Global Empty Capsules
Market Report
2024
The Global Empty Capsules market size is USD 3.0 billion in 2023 and will rise at a compound annual growth rate (CAGR) of 9.60% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Empty Capsules Market Report 2024.
According to Cognitive Market Research, The Global Empty Capsules market size is USD 3000 million in 2023 and will rise at a compound annual growth rate (CAGR) of 9.60% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Empty Capsules Market Sales Revenue 2023 | $ 3 Billion |
Global Empty Capsules Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.6% |
North America Empty Capsules Market Sales Revenue 2023 | $ 1200 Million |
Europe Empty Capsules Market Sales Revenue 2023 | $ 960 Million |
Asia Pacific Empty Capsules Market Sales Revenue 2023 | $ 600 Million |
South America Empty Capsules Market Sales Revenue 2023 | $ 150 Million |
Middle East and Africa Empty Capsules Market Sales Revenue 2023 | $ 90 Million |
Market Split by Type |
|
Market Split by End User |
|
Market Split by Functionality |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Empty Capsules industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Empty Capsules Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The empty capsules market is a crucial component of the pharmaceutical and nutraceutical industries, providing a convenient and standardized means for encapsulating various drug formulations, dietary supplements, and herbal extracts. These capsules come in two primary types: gelatine-based and vegetarian/vegan capsules, catering to different consumer preferences and dietary restrictions. With increasing demand for oral dosage forms and dietary supplements, the empty capsules market continues to witness steady growth, driven by pharmaceutical research and development, health and wellness trends, and expanding consumer markets.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Empty Capsules industry.
Empty capsules provide a convenient and versatile means to encapsulate a wide range of drugs, facilitating precise dosage control and enhancing patient compliance. Furthermore, the demand for dietary supplements and nutraceuticals is on the rise as consumers become more health-conscious, and empty capsules offer a preferred and standardized delivery mechanism for these products.
The growing aging population worldwide, coupled with the rising incidence of chronic diseases, drives the need for pharmaceuticals and supplements, contributing to the steady growth of the empty capsules market. Lastly, innovations in capsule technology, including the development of vegetarian and vegan capsules to cater to dietary preferences and restrictions, continue to expand the market's appeal.
Consumers worldwide have increased focus on health and wellness; there's a growing demand for vitamins, minerals, and herbal supplements, often delivered in capsule form. This trend is driven by a desire for preventive healthcare and the pursuit of a healthy lifestyle. Furthermore, an aging global population seeks solutions to age-related health concerns, further boosting the demand for dietary supplements in capsule format.
The industry's innovation in developing specialized and customized capsules, including those for targeted release or unique formulations, addresses these evolving consumer needs, contributing to the market's growth. Lastly, the widespread acceptance and preference for clean-label and transparent products have created opportunities for manufacturers to provide plant-based, non-GMO, and organic empty capsules to cater to health-conscious consumers, thereby fuelling market expansion.
The restraining factor for the growth of the empty capsule market is the increased scrutiny and regulatory challenges surrounding certain capsule materials. Gelatine-based capsules are commonly used, but there are concerns related to their animal-derived origin and religious or dietary restrictions, leading to a shift towards vegetarian or vegan alternatives. Additionally, the limited availability of high-quality vegetarian or vegan capsule materials and the higher cost associated with producing them can hinder the market growth. Furthermore, supply chain disruptions and fluctuations in raw material prices can create challenges in maintaining stable production and supply of empty capsules, affecting the overall market.
The COVID-19 pandemic had mixed impacts on the empty capsules market. Initially, there was a surge in demand for empty capsules, driven by increased interest in dietary supplements, vitamins, and other health products to bolster immune systems. However, the supply chain disruptions leading to the pandemic led to shortages and increased production costs for empty capsules. Additionally, lockdowns and restrictions hampered research and development activities, which could have otherwise led to further innovations in the pharmaceutical and nutraceutical sectors. Overall, while the pandemic initially boosted demand, it also posed operational challenges and highlighted vulnerabilities in the supply chain of empty capsules.
We have various report editions of Empty Capsules Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The market for Empty Capsules has a very active and diverse competitive environment. It is comprised of several key players and a mix of global and regional manufacturers. Competition in the empty capsules market often revolves around factors like product quality, pricing, regulatory compliance, and the ability to meet a broad range of customer requirements.
Top Companies Market Share in Empty Capsules Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 40% of the global revenue due to several variables. The North American region dominates the market for Empty Capsules due to a robust pharmaceutical industry and a significant presence of major pharmaceutical and nutraceutical manufacturers. The region's high healthcare standards, technological advancements, and stringent regulatory framework create a favorable environment for the production and usage of empty capsules. Additionally, a strong consumer preference for dietary supplements and herbal remedies further drives the demand for empty capsules, contributing to the region's market dominance.
According to Cognitive Market Research, due to its extensive pharmaceutical and dietary supplements industries, the United States is anticipated to hold a strong position in the North American area. It is home to numerous pharmaceutical companies, nutraceutical manufacturers, and supplement brands, all of which heavily rely on empty capsules for their products. The country's regulatory standards and stringent quality control also reinforce its leadership in the production and use of empty capsules.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region's rapid urbanization, rising middle-class population, and increased healthcare awareness have fuelled the demand for pharmaceuticals and dietary supplements, where empty capsules play a vital role as dosage forms. Additionally, the region's expanding pharmaceutical and nutraceutical industries, coupled with the availability of cost-effective labor, have made it a preferred destination for manufacturing empty capsules, driving market growth. Furthermore, the adoption of vegetarian and vegan capsules aligns with the region's diverse dietary preferences and cultural considerations, further accelerating the market's expansion.
The current report Scope analyzes Empty Capsules Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 40% of the global revenue due to several variables. The North American region dominates the market for Empty Capsules. The market of empty capsules in North America is primarily driven by the robust pharmaceutical and nutraceutical industries in the region. The United States, in particular, houses numerous pharmaceutical companies and dietary supplement manufacturers that rely on empty capsules for drug delivery and supplement encapsulation. The region's stringent quality standards, regulatory framework, and technological advancements foster a favorable environment for the production and use of empty capsules. Additionally, the increased focus on health and wellness, coupled with growing consumer interest in dietary supplements, has fuelled the demand for empty capsules, making North America a dominant force in the market.
According to Cognitive Market Research, Europe accounted for a share of more than 32% of the global revenue due to several variables. The pharmaceutical industry in the region is a significant driver, with increasing research and development activities leading to a growing demand for empty capsules as an effective dosage form. Further, the emphasis on health and wellness among European consumers has contributed to the popularity of dietary supplements, herbal products, and nutraceuticals, which often use empty capsules for delivery. Also, a preference for clean-label and allergen-free products has led to the adoption of vegetarian and vegan capsules, making them a sought-after choice for health-conscious individuals in Europe. Lastly, the robust regulatory framework and quality standards in the European pharmaceutical and dietary supplement industries have encouraged the use of empty capsules, ensuring their safety and effectiveness for consumers.
According to Cognitive Market Research, Asia Pacific accounted for a share of more than 20% of the global revenue due to several variables. The region's rapidly growing pharmaceutical and nutraceutical industries, coupled with a rising middle-class population and increasing healthcare awareness, have boosted the demand for empty capsules as an essential dosage form. The preference for plant-based, vegetarian, and vegan capsules aligns with the diverse dietary preferences and cultural considerations in the region, contributing to market growth. Further, the expanding healthcare infrastructure, pharmaceutical manufacturing capabilities, and increasing investments in research and development have further fuelled the market's expansion. Lastly, the trend toward health and wellness and the growing popularity of dietary supplements and traditional herbal medicines in Asia-Pacific are driving the demand for empty capsules to encapsulate these formulations.
According to Cognitive Market Research, South America accounted for a share of more than 5% of the global revenue due to several variables. The region's burgeoning pharmaceutical industry and a growing population with increasing access to healthcare are spurring the demand for empty capsules, which serve as an essential dosage form for a wide range of medications. Secondly, the rise in consumer awareness about health and wellness has led to an increased demand for dietary supplements and vitamins, where empty capsules play a pivotal role as a preferred delivery method. Additionally, the adoption of vegetarian and vegan capsules aligns with the diverse dietary preferences in South America and has driven the market's expansion. Lastly, the region's regulatory environment has become more conducive to the production and usage of empty capsules, contributing to market growth and making it an attractive destination for both local and international capsule manufacturers.
According to Cognitive Market Research, The Middle East and Africa accounted for a share of more than 3% of the global revenue due to several variables. The market for empty capsules in the Middle East and Africa (MEA) is primarily driven by the region's growing pharmaceutical and nutraceutical industries. As the population in MEA continues to grow, there is an increasing need for access to healthcare, medications, and dietary supplements, all of which rely on empty capsules for drug delivery and supplement encapsulation. Additionally, the region's expanding middle class and rising consumer awareness of health and wellness are contributing to a surge in demand for both pharmaceuticals and dietary supplements, thereby boosting the market. Furthermore, advancements in healthcare infrastructure and a focus on preventive medicine are supporting the growth of the pharmaceutical sector, resulting in a higher demand for empty capsules in the region.
Global Empty Capsules Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Empty Capsules Industry growth. Empty Capsules market has been segmented with the help of its Type, End User Functionality, and others. Empty Capsules market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, gelatine capsules are the type that is utilized the most frequently in the market for Empty Capsules. They have a long history of safe use and are widely accepted by both the pharmaceutical and nutraceutical industries. Gelatine capsules are versatile, accommodating a wide range of formulations, including powders, liquids, and semi-solids, making them suitable for a variety of applications. Lastly, gelatine capsules are cost-effective to produce and are often the preferred choice for manufacturers, especially in pharmaceuticals, where precise dosage forms and ease of production are essential.
HPMC (Hydroxypropyl Methylcellulose) is the fastest-growing type used due to its suitability for vegetarian and vegan consumers, aligning with the rising demand for plant-based and allergen-free options. HPMC capsules also cater to individuals with religious or dietary restrictions, broadening their market appeal. Additionally, the increasing awareness of sustainability and the environmental impact of capsule production have driven the adoption of HPMC capsules, as they are often considered a more eco-friendly alternative to traditional gelatine capsules.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Empty Capsules Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the pharmaceutical industry is the dominant end-user of empty capsules. Empty capsules are a crucial and widely accepted dosage form for oral drug delivery, catering to a vast array of pharmaceutical products. The pharmaceutical sector's continuous research and development efforts, along with a growing demand for innovative drug formulations, drive the need for empty capsules with diverse functionalities and materials. Further, regulatory standards and stringent quality control in the pharmaceutical industry necessitate reliable and consistent encapsulation methods, making empty capsules a preferred choice for drug manufacturers.
The nutraceutical industry's capsules are the second-most popular end user in the market of empty capsules due to the rising emphasis on health and wellness. Consumers are turning to dietary supplements and herbal products to meet their nutritional and well-being needs, driving substantial demand for empty capsules as a preferred delivery method. This growth is further fuelled by a desire for convenience and standardized dosages, with empty capsules offering an efficient and easily customizable solution for encapsulating a wide array of nutraceutical formulations.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Immediate-release capsules dominate the empty capsules market due to their versatility and broad applicability. They offer a convenient and efficient means of delivering various drug formulations, dietary supplements, and nutraceuticals, catering to a broad range of consumer needs. The immediate-release functionality ensures that the contents are released quickly in the gastrointestinal tract, allowing for rapid absorption and the delivery of the intended benefits, making these capsules suitable for a vast array of pharmaceutical and nutraceutical applications.
According to Cognitive Market Research, sustained-release capsules is the second-most popular functionality. These capsules are designed to release the contents gradually over an extended period, ensuring a sustained therapeutic effect and minimizing the frequency of dosing. This functionality is highly valuable for medications requiring controlled and prolonged drug release, making sustained-release capsules a preferred choice in the pharmaceutical industry.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Empty Capsules Market is witnessing significant growth in the near future.
In 2023, the Gelatine Capsules segment accounted for noticeable share of global Empty Capsules Market and is projected to experience significant growth in the near future.
The Pharmaceutical Industries segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ACG Worldwide , CapsCanada Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Gelatine Capsules, Porcine Gelatine, Bovine-Derived Gelatine, Bone Meal Gelatine, Non-Gelatine Capsules, HPMC, Others |
End User | Pharmaceutical Industries, Nutraceutical Industries, Cosmetic Industries, Research Laboratories |
Functionality | Immediate-Release Capsules, Sustained-Release Capsules, Delayed-Release Capsules |
List of Competitors | ACG Worldwide , Bright Pharma Caps Inc., CapsCanada Corporation, Lonza Group Ltd. (Capsugel), Medi-Caps Ltd., Mitsubishi Chemical Holdings Corporation (Qualicaps Inc.), Roxlor LLC, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd, Sunil Healthcare Ltd., Suheung Co. Ltd., Shanxi Guangsheng Medicinal Capsules Co. Ltd., Sunil Healthcare Limited, Healthcaps India Ltd., Nectar Lifesciences Ltd., Shanxi Leixin Pharmaceutical Co. Ltd., Natural Capsules Limited, Qingdao Yiging Medicinal Capsules Co. Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Empty Capsules. Further deep in this chapter, you will be able to review Global Empty Capsules Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Functionality Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Empty Capsules market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Gelatine Capsules have a significant impact on Empty Capsules market? |
What are the key factors affecting the Gelatine Capsules and Porcine Gelatine of Empty Capsules Market? |
What is the CAGR/Growth Rate of Pharmaceutical Industries during the forecast period? |
By type, which segment accounted for largest share of the global Empty Capsules Market? |
Which region is expected to dominate the global Empty Capsules Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Empty Capsules Market
Request Sample