Empty Capsules Market by Type (Gelatin Capsules and Non-Gelatin Capsules), Application (Antibiotic & Antibacterial Drugs, Dietary Supplements, Antacid & Antiflatulent Preparations, Antianemic Preparations, Anti-Inflammatory Drugs, Cardiovascular Therapy Drugs, and Other Applications), and End User (Pharmaceutical Industry, Nutraceutical Industry, Cosmetics Industry, and Research Laboratories): Global Market Size Estimates and Forecast (2022-2030)
The market is expected to cross the US$ 2.60 billion mark in 2022 and is expected to hit US$ 4.54 billion by 2030, recording a CAGR of 7.2% during the forecast period.
The empty capsules market has been significantly growing with the high growth of the cardiovascular therapy drugs segment.
Globally, Cardiovascular diseases (CVD) are highly prevalent. For instance, as per the American Heart Association Research Report 2020, cardiovascular disease accounts for nearly 2,353 deaths daily in the United States, an average of 1 death every 37 seconds. In addition, About 7.6 million people in the UK live with heart diseases, according to the British Heart Foundation Centre 2021. The high incidence of cardiovascular diseases increases the demand for cardiovascular therapy drugs, thus driving the market's growth.
The report segments the market into product, application, and geography. Based on type, the market is bifurcated into gelatin capsules and non-gelatin capsules. Based on application, the market is categorized into antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, antianemic preparations, anti-inflammatory drugs, cardiovascular therapy drugs, and other applications. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The rising geriatric population will empower the growth of the market.
The increasing geriatric population and the rising burden of chronic diseases are factors for the market's growth. For instance, the number of Americans aged 65 years and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, according to the Population Reference Bureau's Population Bulletin-Aging in the United States. Also, as per the CRN Consumer Survey on Dietary Supplements, 2019 report, 77% of Americans reported consuming dietary supplements. Also, the survey revealed that vitamins and minerals were the most common supplements consumed by the American population in 2019, accounting for 76% of total dietary supplement consumption, followed by specialty supplements (40%), herbals and botanicals (39%), sports nutrition supplements (28%), and weight management supplements (17 %) in 2019.
Increasing nutraceutical consumption is also one of the major factors accelerating market growth.
The demand for nutraceuticals has increased due to the growing prevalence of non-communicable diseases such as heart disease, cancer, diabetes, and lung disorders. Sedentary lifestyle habits have led to substantial demand for nutraceuticals to adjust proper nutrient intake, subsequently driving demand for empty supplement capsules and empty vitamin capsules. Moreover, rising awareness regarding vegan capsules and the advanced technology of tablet filling machines will propel the growth of the empty capsules market.
Recent strategic developments in the empty capsules market
The empty capsules market has undergone several significant developments, and a few of these have been mentioned below:
- In 2021, Nutra’V TiO2 launched a new range of TiO2-free capsules. Available in gelatin and HPMC, this range of tablets offers the best encapsulation solution for ingredient masking.
Several players drive the empty capsules market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Capsugel; ACG Worldwide; Qualicap; Suheung Co. Ltd.; CapsCanada Corporation; Qingdao Yiqing Medicinal Capsules Co., Ltd.; Shanxi Guangsheng Medicinal Capsules Co., Ltd.; Healthcaps India Ltd.; NecLife; and Roxlor are among the prominent players operating in the market.
The target audience for the report:
- Raw material providers
- Related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- End users
- Research institutes, organizations, and consulting companies
In this report, the market has been segmented based on:
- Type:
- Gelatin Capsules
- Non-Gelatin Capsules
- Application
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Antianemic Preparations
- Anti-Inflammatory Drugs
- Cardiovascular Therapy Drugs
- Other Applications
- End-user:
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
- Research Laboratories
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Capsugel
- ACG Worldwide
- Qualicap
- Suheung Co. Ltd.
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd.
- Healthcaps India Ltd.
- NecLife
- Roxlor
The List of Companies
- Capsugel
- ACG Worldwide
- Qualicap
- Suheung Co. Ltd.
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd.
- Healthcaps India Ltd.
- NecLife
- Roxlor