The Hard Gelatin Capsules Market is expected to grow at a CAGR of 6.4% between 2022 and 2032. According to the study, the oral administration segment held a sizable market share in the global market, accounting for approximately 88.5% of the market value in 2021.
Shell suppliers manufacture and supply empty hard gelatin capsule shells to the pharmaceutical industry, which are then filled separately. Empty hard gelatin capsule shells are available in sizes ranging from 000 to 5, with 000 being the largest and 5 being the smallest.
Furthermore, unlike soft gels, hard gelatin capsules allow for combination filling, allowing the encapsulation of pharmaceuticals in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only allows for the combination of numerous incompatible pharmaceuticals in a single capsule, but also results in a formulation that is far more appealing to consumers.
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Increasing prevalence of non-communicable diseases such as cancer, diabetes, heart disease, and lung disorders has surged the demand for nutraceuticals. Hence, key players have established their positions in the market by investing more in research and having a better distribution system.
Key Takeaways from Market Study
- Type-B gelatin (animal bones & calf skin) as a source holds an approximate market share value of 7%of the global market in 2021.
- By size, size “0” capsules are expected to hold a dominant market share value of 7% in 2021 in the global market.
- Oral administration is displayed as a preferred route of administration in the global market with CAGR growth value expected to reach 4% by 2032.
- Pharmaceutical companies are the dominant segment in terms of end users within the global market, carrying an estimated market share value of about 1% in 2021.
- The U.S. is considered to be the most lucrative market, accounting for a value share of 8% in 2021 in North America.
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Market Competition
Market expansion will be hampered by increasing vendor competition. With the presence of numerous brands and regional and local vendors, the market is expected to be fragmented. Furthermore, suppliers in the hard gelatin capsules industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates.
During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The hard gelatin capsules industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.
Key Players :
- ACG Worldwide
- Lonza-Capsugel
- Qualicaps, Inc. – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- Sunil Healthcare Ltd.
- CapsCanada Corporation / Farmacapsulas
- Roxlor LLC
- Suheung Co., Ltd. – EmboCaps
- Medi-Caps Ltd.
- Others
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Key Market Segments Covered in Hard Gelatin Capsules Industry Research
By Source:
- Type-A (Pork Skin)
- Type-B Gelatin (Animal Bones & Calf Skin)
- Fish Bone Gelatin
By Size:
- Size “000” Capsules
- Size “00” Capsules
- Size “0” Capsules
- Size “1” Capsules
- Size “2” Capsules
- Size “3” Capsules
- Size “4” Capsules
- Size “5” Capsules
By Route of Administration:
- Oral Administration
- Inhalation Administration
By End User:
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- CROs & CDMOs
Explore FMI’s Extensive ongoing Coverage in Healthcare Domain:
- https://marketresearch89.wordpress.com/2023/03/18/anaesthesia-machines-market-trends-gross-earnings-and-emerging-growth-opportunity-by-2027/
- https://gezelligkletsen.nl/read-blog/35097
- https://marketresearchblog.review-blogger.com/39425157/anaesthesia-machines-market-trends-gross-earnings-and-emerging-growth-opportunity-by-2027
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