PUBLISHER: Orion Market Research | PRODUCT CODE: 1215796
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215796
Title:Global Empty Capsules Market Size, Share & Trends Analysis Report, By Product (Gelatin and Non-Gelatin), By Therapeutic Application (Antibiotic & Antibacterial Drugs, Vitamin & Dietary Supplements, Antacids & Anti-Flatulent Preparations, Anti-Anemic Preparations, Anti-Inflammatory & Anti-Rheumatic Drugs, Cardiac Therapy Drugs, and Cough & Cold Preparations), By End-User (Pharmaceuticals, Nutraceuticals, Cosmetics, and Research Laboratories), Forecast Period (2022-2028).
The global empty capsules market is anticipated to grow at a CAGR of 7.2% during the forecast period. The increasing aging population across the globe is boosting the empty capsules market, as the old people prefer capsules rather than tablets and other forms. Empty capsules can be used for storing medicine, herbs and other medicine which can be easily taken orally. Benefits such as swallowing, faster dissolution, fast absorption rate, ease on the stomach, and the odorless and tasteless gelatin-coating are increasing the demand for these capsules in the pharmaceutical industry.
The global empty capsules market is segmented based on product, therapeutic application, and end-user. Based on the product, the market is segmented into gelatin and non-gelatin capsules. Based on the therapeutic application, the market is segmented into antibiotic & antibacterial drugs, vitamin & dietary supplements, antacids & anti-flatulent preparations, anti-anemic preparations, anti-inflammatory & anti-rheumatic drugs, cardiac therapy drugs, and cough & cold preparations. Based on end-user the market is segmented into pharmaceuticals, nutraceuticals, cosmetics, and research laboratories. The above-mentioned segments can be customized as per the requirements. Based on the end-user segment the pharmaceuticals industry segment is anticipated to hold a prominent share in the market. The rising prevalence of infectious and chronic diseases across the globe is creating demand for these empty capsules as nowadays consumers are more preferring capsules in comparison to other forms such as tablets and syrups, owing to their various advantages.
The global empty capsules market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is anticipated to hold a prominent share in the empty capsules market during the forecast period, owing to the significant share in pharmaceutical and nutraceuticals manufacturing.
The major companies serving the global empty capsules market include ACG, Suheung Co., Ltd., Medicaps Ltd., Qualicaps, Inc., and Lonza Group Ltd. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, ACG Associated Capsules Pvt. Ltd. Planned to set up the world's largest greenfield vegetarian capsule factory at an investment of nearly $100 million in Aurangabad, Maharashtra, India.
Research Methodology
The market study of the global empty capsules market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: