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Empty Capsules Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global empty capsules market reached a value of US$ 2.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.14 Billion by 2027 exhibiting a CAGR of 7.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Empty capsules refer to a stable shell encapsulating medicines that are administered in the patient’s body in various dosage forms, such as granules and pellets. They are commercially available in two varying types, gelatin and non-gelatin. The gelatin capsules (hard and soft) are a high collagen animal-based medicine manufactured from pig meat and beef and chicken connective tissues. On the other hand, the non-gelatin, or vegetarian capsule, is produced from the blend of starch and hydroxypropyl methylcellulose (HPMC). Currently, empty capsules find extensive applications in healthcare and therapeutic applications.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Empty Capsules Market Trends:

The increasing prevalence of cardiovascular and chronic diseases and the rising geriatric population are some of the key factors driving the empty capsule market growth. In line with this, the introduction of capsule-in-capsule technology to ensure gastrointestinal safety of those patients that did not receive capsule medication is another growth-inducing factor. Moreover, the rising demand for the immediate-release capsule by manufacturers for producing various medicinal products, such as antibacterial, antiacids, inhalers, dietary supplements, painkillers, and antibiotics, are contributing to the market growth. The rapid expansion in the healthcare industry and the widespread adoption of non-gelatin capsules, such as hydroxypropyl methylcellulose (HPMC) due to its moderate strength, transparency, and resistance to oil and fat properties, are propelling the market growth. Additionally, the increasing investments in the research and development (R&D) activities in the healthcare sector for introducing innovative therapeutics and pharmaceutical drugs is positively stimulating the market growth. Other factors, such as the easy access to advanced treatment options, strategic collaborations between the empty capsule suppliers and gelatin manufacturers, and the growing demand for various dietary supplements, immunity boosters, and drugs, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global empty capsules market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, raw material, functionality, therapeutic application and end user.

Breakup by Type:

  • Gelatin Capsule
  • Non-gelatin Capsule
     

Breakup by Raw Material:

  • Pig Meat
  • Bovine Meat
  • Bone
  • Hydroxypropyl Methylcellulose (HPMC)
  • Others
     

Breakup by Functionality:

 

 
 

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  • Immediate-release Capsules
  • Sustained-release Capsules
  • Delayed-release Capsules
     

Breakup by Therapeutic Application:

  • Antibiotic and Antibacterial Drugs
  • Vitamins and Dietary Supplements
  • Antacid and Antiflatulent Preparations
  • Cardiovascular Therapy Drugs
  • Others
     

Breakup by End User:

  • Pharmaceutical Industry
  • Nutraceutical Industry
  • Cosmetics Industry
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG, Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd and Sunil Healthcare Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Raw Material, Functionality, Therapeutic Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG, Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd and Sunil Healthcare Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Empty Capsules Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Gelatin Capsule
        6.1.1   Market Trends
        6.1.2   Market Forecast
    6.2    Non-gelatin Capsule
        6.2.1   Market Trends
        6.2.2   Market Forecast
7    Market Breakup by Raw Material
    7.1    Pig Meat
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Bovine Meat
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Bone
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Hydroxypropyl Methylcellulose (HPMC)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Functionality
    8.1    Immediate-release Capsules
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Sustained-release Capsules
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Delayed-release Capsules
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Therapeutic Application
    9.1    Antibiotic and Antibacterial Drugs
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Vitamins and Dietary Supplements
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Antacid and Antiflatulent Preparations
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Cardiovascular Therapy Drugs
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10    Market Breakup by End User
    10.1    Pharmaceutical Industry
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Nutraceutical Industry
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Cosmetics Industry
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Others
        10.4.1 Market Trends
        10.4.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    ACG Associated Capsules Pvt. Ltd.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Bright Pharma Caps Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    CapsCanada Corporation
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    HealthCaps India Limited
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Lonza Group AG
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Medicaps Limited
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation)
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Nectar Lifesciences Limited
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
        16.3.9    Roxlor LLC
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    Shanxi Guangsheng Medicinal Capsules Co. Ltd
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Snail Pharma Industry Co. Ltd
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    Suheung Co. Ltd
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
        16.3.13    Sunil Healthcare Limited
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio
           16.3.13.3 Financials

List of Figures

Figure 1: Global: Empty Capsules Market: Major Drivers and Challenges
Figure 2: Global: Empty Capsules Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Empty Capsules Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Empty Capsules Market: Breakup by Type (in %), 2021
Figure 5: Global: Empty Capsules Market: Breakup by Raw Material (in %), 2021
Figure 6: Global: Empty Capsules Market: Breakup by Functionality (in %), 2021
Figure 7: Global: Empty Capsules Market: Breakup by Therapeutic Application (in %), 2021
Figure 8: Global: Empty Capsules Market: Breakup by End User (in %), 2021
Figure 9: Global: Empty Capsules Market: Breakup by Region (in %), 2021
Figure 10: Global: Empty Capsules (Gelatin Capsule) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Empty Capsules (Gelatin Capsule) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Empty Capsules (Non-gelatin Capsule) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Empty Capsules (Non-gelatin Capsule) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Empty Capsules (Pig Meat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Empty Capsules (Pig Meat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Empty Capsules (Bovine Meat) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Empty Capsules (Bovine Meat) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Empty Capsules (Bone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Empty Capsules (Bone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Empty Capsules (Hydroxypropyl Methylcellulose-HPMC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Empty Capsules (Hydroxypropyl Methylcellulose-HPMC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Empty Capsules (Other Raw Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Empty Capsules (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Empty Capsules (Immediate-release Capsules) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Empty Capsules (Immediate-release Capsules) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Empty Capsules (Sustained-release Capsules) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Empty Capsules (Sustained-release Capsules) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Empty Capsules (Delayed-release Capsules) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Empty Capsules (Delayed-release Capsules) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Empty Capsules (Antibiotic and Antibacterial Drugs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Empty Capsules (Antibiotic and Antibacterial Drugs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Empty Capsules (Vitamins and Dietary Supplements) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Empty Capsules (Vitamins and Dietary Supplements) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Empty Capsules (Antacid and Antiflatulent Preparations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Empty Capsules (Antacid and Antiflatulent Preparations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Empty Capsules (Cardiovascular Therapy Drugs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Empty Capsules (Cardiovascular Therapy Drugs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Empty Capsules (Other Therapeutic Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Empty Capsules (Other Therapeutic Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Empty Capsules (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Empty Capsules (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Empty Capsules (Nutraceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Empty Capsules (Nutraceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Empty Capsules (Cosmetics Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Empty Capsules (Cosmetics Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Empty Capsules (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Empty Capsules (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia-Pacific: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia-Pacific: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Empty Capsules Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Empty Capsules Market: Breakup by Country (in %), 2021
Figure 96: Middle East and Africa: Empty Capsules Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 97: Global: Empty Capsules Industry: SWOT Analysis
Figure 98: Global: Empty Capsules Industry: Value Chain Analysis
Figure 99: Global: Empty Capsules Industry: Porter's Five Forces Analysis 

List of Tables

Table 1: Global: Empty Capsules Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Empty Capsules Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Empty Capsules Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 4: Global: Empty Capsules Market Forecast: Breakup by Functionality (in Million US$), 2022-2027
Table 5: Global: Empty Capsules Market Forecast: Breakup by Therapeutic Application (in Million US$), 2022-2027
Table 6: Global: Empty Capsules Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Empty Capsules Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Empty Capsules Market: Competitive Structure
Table 9: Global: Empty Capsules Market: Key Players

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Key Questions Answered in This Report

The global empty capsules market was valued at US$ 2.61 Billion in 2021.

We expect the global empty capsules market to exhibit a CAGR of 7.60% during 2022-2027.

The growing demand for dietary supplements, along with the widespread adoption of non-gelatin
and vegan capsules, is currently driving the global empty capsules market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing utilization of empty
capsules for encapsulating medicines and modulating the dosage to treat the patients with
coronavirus infection.

Based on the type, the global empty capsules market has been divided into gelatin capsule and non-
gelatin capsule, where gelatin capsule exhibits a clear dominance in the market.

Based on the raw material, the global empty capsules market can be categorized into pig meat,
bovine meat, bone, Hydroxypropyl Methylcellulose (HPMC), and others. Currently, pig meat holds
the majority of the total market share.

Based on the functionality, the global empty capsules market has been segmented into immediate-
release capsules, sustained-release capsules, and delayed-release capsules. Among these,
immediate-release capsules currently represent the largest market share.

Based on the end user, the global empty capsules market can be bifurcated into pharmaceutical
industry, nutraceutical industry, cosmetics industry, and others. Currently, the pharmaceutical
industry accounts for the majority of the global market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global empty capsules market include ACG Associated Capsules Pvt.
Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG,
Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar
Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma
Industry Co. Ltd, Suheung Co. Ltd, and Sunil Healthcare Limited.

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