According to recent projections, the global market for empty capsules is poised for significant growth, with sales expected to reach US$ 2.3 Billion in 2023. Furthermore, the market is predicted to continue its upward trajectory, registering a compound annual growth rate (CAGR) of 7.9% between 2023 and 2033, ultimately reaching a valuation of US$ 4.9 Billion.
The primary factors driving the demand for empty capsules include the increasing popularity of capsules as a preferred drug delivery form, coupled with the rising consumption of various medications. As the global burden of chronic diseases continues to escalate, the demand for effective therapeutics is expected to surge, creating lucrative opportunities for suppliers of empty capsules.
Moreover, the shift towards capsule-based drug delivery systems can be attributed to their several advantages, including improved bioavailability, better patient compliance, and enhanced efficacy. These benefits have contributed to the growing preference for capsules among patients and healthcare professionals alike, thereby fuelling the demand for empty capsules.
Overall, the outlook for the global empty capsules market appears promising, with robust growth prospects expected in the coming years. Key players operating in the market are likely to benefit from this trend, provided they adapt to changing consumer preferences and invest in product innovation to stay ahead of the competition.
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Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.
Key Takeaways
- With a market share of more than 38.3%, North America now dominates the global empty capsules industry.
- Western Europe and Eastern Europe currently have market shares of more than 18.8% and 7.8%, respectively.
- Latin America is expected to develop significantly throughout the projected period, accounting for more than 9.7% of the worldwide empty capsules market.
- The German empty capsules market is committed to the region’s growth. The German market is expected to reach US$ 269.6 million by 2033, growing at a CAGR of 7.9% in the interim.
- Gelatin-based capsules, particularly 00 gelatin capsules, 000 gelatin capsules, size 5 gelatin capsules, and size 3 gelatin capsules, are expected to grow in popularity until 2033.
- In recent years, there has been a significant growth in the consumption of nutraceuticals to strengthen immunity and compensate for the nutrition lost owing to poor eating habits and the irregularity of a sedentary lifestyle.
Competitive Landscape
The global empty capsules market is known to be highly competitive in nature attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players are constantly focusing on introducing new products designed out of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc. to expand their global footprint.
List encompassing key players operating in Empty Capsules Market
- ACG Worldwide
- Capsugel
- Qualicaps Inc.
- Bright Pharma Caps Inc.
- Sunil Healthcare Ltd.
- CapsCanada Corporation
- Roxlor LLC
- Snail Pharma Industry Co. Ltd.
- Suheung Co. Ltd.
- Medi-Caps Ltd
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Key Segments of Empty Capsules Industry Survey
Capsule Size:
- Size “000” Empty Capsules
- Size “00” Empty Capsules
- Size “0” Empty Capsules
- Size “1” Empty Capsules
- Size “2” Empty Capsules
- Size “3” Empty Capsules
- Size “4” Empty Capsules
- Size “5” Empty Capsules
Product Type:
- Gelatin (Hard)-based Capsules
- Vegetarian-based Capsules
Route of Administration:
- Empty Capsules for Oral Administration
- Empty Capsules for Inhalation
Raw Material:
- Contract Type-A (Pork Skin) Empty Capsules
- Type-B Gelatin (Animal Bones & Calf Skin) Empty Capsules
- Fish Bone Gelatin Empty Capsules
- Empty Hydroxy Propyl Methyl Cellulose (HPMC) Empty Capsules
- Starch Material Empty Capsules
- Empty Pullulan Capsules
End User:
- Empty Capsules for Pharmaceutical Companies
- Empty Capsules for Cosmetic & Nutraceutical Companies
- Empty Capsules for Clinical Research Organizations (CROS)
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