The global empty capsules market size is estimated at USD 1812.7 million in 2021. It is forecasted to be growing at a CAGR of 7.57% to reach USD 2610.9 million by 2026.
Empty capsules can be stored with herbs, powders, or medicines on a specific dosage form. The empty capsule can be available in different colors with various flavors. These are very popular due to their high absorption rates.
The COVID-19 pandemic positively influences the Global Empty capsules market, and the growth rate of the market has escalated in recent times to new heights. There is a massive demand for the use of vitamin supplements from people across the globe. Creating awareness over the benefits of boosting up immunity by taking dietary supplements and doing exercise regularly, the empty capsules' market size has seen furious growth from the start of 2020. Focusing on taking herbals with the empty capsule during the outbreak globally also highlights the demand for the market. In the COVID-19 fight, vitamin and other herbals medicines are taking center stage. The empty capsules market is to have a steady pace even after the COVID-19 crisis.
MARKET DRIVERS:
An increasing number of COVID-19 cases is a significant factor in the growth rate of the market. The rise in the prevalence of dietary supplements to boost up the immunity is also an attribute enhancing the growth rate of the market. According to the council for a responsible nutrition survey, in the U.S., more than 170 million people are taking dietary supplements where multivitamins, vitamin D, vitamin C, and Vitamin B/B complex are significant supplements.
Besides, on-going research on the development of quality empty capsules with support from government organizations accelerates the market's growth rate to the extent. A growing number of chronic incidences worldwide are leveling up the demand of the empty capsules market. Increasing pressure on clinical trial studies to introduce a vaccine for COVID-19 diseases enormously makes the market growth moving forward.
MARKET RESTRAINTS:
The shortage of skilled labor in the laboratories, coupled with the stringent rules and regulations by government authorities to approve only high-quality medicines, is hampering the empty capsule market's growth. The availability of other medicines at lower prices and fluctuations in the raw materials costs are also factors hindering the demand of the market. Issues related to the religion is also a restraining attribute for market growth. Along with this, the lack of knowledge over the usage of these products in rural areas is slowly limiting the empty capsules market's growth rate.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 to 2026 |
|
Base Year |
2020 |
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Forecast Period |
2021 to 2026 |
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Segments Covered |
By Product, Therapeutic Application, End-User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
This research report on the global empty capsules market has been segmented & sub-segmented based on the product, therapeutic application, end-user and region.
Empty Capsules Market – By Product:
Based on the product, the gelatin capsules segment is expected to grow at a significant CAGR during the forecast period. Increasing the geriatric population and the rise in the adoption of these capsules by older people are surging the demand for this segment. The non-gelatin capsule market is to have the highest CAGR in the coming years.
Empty Capsules Market – By Therapeutic Application:
Based on therapeutic application, the Dietary supplements and vitamins segment is thriving to have the most significant shares of the market with the rising demand for these supplements due to COVID-19 disease. Antibiotic and antibacterial drugs are next in leading the most significant shares of the market due to increasing incidences of various health problems. The cough and cold preparations category also to have substantial growth opportunities in the coming years.
Empty Capsules Market – By End User:
The pharmaceutical industry segment is growing with the dominant shares of the market from the past few years. The increasing scale of pharmaceutical industries all over the world is surging the demand for this segment. The cosmetic industry is positioned second in leading the market's dominant shares by owing to a rise in the prevalence of using cosmetic products with herbals. The nutraceutical industry and research laboratories are expected to have a slight growth rate in the future period.
Empty Capsules Market – By Region:
Regionally, North America is ruling the global empty capsules market with the highest shares from many years and can also stand at the top position in the coming years. Increasing incidences of cardiovascular diseases due to changes in lifestyles are greatly influencing the growth rate of the market. Also, the adoption of the latest technologies and the launch of innovative products in favor of the end-users elevate the market's growth rate. The U.S is leading with the dominant shares in this region owing to the rising number of pharmaceutical industries and the easy availability of skilled people in research centers. Canada is next to the U.S in dominating the shares.
Europe is following North America in leading the highest shares of the market. Growing demand for empty capsules due to their easy absorption rate boosts the need of the market. An increasing number of the patient pool is also a driving factor for the market. Germany and the UK are standing at the top in holding the market's prominent shares with increasing support from both private and public organizations.
Asia Pacific is deemed to have the highest CAGR in the forecast period. India and China are the major countries contributing to the most significant shares of the market. The rising population and growing awareness over empty capsules are leveling up the demand of this market. Besides, constant economic growth in developed countries elevates the growth rate of the market in the Asia Pacific.
KEY MARKET PLAYERS:
Notable market participants leading the global empty capsules market profiled in this report are Capsugel, ACG Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd, and Sunil Healthcare Limited.
MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
On June 19, 2018, Lonza’s Capsule Delivery Solutions, a leading company in pharmaceutical, launched a new specialty polymer capsule named Capsugel Vcaps. It is a high-quality medicine that extended the portfolio of the company in the market.
In August 2018, Capsugel Colorista was launched by Lonza’s Capsule Delivery Solutions, which is highly unique in compatibility testing. It is a user-friendly capsule where the user can choose the color from a wide array. These are available in the Vcaps® Plus (HPMC) and Coni-Snap® gelatin.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Gelatin Capsules
5.1.2 Non Gelatin Capsules
5.2 By Therapeutic Applcation
5.2.1 Antibiotic and Antibacterial Drugs
5.2.2 Vitamins and Dietary Supplements
5.2.3 Antacid and Antiflatulent Preparations
5.2.4 Antianemic Preparations
5.2.5 Anti-Inflammatory Drugs
5.2.6 Cardiovascular Therapy Drugs
5.2.7 Cough and Cold Preparations
5.2.8 Other therapeutic applications
5.3 By End User
5.3.1 Pharmaceutical Industry
5.3.2 Nutraceutical Industry
5.3.3 Cosmetics Industry
5.3.4 Research Laboratories
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Capsugel
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Suheung Co Ltd.
8.3 Acg Worldwide
8.4 Bright Pharmacaps Inc.
8.5 Capscanada Corporation
8.6 Medi-Caps Ltd.
8.7 Qualicaps
8.8 Roxlor, LLC
8.9 Snail Pharma Industry Co., Ltd.
8.10 Sunil Healthcare Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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