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The empty capsules market share is estimated to increase by USD 1.06 billion from 2023 to 2028, increasing at an accelerating CAGR of 7.08%. The market is experiencing significant growth, driven by the expanding applications within the pharmaceutical sector. This trend is fueled by technological advancements in capsule manufacturing, enabling the production of more sophisticated and customizable capsules. Furthermore, the increasing geriatric population represents a substantial market opportunity, as older adults often require more prescription medications, which are frequently administered in the form of capsules. The market's growth trajectory is expected to continue as these trends persist.
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The market is experiencing significant growth, driven by the increasing demand for nutraceuticals, personal health awareness, and rising cases of non-communicable diseases such as diabetes and cancer. The market landscape depends on nutritional supplements, Medicinal agents, and Inert substances. The nutraceutical ingredients market is expanding due to dietary restrictions, cultural practices, and the need for animal origin-based products like collagen derived from slaughtered animals, hides, bones, hooves, cattle, pigs, fish, horses, and poultry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACG - The company offers HX vegetarian capsules suitable for pharmaceutical and nutraceutical applications available in different colour combinations of blue and white and can be used with titanium dioxide-free opacifiers.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The gelatin capsules segment is estimated to witness significant growth during the forecast period. The market caters to the growing demand from health-conscious customers seeking environmentally friendly and plant-based alternatives to traditional medicines and nutritional supplements. This market intersects with the pharmaceutical sector, driving innovations in drug delivery through empty capsule solutions.
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The gelatin capsules segment was the largest segment and valued at USD 1.33 billion in 2018. Pharmaceutical producers are increasingly focusing on producing various pharmaceutical compositions using type-B gelatin capsules, size "0" capsules, and oral administration alternatives. The elderly population's increasing need for geriatric-friendly medicine solutions and personalized medicine has fueled the growth of the empty pill industry. Nutraceutical products, herbal formulations, and customizable dose forms are gaining popularity, leading to an expansion in the market. Hence, such factors are fuelling the growth of the segment during the forecast period.
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North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses the production and distribution of capsules used in the health nutrition industry for various nutraceutical applications. These capsules, available in both gelatin and non-gelatin forms, cater to the growing demand for dietary supplements to address non-communicable diseases such as diabetes, cancer, and other chronic conditions. Gelatin capsules, a significant segment of the market, are derived from animal origin-based products, including hides, bones, hooves, and other by-products of cattle, pigs, fish, horses, and poultry. In contrast, non-gelatin capsules are typically made from plant-based sources, making them suitable for individuals with dietary restrictions or cultural practices that prohibit animal-derived products. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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In the market, type-B gelatin capsules dominate due to their widespread use in pharmaceuticals, including antibiotic and antibacterial drugs, antacid and antiflatulent preparations, anti-anemic preparations, anti-inflammatory drugs, and cardiovascular therapy drugs. The market also includes non-gelatin capsules, catering to health-conscious customers and those with dietary restrictions. Vegan capsules made from plant-based alternatives like hydroxypropyl methylcellulose, starch, and pullulan are gaining popularity for being environmentally friendly. Advancements in drug delivery innovations have led to the development of immediate-release, sustained-release, and delayed-release capsules. Personalized medicine, drug research and development, and Good Manufacturing Practices are enhancing capsule formulations. Nutraceutical manufacturers are focusing on convenience, taste masking, and customizable dose forms to meet the needs of the aging population and geriatric patient population.
The cosmeceutical industry and the nutraceutical sector are increasingly using empty capsules for vitamins, minerals, herbal supplements, and liquid-filled hard capsules. Innovations like smart pill technologies and liquid encapsulation are revolutionizing the market, providing personalized medicine solutions and improving medication administration for conditions like osteoarthritis, neck pain, and irritable bowel syndrome. The market is also seeing a rise in the use of natural and organic capsule materials, driven by the demand for environmentally friendly and health-conscious products. Industrial regions and pharmaceutical compositions are leveraging automation to enhance production efficiency. The market for empty capsules is poised for significant growth, driven by the increasing demand for nutraceutical products and personalized medicine.
Market Scope |
|
Report Coverage |
Details |
Page number |
138 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
Market growth 2024-2028 |
USD 1.06 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
6.49 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 47% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., and Sunil Healthcare Ltd. |
Market dynamics |
Parent market analysis, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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