Empty Capsules Market to Hit Nearly US$ 4 Bn in 2030
Capsules are among the most prevalent medium of dosage for oral administration of drugs. Drug delivery via capsules, over the past few years, has undergone step-change improvements, considering product innovation, to ensure high-quality prognosis and patient convenience. Novel capsule sealing approaches, advancements in capsule shells, and innovations in fill material are creating a conducive ground for manufacturers in the empty capsules market space. As per FMI, global consumption of empty capsules will reach a valuation of around US$ 4 Bn in by 2030.
Empty Capsules Market: Key Insights
- The global empty capsules market will cross US$ 2 Bn in 2022.
- Growth engine is primarily driven by rise in the cases of chronic disorders and increasing spending on advanced healthcare infrastructure.
- Empty hard gelatine capsules market to soar; vegetarian-based capsules to witness rapid demand growth.
- Empty capsule manufacturers continue using type-B gelatin (animal bones & calf skin) as a raw material for developing empty capsules.
- Pharmaceutical companies would be primary consumers of empty capsules; cosmetic & nutraceutical companies to offer investment opportunities.
- North America continues to define stakeholders’ bottom lines; Asia Pacific excluding Japan (APEJ) to reflect lucrative prospects.
KEY FACTORS SHAPING EMPTY CAPSULES MARKET
Rising Approval Rates for Personalized Medicine and Nutrition
Upsurge in FDA approvals for personalized medicines and nutrition for the treatment of rare and chronic diseases is promoting the production expansion of empty capsules. Personalized medicines help in the treatment of patients by facilitating the right drug with the right dosage. These medicines have recently been gaining more traction in the market, owing to their suitability in patients across all stages of care, diagnosis, treatment, and prevention. This is expected to create fertile ground for companies, thus leading to expansion in the production capacities of players in the empty capsules market over the forecast period.
Increasing Demand for Gelatin Alternative Capsules
Gelatin capsules (made of skin and bones of bovine, porcine, and fish) continue to be the primary products used by pharmaceutical and nutraceutical industries, while emerging alternatives to gelatin capsules are gaining traction. In addition, rising complications and drug interactions associated with gelatin capsules are key factors paving the way for gelatin alternatives in pharmaceutical and nutraceutical industries.
For example: hydroxypropyl methylcellulose (HPMC) capsules are established alternatives to gelatin capsules, and are gaining popularity in pharmaceutical and nutraceutical industries, as they eliminate the issue of cross-linking. Other vegetarian capsules such as pullalan capsules are also gaining prominence, given certain properties such as smooth nature and easy acceptance by consumers.
End users are still looking for a variety in vegetarian capsules to attract customers, especially vegetarians.
Impact of COVID 19 Pandemic on Empty Capsules Market
The world is fighting a health as well as economic downturn, as the coronavirus (COVID-19) pandemic casts its long shadow over the global economy. Complete lockdowns in several countries have - directly or indirectly – put a strain on myriads of industries, triggering a shift in activities such as vendor operations, supply chain management, and product commercialization. As the number of confirmed cases of COVIED-19 continues to rise exponentially, the pandemic is likely to hit the profit margins of empty capsule manufacturers.
Empty Capsules Market: Structure Analysis
- The global empty capsules market is consolidated, with leading players accounting for around 70% market share.
- Leading manufacturers are focusing on business expansions through mergers, joint ventures, distribution agreements, and capturing the untapped potential of the market.
- Players are increasing the production of non-animal or vegetarian empty capsules to keep pace with changing consumer behavior.
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Report Metrics |
Details |
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Base Year |
2019 |
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Historical Period |
2015-2019 |
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Forecast Period |
2020-2030 |
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Market Value in 2019 |
US$ 1.7 Bn |
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Segments Covered |
Product Type, Raw Material, Capsule Size, Route of Administration, End User, and Region |
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Regions Covered |
North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan, and the Middle East & Africa |
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Key Companies |
Sunil Healthcare Ltd., Capsugel, Qualicaps Inc., Medi-Caps Ltd., ACG Worldwide, Roxlor LLC, Snail Pharma Industry Co. Ltd., CapsCanada Corporation, Suheung Co., Ltd., and Bright Pharma Caps Inc.. |
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Growth Drivers |
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Gelatin (Hard)-based Capsules to Lead Despite Emergence of Vegetarian Variants
Gelatin has been the material of choice for developing hard shell capsules that efficiently hold specialty active pharmaceutical ingredients (APIs). However, gelatin (hard)-based empty capsules are associated with side effects such as allergies, difficulty in ingestion (for kidney patients), and drug compatibility issues. As gelatin is derived from the collagen of animals, these empty capsules are receiving backlash from animal activists. As such, empty capsule manufacturers are driving their attention towards producing vegetarian-based capsules, which offer benefits such as low moisture content, excellent stability, and low hygroscopicity, over gelatin-based variants. Despite vegetarian-based empty capsules rapidly gaining momentum, market players continue to reap greater returns from the sales of gelatin (hard)-based empty capsules.
Empty Capsules Market Regional Analysis
The North America empty capsules market is primarily fueled by a strong foothold of leading capsule manufacturers, coupled with well-established pharmaceutical giants with large-scale production capabilities. Further, these industry incumbents are laying greater emphasis on superior pharmaceutical drugs and generics. Consumers in Asia Pacific (APAC) are accenting for the need of advanced healthcare services and capsule-based medications. Moreover, the pharmaceutical industry in the region, particularly in China and India, is making swift progress. These factors are critical drivers for the APAC empty capsules market, which will witness nearly threefold revenue development over the following decade.
Liquid-fill Hard-capsule Technology to Streamline Manufacturing Process
Liquid-fill hard-capsule technology is rapidly becoming a favorable approach for developing anti-cancer drug agents, as well as high-potency drug products. This technology offers processing convenience by minimizing the risk of cross-contamination of drugs, decreases the need for complicated and cost-prohibitive engineering controls, and ensures product consistency. Availability of contract facilities with relevant specialized full-scale good manufacturing practices (GMP) plans has made liquid-fill hard-capsule technology a commercially viable approach. Such novel methods for drug dosage form fillings will provide further impetus to the empty capsules market.
Gelatin (hard)-based capsules stay in-demand
Vegetarian-based capsules to witness rapid traction
Type-B gelatin (animal bones & calf skin) stay in-demand
Hydroxy propyl methyl cellulose (HPMC) to gain momentum
High demand for empty capsules size "0"
Demand for empty capsules size "2" to soar
Pharmaceutical companies remain immediate customer
Demand from cosmetic & nutraceutical companies to ascend
How Growth will Unfold
Pharmaceutical companies hold over 60% of total empty capsules market stack, driven by at-scale development of novel therapeutic drugs. Although this end user category will lose its grip in market revenue in due course of time, empty capsule manufacturers continue to view pharmaceutical companies as their primary customers. Moving on, increasing caseloads of lifestyle-associated disorders - diabetes, obesity, and cholesterol - in tandem with evolving consumer expectations, will boost the sales of health-centric products. As such, empty capsule manufacturers are channelizing their investments toward cosmetic & nutraceutical companies.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
A recent market study published by Future Market Insights (FMI) on the global empty capsules market offers industry analysis of 2015-2019 and forecasts for 2020-2030. The study also offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the empty capsules market, growth prospects of the market are obtained with maximum precision.
Empty Capsules Market Taxonomy
The global empty capsules market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product Type
- Gelatin (Hard)-based Capsules
- Vegetarian-based Capsules
Raw Material
- Contract Type-A (Pork Skin)
- Type-B Gelatin (Animal Bones & Calf Skin)
- Fish Bone Gelatin
- Hydroxy Propyl Methyl Cellulose (HPMC)
- Starch Materials
- Pullulan
Capsule Size
- Size "000" Capsules
- Size "00" Capsules
- Size "0" Capsules
- Size "1" Capsules
- Size "2" Capsules
- Size "3" Capsules
- Size "4" Capsules
- Size "5" Capsules
Route of Administration
- Oral Administration
- Inhalation Administration
End User
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- Clinical Research Organizations (CROS)
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
What's Included
The report commences with the executive summary of the empty capsules market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ Million) estimates of the leading segments of the market.
Readers can find the detailed segmentation and the definition of the empty capsules market in this chapter, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the empty capsules market report.
The empty capsules market report provides the key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.
This section explains the global market volume analysis and forecast for the empty capsules market between the forecast periods of 2020-2030. This chapter includes a detailed analysis of the historical empty capsules market volume, along with an opportunity analysis of the future. This section also explains the global market volume analysis and forecast for the empty capsules market during the forecast period.
This chapter explains the key macroeconomic factors that are expected to influence the growth of the empty capsules market during the forecast period. Along with the macroeconomic factors, this section also highlights the impact factors, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the empty capsules market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section. Moreover, readers will understand the key trends followed by the leading manufacturers in the market.
This section explains the global market value analysis and forecast for the empty capsules market between the forecast periods of 2020-2030. This chapter includes a detailed analysis of the historical empty capsules market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030). Along with this, pricing analysis of the empty capsules market at the regional level has been provided in this section.
This chapter provides details about the empty capsules market on the basis of product type, and has been classified into gelatin (hard)-based capsules and vegetarian-based capsules. In this chapter, readers can understand the market attractiveness analysis based on product type.
This chapter provides details about the empty capsules market on the basis of raw material, and has been classified into type-A (pork skin), type-B gelatin (animal bones & calf skin), fish bone gelatin, hydroxy propyl methyl cellulose (HPMC), starch materials, and pullulan. In this chapter, readers can understand the market attractiveness analysis based on raw material.
This chapter provides details about the empty capsules market on the basis of capsule size, and has been classified into size "000" capsules, size "00" capsules, size "0" capsules, size "1" capsules, size "2" capsules, size "3" capsules, size "4" capsules, and size "5" capsules. In this chapter, readers can understand the market attractiveness analysis based on capsule size.
This chapter provides details about the empty capsules market on the basis of route of administration, and has been classified into oral administration and inhalation administration. In this chapter, readers can understand the market attractiveness analysis based on route of administration.
This chapter provides details about the empty capsules market on the basis of end user, and has been classified into contract manufacturing organizations and pharmaceutical companies. In this chapter, readers can understand the market attractiveness analysis based on end user.
This chapter explains how the empty capsules market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America, along with a country-wise assessment that includes the U.S. and Canada.
Readers can find detailed information about several factors such as the pricing analysis, which are impacting growth of the Latin America empty capsules market. This chapter also includes the growth prospects of the market in the leading Latin America countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the empty capsules market based on its end users in several countries such as Germany, the UK, France, Spain, Italy and the Rest of Europe, are included in this chapter.
Russia, and rest of Eastern Europe are among the leading countries in the Eastern Europe region, which are the prime subjects of assessment to obtain the growth prospects of the Eastern Europe empty capsules market in this chapter. Readers can find detailed information about the growth parameters of the Eastern Europe empty capsules market during the period 2020-2030.
This chapter highlights the growth of the empty capsules market in APEJ by focusing on India, China, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the market in APEJ.
In this chapter, japan are among the leading countries in the region, which are the prime subjects of assessment to obtain the growth prospects of the Japan empty capsules market.
This chapter provides information about how the empty capsules market will grow in the major countries in the MEA region such as GCC Countries, South Africa, , and the rest of MEA, during the forecast period.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the empty capsules market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Sunil Healthcare Ltd., Capsugel, Qualicaps Inc., Medi-Caps Ltd., ACG Worldwide, Roxlor LLC, Snail Pharma Industry Co. Ltd., CapsCanada Corporation, Suheung Co., Ltd., Bright Pharma Caps Inc., and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the empty capsules market report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the empty capsules market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Portfolio Managers
- Purchasing Managers
- Medical Officers
- Device Development Heads
- Strategy Advisors
- R&D Managers
- Product Manufacturers
- Distributors
- Component Suppliers / OEMs
- Purchasing Departments
- Physicians / Nursing Managers
- Industry Experts
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Product Adoption, utilization rate, substitutes
- Regulatory Landscape
- Products in Pipeline and Clinical Development
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Industry Magazines
- Factiva
- Organisation for Economic Co-operation and Development
- Emergency Care Research Institute
- Global Clinical research Organizations
- Research organisations
- Company Press Releases
- Annual Reports and Investor Presentations
- Peer-reviewed Journals
- Government Websites and Publications
- Trade Websites
- Clinical Trial Registries
- Country-specific Regulatory Authorities
- World Bank, WHO,
Primary Interview Splits
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