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Report
Empty Capsules Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 148 Pages I IMARC Group
The global empty capsules market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
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.
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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:
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:
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.
Key Questions Answered in This Report
1. What was the size of the global empty capsules market in 2022?
2. What is the expected growth rate of the global empty capsules market during 2023-2028?
3. What are the key factors driving the global empty capsules market?
4. What has been the impact of COVID-19 on the global empty capsules market?
5. What is the breakup of the global empty capsules market based on the type?
6. What is the breakup of the global empty capsules market based on the raw material?
7. What is the breakup of the global empty capsules market based on the functionality?
8. What is the breakup of the global empty capsules market based on the end user?
9. What are the key regions in the global empty capsules market?
10. Who are the key players/companies in the global empty capsules market?
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
Figure 1: Global: Empty Capsules Market: Major Drivers and Challenges
Figure 2: Global: Empty Capsules Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Empty Capsules Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Empty Capsules Market: Breakup by Type (in %), 2022
Figure 5: Global: Empty Capsules Market: Breakup by Raw Material (in %), 2022
Figure 6: Global: Empty Capsules Market: Breakup by Functionality (in %), 2022
Figure 7: Global: Empty Capsules Market: Breakup by Therapeutic Application (in %), 2022
Figure 8: Global: Empty Capsules Market: Breakup by End User (in %), 2022
Figure 9: Global: Empty Capsules Market: Breakup by Region (in %), 2022
Figure 10: Global: Empty Capsules (Gelatin Capsule) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Empty Capsules (Gelatin Capsule) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Empty Capsules (Non-gelatin Capsule) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Empty Capsules (Non-gelatin Capsule) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Empty Capsules (Pig Meat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Empty Capsules (Pig Meat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Empty Capsules (Bovine Meat) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Empty Capsules (Bovine Meat) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Empty Capsules (Bone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Empty Capsules (Bone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Empty Capsules (Hydroxypropyl Methylcellulose-HPMC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Empty Capsules (Hydroxypropyl Methylcellulose-HPMC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Empty Capsules (Other Raw Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Empty Capsules (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Empty Capsules (Immediate-release Capsules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Empty Capsules (Immediate-release Capsules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Empty Capsules (Sustained-release Capsules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Empty Capsules (Sustained-release Capsules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Empty Capsules (Delayed-release Capsules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Empty Capsules (Delayed-release Capsules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Empty Capsules (Antibiotic and Antibacterial Drugs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Empty Capsules (Antibiotic and Antibacterial Drugs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Empty Capsules (Vitamins and Dietary Supplements) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Empty Capsules (Vitamins and Dietary Supplements) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Empty Capsules (Antacid and Antiflatulent Preparations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Empty Capsules (Antacid and Antiflatulent Preparations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Empty Capsules (Cardiovascular Therapy Drugs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Empty Capsules (Cardiovascular Therapy Drugs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Empty Capsules (Other Therapeutic Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Empty Capsules (Other Therapeutic Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Empty Capsules (Pharmaceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Empty Capsules (Pharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Empty Capsules (Nutraceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Empty Capsules (Nutraceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Empty Capsules (Cosmetics Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Empty Capsules (Cosmetics Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Empty Capsules (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Empty Capsules (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: North America: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: North America: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United States: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United States: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Canada: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Canada: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Asia-Pacific: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Asia-Pacific: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: China: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: China: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Japan: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Japan: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: India: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: India: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: South Korea: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: South Korea: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Australia: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Australia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Indonesia: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Indonesia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Europe: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Europe: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Germany: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Germany: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: France: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: France: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: United Kingdom: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: United Kingdom: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Italy: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Italy: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Spain: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Spain: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Russia: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Russia: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Latin America: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Latin America: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Brazil: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Brazil: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Mexico: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Mexico: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Others: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Others: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Middle East and Africa: Empty Capsules Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Middle East and Africa: Empty Capsules Market: Breakup by Country (in %), 2022
Figure 96: Middle East and Africa: Empty Capsules Market Forecast: Sales Value (in Million US$), 2023-2028
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
Table 1: Global: Empty Capsules Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Empty Capsules Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Empty Capsules Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 4: Global: Empty Capsules Market Forecast: Breakup by Functionality (in Million US$), 2023-2028
Table 5: Global: Empty Capsules Market Forecast: Breakup by Therapeutic Application (in Million US$), 2023-2028
Table 6: Global: Empty Capsules Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 7: Global: Empty Capsules Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Empty Capsules Market: Competitive Structure
Table 9: Global: Empty Capsules Market: Key Players
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