Empty Capsules Market
Empty Capsules Market- Global Industry Size, Share, Trend Analysis & Forecast Report, 2018-2028, Segmented By Type (Gelatin Capsules, Non-Gelatin Capsules), By Functionality (Immediate-Release Capsules, Sustained-Release Capsules, Delayed-Release Capsules), By Therapeutic Application (Antibiotic & Antibacterial Drugs, Dietary Supplements, Antacid & Antiflatulent Preparations, Antianemic Preparations, Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Cough & Cold Drugs, Other Therapeutic Applications), By End User (Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)
- Published Date: April 2022
- Report ID: BWC22133
- Available Format: PDF
- Page: 186
Report Overview
The global empty capsules market is flourishing at a high rate owing to the rising demand for medicines and supplements and the benefits of capsule consumption over tablets as it offers higher drug absorption.
Global Empty Capsules Market- Industry Trends & Forecast Report 2028
The global empty capsules market was worth USD 2.7 billion in 2021 and is further projected to reach USD 4.3 billion by the year 2028, growing at the CAGR of 7.40% during the forecast period. The market is flourishing at a high rate owing to the rising demand for medicines and supplements and the benefits of capsule consumption over tablets as it offers higher drug absorption. Furthermore, the expanding pharmaceutical sector, especially in emerging economies, is also emerging as a major driving factor for market growth.
Empty Capsules - Overview
Empty capsules are a case for carrying generally medicines, herbs, powders, etc. They are usually made of gelatin, manufactured from the collagen of animal skin and bone. They are also made from plant polysaccharides or their derivatives. There are different types of empty capsules available in the market with different features. Some are kosher and halal certified, non-GMO certified, gluten-free, made from HPMC, dissolution speed, etc.
Global Empty Capsules Market Forecast and Trends
Growth Drivers
Flourishing Pharmaceutical Industry and Increasing Demand for Medicines
The rising demand for various medicines owing to the increasing prevalence of various chronic and infectious diseases is fueling the demand for capsules. Therefore, the pharmaceutical industry is significantly expanding its production capacities to meet the growing demand for medicines. Furthermore, the pharmaceutical industry is flourishing at a high rate, especially in emerging economies, which is anticipated to fuel the demand for empty capsules in the forecast period.
Increasing Demand for Halal and Vegetable-Based Empty Capsules
Most empty capsules are made of gelatin, which is a protein obtained by boiling skin, tendons, ligaments, and or bones with water. This is generally obtained from cows or pigs. However, increasing veganism among consumers and rising awareness towards the use of animal products is prompting empty capsule manufacturers to shift towards producing vegetable-based empty capsules. Furthermore, the negative association of cow or pig products in certain religions is also affecting the shift towards halal and vegetable-based empty capsules.
Restraints
Expanding Demand and Supply Gap for Gelatin
The demand for gelatin as a raw material is increasing at a high rate in several industries including pharmaceutical, food processing, dying & tanning, etc. However, the production of gelatin is not expanding to meet its market demand, which is creating a huge demand and supply gap in the market. Gelatin is also increasingly being used in the production of creams, lotions, along with empty capsules and dietary supplement capsules. This is emerging as a major restraining factor for the growth of the global empty capsules market.
Impact of COVID-19 on Empty Capsules Market
The COVID-19 pandemic outbreak negatively impacted the growth of the empty capsules market. The supply of empty capsules was hindered due to restrictions in distribution channels and operations of pharmaceutical companies, which largely affected its exports. Furthermore, the pharmaceutical companies and research institutes shifted their focus towards COVID-19 treatment and vaccine development. As a result, the launch of new generic medicines and nutraceuticals declined, resulting in a significant decline in the demand for empty capsules.
Global Empty Capsules Market - By Type
Based on type, the global empty capsules market is segmented into gelatin capsules and non-gelatin capsules. The gelatin capsules segment is further classified into porcine gelatin, bovine gelatin, bone meal, and other gelatin sources. The non-gelatin capsules are also categorized into hydroxypropyl methylcellulose and pullulan & starch. The gelatin capsules segment accounts for the largest market share owing to the availability of low-cost raw materials. However, the non-gelatin capsules type is anticipated to register the highest growth rate during the forecast period.
Global Empty Capsules Market - By End-User
Based on end-user, the global empty capsules market is segmented into the pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories. The pharmaceutical industry segment accounts for the largest market share owing to the increasing demand for various types of medicines due to the rising prevalence of medical conditions and preference for capsules over tablets. The expanding pharmaceutical industry, especially in emerging economies such as China and India also acts as a major driving factor for the growth of the empty capsules market.
Global Empty Capsules Market - Regional Insights
Geographically, the global empty capsules market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the empty capsules market owing to the rising demand for nutraceutical products due to consumer awareness. The demand for nutraceuticals is gaining huge traction since they are expected to provide physiological benefits and prevent chronic diseases. However, the Asia-Pacific region is projected to witness the highest growth rate during the forecast period.
Competitive Landscape
The leading market players of the empty capsules market are Capsugel, Inc., ACG Worldwide, Shanxi JC Biological Technology Co. Ltd, Bright Pharma Caps Inc., Nectar Lifesciences Ltd, Capscanada Corporation, Healthcaps India Ltd, Lonza Group, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Medi-Caps Ltd, Qingdao Yiqing Medicinal Capsules Co. Ltd, Qualicaps, Suheung Capsule Co. Ltd, Sunil Healthcare Ltd., Roxlor LLC, and other prominent players.
The empty capsules market is highly competitive and fragmented with the presence of several regional players. The companies launch different types of empty capsules and significantly focus on improving their distribution channels to increase their product penetration. Furthermore, the adoption of competitive strategies such as partnerships, collaborations, mergers, and acquisitions, etc., is also prominent in this market.
Scope of the Report
Attributes | Details |
Years Considered | Historical data – 2018-2021 |
Base Year – 2021 | |
Forecast – 2022 – 2028 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product Service/Segmentation | By Type, By Functionality, By Therapeutic Application, By End User, By Region |
Key Players | Capsugel, Inc., ACG Worldwide, Shanxi JC Biological Technology Co. Ltd, Bright Pharma Caps Inc., Nectar Lifesciences Ltd, Capscanada Corporation, Healthcaps India Ltd, Lonza Group, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Medi-Caps Ltd, Qingdao Yiqing Medicinal Capsules Co. Ltd, Qualicaps, Suheung Capsule Co. Ltd, Sunil Healthcare Ltd., Roxlor LLC, and other prominent players. |
By Type
- Gelatin Capsules
- Non-Gelatin Capsules
By Functionality
- Immediate-Release Capsules
- Sustained-Release Capsules
- Delayed-Release Capsules
By Therapeutic Application
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Antianemic Preparations
- Anti-Inflammatory Drugs
- Cardiovascular Therapy Drugs
- Cough & Cold Drugs
- Other Therapeutic Applications
By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetic Industry
- Research Laboratories
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Empty Capsules Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Empty Capsules Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- Gelatin Capsules
- Non-gelatin Capsules
- By Functionality
- Immediate-release Capsules
- Delayed-release Capsules
- Sustained-release Capsules
- By Therapeutic Application
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Cardiovascular Therapy Drugs
- Other Therapeutic Applications
- By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Research Laboratories
- By Region
- North America
- Europe
- The Asia-Pacific
- Latin America
- The Middle-East and Africa
- By Product
- Market Size & Forecast by Value, 2018-2028
- North America Empty Capsules Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Functionality
- By Therapeutic Application
- By End User
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Empty Capsules Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Functionality
- By Therapeutic Application
- By End User
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- Asia Pacific Empty Capsules Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Functionality
- By Therapeutic Application
- By End User
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Empty Capsules Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Functionality
- By Therapeutic Application
- By End User
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- Middle East & Africa Empty Capsules Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Functionality
- By Therapeutic Application
- By End User
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership.)
- Impact of COVID-19 on Global Empty Capsules Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Capsugel
- ACG Worldwide
- Qualicaps
- Suheung Co. Ltd.
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Mitsubishi Chemical Holdings Corporation
- Shanxi Guangsheng Medicinal Capsules Co., Ltd.
- Healthcaps India Ltd.
- Medi-Caps Ltd
- Lonza Group (Capsugel)
- Bright Pharma Caps Inc.,
- Roxlor LLC
- Snail Pharma Industry Co. Ltd
- Suheung Co., Ltd
- Sunil Healthcare Ltd
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1 Global Empty Capsules Segmentation
Figure 2 Global Empty Capsules Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 6 Global Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 7 Global Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 8 Global Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 9 Global Empty Capsules Market Share, By Region, By Value, 2018-2028
Figure 10 North America Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 11 North America Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 12 North America Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 13 North America Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 14 North America Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 15 North America Empty Capsules Market Share, By Country, By Value, 2018-2028
Figure 16 Europe Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 17 Europe Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 18 Europe Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 19 Europe Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 20 Europe Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 21 Europe Empty Capsules Market Share, By Country, By Value, 2018-2028
Figure 22 Asia-Pacific Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 23 Asia-Pacific Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 24 Asia-Pacific Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 25 Asia-Pacific Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 26 Asia-Pacific Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 27 Asia-Pacific Empty Capsules Market Share, By Country, By Value, 2018-2028
Figure 28 Latin America Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 29 Latin America Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 30 Latin America Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 31 Latin America Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 32 Latin America Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 33 Latin America Empty Capsules Market Share, By Country, By Value, 2018-2028
Figure 34 Middle East & Africa Empty Capsules Market Size, By Value (USD Million), 2018-2028
Figure 35 Middle East & Africa Empty Capsules Market Share, By Product, By Value, 2018-2028
Figure 36 Middle East & Africa Empty Capsules Market Share, By Function, By Value, 2018-2028
Figure 37 Middle East & Africa Empty Capsules Market Share, By Therapeutic Application, By Value, 2018-2028
Figure 38 Middle East & Africa Empty Capsules Market Share, By End User, By Value, 2018-2028
Figure 39 Middle East & Africa Empty Capsules Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 2 Global Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 3 Global Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 4 Global Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 5 Global Empty Capsules Market Size, By Region, By Value, 2018-2028
Table 6 North America Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 7 North America Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 8 North America Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 9 North America Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 10 North America Empty Capsules Market Size, By Country, By Value, 2018-2028
Table 11 Europe Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 12 Europe Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 13 Europe Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 14 Europe Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 15 Europe Empty Capsules Market Size, By Country, By Value, 2018-2028
Table 16 Asia-Pacific Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 17 Asia-Pacific Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 18 Asia-Pacific Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 19 Asia-Pacific Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 20 Asia-Pacific Empty Capsules Market Size, By Country, By Value, 2018-2028
Table 21 Latin America Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 22 Latin America Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 23 Latin America Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 24 Latin America Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 25 Latin America Empty Capsules Market Size, By Country, By Value, 2018-2028
Table 26 Middle East & Africa Empty Capsules Market Size, By Product, By Value, 2018-2028
Table 27 Middle East & Africa Empty Capsules Market Size, By Function, By Value, 2018-2028
Table 28 Middle East & Africa Empty Capsules Market Size, By Therapeutic Application, By Value, 2018-2028
Table 29 Middle East & Africa Empty Capsules Market Size, By End User, By Value, 2018-2028
Table 30 Middle East & Africa Empty Capsules Market Size, By Country, By Value, 2018-2028
Table 31 Capsugel Company Overview
Table 32 Capsugel Financial Overview
Table 33 ACG Worldwide Company Overview
Table 34 ACG Worldwide Financial Overview
Table 35 Suheung Co. Ltd. Company Overview
Table 36 Suheung Co. Ltd. Financial Overview
Table 37 CapsCanada Corporation Company Overview
Table 38 CapsCanada Corporation Financial Overview
Table 39 Mitsubishi Chemical Holdings Corporation Company Overview
Table 40 Mitsubishi Chemical Holdings Corporation Financial Overview
Table 41 Healthcaps India Ltd. Company Overview
Table 42 Healthcaps India Ltd. Financial Overview
Table 43 Medi-Caps Ltd Company Overview
Table 44 Medi-Caps Ltd Financial Overview
Table 45 LonzaGroup (Capsugel) Company Overview
Table 46 LonzaGroup (Capsugel) Financial Overview
Table 47 Bright Pharma Caps Inc., Company Overview
Table 48 Bright Pharma Caps Inc., Financial Overview
Table 49 Roxlor LLC Company Overview
Table 50 Roxlor LLC Financial Overview
Table 51 Snail Pharma Industry Co. Ltd Company Overview
Table 52 Snail Pharma Industry Co. Ltd Financial Overview
Table 53 Suheung Co., Ltd Company Overview
Table 54 Suheung Co., Ltd Financial Overview
Table 55 Sunil Healthcare Ltd Company Overview
Table 56 Sunil Healthcare Ltd Financial Overview
Market Segmentation
By Type
- Gelatin Capsules
- Non-Gelatin Capsules
By Functionality
- Immediate-Release Capsules
- Sustained-Release Capsules
- Delayed-Release Capsules
By Therapeutic Application
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Antianemic Preparations
- Anti-Inflammatory Drugs
- Cardiovascular Therapy Drugs
- Cough & Cold Drugs
- Other Therapeutic Applications
By End User
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetic Industry
- Research Laboratories
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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