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Empty Capsules Market
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Empty Capsules Market

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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 Market

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)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Empty Capsules Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Empty Capsules Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
        1. Gelatin Capsules
        2. Non-gelatin Capsules
      2. By Functionality
        1. Immediate-release Capsules
        2. Delayed-release Capsules
        3. Sustained-release Capsules
      3. By Therapeutic Application
        1. Antibiotic and Antibacterial Drugs
        2. Vitamins and Dietary Supplements
        3. Antacid and Antiflatulent Preparations
        4. Cardiovascular Therapy Drugs
        5. Other Therapeutic Applications
      4. By End User
        1. Pharmaceutical Industry
        2. Nutraceutical Industry
        3. Cosmetics Industry
        4. Research Laboratories
      5. By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle-East and Africa
  6. North America Empty Capsules Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Functionality
      3. By Therapeutic Application
      4. By End User
      5. By Country
        1. United States
        2. Canada
  7. Europe Empty Capsules Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Functionality
      3. By Therapeutic Application
      4. By End User
      5. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  8. Asia Pacific Empty Capsules Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Functionality
      3. By Therapeutic Application
      4. By End User
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Empty Capsules Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Functionality
      3. By Therapeutic Application
      4. By End User
      5. By Country
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  10. Middle East & Africa Empty Capsules Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Product
      2. By Functionality
      3. By Therapeutic Application
      4. By End User
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  12. Impact of COVID-19 on Global Empty Capsules Industry
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Capsugel
    2. ACG Worldwide
    3. Qualicaps
    4. Suheung Co. Ltd.
    5. CapsCanada Corporation
    6. Qingdao Yiqing Medicinal Capsules Co., Ltd.
    7. Mitsubishi Chemical Holdings Corporation
    8. Shanxi Guangsheng Medicinal Capsules Co., Ltd.
    9. Healthcaps India Ltd.
    10. Medi-Caps Ltd
    11. Lonza Group (Capsugel)
    12. Bright Pharma Caps Inc.,
    13. Roxlor LLC
    14. Snail Pharma Industry Co. Ltd
    15. Suheung Co., Ltd
    16. Sunil Healthcare Ltd
    17. Other Prominent Players
  14. 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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Frequently Asked Questions (FAQs):

Ans: The empty capsules market reached USD 2.7 billion in 2021.
Ans: The major factors driving the growth of the empty capsules market are flourishing pharmaceutical industry and increasing demand for medicines and increasing demand for halal and vegetable-based empty capsules.
Ans: The key players in 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.
Ans: The pharmaceutical industry segment accounted for the largest share in the empty capsules market.
Ans: North America has the largest share in the empty capsules market.