Global Empty Capsules Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Empty Capsule is an edible package filled with drugs mainly used for oral consumption. It refers to the encapsulation of dosage forms, in a relatively stable shell, allowing it to be consumed orally. Capsules contain encapsulate medicines and act as an alternative to tablets. Empty capsules have certain advantages over conventional dosages like tablets as because they can deliver solid, semi-solid, and non-aqueous liquid doses. Majority of the active pharmaceutical constituents such as vitamins, herbs, and drug substances are not edible and therefore capsules are used in masking the taste of the drugs. The major factors boosting the growth of the empty capsules market are the rising popularity of capsules over other drug delivery forms, and increasing strategic collaborations between capsule suppliers and gelatin producers. The market size of the global empty capsules market is anticipated to grow from USD 2.3 billion in 2020 to USD 4.6 billion by 2030, at a CAGR of 7.5% approx., during the forecast period.
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Market Dynamics and Factors:
The rising geriatric population, developments and innovations in the pharmaceutical sector, and advancements in capsule production and development technologies are the major factors boosting the growth of the empty capsules market. In addition to that, the growing awareness regarding the benefits of empty capsules over other oral dosages has led to its increased demand in home care settings which is another boosting factor. However, increasing cost of raw materials like gelatin, aversion of vegetarian consumers towards animal-derived gelatin capsules are major factors hindering the growth of the empty capsules market.
Market Segmentation:
Global Empty Capsules Market – By Product
Gelatin
Non-Gelatin Capsules
Global Empty Capsules Market – By Therapeutic Application
Vitamin & Dietary Supplements
Cold & Cough Drugs
Cardiovascular Therapy Drugs
Anti-Inflammatory Drugs
Antibiotic & Antibacterial Drugs
Antianaemic Preparations
Antacid & Antiflatulent Preparations
Others
Global Empty Capsules Market – By Raw Materials
Bone
Pig Meat
Bovine Meat
Hydroxypropyl Methylcellulose
Others
Global Empty Capsules Market – By End-Users
Pharmaceutical Industry
Nutraceutical Industry
Cosmetic Industry
Research Laboratories
Global Empty Capsules Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global empty capsules market in terms of market share during the forecast period. Growing awareness among consumers pertaining to nutraceutical products, large number of capsule manufacturers & pharmaceutical companies, developed healthcare sector are major factors attributing towards the market growth. In addition to that, changing lifestyles has increased the demand of cosmetic and dietary supplements which in turn has propelled the market growth of empty capsules in North America. Europe is the second most developed market for global empty capsules. The healthcare segment contributes to a large part of the GDP of the European nations. The Governments in the euro nations finance healthcare systems and prioritize healthcare expenses, which in turn drives the empty capsules market there. Asia Pacific region is estimated to record the highest growth rate during the forecast period. Medical tourism, rising healthcare awareness, rising disposable income and enhanced lifestyles are key factors attributing towards the market growth of empty capsules in APAC region. The Latin America and Middle East & Africa market is immature and is expected to witness sluggish growth during the forecast period.
Competitive Scenario:
The key players operating in empty capsules market are –
ACG Worldwide, Capsugel, Suheung Co, Qualicaps, Bright Pharma Caps Inc, Capscanada Corporation, Natural Capsules Limited, Nectar Lifesciences Ltd, Healthcaps India Ltd, Sunil Healthcare, Medi-Caps Ltd, Snail Pharma Industry Co.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Electrophysiology industry, although key threats, opportunities and disruptive technologies that could shape the Global Empty Capsules Market supply and demand.
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The data analysis present in the Global Empty Capsules Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Empty Capsules Market business.
The 2021 Annual Global Empty Capsules Market offers:
100+ charts exploring and analysing the Global Empty Capsules Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Empty Capsules Market type
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