Empty Capsules Market Snapshot

“From 2023 to 2030, the global Empty Capsules Market is expected to grow at an 8.6% CAGR to USD 4.94 billion by 2030, up from USD 2.49 billion in 2023.”

Empty capsules are essential in the pharmaceutical and nutraceutical industries for storing and transporting drugs, vitamins, and supplements.

These small, cylindrical shells, made of gelatin or other materials, are preferred over alternative dose forms like tablets and liquids due to their ease of swallowing, accurate dosing, and greater patient compliance.

Gelatin, hydroxypropyl methylcellulose (HPMC), pullulan, and starch are among the components used to make empty capsules.

Empty capsules are crucial in personalised pharmaceuticals, where customised medicinal formulations are stored for patients, and can be used to treat cancer, acute and chronic illnesses, and infections.

The benefits, safety, and therapeutic effects provided by empty capsules are driving the market's expansion at a faster CAGR throughout the projection period.

The increasing use of medicine and a preference for capsules over other drug delivery systems are driving increased empty capsule sales.

As chronic disease burdens rise, pharmaceutical demand is predicted to increase, providing empty capsule suppliers with growth opportunities. Elderly individuals prefer capsules due to their ease of use.

Manufacturers will boost production of empty capsules due to consumer preference for capsules during the forecasted period.

Empty capsules are protective shells for pharmaceuticals made of unique film-forming ingredients like gelatin, starch, and pullulan. Since their multiple appealing properties, they have emerged as new drug delivery solutions employed by prominent pharmaceutical and biopharmaceutical businesses.

The market for empty capsules faces significant challenges due to strict legislation governing production and quality control, as capsules are medical devices regulated by the US Food and Drug Administration and the European Medicines Agency.

Product pricing pressures are also a restraint of the empty capsules market. Capsules are subject to intense pricing pressures due to the highly competitive nature of the market.

Price competition can result in reduced profit margins, hindering producers' ability to invest in research and development and introduce new products to the market.

>>>Download Sample Report Now:https://marketreportservice.com/request-sample/empty-capsules-market-54588 

Growth Drivers

The empty capsules market is expected to grow due to increasing acceptance of capsule formulations, global chronic disease increase, and advancements in capsule delivery technologies.

These capsules are ideal for drug delivery due to their ability to protect delicate chemicals from oxidation and their user-friendly nature.

Empty capsules are increasingly used by pharmaceutical and biopharmaceutical firms to encapsulate various substances, including liquids, powders, oils, extracts, and herbs.

The growing demand for empty capsules in the pharmaceutical sector is expected to support market growth. Suppliers are developing novel materials that can deliver medicine and perform additional functions, attracting more clients and increasing sales.       

Trends 

• The growing vegan population is driving the rise in the popularity of vegetarian empty capsules.
• advancements in capsule filling machines in terms of speed and filling rate.
• the increasing number of FDA approvals for drugs.

Opportunities

• The expenditure on Research and Development (R&D) is increasing towards the creation of innovative medicines.
• The company is increasing its investments in capacity expansions and improving the quality of its vegetarian capsule formulations.

Empty Capsules Market Segment Analysis

The empty capsules market is divided into gelatin and non-gelatin types. Gelatin capsules dominate with over 78% market share and are expected to continue due to their fast medicine release, consistent drug mixing, and barrier to ambient oxygen, making them a preferred choice over capsule shells.

Gelatin is utilized in pharmaceuticals due to its easy availability, low cost, and simple manufacturing procedures, leading companies to choose it for capsule production, thereby reducing operational expenses.

The empty capsules market is segmented into immediate-release, sustained-release, and delayed-release capsules based on functionality. The immediate-release capsules segment is expected to register the highest CAGR during the forecast period.

These capsules release active ingredients immediately after ingestion, allowing them to be absorbed into the bloodstream. They are commonly used for fast-acting medications like pain relievers and antacids.

The empty capsules market is categorized into therapeutic applications like antibiotics and antibacterial medications, dietary supplements, antacids, and antianemic preparations. The antibiotic and antibacterial medications segment is the leading market, as they are used to treat bacterial illnesses.

The demand for these medications is expected to increase due to the rise in bacterial illnesses and the introduction of antibiotic-resistant bacteria.

The empty capsules market is primarily used by the pharmaceutical, nutraceutical, cosmetic, and research laboratories sectors.

Nutraceutical use has grown in recent years to improve immunity and compensate for nutrients lost due to poor eating habits and sedentary lifestyles.

The increasing prevalence of deficiency ailments and health consciousness are driving market growth, with the nutraceuticals industry expanding rapidly.

Empty Capsules Market Key Vendors

The global empty capsules market key players include Capsugel, ACG Worldwide, Qualicaps, Suheung Co. Ltd., CapsCanada Corporation, Bright Pharma Caps Inc., Medi-Caps Ltd., Lefan Capsule, Roxlor LLC, Sunil Healthcare Limited, Nectar Lifesciences Ltd.

New Developments

09 May 2022: Lonza has extended its Capsugel® offering with a titanium dioxide-free (TiO2-free) white hard gelatin capsule, fulfilling the evolving demand of its customers to meet new titanium dioxide-free requirements for foods in the European Union.

March 5, 2021: CapsCanada, a Lyfe Group™ company and leader in capsule technology for over three decades, is pleased to announced the launch of a new liquid-filled hard capsule manufacturing service. CapsCanada’s objective is to support the entire manufacturing process, from formulation and development through full-scale production.

Empty Capsules Market Regional Analysis

North America leads the global empty capsules market due to technological advancements, increased government spending on public health care, and the need for empty tablets. The US government prioritizes healthcare infrastructure improvement, disease prevention, and public health awareness. The presence of significant corporations in the region is also expected to drive market growth.

Unfavorable lifestyle changes in the US have increased demand for nutraceuticals, leading to a surge in empty supplements and vitamin capsules. The market is also driven by increased demand for vegetarian empty shells and technologically advanced capsule-filling gear. Canada's market share in North America is expected to grow significantly.

The Asia Pacific market is expected to experience the highest CAGR in the forecasted years due to growing disposable income and increased awareness of skincare due to changing climate conditions and a rising working population, which is also fueling the growth of empty capsules companies in the region.

Key Market Segments: Empty Capsules Market

Empty Capsules Market by Type

• Gelatin Capsules
• Non-gelatin Capsules

Empty Capsules Market by Functionality

• Immediate-release Capsules
• Sustained-release Capsules
• Delayed-release Capsules

Empty Capsules Market by Therapeutic Application

• Antibiotic & antibacterial drugs
• Dietary supplements
• Antacid & antiflatulent preparations
• Antianemic preparations
• Others

Empty Capsules Market by End User

• Pharmaceutical Industry
• Nutraceutical &Cosmetic Industry
• Research Laboratories
• Others

Frequently Asked Questions

What is the worth of the empty capsules market?

From 2023 to 2030, the global Empty Capsules Market is expected to grow at an 8.6% CAGR to USD 4.94 billion by 2030, up from USD 2.49 billion in 2023.

What is the share of the North America empty capsules industry?

North America dominates the empty capsules market, with a market share of over 37%. 

Which are the top companies to hold the market share in the empty capsules market?

Capsugel, ACG Worldwide, Qualicaps, Suheung Co. Ltd., CapsCanada Corporation, Bright Pharma Caps Inc., Medi-Caps Ltd., Lefan Capsule, Roxlor LLC, Sunil Healthcare Limited, Nectar Lifesciences Ltd are among the leading players in the global empty capsules market.

What is the CAGR of empty capsules market?

The global empty capsules market registered a CAGR of 8.6 % from 2023 to 2030.

What are the key factors driving the market?

The increasing popularity of capsules over alternative drug delivery forms, as well as a rise in strategic alliances between empty capsule providers and gelatin manufacturers, are projected to drive Market.