Empty Capsule Market Research Report Information by Type (Gelatin Capsules [Porcine Gelatin and Bovine Gelatin {Skin Gelatin and Bone Gelatin} and Vegetarian Capsules [Hydroxypropyl Methylcellulose (HPMC) and Pullulan & Starch]), by Functionality (Fast-release Capsules and Slow-release Capsules), and by Physical Characteristics (Halal and Non-Halal), by Form (Hard Capsules and Soft Capsules), by Appearance (Transparent and Opaque) by Application (Pharmaceutical [Antibiotic & Antibacterial Drugs, Antacid & Antiflatulent, Anti-inflammatory drugs, and Others] and Nutraceutical), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) Industry Forecast till 2032
The Empty Capsule Market was valued at USD 31.83 billion in 2023. The Empty Capsule Market sector is expected to increase from USD 33.99 billion in 2024 to USD 60.78 billion by 2032, with a compound annual growth rate (CAGR) of 6.68% between 2024 and 2032. The global market is being driven by expansion in the pharmaceutical industry and advancements in capsule technology.
The global empty capsules market is expanding rapidly, driven mostly by rising demand for nutraceuticals. The growing global interest in preventative healthcare and the pursuit of wellness has driven an increase in the consumption of nutraceutical goods, which frequently use empty capsules as preferred encapsulation techniques. Empty capsules are extensively used to encapsulate vitamins, minerals, and other nutritional supplements, which increases demand for empty capsules in the nutraceutical industry. Furthermore, empty capsules serve an important role in the nutraceutical business, since they provide an efficient and easy way to encapsulate a variety of compositions.
Market Segment insightsThe global empty capsules market is divided into two segments: gelatin capsules and vegetarian capsules.
The global empty capsules market is divided into two segments based on functionality: fast-release capsules and slow-release capsules.
The global empty capsules market is divided into two segments based on physical characteristics: halal and non-halal.
The global empty capsules market is divided into two segments based on form: hard capsules and soft capsules.
The global empty capsules market has been divided into two segments based on appearance: transparent and opaque.
The global empty capsules market is divided into two segments based on application: pharmaceutical and nutraceutical.
Regional insights The market is segmented into four regions: North America, Europe, Asia-Pacific, and the rest of the world. North America had the largest market in 2023, owing to several factors influencing the pharmaceutical and nutraceutical industries. The increasing demand for medication delivery systems, combined with the region's expanding prevalence of chronic diseases, is driving market growth. Furthermore, innovations in technology and manufacturing methods have resulted in new improvements in empty capsule production, hence improving the overall quality and efficiency of pharmaceutical formulations.
The Europe empty capsules market is expanding rapidly, driven by factors such as increased pharmaceutical and nutraceutical activity, rising consumer awareness of preventative healthcare, and an aging population. Lonza had increased their Capsugel offering with a titanium dioxide-free (TiO2-free) white firm gelatin capsule, in response to customers' evolving desire to meet new titanium dioxide-free standards for European Union foods. The need for empty capsules, notably in the pharmaceutical industry, is driven by their ability to give precise dosing while hiding the flavor of active substances.
The Asia-Pacific Empty Capsules market was worth USD 893.55 million in 2022, and it is expected to rise at a CAGR of 6.28% over the forecast period.
The Asia-Pacific empty capsules market is rapidly expanding and is expected to maintain its upward trend in the future years. Various reasons are driving the market, including increased demand for empty capsules in the pharmaceutical and nutraceutical industries.
Major PlayersLonza (Switzerland), CapsCanada (Canada), Roxlor (US), Goerlich Pharma GmbH (Germany), Hunan Er-Kang Pharmaceutical Ltd. (China), Shanxi Guangsheng Medicinal Capsule Co., Ltd (China), Bright Pharma Caps Inc. (US), ACG (India), Sunil Healthcare Limited (India), and Qualicaps (Japan) are among the key players in the Empty Capsule Market.