February 19, 2025

Empty Capsules Market Revolution: Breakthroughs in Capsule Technology

Market Overview:

Empty capsules refer to the hard outer shell that encloses pharmaceutical ingredients in tablet or powder form. Most commonly used capsules include gelatin capsules and non-gelatin capsules such as HPMC, starch and pullulan capsules. Gelatin capsules have high bioavailability and compatibility with various active pharmaceutical ingredients (APIs). They are widely used for developing sustained, delayed and extended drug release dosage forms. Growing prevalence of lifestyle diseases and chronic ailments has increased the demand for pharmaceutical products globally. Expanding generic and nutraceutical industries also offer significant opportunities for empty capsules in developing innovative forms of medicines and nutritional supplements. Empty capsules aid in enhancing effectiveness, appeal and ease of consumption of various medicinal and health formulations.

The global Empty Capsules Market is estimated to be valued at US$2.3 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Growing adoption of vegetarian capsules: Strict regulatory norms and consumers’ rising preference for non-animal and vegan products are driving demand for vegetarian capsule options like HPMC capsules. Major manufacturers are extensively researching and developing competitive non-gelatin capsule variants to leverage this lucrative opportunity.

Surging nutraceutical demands: Increasing health consciousness and growing acceptance of dietary supplements for general wellness and preventing illness has boosted the nutraceutical industry proliferation. This rapid expansion provides significant tailwinds to empty capsules consumption in functional and nutritional capsules.

New drug delivery advancements: Ongoing R&D initiatives to develop advanced drug delivery systems like sustained, controlled, targeted and triggered releasecapsules using latest formulations and coating technologies are expected to offer new applications and revenues to empty capsule manufacturers and vendors.

Porter’s Analysis

Threat of new entrants: Low economies of scale and capital requirements pose low threats of new entrants in the empty capsules market. Regulatory norms and standards also make entry difficult.

Bargaining power of buyers: Large pharmaceutical manufacturers have significant bargaining power over empty capsule suppliers due to their bulk purchasing ability. However, stringent regulatory norms limit alternatives.

Bargaining power of suppliers: Presence of numerous suppliers with surplus production capacity limits their bargaining power over buyers in the empty capsules market.

Threat of new substitutes: Low threat of substitution exists as empty capsules have well-accepted encapsulation benefits over alternative oral drug delivery formats.

Competitive rivalry: The global empty capsules market is a highly fragmented space with the presence of numerous international and local players. Intense competition exists based on product differentiation, pricing, and rapid new product launches.

Key Takeaways

The global empty capsules market size was valued at US$ 2.3 Bn in 2023 and is expected to reach US$ 4.0 Bn by 2030, expanding at a CAGR of 7.9% during the forecast period. Increasing demand for vegan-based empty capsules as well as sustainable packaging are boosting the market growth.

The Asia Pacific region dominated the global market in 2023 and is expected to witness the fastest growth over the forecast period. Presence of major generic drug manufacturers and rapidly growing nutraceutical industry in countries like China and India are driving the demand.

Key players operating in the empty capsules market are ACG Worldwide, Capsugel, Qualicaps Inc., Bright Pharma Caps Inc., Sunil Healthcare Ltd., CapsCanada Corporation, Roxlor LLC, Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Medi-Caps Ltd. Major players are focusing on new product launches, expanding manufacturing facilities and capacity to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

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