia Empty Capsules Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Indonesia Empty Capsules Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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