Empty Capsules Market – By Product (Gelatin, And Non-Gelatin Capsules), By Therapeutic Application (Vitamin & Dietary Supplements, Cold & Cough Drugs, Cardiovascular Therapy Drugs, Anti-Inflammatory Drugs, Antibiotic & Antibacterial Drugs, Antianaemic Preparations, Antacid & Antiflatulent Preparations, And Others), By Raw Materials (Bone, Pig Meat, Bovine Meat, Hydroxypropyl Methylcellulose, And Others), By End User (Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry)

Empty Capsule is an edible package filled with drugs mainly used for oral consumption. It refers to the encapsulation of dosage forms, in a relatively stable shell, allowing it to be consumed orally. Capsules contain encapsulate medicines and act as an alternative to tablets. Empty capsules have certain advantages over conventional dosages like tablets as because they can deliver solid, semi-solid, and non-aqueous liquid doses. Majority of the active pharmaceutical constituents such as vitamins, herbs, and drug substances are not edible and therefore capsules are used in masking the taste of the drugs. The major factors boosting the growth of the empty capsules market are the rising popularity of capsules over other drug delivery forms, and increasing strategic collaborations between capsule suppliers and gelatin producers. The market size of the Empty Capsules Market is anticipated to grow from USD 2.3 billion in 2020 to USD 4.6 billion by 2030, at a CAGR of 7.5% approx., during the forecast period.

Market Segmentation:

On the basis of product, the empty capsules market can be bifurcated into gelatin and non-gelatin capsules. Based on therapeutic applications, the market can be segmented into vitamin & dietary supplements, cold & cough drugs, cardiovascular therapy drugs, anti-inflammatory drugs, antibiotic & anti-bacterial drugs, anti-anaemic preparations, antacid & anti-flatulent preparations, and others. According to raw materials, the empty capsules market can be classified into bone, pig meat, bovine meat, hydroxypropyl methylcellulose, and others. By end user, the market can be categorised into pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

The rising geriatric population, developments and innovations in the pharmaceutical sector, and advancements in capsule production and development technologies are the major factors boosting the growth of the empty capsules market. In addition to that, the growing awareness regarding the benefits of empty capsules over other oral dosages has led to its increased demand in home care settings which is another boosting factor. However, increasing cost of raw materials like gelatin, aversion of vegetarian consumers towards animal-derived gelatin capsules are major factors hindering the growth of the empty capsules market.

Geographic Analysis:

North America is expected to dominate the global empty capsules market in terms of market share during the forecast period. Growing awareness among consumers pertaining to nutraceutical products, large number of capsule manufacturers & pharmaceutical companies, developed healthcare sector are major factors attributing towards the market growth. In addition to that, changing lifestyles has increased the demand of cosmetic and dietary supplements which in turn has propelled the market growth of empty capsules in North America. Europe is the second most developed market for global empty capsules. The healthcare segment contributes to a large part of the GDP of the European nations. The Governments in the euro nations finance healthcare systems and prioritize healthcare expenses, which in turn drives the empty capsules market there. Asia Pacific region is estimated to record the highest growth rate during the forecast period. Medical tourism, rising healthcare awareness, rising disposable income and enhanced lifestyles are key factors attributing towards the market growth of empty capsules in APAC region. The Latin America and Middle East & Africa market is immature and is expected to witness sluggish growth during the forecast period.

Competitive Scenario:

The key players operating in empty capsules market are –

ACG Worldwide, Capsugel, Suheung Co, Qualicaps, Bright Pharma Caps Inc, Capscanada Corporation, Natural Capsules Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd, Sunil Healthcare, Medi-Caps Ltd, Snail Pharma Industry Co.

Empty Capsules Market Report Scope