Indonesia Empty Capsules Market

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 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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FAQs

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 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. '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)'

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.

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.

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.

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Indonesia Empty Capsules Market

Report ID: SQMIC35I2335

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