Empty Capsules Market
PUBLISHED: 2024 ID: SMRC25470
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Empty Capsules Market

Empty Capsules Market Forecasts to 2030 - Global Analysis By Type (Gelatin Capsules and Non-gelatin Capsules), Source (Porcine, Bovine and Natural), Raw Material, Functionality, Application, End User and By Geography

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4.1 (35 reviews)
Published: 2024 ID: SMRC25470

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Empty Capsules Market is accounted for $3.30 billion in 2023 and is expected to reach $5.88 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Empty capsules are pharmaceutical shells typically made from gelatin or other suitable polymers. They serve as containers for administering various medications, supplements, or herbal remedies orally. These capsules come in different sizes, colors, and shapes to accommodate diverse formulations and dosage requirements. Empty capsules provide a convenient and tasteless way to deliver medications, especially for individuals who have difficulty swallowing tablets or dislike the taste of liquid medications. 
 
According to the World Health Organization (WHO), the population aged 60 years and above will increase from 605 million in 2000 to 2 billion in 2050. According to DealsOnHealth, in 2021, globally, 35% of women above 60 or older use beauty products every day. 

Market Dynamics: 

Driver: 

Pharmaceutical industry growth

As pharmaceutical companies expand their research and development efforts to innovate new drugs and formulations, the demand for empty capsules rises. These capsules serve as a preferred dosage form for various drugs due to their versatility, ease of swallowing, and compatibility with different formulations. The growing trend towards personalized medicine and the development of niche drugs further fuel the demand for empty capsules, as they offer precise dosing and easy customization. 

Restraint:

Quality control and assurance

Quality control and assurance in the empty capsule market involves stringent measures to ensure that capsules meet regulatory standards and customer expectations. This encompasses rigorous testing of raw materials, manufacturing processes, and finished products to guarantee uniformity, stability, and safety. Quality control focuses on detecting defects and deviations during production, while quality assurance involves implementing systems and protocols to prevent issues before they occur. Adherence to Good Manufacturing Practices (GMP) is paramount, alongside regular audits and inspections to maintain consistency and reliability. 

Opportunity:

Vegetarian and vegan capsules

Vegetarian capsules, typically made from plant cellulose, cater to individuals who avoid animal-derived products for dietary, ethical, or religious reasons. Similarly, vegan capsules, which exclude all animal-derived ingredients, appeal to a growing segment of the population embracing plant-based diets. This trend has prompted manufacturers to innovate and offer plant-based alternatives to traditional gelatin capsules, tapping into a niche market with increasing demand for ethical and sustainable products. As consumers become more conscious of their choices, the demand for vegetarian and vegan capsules is expected to continue its upward trajectory, presenting a lucrative opportunity for businesses operating in the empty capsules sector.

Threat:

Competition from alternative delivery systems

With the emergence of various alternative delivery methods such as softgels, tablets, and gummies, the demand for traditional empty capsules may decline. These alternative systems often offer advantages such as improved taste, ease of consumption, and enhanced bioavailability, making them appealing to consumers. Additionally, advancements in technology have enabled the development of innovative delivery systems that cater to specific needs and preferences. To remain competitive, manufacturers in the empty capsule market must focus on innovation, quality, and customization to differentiate their products and adapt to changing consumer preferences. 

Covid-19 Impact: 
 
With the global disruption in supply chains and manufacturing, there has been a shortage of raw materials required for producing empty capsules, leading to production delays and increased prices. The increased demand for pharmaceuticals and nutraceuticals during the pandemic has further strained the supply of empty capsules, as they are essential for encapsulating drugs and supplements. Companies in the empty capsule market have had to adapt to these challenges by diversifying their supply chains, exploring alternative sourcing options, and investing in increased production capacity. 

The gelatin capsules segment is expected to be the largest during the forecast period

The gelatin capsules segment has experienced robust growth within the empty capsule market as Gelatin capsules are derived from animal collagen, which have gained popularity due to their biodegradability, ease of digestion, and compatibility with a wide range of formulations. Moreover, they offer excellent stability for both pharmaceutical and nutraceutical products. The rising demand for dietary supplements, coupled with the expanding pharmaceutical industry globally, has fueled the growth. 

The anti-inflammatory drugs segment is expected to have the highest CAGR during the forecast period

The anti-inflammatory drug segment within the empty capsule market has witnessed notable growth due to the rising prevalence of inflammatory disorders such as arthritis, inflammatory bowel disease, and asthma. As patients seek convenient dosage forms, empty capsules offer a versatile and customizable solution for drug encapsulation. Advancements in drug delivery technologies have enabled the development of novel formulations with improved bioavailability and targeted delivery. Moreover, the aging population, coupled with sedentary lifestyles, has contributed to the growing incidence of inflammatory conditions, fostering market expansion. 

Region with largest share:

The North American region has experienced significant growth in the empty capsule market because of increased demand for pharmaceuticals and dietary supplements. Rising health consciousness and a growing aging population have contributed to the expansion of the nutritional supplement industry, driving the demand for empty capsules. Regulatory approvals and quality standards set by organizations such as the FDA have also instilled confidence in consumers, further boosting market growth. Additionally, the presence of key players and robust distribution networks within the region has facilitated market expansion, ensuring easy availability of empty capsules to manufacturers. 

Region with highest CAGR:

The Asia-Pacific region has witnessed substantial growth in the empty capsule market due to increasing pharmaceutical and nutraceutical industries, coupled with rising healthcare awareness and disposable incomes. Advancements in capsule technology and growing consumer preference for capsule-based formulations contribute to market expansion. The region's large population base and expanding geriatric demographic create a substantial market for empty capsules, particularly in countries like China, India, and Japan. 

Key players in the market

Some of the key players in Empty Capsules market include ACG Worldwide, Bright Pharma Caps Inc, CapsCanada Corporation, Healthcaps India Ltd, Lonza Group, Medi-Caps Ltd, Nectar Lifesciences Ltd, Qingdao Yiqing Medicinal Capsules Co. Ltd, Qualicaps Inc, Roxlor LLC, Shanxi JC Biological Technology Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Capsule Co. Ltd and Sunil Healthcare Ltd.     

Key Developments:

In February 2024, Lonza has announced the launch of its new performance nutrition brand, Oceanix™ in the U.S.A and Canada. The unique phytoplankton ingredient is sustainably sourced from the ocean and meets rising demand for natural, non-GMO and vegan supplement products. Oceanix™ ingredient offers potential benefits for physical performance and an increased physiological response against oxidative stress to aid recovery in a small, concentrated dose.

In December 2023, Pharma and plant-based ingredient giant, Roquette, has confirmed its acquisition of Qualicaps from the Mitsubishu Chemical Group. This strategic investment offers Roquette the ability to expand the global footprint of its pharmaceutical business, as well as enrich its offerings of oral dosage solutions. Roquette’s deep knowledge and expertise in the development of pharmaceutical excipients will be further enhanced by Qualicaps’ expertise in capsules, as well as by their assets and infrastructure.

Types Covered:
• Gelatin Capsules
• Non-gelatin Capsules

Sources Covered:
• Porcine 
• Bovine 
• Marine 
• Natural 

Raw Materials Covered:
• Hydroxy Propyl Methyl Cellulose (HPMC)     
• Starch Materials     
• Pullulan      

Functionalities Covered:
• Immediate Release  
• Sustained Release  
• Delayed Release  

Applications Covered:
• Antacid & Antiflatulent Preparations     
• Dietary Supplements     
• Cardiovascular Therapy Drugs     
• Anti-inflammatory Drugs     
• Antibiotic & Antibacterial Drugs     
• Cough & Cold Drugs     
• Antianemic Preparations     
• Other Applications     

End Users Covered:
• Pharmaceutical & Biopharmaceutical Companies      
• Nutraceutical Companies      
• Other End Users      

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances 

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Application Analysis          
 3.7 End User Analysis          
 3.8 Emerging Markets          
 3.9 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Empty Capsules Market, By Type           
 5.1 Introduction          
 5.2 Gelatin Capsules          
  5.2.1 Hard Gelatin Capsules         
  5.2.2 Soft Gelatin Capsules         
 5.3 Non-gelatin Capsules          
            
6 Global Empty Capsules Market, By Source           
 6.1 Introduction          
 6.2 Porcine          
 6.3 Bovine          
 6.4 Marine          
 6.5 Natural          
            
7 Global Empty Capsules Market, By Raw Material           
 7.1 Introduction          
 7.2 Hydroxy Propyl Methyl Cellulose (HPMC)          
 7.3 Starch Materials          
 7.4 Pullulan          
            
8 Global Empty Capsules Market, By Functionality           
 8.1 Introduction          
 8.2 Immediate Release          
 8.3 Sustained Release          
 8.4 Delayed Release          
            
9 Global Empty Capsules Market, By Application           
 9.1 Introduction          
 9.2 Antacid & Antiflatulent Preparations          
 9.3 Dietary Supplements          
 9.4 Cardiovascular Therapy Drugs          
 9.5 Anti-inflammatory Drugs          
 9.6 Antibiotic & Antibacterial Drugs          
 9.7 Cough & Cold Drugs          
 9.8 Antianemic Preparations          
 9.9 Other Applications          
            
10 Global Empty Capsules Market, By End User           
 10.1 Introduction          
 10.2 Pharmaceutical & Biopharmaceutical Companies          
 10.3 Nutraceutical Companies          
 10.4 Other End Users          
            
11 Global Empty Capsules Market, By Geography           
 11.1 Introduction          
 11.2 North America          
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe         
 11.4 Asia Pacific          
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand         
  11.4.6 South Korea         
  11.4.7 Rest of Asia Pacific         
 11.5 South America          
  11.5.1 Argentina         
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia         
  11.6.2 UAE         
  11.6.3 Qatar         
  11.6.4 South Africa         
  11.6.5 Rest of Middle East & Africa         
            
12 Key Developments           
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions          
 12.5 Other Key Strategies          
            
13 Company Profiling           
 13.1 ACG Worldwide          
 13.2 Bright Pharma Caps Inc          
 13.3 CapsCanada Corporation          
 13.4 Healthcaps India Ltd          
 13.5 Lonza Group           
 13.6 Medi-Caps Ltd          
 13.7 Nectar Lifesciences Ltd          
 13.8 Qingdao Yiqing Medicinal Capsules Co. Ltd          
 13.9 Qualicaps Inc          
 13.10 Roxlor LLC          
 13.11 Shanxi JC Biological Technology Co. Ltd          
 13.12 Snail Pharma Industry Co. Ltd          
 13.13 Suheung Capsule Co. Ltd          
 13.14 Sunil Healthcare Ltd          
            
            
List of Tables            
1 Global Empty Capsules Market Outlook, By Region (2021-2030) ($MN)           
2 Global Empty Capsules Market Outlook, By Type (2021-2030) ($MN)           
3 Global Empty Capsules Market Outlook, By Gelatin Capsules (2021-2030) ($MN)           
4 Global Empty Capsules Market Outlook, By Hard Gelatin Capsules (2021-2030) ($MN)           
5 Global Empty Capsules Market Outlook, By Soft Gelatin Capsules (2021-2030) ($MN)           
6 Global Empty Capsules Market Outlook, By Non-gelatin Capsules (2021-2030) ($MN)           
7 Global Empty Capsules Market Outlook, By Source (2021-2030) ($MN)           
8 Global Empty Capsules Market Outlook, By Porcine (2021-2030) ($MN)           
9 Global Empty Capsules Market Outlook, By Bovine (2021-2030) ($MN)           
10 Global Empty Capsules Market Outlook, By Marine (2021-2030) ($MN)           
11 Global Empty Capsules Market Outlook, By Natural (2021-2030) ($MN)           
12 Global Empty Capsules Market Outlook, By Raw Material (2021-2030) ($MN)           
13 Global Empty Capsules Market Outlook, By Hydroxy Propyl Methyl Cellulose (HPMC) (2021-2030) ($MN)           
14 Global Empty Capsules Market Outlook, By Starch Materials (2021-2030) ($MN)           
15 Global Empty Capsules Market Outlook, By Pullulan (2021-2030) ($MN)           
16 Global Empty Capsules Market Outlook, By Functionality (2021-2030) ($MN)           
17 Global Empty Capsules Market Outlook, By Immediate Release (2021-2030) ($MN)           
18 Global Empty Capsules Market Outlook, By Sustained Release (2021-2030) ($MN)           
19 Global Empty Capsules Market Outlook, By Delayed Release (2021-2030) ($MN)           
20 Global Empty Capsules Market Outlook, By Application (2021-2030) ($MN)           
21 Global Empty Capsules Market Outlook, By Antacid & Antiflatulent Preparations (2021-2030) ($MN)           
22 Global Empty Capsules Market Outlook, By Dietary Supplements (2021-2030) ($MN)           
23 Global Empty Capsules Market Outlook, By Cardiovascular Therapy Drugs (2021-2030) ($MN)           
24 Global Empty Capsules Market Outlook, By Anti-inflammatory Drugs (2021-2030) ($MN)           
25 Global Empty Capsules Market Outlook, By Antibiotic & Antibacterial Drugs (2021-2030) ($MN)           
26 Global Empty Capsules Market Outlook, By Cough & Cold Drugs (2021-2030) ($MN)           
27 Global Empty Capsules Market Outlook, By Antianemic Preparations (2021-2030) ($MN)           
28 Global Empty Capsules Market Outlook, By Other Applications (2021-2030) ($MN)           
29 Global Empty Capsules Market Outlook, By End User (2021-2030) ($MN)           
30 Global Empty Capsules Market Outlook, By Pharmaceutical & Biopharmaceutical Companies (2021-2030) ($MN)           
31 Global Empty Capsules Market Outlook, By Nutraceutical Companies (2021-2030) ($MN)           
32 Global Empty Capsules Market Outlook, By Other End Users (2021-2030) ($MN)           
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.            

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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