Empty Capsules Market, By Product, By Functionality, By Material, By End User, By Geography

Description

Global empty capsules market is estimated to be valued at USD 3.21 Bn in 2024 and is expected to reach USD 4.91 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.21 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.30%	2031 Value Projection:	US$ 4.91 Bn

Figure. Empty Capsules Market Share (%), By Region 2024

Empty capsules refer to pharmaceutical capsules that do not contain the drug substance but only serve as a vehicle for drug delivery. These are typically made from either gelatin or vegetarian materials like Hypromellose, and are available in different sizes ranging from small 000 to large capsules. Rising prevalence of various lifestyle and chronic diseases worldwide has boosted demand for pharmaceutical products and supplements. Empty capsules provide convenience and flexibility to pharmaceutical manufacturers for developing various oral solid dosage forms like capsules, tablets, and others. Developments in vegan and vegetarian capsules manufactured from natural polymers further expands the applications of empty capsules. Advancements in capsule filling technology and increasing contract manufacturing and outsourcing trend in pharmaceutical industry can drive the empty capsules market growth during the forecast period.

Market Dynamics:

Global empty capsules market growth is driven by growing elderly population susceptible to various disorders, rising healthcare expenditure in emerging nations, and increasing demand for dietary supplements and nutraceuticals. However, availability of alternative drug delivery solutions and high manufacturing costs associated with empty capsules production can hamper the market growth. Developments in vegetarian empty capsules, increasing outsourcing of pharmaceutical tasks to contract service organizations, and advancements in pharmaceutical processing equipment can offer lucrative opportunities for market players. Emerging Asian markets like India and China are expected to provide attractive prospects, owing to large consumer base and improving healthcare infrastructure in these regions. Adoption of advanced capsule filling technologies like semi-automatic and automatic machines for high production capacity can offer lucrative opportunities for market growth.

Key Features of the Study:

This report provides in-depth analysis of the global empty capsules market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global empty capsules market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Capsugel, Suheung Co Ltd., Qualicaps, ACG Worldwide, Mitsubishi Chemical Holdings, Roxlor LLC, Sunil Healthcare Limited, Patheon, and Lonza.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global empty capsules market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global empty capsules market.

Detailed Segmentation-

By Product
- Gelatin Capsules
- Non-gelatin Capsules
By Functionality
- Immediate-release Capsules
- Delayed-release Capsules
- Sustained-release Capsules
By Material
- Pig Meat Gelatin Capsules
- Bovine Gelatin Capsules
- Plant-based Capsules
- Starch-based Capsules
- Pullulan Capsules
- Others
By End User
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- Clinical Research Organizations (CRO'S)
- Others
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- ACG Worldwide
- Capsugel
- Qualicaps Inc.
- Bright Pharma Caps Inc.
- Sunil Healthcare Ltd.
- CapsCanada Corporation
- Roxlor LLC
- Snail Pharma Industry Co. Ltd.
- Suheung Co. Ltd.
- Medi-Caps Ltd.
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd.
- Nectar Lifesciences Ltd.
- Kerry Inc.
- JC Biological Technology Co. Ltd.

Product Code: CMI1328

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Functionality
- Market Snapshot, By Material
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Empty Capsules Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Empty Capsules Market, By Product, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Gelatin Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Non-gelatin Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Empty Capsules Market, By Functionality 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Immediate-release Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Delayed-release Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Sustained-release Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Empty Capsules Market, By Material, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pig Meat Gelatin Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Bovine Gelatin Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Plant-based Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Starch-based Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pullulan Capsules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Empty Capsules Market, By End User, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pharmaceutical Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Cosmetic & Nutraceutical Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Clinical Research Organizations (CRO'S)
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

9. Global Empty Capsules Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Functionality, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - North Africa
  - Central Africa
  - South Africa

10. Competitive Landscape

Company Profiles
- ACG Worldwide
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Capsugel
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Qualicaps Inc.
- Bright Pharma Caps Inc.
- Sunil Healthcare Ltd.
- CapsCanada Corporation
- Roxlor LLC
- Snail Pharma Industry Co. Ltd.
- Suheung Co. Ltd.
- Medi-Caps Ltd.
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd.
- Nectar Lifesciences Ltd.
- Kerry Inc.
- JC Biological Technology Co. Ltd.

11. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section

References
Research Methodology
About Us and Sales Contact