The global halal and kosher empty capsules market is anticipated to grow at a significant CAGR of 5.2% during the forecast period. Increased demand for vegetarian and halal-based capsules, and empty capsule shells free of transmissible spongiform encephalopathies (TSE), prion, and bovine spongiform encephalopathy (BSE) for various applications in the cosmetics and pharmaceutical industries, along with clinical research for organizations, are the major factors driving the market growth. Additionally, the effective product offering in the market is likely to drive the growth of the global halal and kosher empty capsules market. For instance, Natural Capsules Ltd. manufactures hard gelatin capsules that are preferred oral dosage form in pharmaceutical and nutritional applications. They are neutral in taste and easy to swallow. A two-piece hard gelatin capsules in sizes 00, 0el, 0, 1, 2, 3 & 4. NCL procures & utilizes the finest pharmaceutical-grade gelatin and edible food-grade colors.

Impact of COVID-19 Pandemic on Global Halal and Kosher Empty Capsules Market

The COVID-19 pandemic had impacted the pharmaceutical sector positively. Therefore, the demand for antibiotics had increased globally since then, halal and kosher empty capsules are also used in the antibiotics. Additionally, the life of the drugs is also increased by covering them along with ensuring that the drug does not get contaminated from outside dirt. After seeing the growth of antibiotics drugs in the pandemic, a lot of manufacturers have started their production in the untapped regions, which are all going to increase the growth of the halal and kosher empty capsules market.

Segmental Outlook 

The global halal and kosher empty capsules market is segmented based on the type and application. Based on the type, the market is segmented into gelatin capsules and vegetable capsules. Based on the application, the market is sub-segmented into nutraceuticals and pharmaceuticals. Among these, the vegetable capsule segment is anticipated to propel the growth of the market over the forecast period, owing to the rising inclination of the population towards gluten-free, vegan food eating habits. 

Global Halal and Kosher Empty Capsules Market Share by Application, 2021 (%) 

The Pharmaceutical Segment is Anticipated to Hold a Prominent Share in the Global Halal and Kosher Empty Capsules Market

The pharmaceutical segment is anticipated to have the largest share in the market owing to the growing demands for medicines in the market. The generic and ethical drugs demand is growing and new forms of the disease are increasing very frequently, which increases the demand for halal and kosher empty capsules in the market. Additionally, to reduce the treatment through injections and to promote oral medication, these halal and kosher empty capsules are utilized in an effective manner. For instance, Health Caps India Ltd. manufactures empty hard gelatine (EGH) capsules shells in 7 different sizes. It is an easy fill capsule with an air vent and has a double lock also that is compatible with high speed fully automatic capsule filling machines.

Regional Outlooks

The global halal and kosher empty capsules market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America. The global halal and kosher empty capsules market is projected to be dominated by Europe. The presence of important market players and early adoption of emerging technologies might be credited to the region's market growth.

Global Halal and Kosher Empty Capsules Market Growth, by Region 2022-2028 

The Asia-Pacific Region is estimated to Hold the Major Share in the Global Halal and Kosher Empty Capsules Market

The Asia Pacific is anticipated to grow rapidly during the forecast period. The rising healthcare spending, increasing incidence of various diseases, and growth in the geriatric population lead to an increase in the risk of heart-related problems are acting as an important factor driving the growth of the market in the region. For instance, according to the 2019 Revision of the Population Prospects, the population of people aged 65 and up is expanding faster than any other age group around the Asia Pacific. By 2050, the number of persons aged 80 and up is expected to rise from 143 million in 2019 to 426 million.

Market Players Outlook

The major companies serving the global halal and kosher empty capsules market include ACG, Anhui Huangshan Capsule Co. Ltd., HealthCaps India Ltd., NATURAL CAPSULES LTD., Zhejiang Yuexi Capsule Co. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, ACG launched ACGcaps GL / HL, empty hard capsules for liquid, semi-liquid, paste, and combination filling it that is available in gelatin and cellulose (HPMC) material options with unique band sealing technology. ACGcaps GL / HL is leak-proof and odor and tasteless therefore fits for the pharmaceutical and nutraceutical formulations which have poor solubility or high sensitivity.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global halal and kosher 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.