The global Empty Capsule Market is projected to be worth USD 2,956.6 million in 2024. The sales of empty capsules are expected to expand at an 8% CAGR from 2024 to 2034, reaching USD 6,378.6 million by 2034.
The rising frequency of chronic diseases and the spike in demand for dietary supplements are important factors compelling the empty capsule industry. Empty capsules are a quick and easy way to consume drugs. They are less prone to induce negative effects compared to other dose forms. These reasons are contributing to the increased demand for empty capsules.
Emerging Patterns in the Empty Capsule Sales
Attributes | Details |
---|---|
Market Value for 2024 | USD 2,956.6 million |
Market Size for 2034 | USD 6,378.6 million |
Market CAGR from 2024 to 2034 | 8.0% |
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Consumer preferences for capsule dose forms are increasing due to convenience, ease of ingesting, and enhanced taste masking. Capsules are a convenient and edible alternative to standard dose forms such as tablets or powders. The gelatin or vegetarian shells used in empty capsules conceal the taste of substances, making them more appealing to customers.
Consumer preferences are shifting toward capsules as a preferred dose form in various businesses, escalating the sales of empty capsules. This trend emphasizes the value of empty capsules as a versatile and adaptable solution that meets changing consumer expectations for smooth and enjoyable healthcare experiences.
This section emphasizes providing an in-depth analysis of specific industrial regions. The analysis revolves around four crucial factors: gelatin-based capsules, type-B gelatin capsules, size "0" empty capsules, and oral administration alternatives.
With a predicted market share of 59.0% in 2024, the gelatin (hard) based capsules are projected to be the undeniable winner. This supremacy makes sense in light of the following:
Leading Segment | Gelatin (Hard) Based Capsules |
---|---|
Segment Share | 59.0% |
With a 28.2% share predicted for 2024, the type-B gelatin segment is set to dominate the empty pill market. Several factors about the preference:
Leading Segment | Type-B Gelatin |
---|---|
Segment Share | 28.2% |
With a predicted market share of 20.4% in 2024, the size "0" capsules are projected to be the undeniable winner. This supremacy makes sense in light of the following:
Leading Segment | Size "0" Capsules |
---|---|
Segment Share | 20.4% |
With a 90.3% market share predicted for 2024, the oral administration segment is set to dominate the empty pill industry. Several factors about the preference:
Leading Segment | Oral Administration |
---|---|
Segment Share | 90.3% |
This section explores markets in many key economies, including the United States, Canada, Japan, Germany, and Italy. It also examines the various factors influencing empty capsule demand, adoption, and sales in these nations. A detailed investigation shows North America offers significant growth opportunities due to its robust empty capsule manufacturers.
The United States empty pill market is anticipated to display a strong CAGR of 8.8% through 2034. This is explained by:
Nation | United States |
---|---|
CAGR | 8.8% |
The empty pill market in Germany is expected to evolve at an 8.4% CAGR through 2034. This is outlined below:
Nation | Germany |
---|---|
CAGR | 8.4% |
Japan empty capsule market is expected to develop at a robust CAGR of 7.8% through 2034 due to the increasing demand for nutraceuticals. This expansion is driven by:
Country | Japan |
---|---|
CAGR | 7.8% |
The Canada empty pill market is expected to develop at a 6.2% CAGR through 2034. This expansion is sustained by:
Nation | Canada |
---|---|
CAGR | 6.2% |
The Italy empty pill market is expected to expand at a low 3.2% CAGR through 2034. This is described as follows:
Nation | Italy |
---|---|
CAGR | 3.2% |
In the competitive landscape of the empty capsule market, numerous important competitors have established themselves as significant contributors to the industry's growth and evolution. The empty capsule producers have shown dedication to innovation, dependability, and a wide range of competencies, altering market dynamics.
Empty capsule manufacturers such as ABC Capsules, Capsugel, and ACG Worldwide are at the forefront of innovation and have established themselves as dependable empty capsule suppliers. Prominent vendors such as Qualicaps and Suheung Co. Ltd. share their capabilities and demonstrate various offerings. CapsCanada Corporation, Shanxi Guangsheng Medicinal Capsule Co. Ltd., and Bright Pharma Caps Inc. are notable participants, each making a unique contribution to the empty pill market.
HealthCaps India Limited and Sunil Healthcare Limited enhance the competitive landscape by providing innovative solutions and insights. As these key competitors negotiate the shifting empty capsule demand, the path is set for ongoing advancements and competition, undoubtedly encouraging innovation and success in the sector.
Notable Innovations and Developments
Company | Details |
---|---|
CapsCanada Corporation | CapsCanada Corporation received a substantial boost in November 2023 with a USD 5 million investment from FedDev Ontario. This investment is likely to expand operations and fulfill increased demand for its made-in-Canada hard empty capsules. |
Bright Pharma Caps Inc. | Bright Pharma Caps Inc. launched the world's first certified organic capsules, Bright-Poly, in August 2023. The capsules are manufactured of USDA-certified organic pullulan, which is NOP-approved and can be utilized in vegetarian, kosher, and halal products. |
Vivion | Vivion, a leading ingredient solutions company, has introduced a new line of empty gelatin, HPMC, and pullulan capsules. |
CapsCanada | CapsCanada, a Lyfe Group firm, announced in March 2021 the capsule manufacturing service for the new liquid-filled hard capsules. |
Lonza Group Ltd. | Lonza Group Ltd. announced in October 2020 to invest USD 93.0 million in its Capsules and Health Ingredients (CHI) Division, which allows the company to create 30 billion pills annually. |
The demand for empty capsules to secure a valuation of USD 2,956.6 million in 2024.
The sales of empty capsules are estimated to attain USD 6,378.6 million by 2034.
Through 2034, the empty capsule industry is anticipated to expand at an 8.0% CAGR.
From 2019 to 2023, the sales of empty capsules recorded a 6.0% CAGR.
The gelatin-based capsules sector is set to achieve a share of 59.0%.
A 28.2% market share is expected for the type-B sector.
The size 0 capsules sector is set to achieve a share of 20.4%.
A 90.3% share is expected for the oral administration sector.
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