Empty Capsules Market
Empty Capsules Market Size, Share & Trends Analysis Report by Product (Gelatin Capsules, and Non-Gelatin Capsules), by Functionality (Immediate-Release Capsules, Delayed-Release Capsules, and Sustained-Release Capsules), by Therapeutic Application (Antibiotic and Antibacterial Drugs, Vitamins and Dietary Supplements, Antacid and Antiflatulent Preparations, Cardiovascular Therapy Drugs, and Other Therapeutic Applications), and by End-Use (Pharmaceutical Industry, Nutraceutical Industry, Cosmetics Industry, and Research Laboratories) Forecast Period (2024-2031)
Empty capsules market is anticipated to grow at a CAGR of 8.1% during the forecast period (2024-2031). Empty capsule is a small container designed to hold a dose of medication or supplement in powder, liquid, or granular form. The capsules are typically made from two materials gelatin, cellulose, or vegetarian-based materials. The market growth is attributed to increasing demand for capsules in the pharmaceutical industry, growing acceptance of capsule-based drug delivery, escalating prevalence of chronic illnesses, and an aging population. The development of novel materials for empty capsule production is anticipated to offer lucrative opportunities for market growth.
Market Dynamics
Growing Pharmaceutical Industry
The growth of the empty capsule industry is highly reliant on the production, consumption, and development of novel drug formulations and medicines in the pharmaceutical industry. Globally, drug development and consumption of medication have been on the rise in the last decade owing to the aging population. The rising number of chronic diseases requiring regular medication, and the development of other supplement-based medications, has driven the demand for the empty capsules market. For instance, as per the Pharmaceutical Industry and Global Health Report, in 2020, 53 new medicines were launched, while currently, more than 9,000 compounds are at different stages of development globally. Additionally, in 2021, the number of drugs in development for disease areas was cancer 3,148, immunology 1,677, neurology 1,668, and infectious diseases 1,488.
Increasing Health Awareness & Medication Acceptance
The demand for dietary supplements and nutraceuticals has exponentially increased in recent years owing to an increase in awareness about the consumption of nutritional supplements as an approach to preventive healthcare. Further, the rise has been stimulated by healthcare professionals to incorporate essential nutritional supplements in routine diets, especially in the aging population is driving the global empty capsule market.
Market segmentation
- Based on product, the market is segmented into gelatin capsules and non-gelatin capsules.
- Based on functionality, the market is segmented into immediate-release capsules, delayed-release capsules, and sustained-release capsules.
- Based on the therapeutic application, the market is segmented into antibiotic and antibacterial drugs, vitamins and dietary supplements, antacid and antiflatulent preparations, cardiovascular therapy drugs, and other therapeutic applications.
- Based on the end-user, the market is segmented into the pharmaceutical industry, nutraceutical industry, cosmetics industry, and research laboratories.
Gelatin Holds Substantial Share in the Empty Capsules Market
Gelatin capsules made from animal-derived gelatin are highly demanded in the market owing to their cost-effectiveness, and ease of use. Gelatin capsules are an essential composition in oral dosage form for the delivery of life-saving medications, vitamins, minerals, and other healthful elements. The growth of the segment is driven by the capsules’ ability to provide consistent dosing, portability, and excellent consumer compliance. Innovations such as liquid-filled hard gelatin capsules offer benefits over soft gelatin capsules, including ease of scalability, contributing to the growth of this market segment.
Pharmaceutical Industry Dominates the Empty Capsules End-User Segment
Empty capsules were primarily formulated and are widely consumed in different capsules manufactured for the pharmaceutical industry. They are used to encapsulate both solid and liquid drug formulations, providing a safe and effective way to deliver medicines to patients. Further, protection of medications, drug delivery, material options, ease of swallowing, and technological advancements are some key factors contributing to the increasing consumption of empty capsules in the pharmaceutical industry.
Regional Outlook
The global empty capsules market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America holds the Largest Market Share in Empty Capsule Market
North America holds the highest share of the empty capsule market share which can be attributed to the growing consumption of pharmaceutical drugs. The presence of major pharmaceutical companies such as AstraZeneca, and Pfizer, among others that are making advancements in drug development, and technological advancements in production processes to meet the regional demand is further aiding the regional market growth. The high regional investment in the R&D of new drugs is a major contributor to the regional market growth. For instance, according to the Congressional Budget Office, in 2019, the US pharmaceutical industry spent $83.0 billion on R&D. Adjusted for inflation, that amount is about 10 times what the industry spent per year in the 1980s. Additionally, between 2010 and 2019, the number of new drugs approved for sale increased by 60 percent compared with the previous decade, with a peak of 59 new drugs approved in 2018.
Global Empty Capsules Market Growth by Region 2024-2031
Asia-Pacific is Anticipated to Exhibit the Fastest CAGR in the Global Empty Capsule Market
- The region holds the fastest-growing pharmaceutical industry across emerging economies such as China, India, and Vietnam which are generic medicine exporting countries to Europe and the US.
- The increasing levels of the aging population and chronic disease patients across the region is further fueling demand for the consumption of several drugs in the region.
Major Player outlook
*Note: Major Players Sorted in No Particular Order
The major companies serving in the global empty capsules market include ACG Worldwide, Capsugel Corp., and Medi-Caps Ltd. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in May 2022, Lonza expanded its Capsugel product line with a titanium dioxide-free (TiO2-free) white firm gelatin capsule, meeting its clients' expanding desire to meet new titanium dioxide-free criteria for foods in the EU.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global empty capsules market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ACG Worldwide
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Capscanada Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Medi-Caps Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Empty Capsule Market by Product
4.1.1. Gelatin Capsules
4.1.2. Non-gelatin Capsules
4.2. Global Empty Capsule Market by Functionality
4.2.1. Immediate-Release Capsules
4.2.2. Delayed-Release Capsules
4.2.3. Sustained-Release Capsules
4.3. Global Empty Capsule Market by Therapeutic Application
4.3.1. Antibiotic and Antibacterial Drugs
4.3.2. Vitamins and Dietary Supplements
4.3.3. Antacid and Antiflatulent Preparations
4.3.4. Cardiovascular Therapy Drugs
4.3.5. Other Therapeutic Applications
4.4. Global Empty Capsule Market by End-User
4.4.1. Pharmaceutical Industry
4.4.2. Nutraceutical Industry
4.4.3. Cosmetics Industry
4.4.4. Research Laboratories
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Bright Pharma Caps, Inc.
6.2. Capsugel, Inc.
6.3. Healthcaps India Ltd.
6.4. Lonza Group Ltd.
6.5. Medi-Caps Ltd.
6.6. Mitsubishi Chemical Holdings Corp.
6.7. Natural Capsules Ltd.
6.8. Nector LifeSciences Ltd.
6.9. Qualicaps
6.10. Quingdao Yiquing Medicinal Capsules Co. Ltd.
6.11. Roxlor LLC
6.12. Shanxi Guangshang Medicines Co. Ltd.
6.13. Snail Pharma Industry Co., Ltd.
6.14. Suheung Co. Ltd.
6.15. Sunil Healthcare Ltd.
1. Global Empty Capsules Market Research And Analysis By Product, 2023-2031 ($ Million)
2. Global Empty Gelatin Capsule Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Empty Non-Gelatin Capsule Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Empty Capsule Market Research And Analysis By Functionality, 2023-2031 ($ Million)
5. Global Empty Immediate-Release Capsules Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Empty Delayed-Release Capsules Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Empty Sustained-Release Capsules Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Empty Capsules Market Research And Analysis By Therapeutic Application, 2023-2031 ($ Million)
9. Global Empty Capsules For Antibiotic And Antibacterial Drugs Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Empty Capsules For Vitamins And Dietary Supplements Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Empty Capsules For Antacid And Antiflatulent Preparations Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Empty Capsules For Cardiovascular Therapy Drugs Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Empty Capsules For Other Therapeutic Applications Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Empty Capsules Market Research And Analysis By End-Use, 2023-2031 ($ Million)
15. Global Empty Capsules For Pharmaceutical Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global Empty Capsules For Nutraceutical Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global Empty Capsules For Cosmetics Industry Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Empty Capsules For Research Laboratories Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global Empty Capsules Market Research And Analysis By Region, 2023-2031 ($ Million)
20. North American Empty Capsules Market Research And Analysis By Product, 2023-2031 ($ Million)
21. North American Empty Capsules Market Research And Analysis By Functionality, 2023-2031 ($ Million)
22. North American Empty Capsules Market Research And Analysis By Therapeutic Application, 2023-2031 ($ Million)
23. North American Empty Capsules Market Research And Analysis By End-Use, 2023-2031 ($ Million)
24. European Empty Capsules Market Research And Analysis By Country, 2023-2031 ($ Million)
25. European Empty Capsules Market Research And Analysis By Product, 2023-2031 ($ Million)
26. European Empty Capsules Market Research And Analysis By Functionality, 2023-2031 ($ Million)
27. European Empty Capsules Market Research And Analysis By Therapeutic Application, 2023-2031 ($ Million)
28. European Empty Capsules Market Research And Analysis By End-Use, 2023-2031 ($ Million)
29. Asia-Pacific Empty Capsules Market Research And Analysis By Country, 2023-2031 ($ Million)
30. Asia-Pacific Empty Capsules Market Research And Analysis By Product, 2023-2031 ($ Million)
31. Asia-Pacific Empty Capsules Market Research And Analysis By Functionality, 2023-2031 ($ Million)
32. Asia-Pacific Empty Capsules Market Research And Analysis By Therapeutic Application, 2023-2031 ($ Million)
33. Asia-Pacific Empty Capsules Market Research And Analysis By End-Use, 2023-2031 ($ Million)
34. Rest Of The World Empty Capsules Market Research And Analysis By Region, 2023-2031 ($ Million)
35. Rest Of The World Empty Capsules Market Research And Analysis By Product, 2023-2031 ($ Million)
36. Rest Of The World Empty Capsules Market Research And Analysis By Functionality, 2023-2031 ($ Million)
37. Rest Of The World Empty Capsules Market Research And Analysis By Therapeutic Application, 2023-2031 ($ Million)
38. Rest Of The World Empty Capsules Market Research And Analysis By End-Use, 2023-2031 ($ Million)
1. Global Empty Capsules Market Share By Product, 2023 Vs 2031 (%)
2. Global Empty Gelatin Capsules Market Share By Region, 2023 Vs 2031 (%)
3. Global Empty Non-Gelatin Capsules Market Share By Region, 2023 Vs 2031 (%)
4. Global Empty Capsules Market Share By Functionality, 2023 Vs 2031 (%)
5. Global Empty Immediate-Release Capsules Market Share By Region, 2023 Vs 2031 (%)
6. Global Empty Delayed-Release Capsules Market Share By Region, 2023 Vs 2031 (%)
7. Global Empty Sustained-Release Capsules Market Share By Region, 2023 Vs 2031 (%)
8. Global Empty Capsules Market Share By Therapeutic Application, 2023 Vs 2031 (%)
9. Global Empty Capsules For Antibiotic And Antibacterial Drugs Market Share By Region, 2023 Vs 2031 (%)
10. Global Empty Capsules For Vitamins And Dietary Supplements Market Share By Region, 2023 Vs 2031 (%)
11. Global Empty Capsules For Antacid And Antiflatulent Preparations Market Share By Region, 2023 Vs 2031 (%)
12. Global Empty Capsules For Cardiovascular Therapy Drugs Market Share By Region, 2023 Vs 2031 (%)
13. Global Empty Capsules For Other Therapeutic Applications Market Share By Region, 2023 Vs 2031 (%)
14. Global Empty Capsules Market Share By End-Use, 2023 Vs 2031 (%)
15. Global Empty Capsules For Pharmaceutical Industry Market Share By Region, 2023 Vs 2031 (%)
16. Global Empty Capsules For Nutraceutical Industry Market Share By Region, 2023 Vs 2031 (%)
17. Global Empty Capsules For Cosmetics Industry Market Share By Region, 2023 Vs 2031 (%)
18. Global Empty Capsules For Research Laboratories Market Share By Region, 2023 Vs 2031 (%)
19. Global Empty Capsules Market Share By Region, 2023 Vs 2031 (%)
20. US Empty Capsules Market Size, 2023-2031 ($ Million)
21. Canada Empty Capsules Market Size, 2023-2031 ($ Million)
22. UK Empty Capsules Market Size, 2023-2031 ($ Million)
23. France Empty Capsules Market Size, 2023-2031 ($ Million)
24. Germany Empty Capsules Market Size, 2023-2031 ($ Million)
25. Italy Empty Capsules Market Size, 2023-2031 ($ Million)
26. Spain Empty Capsules Market Size, 2023-2031 ($ Million)
27. Rest Of Europe Empty Capsules Market Size, 2023-2031 ($ Million)
28. India Empty Capsules Market Size, 2023-2031 ($ Million)
29. China Empty Capsules Market Size, 2023-2031 ($ Million)
30. Japan Empty Capsules Market Size, 2023-2031 ($ Million)
31. South Korea Empty Capsules Market Size, 2023-2031 ($ Million)
32. Rest Of Asia-Pacific Empty Capsules Market Size, 2023-2031 ($ Million)
33. Latin America Empty Capsules Market Size, 2023-2031 ($ Million)
34. Middle East And Africa Empty Capsules Market Size, 2023-2031 ($ Million)
