Global Empty Capsules Market Report and Forecast 2024-2032

Global Empty Capsules Market Outlook

The global empty capsules market value was USD 2.43 billion in 2023, driven by the increasing demand for capsule-based pharmaceutical and nutraceutical products across the globe. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2024-2032 to achieve a value of USD 4.47 billion by 2032.

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North America is Expected to Lead the Market of Empty Capsules

North America is predicted to hold the major share of the empty capsules market during the forecast period, followed by Europe. This can be ascribed to the significant presence of a number of pharmaceutical giants with large capacities utilizing these capsules, along with the large presence of major capsule manufacturers with large production capacities in these regions. The rising emphasis on superior pharmaceutical products and generics by doctors and patients also increased the demand for empty capsules. As the pharmaceutical manufacturing sector in the Asia-Pacific region expands, several factors are expected to drive the impressive growth of empty capsules in the region. The rising patient pool in these regions also drives the market growth.

Market Segmentation

Empty capsules are stable shells that encapsulate medicines. They are administered in a variety of forms as dosage. Of these, the demand for vegetable/non-gelatine capsules is expected to increase in the coming years. This could be attributed to the rising preference among consumers for natural or non-animal origin capsules.

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Based on type, the industry for empty capsules is segmented into:

• Gelatine capsules
• Non-gelatine capsules

Gelatin capsules are further divided on the basis of type into hard and soft gelatine.

On the basis of raw materials used in empty capsules, the industry is segmented into:

• Porcine
• Bovine
• Bone
• Hydroxypropyl Methylcellulose (HPMC)
• Starch material
• Others

On the basis of functionality, the industry is segmented into:

• Immediate-Release Capsules
• Sustained-Release Capsules
• Delayed-Release Capsules

On the basis of application, the industry is segmented into:

• Antibiotic and Antibacterial Drugs
• Dietary Supplements
• Antacid and Anti flatulent Preparations
• Cardiovascular Therapy Drugs
• Other

On the basis of end use, the industry is segmented into:

• Pharmaceutical
• Nutraceutical
• Cosmetics
• Others

The regional markets for the empty capsules include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Technological Developments in the Industry Boosts the Market Growth for Empty Capsules

The growing popularity of capsules over other drug delivery forms has been the major driver of the market. Another pivotal driver is an increase in the strategic collaborations between empty capsule suppliers and gelatine manufacturers. The growing adoption of capsules among the increasing geriatric population is driving the market growth. Further, rapid developments in capsule delivery technologies are set to supplement the market growth. However, ethical concerns, fluctuations in price regarding gelatin, and strict regulations in the pharmaceutical industry are expected to decelerate the market growth.

Capsule delivery has experienced major technological developments over the years. These developments include improvement of capsule shells, capsule-sealing techniques, enhancing fill material, capsule systems to achieve modified drug release, and the encapsulation of different materials. These advancements have propelled the market growth of empty capsules in recent years. Development of technologies such as capsule-in-capsule to protect gastric-sensitive active ingredients allows for the improvement of gastrointestinal safety for patients who couldn’t receive capsule medication. An overall improved product development helped achieve significant penetration into wider populations. The Covid-19 pandemic is expected to be a major driver for this market for the forecast period.

However, ethical concerns, fluctuations in price regarding gelatine, and strict regulations in the pharmaceutical industry are expected to decelerate the market growth.

Key Industry Players in The Global Empty Capsules Market

The report presents a detailed analysis of the following key players in the global empty capsules market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Cupsugel (Lonza Group Ltd)
• ACG Group
• Qualicaps (Mitsubishi Chemical Corporation)
• Capscanada (Lyfe Group Co.)
• Roxlor Group
• Suheung Co., Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report