Empty Capsules Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Empty Capsules Market
The empty capsules market size was reached at a value of USD 3.23 billion in 2023, and the market is now projected to rise from USD 3.44 billion in 2024 to USD 5.76 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period of 2024-2032.
Importance of routine checkups gaining preference among general population resulting in greater use of empty capsules market growth. Although, the COVID-19 pandemic affected many businesses by halting production and supply chain but increased the empty market growth during projection period as the aged population is prone to health problems such as joints liver and stomach issues. The pandemic crisis spurred the demand for dietary supplements which also serves to be the immunity booster, causing the empty capsules industry to expand rapidly. As manufacturers are introducing new products to the market, leading expansion of organization’s economic growth.
Due to acquisition of competitive players as an expansion strategy and launch of new products are fostering market growth. With the increasing age of world’s population health issues related to joint, liver or stomach becomes more common, resulting in increasing cases of geriatric across the globe which has increased the uptake of dietary nutrients and raised opportunity for the manufacturers to introduce new products in the market. Moreover, many leading companies are expanding on their global footprints which is driving empty capsules market growth.
Additionally, due to its property for the protection of liquid content, the empty capsules are high in demand. Many nutraceutical companies used softgels for liquid encapsulation. Nonetheless, because they tended to adhere, scientists highlighted the use of two-piece hard gelatin to address this issue. This allowed market players to focus their efforts on liquid encapsulation technology research and development. Liquid-filled Hard Capsules composed of gelatin and HPMC have a longer shelf life and can resist higher temperatures, making them ideal for encapsulating liquid items.
Comprehensive Analysis of Empty Capsules Market
The empty capsules market is rising with an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the empty capsules management industry. These segmentations are methodically segregated by types, by functionality and by end users. The By Type segment include Hydroxypropyl Methylcellulose (HPMC), Gelatin and Others, and By Functionality segment include Sustained Release, Immediate Release, and Delayed Release. However, By End User segment include Pharmaceutical Companies, Nutraceutical Manufacturers, and Others.
In the empty capsules market, North America region lead the market with a market size of USD 1.10 billion in 2023 owing to rising number of geriatric patients, higher diagnosis and treatment cases.
The prominent players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, ACG (India), QUALICAPS (U.S.), Sunil Healthcare Limited. (India), CapsCanada (U.S.), Nectar Lifesciences Ltd. (India), NATURAL CAPSULES LIMITED (India), HealthCaps India Ltd. (India), Bright Pharma Caps (U.S.) and Lonza (Switzerland) these prominent market players provide a level-playing competitive landscape.
In March 2023, VANTAGE NUTRITION, an ACG company, has purchased ComboCap, Inc. in the United States and BioCap in South Africa, with the intention of expanding their technology and footprint in North America and around the world.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.7% from 2024-2032
Unit Value (USD Billion)
By Type, Functionality, End User, and Region
Segmentation By Type
Gelatin
Hydroxypropyl Methylcellulose (HPMC)
Others
By Functionality
Immediate Release
Sustained Release
Delayed Release
By End User
Pharmaceutical Companies
Nutraceutical Manufacturers
Others
By Region
North America (By Type, By Functionality, By End User, By Country)
U.S.
Canada
Europe (By Type, By Functionality, By End User, By Country/Sub-Region)
Germany
France
U.K.
Italy
Spain
Scandinavia
Rest of Europe
Asia Pacific (By Type, By Functionality, By End User, By Country/Sub-Region)
China
India
Japan
Australia
Southeast Asia
Rest of Asia Pacific
Latin America (By Type, By Functionality, By End User, By Country/Sub-Region)
Brazil
Mexico
Rest of Latin America
The Middle East & Africa (By Type, By Functionality, By End User, By Country/Sub-Region)
GCC
South Africa
Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Advancements in Empty Capsules
- 4.2. Key Industry Developments- Mergers, Acquisitions & Partnerships
- 4.3. New Product Launches
- 4.4. Impact of COVID-19 on the Market
- 5. Global Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Analysis, Insights and Forecast – By Type
- 5.1.1. Gelatin
- 5.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 5.1.3. Others
- 5.2. Market Analysis, Insights and Forecast – By Functionality
- 5.2.1. Immediate Release
- 5.2.2. Sustained Release
- 5.2.3. Delayed Release
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Pharmaceutical Companies
- 5.3.2. Nutraceutical Manufacturers
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East and Africa
- 6. North America Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast – By Type
- 6.1.1. Gelatin
- 6.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 6.1.3. Others
- 6.2. Market Analysis, Insights and Forecast – By Functionality
- 6.2.1. Immediate Release
- 6.2.2. Sustained Release
- 6.2.3. Delayed Release
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Pharmaceutical Companies
- 6.3.2. Nutraceutical Manufacturers
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast – By Type
- 7.1.1. Gelatin
- 7.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 7.1.3. Others
- 7.2. Market Analysis, Insights and Forecast – By Functionality
- 7.2.1. Immediate Release
- 7.2.2. Sustained Release
- 7.2.3. Delayed Release
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Pharmaceutical Companies
- 7.3.2. Nutraceutical Manufacturers
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast – By Type
- 8.1.1. Gelatin
- 8.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 8.1.3. Others
- 8.2. Market Analysis, Insights and Forecast – By Functionality
- 8.2.1. Immediate Release
- 8.2.2. Sustained Release
- 8.2.3. Delayed Release
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Pharmaceutical Companies
- 8.3.2. Nutraceutical Manufacturers
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast – By Type
- 9.1.1. Gelatin
- 9.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 9.1.3. Others
- 9.2. Market Analysis, Insights and Forecast – By Functionality
- 9.2.1. Immediate Release
- 9.2.2. Sustained Release
- 9.2.3. Delayed Release
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Pharmaceutical Companies
- 9.3.2. Nutraceutical Manufacturers
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Empty Capsules Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Analysis, Insights and Forecast – By Type
- 10.1.1. Gelatin
- 10.1.2. Hydroxypropyl Methylcellulose (HPMC)
- 10.1.3. Others
- 10.2. Market Analysis, Insights and Forecast – By Functionality
- 10.2.1. Immediate Release
- 10.2.2. Sustained Release
- 10.2.3. Delayed Release
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Pharmaceutical Companies
- 10.3.2. Nutraceutical Manufacturers
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of MEA
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. Lonza
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. financials (Based on Availability)
- 11.2.2. ACG
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. financials (Based on Availability)
- 11.2.3. QUALICAPS
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. financials (Based on Availability)
- 11.2.4. CapsCanada
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. financials (Based on Availability)
- 11.2.5. NATURAL CAPSULES LIMITED
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. financials (Based on Availability)
- 11.2.6. Nectar Lifesciences Ltd.
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. financials (Based on Availability)
- 11.2.7. HealthCaps India Ltd.
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. financials (Based on Availability)
- 11.2.8. Sunil Healthcare Limited.
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. financials (Based on Availability)
- 11.2.9. Bright Pharma Caps
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Strategies
- 11.2.9.6. financials (Based on Availability)
- 11.2.10. Other Prominent Players
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Strategies
- 11.2.10.6. financials (Based on Availability)
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