The Empty Capsules Market is expected to reach a value of USD 3,230 million in 2023 and increase at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2033, when it is expected to reach USD 5,130 million.
The market for empty capsules is expected to expand significantly soon. The need for pharmaceutical and nutraceutical goods is predicted to rise, which will drive growth in the empty capsule industry. The market is progressing because to factors such the increased demand for specialized drug delivery systems, improvements in capsule technology, and the growing preference of consumers for easy and customisable dose forms. In addition, the growing number of elderly people and the occurrence of long-term illnesses are driving up demand for empty capsules as the recommended method of taking medications.
The need for plant-based and non-animal-derived capsules is also being fueled by the rise in vegetarian and vegan diets. Continuous research and development endeavors aimed at enhancing capsule quality, stability, and compatibility with diverse formulations are underway.
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Empty Capsules Market: Drivers
- Pharmaceutical and nutraceutical firms continue to Favor gelatin capsules for filling formulations; however, growing consumer concern over plant-based capsules is anticipated to further propel the market.
- Antibiotics and antibacterial medications, which held the greatest share of the empty capsule market, are being consumed at higher rates due to the rising frequency of infectious and chronic diseases.
- Since gelatin capsules provide the medication ingredient with greater stability and inertness, 70% of the empty capsules that are swallowed are composed of gelatin.
- Increased dietary supplement intake is a major factor driving the market for empty capsules.
- Because more people are becoming aware of the origins of the raw materials used to make gelatin-based capsules, vegetarian capsules made of HPMC have emerged.
Empty Capsules Market Competitive Outlook
Lonza, Qualicaps, Suheung Co., Ltd, Roxlor Llc, Natural Capsules Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd., Sunil Healthcare Limited, Bright Pharma Caps, Snail Pharma Industry Co. Ltd, Medi-Caps Ltd.
Frequently Asked Questions
- What is the market size of Empty Capsules Market in 2022?
- Which are the top companies operating within the market?
- Which region dominates the Empty Capsules Market?
Empty Capsules Market Segmental Analysis
By Application
- Vitamin & Dietary Supplements
- Antibiotic & Antibacterial Drugs
- Cardiac Therapy Drugs
- Antacids & Anti-flatulent preparations
- Others
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By End-User
- Pharmaceutical Companies
- Nutraceutical Manufacturers
- Others
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
By Type
- Gelatin
- Non-Gelatin Capsules
- Hydroxypropyl Methylcellulose (HPMC)
- Others
By Functionality
- Immediate Release
- Sustained Release
- Delayed Release
Empty Capsules Market Competitive Outlook
Lonza, Qualicaps, Suheung Co., Ltd, Roxlor Llc, Natural Capsules Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd., Sunil Healthcare Limited, Bright Pharma Caps, Snail Pharma Industry Co. Ltd, Medi-Caps Ltd.
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