Authored By: Sarah
11 Jul 2024

 Empty Capsules Market Size to grow by USD 1061.3 million between 2024-2028

According to a research report “ Empty Capsules Market” by Type (Gelatin capsules, Non-Gelatin capsules) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1061.3 million, at a CAGR of  7.08% during the forecast period. The global empty capsules market is poised for significant expansion, driven by the increasing demand for prescription and over-the-counter drugs. Factors such as an aging population and the rise in the prevalence of chronic diseases are key growth drivers. Additionally, the increasing healthcare awareness and the growing knowledge of medicines among consumers, facilitated by the widespread use of the Internet, are fueling the sales of over-the-counter drugs. These trends are expected to continue during the forecast period, leading to increased production of therapeutics and subsequently, driving the growth of the global empty capsules market.

Browse market data tables, figures, and in-depth TOC on “Empty Capsules Market” by Type (Gelatin capsules, Non-Gelatin capsules) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Type, the Gelatin capsules segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

The Empty Capsules Market represents a significant business opportunity for pharmaceutical and nutraceutical companies. These capsules, devoid of active ingredients, serve as essential components in the production process of various health supplements and medications. The market's growth is driven by increasing consumer preference for personalized medicines, rising demand for dietary supplements, and expanding pharmaceutical industry. Companies focusing on innovation, cost-effectiveness, and regulatory compliance will thrive in this market.

North America is forecasted to hold the largest market size by region in 2024

The Empty Capsules Market represents a significant business opportunity for pharmaceutical and nutraceutical companies. These capsules, devoid of active ingredients, serve as essential components in the production process of various formulations. The market's growth is driven by increasing demand for personalized medicine, dietary supplements, and the ongoing trend of capsule-based drug delivery systems. Companies focusing on innovation and cost-effective solutions are poised to capture a larger market share.

The Empty Capsules Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ACG
  • Ajix Inc.
  • Bright Pharma Caps Inc.
  • Healthcaps India Ltd.
  • Lonza Group Ltd.
  • Mitsubishi Chemical Group Corp.
  • Nectar Lifesciences Ltd.
  • Qingdao Yiqing Biotechnology Co. Ltd.
  • Roxlor LLC
  • Shanxi Guangsheng Medicinal Capsule Co. Ltd.
  • Shanxi JC Biological Technology Co. Ltd.
  • Snail Pharma Industry Co. Ltd.
  • Suheung Co. Ltd.
  • Sunil Healthcare Ltd.
.

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Research Analysis Overview

The Empty Capsules Market in the cosmeceutical and nutraceutical industries is experiencing significant growth due to an aging population and a rise in health-conscious customers seeking personalized health solutions. Pharmaceutical manufacturers are innovating with capsule formulations using inert substances like Pullulan, Starch, and Hydroxypropyl Methylcellulose, offering vegan alternatives to traditional gelatin capsules. These plant-based alternatives are not only environmentally friendly but also cater to cultural practices and dietary restrictions. The pharmaceutical sector is also witnessing drug delivery innovations, with capsules playing a crucial role in delivering medicinal agents and nutraceutical ingredients for chronic diseases such as cancer, diabetes, and other non-communicable diseases. However, it's essential to note that while capsules offer benefits, they can also have negative effects, including potential interactions with drugs and individual sensitivities. As the market for nutraceuticals continues to expand, the demand for empty capsules is expected to grow. The use of empty capsules in the cosmeceutical industry is also increasing, with some manufacturers incorporating them into skincare formulations for enhanced delivery of active ingredients. Overall, the empty capsules market is poised for continued growth, driven by the aging population, health-conscious consumers, and the need for innovative drug delivery systems.

Market Research Overview

The Empty Capsules Market encompasses a wide range of products used in various industries, including the nutraceutical and pharmaceutical sectors. Titanium Dioxide is a common excipient used in the production of empty capsules. Nutraceutical manufacturers utilize these capsules for producing patient-centric medications in the form of delayed release, sustained release, and immediate release capsules. The Gelatin market plays a significant role in the production of gelatin-based capsules, with raw gelatin being the primary raw material. Veg capsules are gaining popularity due to dietary restrictions and cultural practices. Conditions like Irritable Bowel Syndrome, Neck pain, Osteoarthritis, and other musculoskeletal conditions are commonly treated using these capsule formulations. The aging population's growing need for geriatric-friendly medicine solutions has led to innovations such as liquid-filled hard capsules and soft gelatin capsules. Minerals, Vitamins, and Herbal supplements are the major nutraceutical products utilizing these capsules. The cosmeceutical industry also uses empty capsules for liquid encapsulation. The Empty Pill Industry caters to both the pharmaceutical and nutraceutical sectors, with the oral administration segment being the largest. Producers of pharmaceuticals and nutraceuticals are continually developing customizable dose forms using inert substances and medicinal agents. The Non-gelatin capsules market is growing due to the demand for plant-based alternatives, taste masking, convenience, and environmental friendliness. Pullulan, Starch, and Hydroxypropyl Methylcellulose are common materials used in the production of these capsules. The Health Nutrition Industry, including the dietary supplements segment, is a significant consumer of empty capsules. Cardiovascular therapy drugs, Anti-inflammatory drugs, and Anti-anemic preparations are some of the pharmaceutical compositions using these capsules. Research laboratories in the Nutraceutical industry are continuously innovating in the field of drug delivery, with Delayed-release capsules and Sustained-release capsules being popular choices. The Non-gelatin capsules segment and Gelatin capsules segment each have their unique advantages, with the former being preferred for its environmental friendliness and the latter for its affordability and versatility. The empty capsules market is driven by the growing demand for personalized medicine, customizable dose forms, and oral administration alternatives. The market is expected to grow significantly in the coming years due to the increasing prevalence of chronic diseases like Cancer, Diabetes, and Non-communicable diseases. The market is also being influenced by the health-conscious customers' growing awareness and preference for vegan capsules and other plant-based alternatives. The industrial regions, including Europe, North America, and Asia-Pacific, dominate the empty capsules market due to their large pharmaceutical and nutraceutical industries. The IV bags market and the animal origin-based products industry, including Poultry, Horses, Fish, Pigs, and Cattle, also contribute significantly to the demand for empty capsules, as their by-products like Hooves, Bones, and Hides are used in the production of Collagen and Gelatin. The negative effects of drugs and the increasing awareness of the benefits of natural remedies have led to a surge in the demand for herbal formulations, medicines, and nutritional supplements. The empty capsules market is expected to continue growing, offering opportunities for producers to innovate and cater to the diverse needs of consumers. The use of automation and Good Manufacturing Practices in the production of empty capsules ensures the highest quality and consistency, making them a preferred choice for both the pharmaceutical and nutraceutical sectors. The market is expected to continue growing, driven by the increasing demand for patient-centric medications, personalized medicine, and oral administration alternatives.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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