Market Overview: The Global Empty Capsules Market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.5%, increasing from USD 1.86 billion in 2019 to USD 2.90 billion by 2027. Key growth drivers include the expanding geriatric population, high demand in the pharmaceutical, nutraceutical, and cosmeceutical sectors for empty capsules, and a rising consumer preference for tablet capsules.
The increased prevalence of chronic diseases among the elderly has generated a greater need for medications that are therapeutically suitable. The elderly population tends to favor solid dosage forms like capsules, appreciating their ease of consumption, quicker dissolution times, and reduced gastrointestinal discomfort compared to other oral forms.
Consumers particularly prefer capsules due to their rapid disintegration, leading to faster absorption rates. Additionally, the utilization of tasteless and odorless gelatin coatings enhances the overall appeal of capsules. Examples such as cod liver oil capsules and CosmoPod capsules are favored in pharmaceutical, nutraceutical, and cosmeceutical industries, contributing to the global demand for empty capsules.
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Product Outlook: The empty capsules market is categorized into gelatin and non-gelatin capsules. The gelatin capsule segment holds over three-fourths of the market share, with factors such as low non-gelatin capsule costs, easy availability of gelatin in production, and high protein content in gelatin contributing to its dominance. Despite this, the non-gelatin capsules market is expected to grow at a lucrative CAGR, driven by factors such as the plant-based origin, bypassing religious concerns, and improved stability compared to gelatin capsules.
Therapeutic Application Outlook: Key therapeutic applications for empty capsules include antibiotic and antibacterial drugs, anti-inflammatory and anti-rheumatic drugs, cardiac therapies, vitamins and supplements, anti-acidic and anti-flatulence medications, anti-anemic preparations, and cough and cold preparations. The antibiotic and antibacterial drugs segment leads in revenue due to the high prevalence of infectious diseases and chronic conditions worldwide, driving pharmaceutical demand.
End-Use Outlook: The empty capsules market serves the pharmaceutical, nutraceutical, and cosmetic industries, along with diagnostic laboratories. The pharmaceutical industry holds the largest market share, driven by the popularity of capsules in treating various chronic and infectious diseases.
Regional Outlook: North America dominates the market revenue share, attributed to the prevalence and market perception of the nutraceutical and cosmeceutical industries. Factors such as health trends and the rising use of nutraceuticals to address health issues contribute to the demand for empty capsules in the region.
Market-O-Nomics: The key drivers of the empty capsules market include the acceptance of capsules among the geriatric population, advancements in the pharmaceutical industry through increased R&D and clinical research activities, and technological developments in capsule delivery.
The immediate release capsular market is anticipated to experience increased growth, particularly in the manufacture of antibiotics, antibacterial drugs, antacids, painkillers, inhalers, cough and cold medicines, and dietary supplements.
The dietary supplements segment is poised for rapid growth, influenced by factors such as a growing awareness of safety, access to medical care in the developing world, increased prevalence of lifestyle diseases, and the use of vitamin capsules as over-the-counter medications.
Companies considered and profiled in this market study include ACG Associated Capsules Pvt. Ltd., Capsugel Inc., CapsCanada Corporation, JC Biological Technology Co. Ltd, Medicaps Ltd., Mitsubishi Chemical Holdings Corporation, Qualicaps, Inc., Patheon, Inc., Sunil Healthcare Ltd., and Roxlor LLC, among others.
Start-ups: The empty capsules industry offers significant opportunities for small producers and startups to develop cost-effective solutions for advanced driver aid product manufacturing. The increasing demand from coating manufacturers inspires startups to innovate in this sector.
Deal Landscape: Mergers and Acquisitions are integral to the Empty Capsules industry. Key market players, along with new entrants, have engaged in such activities.
Segments Covered in the report: This report forecasts revenue growth globally, regionally, and at the country level, providing an analysis of market trends in each sub-segment from 2017 to 2027. The report covers Product, Therapeutic Application, End-Use, and region.
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For this study, Reports and Data segmented the Empty Capsules market based on Product, Therapeutic Application, End-Use, and region:
- Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027):
- Gelatin Capsules
- Non-Gelatin capsules
- Therapeutic Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027):
- Antibiotic and antibacterial drugs
- Vitamin and dietary supplements
- Antacids and ant flatulent preparations
- Antianemic preparations
- Anti-inflammatory and anti-rheumatic drugs
- Cardiac therapy drugs
- Cough and cold preparations
- End-Use Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027):
- Pharmaceutical industries
- Nutraceutical industries
- Cosmeceutical industries
- Research laboratories
- Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027):
- North America
- U.S
- Canada
- Europe
- U.K
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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