Empty Capsule Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Empty Capsule Market Trends and Forecast

The future of the global empty capsule market looks promising with opportunities in the pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories. The global empty capsule market is expected to reach an estimated $4.1 billion by 2028 with a CAGR of 7.7% from 2023 to 2028. The major drivers for this market are growing demand for halal gelatin and vegetarian capsules, rising demand for nutraceutical ingredient based capsules, and growing need for empty capsules as the pharmaceutical industry flourishes.

Empty Capsule Market by Product, Functionality, Therapeutic Application, and End Use Industry

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Empty Capsule Market by Segments

Empty Capsule Market by Segment

The study includes trends and forecast for the global empty capsule market by product type, functionality, therapeutic application, end use industry, and region, as follows:

Empty Capsule Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:

Gelatin Capsules

Porcine

Bovine

Bone Meal

Others

Non-Gelatin Capsules

Hydroxypropyl Methylcellulose (HPMC)

Pullulan and Starch Material

Empty Capsule Market by Functionality [Value ($B) Shipment Analysis from 2017 to 2028]:

Immediate-Release Capsules

Sustained-Release Capsules

Delayed-Release Capsules

Empty Capsule Market by Therapeutic Application [Value ($B) Shipment Analysis from 2017 to 2028]:

Antibiotic & Antibacterial Drugs

Dietary Supplement

Antacid & Antiflatulent Preparation

Antianemic Preparation

Anti-inflammatory Drugs

Cardiovascular Therapy Drugs

Cough & Cold Drug Preparation

Others

Empty Capsule Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

Pharmaceutical Industry

Nutraceutical Industry

Cosmetic Industry

Research Laboratories

Empty Capsule Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Empty Capsule Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, empty capsule companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the empty capsule companies profiled in this report include-

Capsugel

ACG

Qualicaps

Suheung

CapsCanada

Qingdao Yiqing

Empty Capsule Market Insights

Lucintel forecasts that gelatin capsules will remain the larger segment over the forecast period due to increasing demand for immediate-release capsules by manufacturers for production of medical products, such as antibiotics, inhalers, pain relievers, and dietary supplements.

Pharmaceutical industry is expected to remain the largest end use industry segment due to the growing prevalence of chronic diseases and technological advancement in capsule manufacturing.

North America will remain the largest region due to the presence of a well-developed and organized healthcare system, increasing government funding in healthcare, and rising geriatric population in the region.

Features of the Empty Capsule Market

Market Size Estimates: Empty capsule market size estimation in terms of value ($B)

Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: Empty capsule market size by various segments, such as product type, functionality, therapeutic application, end use industry, and region

Regional Analysis: Empty capsule market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different product types, functionalities, therapeutic applications, end use industries, and regions for the empty capsule market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for the empty capsule market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the empty capsule market size?

Answer: The global empty capsule market is expected to reach an estimated $4.1 billion by 2028.

Q2. What is the growth forecast for empty capsule market?

Answer: The global empty capsule market is expected to grow with a CAGR of 7.7% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the empty capsule market?

Answer: The major drivers for this market are growing demand for halal gelatin and vegetarian capsules, rising demand for nutraceutical ingredients based capsules, and growing need for empty capsules as the pharmaceutical industry flourishes.

Q4. What are the major segments for empty capsule market?

Answer: The future of the empty capsule market looks promising with opportunities in pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories.

Q5. Who are the key empty capsule companies?

Answer: Some of the key empty capsule companies are as follows:

Capsugel

ACG

Qualicaps

Suheung

CapsCanada

Qingdao Yiqing

Q6. Which empty capsule segment will be the largest in future?

Answer: Lucintel forecasts that gelatin capsules will remain the larger segment over the forecast period due to increasing demand for immediate-release capsules by manufacturers for production of medical products, such as antibiotics, inhalers, pain relievers, and dietary supplements.

Q7. In empty capsule market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to the presence of a well-developed and organised healthcare system, increasing government funding in healthcare, and rising geriatric population in the region.

Q9. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the empty capsule market by product type (gelatin capsules and non-gelatin capsules), functionality (immediate-release capsules, sustained-release capsules, and delayed-release capsules), therapeutic application (antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, antianemic preparations, anti-inflammatory drugs, cardiovascular therapy drugs, cough & cold drug preparations, and others), end use industry (pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?