Empty Gelatin Capsule Market
Global Empty Gelatin Capsule Market Size, Share and Trends Analysis Report, By Type (Soft Gelatin Capsules and Hard Gelatin Capsules), By End-User (Pharmaceutical Industry, Food Industry, Nutraceutical Industry, and Cosmetics Industry), Forecast (2022-2028)
The global empty gelatin capsule market is anticipated to grow at a significant CAGR of around 8.1% during the forecast period (2022-2028). The capsule is defined as a solid pharmaceutical dosage form, in which drugs or a combination of drugs are enclosed in a shell. Gelatin is an animal protein that is made by boiling the collagenous material from animal bones, hides, and skins. Gelatin has many applications in the pharmaceutical industry. Empty capsules are of two types, gelatin-based and non-gelatin-based. It is used to make hard and soft gelatin capsules among several other uses such as tablets, emulsions, suppositories, and syrups. However, increasing gelatin prices, lower availability of raw materials, ethical concerns regarding consumption of animal-derived inactive materials, and stringent regulatory standards in the pharmaceutical industry limit the growth of the empty capsules market. For instance, Lonza Group Ltd., a pioneer manufacturer in the empty capsules market, introduced its patented and naturally unique Capsugel Plantcaps capsules along with other plant-based formulations featuring natural colors, natural ingredients, natural polymers, and other finished natural products at the Natural Products Expo West-2020.
Impact of COVID-19 on Global Empty Gelatin Capsule Market
The covid-19 has impacted the global economy due to the worldwide lockdown. However, the pandemic is expected to positively impact the growth of the empty capsules market globally. As the development of strong immunity plays a vital role in fighting against viral infection, there has been an increasing demand for immunity boosters, proper dietary and lifestyle behaviors are essential for the prevention and treatment of respiratory viral diseases, such as COVID-19. For instance, in March 2020 Stabilitech Biopharma developed a new oral capsule for the delivery of the COVID-19 vaccine.
Segmental Outlook
The global empty gelatin capsule market is segmented based on the type and based on end-user. Based on type market is sub-segmented soft gelatin capsules and hard gelatin capsules. Based on the end-user market is sub-segmented into pharmaceutical industry, food industry, nutraceutical industry, and cosmetics industry.
Global Empty Gelatin Capsule Market by End-User, 2021 (%)
The Pharmaceutical Industry is Anticipated to Hold a Prominent Share in the Global Empty Gelatin Market
The demand for empty capsules in the pharmaceutical industry is largely driven by the increasing number of drugs launched as capsule formulations and the growing prevalence of diseases for which capsule-based formulations form the primary treatment. The nutraceutical manufacturers segment is expected to witness considerable growth during the forecast period, owing to an increase in demand for healthcare supplements, initiatives taken by governments to promote awareness about dietary supplements, and a rise in the number of soft gelatin capsules to encapsulate dietary supplements. Furthermore, the properties of gelatin are useful against environmental changes to protect the products which increases the shelf-life of products. Hence, these applications of gelatin in the pharmaceutical industry are driving the growth of the global empty gelatin capsule market.
Regional Outlooks
The global empty gelatin market is further segmented based on geography including North America (the US and Canada), Europe (Italy, Spain, Germany, France, Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Rest of Asia Pacific), and the Rest of the World (Latin America and the Middle East and Africa).
Global Empty Gelatin Capsule Market, by Region 2021-2028
The Asia-Pacific Region is Estimated to Hold the Major Share in the Global Empty Gelatin Market
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 in the market. The rising population and growing awareness over empty capsules are levelling up the market growth. Besides constant economic growth in developed countries elevates the growth in the rate of the market in the Asia-Pacific. Moreover, increase in geriatric population and rise in demand for immunity booster products is further estimated to drive the market growth.
Market Players Outlook
The major companies serving the global empty gelatin capsule market include Qualicaps Europe, CapsCanada, Dr. Reddy’s Laboratories Ltd, ACG Group, Lonza Group Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches to stay competitive in the market. For instance, in Oct 2020 Lonza Group Ltd invested $93 Million in its capsules and health nutrition division, a dosage delivery partner to the bio-pharma and health nutrition industry.
The report covers
- Market value data analysis of 2022 and forecast to 2028
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global empty gelatin capsule 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
• Impact of COVID-19 on the Global Empty Gelatin Capsule Market
1.1. Recovery Scenario of Global Empty Gelatin Capsule Market
1.2. Research Methods and Tools
1.3. Market Breakdown
1.3.1. By Segments
1.3.2. 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. Qualicaps Inc
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. CapsCanada Corp
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Dr. Reddy’s Laboratories Ltd
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. ACG Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Lonza Group Ltd
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
Global Empty Gelatin Capsule Market by Type
4.1.1. Soft Gelatin Capsules
4.1.2. Hard Gelatin Capsules
Global Empty Gelatin Capsule Market By End-User
4.1.3. Pharmaceutical Industry
4.1.4. Food Industry
4.1.5. Nutraceutical Industry
4.1.6. Cosmetics Industry
4.1.7. Others
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
5.4.1 Latin America
5.4.2 Middle East and Africa
6. Company Profiles
6.1. ACG Group
6.2. Bright Pharma Caps
6.3. Fuji Capsule Co Ltd
6.4. Medi-caps Ltd
6.5. NutraV, LLC
6.6. Qualicaps Europe
6.7. Seoheung Co Ltd
6.8. Stabilitech Biopharma
6.9. STERIS
6.10. Sunil Healthcare Ltd
1. GLOBAL EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SOFT EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HARD EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
5. GLOBAL EMPTY GELATIN CAPSULE IN PHARMACEUTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
6. GLOBAL EMPTY GELATIN CAPSULE IN FOOD INDUSTRY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
7. GLOBAL EMPTY GELATIN CAPSULE IN NUTRACEUTICAL INDUSTRY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
8. GLOBAL EMPTY GELATIN CAPSULE IN COSMETICS INDUSTRY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9. GLOBAL EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
10. NORTH AMERICAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
12. NORTH AMERICAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY APPLICATION 2021-2028 ($ MILLION)
13. EUROPEAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. EUROPEAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. EUROPEAN EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. REST OF THE WORLD EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. REST OF THE WORLD EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. REST OF THE WORLD EMPTY GELATIN CAPSULE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL EMPTY GELATIN CAPSULE MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL EMPTY GELATIN CAPSULE MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL EMPTY GELATIN CAPSULES MARKET 2021-2028 (%)
4. GLOBAL EMPTY GELATIN CAPSULE MARKET BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL EMPTY GELATIN CAPSULE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL SOFT EMPTY GELATIN CAPSULE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL HARD EMPTY GELATIN CAPSULE TABLET MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL EMPTY GELATIN CAPSULE MARKET SHARE BY END-USER, 2021 VS 2028 (%)
9. GLOBAL EMPTY GELATIN CAPSULE IN PHARMACEUTICAL INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL EMPTY GELATIN CAPSULE IN FOOD INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL EMPTY GELATIN CAPSULE IN NUTRACEUTICAL INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL EMPTY GELATIN CAPSULE IN COSMETICS INDUSTRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL EMPTY GELATIN CAPSULE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. US EMPTY GELATIN CAPSULE MARKET MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
16. UK EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD EMPTY GELATIN CAPSULE MARKET SIZE, 2021-2028 ($ MILLION)
