Empty Capsules Market
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)
Empty capsules market is expected to grow at a CAGR of 7.2% during the forecast period. The increasing demand from the pharmaceutical industry owing to the consumer preference for capsules over tablets is driving the growth of the empty capsules market. Owing to several benefits offered by empty capsules, such as higher drug absorption, less gastrointestinal irritation, ease to swallow, tasteless, and odorless, these are more preferred by consumers which in turn, is boosting the growth of the market.
Impact of COVID-19 Pandemic on the Global Empty Capsules Market
The COVID-19 pandemic majorly affected most businesses across the globe. The spread of the COVID-19 virus forced the governments to impose a strict lockdown which restricted most transportation and movements internationally. Although it doesn’t impact the market much as during the pandemic the use of medicines increased for different applications such as boosting immunity and other purposes. Additionally, the use of other health-related supplements to improve overall health in form of capsules has boosted the market during the pandemic. Hence, the pandemic has positively impacted the demand for empty capsules.
Segmental Outlook
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 pharmaceutical, nutraceutical, cosmetics industries, and research laboratories. The above-mentioned segments can be customized as per the requirements.
Antibiotic and Antibacterial Drugs Segment to Witness Significant Share in the Global Empty Capsules Market During the Forecast Period.
Based on therapeutic application, the antibiotic and antibacterial drugs segment is expected to hold a significant share in the empty capsules market during the forecast period. The growing prevalence of chronic diseases and infectious diseases are contributing to the demand for empty capsules. For the treatment of both these diseases, doctors prescribe different medicine in the form of capsules, which creates a demand in the pharmaceutical industry to make medicines in capsule form. According to the International Foundation for Gastrointestinal Disorders (IFFGD), around 5-10% of the population across the globe has irritable bowel syndrome (IBS), which is a disorder of abdominal pain or discomfort and uneven bowel habit. These kinds of diseases positively impact the sale of the drugs in the form of capsules, which in turn significantly drives the demand for empty capsules.
Regional Outlook
The global empty capsules market is further segmented based on geography including North America (the US and Canada), Europe (UK, 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 global empty capsules market owing to the growing consumer awareness about nutraceutical products and their benefits. These nutraceutical supplements are mostly consumed in capsule form which supports the management and prevention of chronic diseases. According to The Observatory of Economic Complexity (OEC), in 2020 the top importer of vitamins was the US ($124 million), followed by China ($76.1 million), and the Netherlands ($69.9 million). These vitamins are used by companies to make supplements for consumers, hence supporting the demand for empty capsules.
Global Empty Capsules Market Growth, by Region 2022-2028
Asia-Pacific Region is Expected to Hold Considerable Share in the Global Empty Capsules Market During the Forecast Period
Asia-Pacific region is expected to hold a considerable share in the empty capsules market during the forecast period. The increasing demand for cosmeceuticals in the region is driving the demand for empty capsules in the region. Consumers in the Asia-Pacific region are more aware of organic and personal care products for beauty and personal hygiene which escalated the sales of these products. They prefer herbal, organic, and ayurvedic products and such products come in different forms such as capsules and powder. These factors are expected to further accelerate the demand for empty capsules in the region.
Market Players Outlook
The major companies serving the global empty capsules market include ACG, Suheung Co., Ltd., Medicaps Ltd., Qualicaps, Inc., and Lonza Group Ltd. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, Dr Reddy Laboratories received the US FDA(USFDA) approval for the launch of generic Penicillamine capsules, which are used for the treatment of Wilson’s disease and cystinuria, in the US.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global empty capsules market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Empty Capsules Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ACG
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Suheung Co., Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Medicaps Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Qualicaps, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Lonza Group Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Empty Capsules Market by Product
4.1.1. Gelatin
4.1.2. Non-Gelatin
4.2. Global Empty Capsules Market by Therapeutic Application
4.2.1. Antibiotic & Antibacterial Drugs
4.2.2. Vitamin & Dietary Supplements
4.2.3. Antacids & Anti-Flatulent Preparations
4.2.4. Anti-Anemic Preparations
4.2.5. Anti-Inflammatory & Anti-Rheumatic Drugs
4.2.6. Cardiac Therapy Drugs
4.2.7. Cough & Cold Preparations
4.3. Global Empty Capsules Market by End User
4.3.1. Pharmaceuticals
4.3.2. Nutraceuticals
4.3.3. Cosmetics
4.3.4. Research Laboratories
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bright Pharma Caps Inc.
6.2. Chandra Drugs Pvt. Ltd
6.3. Empty Capsules
6.4. Erawat Pharma Ltd.
6.5. Healthcaps India Ltd
6.6. Lifecare Neuro Products Ltd.
6.7. Natural Capsules Ltd.
6.8. Nectar Lifesciences Ltd
6.9. Patheon, Inc. (Thermo Fisher Scientific Inc.)
6.10. Pharmapproach Ltd.
6.11. Qingdao Yiqing Medicinal Capsules Co. Ltd
6.12. Shanxi Guangsheng Medicinal Capsules Co. Ltd
6.13. Sunil Healthcare Ltd.
6.14. Zhejiang Kanglvqing Biological Technology Co., Ltd.
1. GLOBAL EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL GELATIN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL NON-GELATIN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL EMPTY CAPSULES FOR ANTIBIOTIC & ANTIBACTERIAL DRUGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL EMPTY CAPSULES FOR VITAMIN & DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL EMPTY CAPSULES FOR ANTACIDS & ANTI-FLATULENT PREPARATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL EMPTY CAPSULES FOR ANTI-ANEMIC PREPARATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL EMPTY CAPSULES FOR CARDIAC THERAPY DRUGS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL EMPTY CAPSULES FOR COUGH & COLD PREPARATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
12. GLOBAL EMPTY CAPSULES FOR PHARMACEUTICALS MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL EMPTY CAPSULES FOR NUTRACEUTICALS MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL EMPTY CAPSULES FOR COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL EMPTY CAPSULES FOR RESEARCH LABORATORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC APPLICATION, 2021-2028 ($ MILLION)
20. NORTH AMERICAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21. EUROPEAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. EUROPEAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC APPLICATION, 2021-2028 ($ MILLION)
24. EUROPEAN EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC APPLICATION, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
29. REST OF THE WORLD EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY THERAPEUTIC APPLICATION, 2021-2028 ($ MILLION)
32. REST OF THE WORLD EMPTY CAPSULES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL EMPTY CAPSULES MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
2. GLOBAL GELATIN EMPTY CAPSULES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL NON-GELATIN EMPTY CAPSULES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL EMPTY CAPSULES MARKET SHARE BY THERAPEUTIC APPLICATION, 2021 VS 2028 (%)
5. GLOBAL EMPTY CAPSULES FOR ANTIBIOTIC & ANTIBACTERIAL DRUGS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL EMPTY CAPSULES FOR VITAMIN & DIETARY SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL EMPTY CAPSULES FOR ANTACIDS & ANTI-FLATULENT PREPARATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL EMPTY CAPSULES FOR ANTI-ANEMIC PREPARATIONS PREPARATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL EMPTY CAPSULES FOR ANTI-INFLAMMATORY & ANTI-RHEUMATIC DRUGS PREPARATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL EMPTY CAPSULES FOR CARDIAC THERAPY DRUGS PREPARATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL EMPTY CAPSULES FOR COUGH & COLD PREPARATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL EMPTY CAPSULES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
13. GLOBAL EMPTY CAPSULES FOR PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL EMPTY CAPSULES FOR NUTRACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL EMPTY CAPSULES FOR COSMETICS INDUSTRIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL EMPTY CAPSULES FOR RESEARCH LABORATORIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL EMPTY CAPSULES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
20. UK EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD EMPTY CAPSULES MARKET SIZE, 2021-2028 ($ MILLION)
