The empty capsules market is projected to reach USD 4.9 billion by 2028 from USD 3.2 billion in 2023, at a CAGR of 9.3% during the forecast period. The growth of this market is mainly driven by increasing demand of dietary nutraceuticals. Furthermore, advancements in capsules delivery technologies, and benefits of capsules over other dosage forms is likely to contribute to market growth in coming years.
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Empty capsules are commonly used to store powders, medications, and botanicals. When compared to tablets, capsules are easier to swallow. Pharmaceutical companies use it to make a variety of therapeutic medications.
Key Highlights from the Report:
Market Size and Growth: The global empty capsules market has exhibited remarkable growth, with an estimated market size of [Market Value] by [Year]. It is projected to maintain a steady CAGR of [CAGR] from [Base Year] to [Forecast Year].
Dominance in Pharmaceutical Segment: The pharmaceutical industry remains the largest consumer of empty capsules, mainly due to the continuous development and introduction of new oral drugs, which require reliable and efficient encapsulation methods.
Rise in Nutraceutical Demand: The nutraceutical sector has seen a surge in demand, driven by increasing health awareness and the adoption of dietary supplements. Empty capsules provide a favored delivery mode for a wide range of nutraceutical products.
Technological Advancements: The report highlights recent technological advancements in capsule manufacturing, leading to improved quality, safety, and versatility of empty capsules. This has further stimulated interest from pharmaceutical companies and consumers alike.
Regional Analysis: A comprehensive regional analysis covering North America, Europe, Asia Pacific, Latin America, and the Middle East Africa reveals that North America currently leads the market, while Asia Pacific is expected to witness the highest growth during the forecast period.
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Asia Pacific is likely to grow at double digit growth rate during the forecast period.
The Asia Pacific region is estimated to grow at the highest CAGR in the empty capsules market during the forecast period, this is mainly due to the growth in Asian pharmaceutical markets and their manufacturing capacities. Moreover, fast growing RD infrastructure alongwith large number of scientific talent in the countries of this region is likely to boost the market. Also, growing generic drug manufacturing in the region is attracting several foreign investors in the market.
Key Players: The report features profiles of major companies operating in the empty capsules market, offering insights into their product portfolios, business strategies, and recent developments. Key players include Capsugel (US), ACG Worldwide (India), Qualicaps (US), CapsCanada Corporation (Canada), Suheung Co. Ltd., Natural Capsules (India), (Korea), and among others.
Research Methodology
The research study is articulated by research analysts, who scrutinize the market scenario, forecasts, and the future scope of the market. The market forecasts stated in the report have been derived based on proven research methods and analytical models tools. The forecast mentioned in the report is backed by factual data from various interviews with industry experts, reliable and renowned data sources, and regional scenarios. The insights delivered in the report can assist investors and market players in identifying lucrative opportunities and obtaining a remarkable position in the global market.
Recent Developments:
- In May 2022, Capsugel launched Titanium dioxide-free (TiO2-free) white hard gelatin capsule, which meets the demand of titanium dioxide-free for foods in the European Union.
- ACG launched a global nutraceutical campaign ‘ACG loves nothing’ to promote problem free nutraceutical production and bring attention to the company’s intention to develop high quality capsules for pharmaceutical and nutraceutical industry.
- ACG launched ACGcaps NTone and ACGcaps TSafe range of capsules for the nutraceutical market.
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