Global Empty Capsules Market Size, Share & Trends Analysis Report By Product (Gelatine, Non-Gelatine), By Therapeutic Application (Antibiotic and Antibacterial Drugs, Vitamins and Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations (Hematinic Preparations), Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Preparations, Other therapeutic applications), By End Use (Pharmaceutical, Nutraceutical, Cosmeceutical, Research Laboratories) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032. The report offers the value (in USD Billion) for the above segments.

Market Overview

Global Empty Capsules Market size was valued at around 3.81 billion in 2023 and is expected to reach a value of USD 5.19 billion by 2032, at a CAGR of 5.9% over the forecast period (2024–2032).

Several major drivers contributing to the expansion of the capsule market are fast growth in aged population, which subsequently has reflected in a high demand for pharmaceuticals. Due to easier ingestion and dissolution rate than that of tablets, today more people are preferring capsules rather than tablets. Cosmeceutical, nutraceutical, and pharmaceutical sectors also have been at the forefront in the market regarding rising demand for capsules.

Capsules dissolve rapidly, therefore they tend to absorb things rapidly, thus most consumers find them because they are easily digestible by tasteless and odourless Gelatine coats. Because some active ingredients from encapsulated drugs get protected by the harsh environment of the digestive system, thereby raising their bioavailability, these reasons are more prominent in majority nutraceuticals and cosmeceuticals preferring a medicine in its capsule form. Capsules can also be prepared in a way that the active ingredient is released very slowly over a set period of time or to a particular area of the body to increase the absorption of drugs.

Another important aspect driving the empty capsules market is that capsules are faster acting compared to tablets. Capsules could be slightly more effective than tablets since they provide a higher bioavailability, through which more drugs can be introduced into the blood. Additionally, capsules make medicines easier to ingest as they release both liquid and solid dosages.

Market Drivers

Increasing Demand for Nutraceuticals

• Nutraceuticals are available in the form of capsules and are packed with good number of whole grains, fibre, antioxidants, heart-healthy components, vitamins, minerals, calcium, and omega-3 fatty acids. As people are adopting health-conscious attitudes globally, they opt for customized supplements and healthy diets to maintain both physical and mental well-being and, as a result, the nutraceutical market has increased. Some of the main focal trends for the nutraceutical market are children, gut health, sleep, and vision. More than 47,000 participants in 318 Indian districts participated in one research, which pointed out that 71% of the respondents regularly use nutraceuticals, indicating a significant behavioural shift towards health awareness. Nutraceutical ingredients are expected to reach as high as USD 261.7 billion by 2027. Plant-based alternatives and CBD-based products are increasingly used in mental health, among other areas.

Market Opportunities

Expansion of Capsule Production in Emerging Economies

• The normally vigorous pharmaceutical industry is under threat from a dwindling pipeline of new medicines, increasing government pressure to reduce spending on healthcare, and tough regulations on new drugs. Low production costs, attractive tax rates, and lax regulations invite empty capsule manufacturers to relocate their business in growing economies of developing countries. To cope with the increasing demand for empty capsules and increase pharmaceutical productions, big businesses develop their respective activities in these sectors. For instance, a large South Korean company began a facility in Vietnam in May 2022, significantly expanding its yearly production of capsules. Similarly, in February 2021, a European firm began to receive more attention in South Asia. Contract manufacturing, which involves focusing on core activities while outsourcing production, is being employed by most pharmaceutical companies to overcome profit margin constraints resulting from cost-cutting and legislative reforms. This is creating the anticipated demand for empty capsules.

Market Restraining Factors

Dietary Restrictions and Issues with Gelatine

• The original and most widely used ingredient in making capsules is Gelatine, which has been very widely used in the pharmaceutical and nutraceutical industries. Because it is prepared from the collagen of animal byproducts such as bones, skins, and hooves, Gelatine is unsuitable for use by people with dietary or religious restrictions on the use of animal products. The demand for Kosher and Halal capsules categorized as vegetarian is increasing, because of the increase in the vegetarian and vegan diets. In comparison to Gelatine capsules, vegetarian capsules work well with different kinds of substances, and are utilized by a more extensive customer base. The mentioned issues are what are restricting the market expansion of Gelatine-based capsules.

Segmentation Analysis

The market scope is segmented because of by Product, by Therapeutic Application, by End Use.

• By Product

Based on the Product of the market is segmented into Gelatine, Non-Gelatine.

In the year 2023, Gelatine held the highest market share with a sales share of 73.5%. Products available are pig meat Gelatine, bovine Gelatine derived from bones, bone meal Gelatine, and other Gelatine-based empty capsule products, which are protein-based pills, tasteless, gluten-free, and GMO-free. They can be tailored according to one's specific needs and may appeal to specific populations by varying their colour, shape, or size.

During the projection period, the non-Gelatine capsules category would register the maximum growth rate, and non-Gelatine capsules are commercially available in two basic types - pullulan obtained from the tapioca root, and cellulose-based, called HPMC. Since it is derived from vegetable cellulose, its demand is increasing as a substitute to the non-vegetarian or Gelatine capsule, specially while formulating vegan or vegetarian products.

• By Therapeutic Application

Based on the Therapeutic Application of the market is segmented into Antibiotic and Antibacterial Drugs, Vitamins and Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations (Hematenic Preparations), Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Preparations, Other therapeutic applications.

In the antibiotic and antibacterial drug segment, the market was dominated and hence held the largest revenue share in 2023. The most commonly used antibacterial drugs include nitrofurantoin, sulfonamide, tetracycline, and penicillin. There will be a higher demand for antibiotics and antibacterial drugs for increasing bacterial infections, tuberculosis, bladder infections, and gastrointestinal infections. The market is also growing due to an increase in research and development efforts for antibiotics and antibacterial medications.

In the forecast period, vitamins and dietary supplements are expected to have the highest CAGR. This is attributed primarily to an increase in vitamin and dietary supplement usage, user-friendliness, growing acceptability of dietary supplements, the rise in necessity for vitamin products due to an alteration in lifestyles, and growing awareness of health and fitness among people, further increasing demand for these products.

• Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. In 2023, North America is dominated in the market by an empty capsule’s revenue share of 34.7%. Several large facilities are used for production in North America as well as various significant capsule manufacturing sites. Pharmacies from all over the world can be found in North America. The most innovative technologies in the pharmaceutical industry led to the most growth in the region.

U.S. Market Trends for Empty Capsules

In 2023, The U.S. market for empty capsules dominated the North American market because of the rise in health issues such as obesity, arthritis, and cancer, which led to a high demand for nutraceuticals to prevent these serious illnesses. Moreover, the market is expanding due to growing customer preferences for personalized dietary supplements and health solutions that are easier to manufacture and take in capsule form as opposed to tablets or powders.

European Market Trends for Empty Capsules

In 2023, the market for empty capsules was found to be quite profitable in Europe. A major market for empty capsules, the region has a thriving pharmaceutical industry, several multinational corporations, and research institutions. Europe's robust pharmaceutical regulations guarantee the market for empty capsules is held to high standards.

With advancements in technology of capsules- including sustainable, biodegradable solutions-the UK market for empty capsules is projected to grow fast in the future years, garnering interest not only from the manufacturers but from the consumers. Drugs, largely presented in an empty capsule format, are more and more demanded with the greying population, and the number of chronic conditions such as diabetes and heart ailments on the increase.

Trends in the Asia Pacific Empty Capsules Market

It is expected that during the forecast period, the market for empty capsules in Asia Pacific would grow at the fastest CAGR. The market is growing due to support from government programs, growth in the pharmaceutical industry, and rapid advancement of the healthcare industry. Further supporting market growth are the increasing trends in cosmeceuticals and nutraceuticals as well as the growing demand for healthy lifestyles.

China holds an important portion of the empty capsules market with large market shares for the year 2023. China serves as a primary manufacturing hub since there are wide range pharmaceutical and nutraceutical business networks operating through the nation. Most such firms formulate products from empty capsules. The growing trend of this country's market propels towards setting up cheaper quality facilities that produce empty capsules. Furthermore, the empty capsules market is expected to increase in pace owing to the healthy policies of the Chinese government, which includes healthcare infrastructure and other incentives for pharmaceutical manufacturing.

Key Findings:

• Belgium was the top non-subject exporting country globally with a share of 51.4 percent of all export values made in 2023 and exported over $252.7 billion. The other following four big exporters that combined together constituted nearly 21.4 percent of the total global value in the year 2023. The countries mentioned here were United States, Mexico, Croatia, and South Korea. The exports of non-subject countries together accounted for a total value of nearly 55.3 percent of all export values that occurred globally in the year 2023.

List of Companies Profiled

• Bright Pharma Caps Inc.
• Lonza Group
• Qualicaps
• HealthCaps India Ltd
• Dun & Bradstreet, Inc. (Shanxi JC Biological Technology Co. Ltd)
• ACG
• Medi-Caps Ltd
• Suheung
• capsCanada Corporation

Key Industry Developments

In March 2024, for more than $1 billion, Lonza and Roche agreed to buy Genentech's biologics production facility in California. This is expected to make Lonza one of the biggest locations in the world and greatly improve its capacity to manufacture biologics. To meet the demands of next-generation mammalian biologics medicines, Lonza plans to invest up to USD 600 million in modernizing the facility and enhancing its capabilities.

Report Coverage

The report will cover the qualitative and quantitative data on the global Empty Capsules Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Global Empty Capsules Market Regional Analysis

North America accounted for the highest xx% market share in terms of revenue in the Empty Capsules market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Empty Capsules. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Empty Capsules companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Empty Capsules Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Empty Capsules Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions

• How much the global Empty Capsules Market valued?
• Which region has the largest share in 2024 for the global Empty Capsules Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of Empty Capsules Market

• Historic year: 2016- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Billion

Empty Capsules Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: