Empty Capsules Market Poised to Grow at a Robust Pace Due to Wide Range of Application Across Pharmaceutical Industry

 


The empty capsules market has witnessed substantial growth in recent years owing to increasing adoption of capsule formulation across various disease treatment areas. Empty capsules, also known as empty shell capsules, are sealed containers often made of animal derived gelatin used to enclose powders, pellets, granules or liquids in pharmaceutical preparations. They provide an easy to swallow, accurate dosing format for medication delivery. The empty capsules offer advantages such as improved bioavailability, targeted drug release andprotection of ingredients from stomach acids, thus making them a preferred format. The growing generics market and rising need for convenient dosage formats have also driven up demand for empty capsules.

The global empty capsules market is estimated to be valued at US$2.3 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period of 2023 to 2030. Key players operating in the empty capsules market areACG Worldwide, Capsugel, Qualicaps Inc., Bright Pharma Caps Inc., Sunil Healthcare Ltd., CapsCanada Corporation, Roxlor LLC, Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Medi-Caps Ltd.

Key Takeaways
Key players operating in the empty capsules are ACG Worldwide, Capsugel, Qualicaps Inc., Bright Pharma Caps Inc., Sunil Healthcare Ltd., CapsCanada Corporation, Roxlor LLC, Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Medi-Caps Ltd. The key players are focusing on new product launches, mergers & acquisitions and expanding their production facilities to cater to the increasing demand.

The empty capsules market offers key opportunities such as expanding in developing markets and growing adoption in nutraceutical applications. Globally, the North America region commands the largest share in empty capsules consumption owing to robust pharmaceutical industry and favorable regulatory environment for new drug development. However, Asia Pacific region is expected to witness highest growth due to increasing generics market and growing health awareness.

Market drivers and restraints

Market drivers:
The growing prevalence of lifestyle and chronic diseases is a key factor driving the demand for empty capsules globally. Increasing geriatric population base that requires long-term medications on regular basis also support the market growth. Favorable regulatory environment supporting new drug development and rising penetration of capsule formulation are further propelling the empty capsules market.

Market restraints:
Volatility in raw material prices impacting profit margins of capsules manufacturers is a major challenge. Stringent regulatory approvals and quality standards for pharmaceutical grade gelatin pose difficultly for new players. However, focus on plant-based alternatives can help address some of restraints faced by the empty capsules market over the forecast period.
Segment Analysis

Gelatin capsules dominates the empty capsules market owing to its advantages such as elasticity, moisture resistance and flexibility for pharmaceutical applications. Gelatin capsules account for over 80% of market share currently. Vegetarian capsules are emerging as an alternative for companies targeting vegan and vegetarian population segments. These capsules are made from plant derived ingredients like hypromellose. With rising health consciousness and demand for natural products, the vegetarian capsules segment is expected to witness strong growth over the forecast period.

Global Analysis

North America dominates the empty capsules market currently due to presence of major pharmaceutical companies and capsule manufacturers in the region. The United States accounts for the largest market share in North America. However, Asia Pacific is emerging as the fastest growing regional market for empty capsules owing to expansion of pharmaceutical industry and growing generic drugs market in countries like India and China. Growth of nutraceuticals industry is also driving the demand for empty capsules in Asia Pacific region. South America and Middle East & Africa are projected to showcase significant growth prospects over the coming years,though these regions collectively account for a relatively lower market share currently.

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