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Global Empty Capsules Market Size (2024 - 2029)

The empty capsules market is anticipated to experience significant growth, driven by increasing demand for immunity-boosting nutraceuticals and the rising popularity of capsules as a drug delivery form. The market's expansion is further supported by strategic collaborations between suppliers and manufacturers, as well as advancements in capsule delivery technologies. Additionally, the growing geriatric population contributes to the demand for therapy drugs and dietary supplements. However, challenges such as ethical concerns, price fluctuations in gelatin materials, and stringent pharmaceutical regulations may impede the market's growth trajectory.

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Market Size of Global Empty Capsules Industry

Empty Capsule Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 7.40 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Empty Capsule Market Major Players

*Disclaimer: Major Players sorted in no particular order

Empty Capsules Market Analysis

The empty capsules market is expected to record a CAGR of 7.4% over the forecast period.

The COVID-19 pandemic is expected to positively impact the market's growth. As the development of strong immunity plays a vital role in fighting against viral infection, there has been an increasing demand for immunity boosters in the form of natural herbs and nutraceuticals. Apart from the basic hygienic practices, proper dietary and lifestyle behaviors are essential for preventing and treating respiratory viral diseases, such as COVID-19. As per the research article published in 2020, every COVID-19 patient should be screened for malnutrition on admission and assessed for serum vitamin D levels. Additionally, in March 2020, Stabilitech BioPharma Ltd developed a new oral capsule to deliver the COVID-19 vaccine. Thus, the COVID-19 pandemic is boosting the demand for nutraceuticals, which is expected to help the market to grow.

The key factors that boost the market's growth include a rise in the popularity of capsules over other drug delivery forms and an increase in strategic collaborations between empty capsule suppliers and gelatin manufacturers. Also, the growing geriatric population worldwide increases the demand for various therapy drugs and dietary supplements for better health outcomes. According to the United Nations, World Ageing Population: the 2020 Revision, by 2050, approximately 1.5 billion people are likely to be over 65 years, up from 727 million in 2020. In addition, rapid advancements in capsule delivery technologies are set to supplement the market's growth. However, ethical concerns, price fluctuations regarding gelatin materials, and stringent regulations in the pharmaceutical industry are expected to hamper the market growth.

Empty Capsules Industry Segmentation

Empty capsules are stable shells that contain or encapsulate medicines, which are administered in a variety of dosage forms. Empty capsules are the most common option to store herbs, powders, and medicines. The empty capsules market is segmented by product (gelatin capsules and non-gelatin capsules), functionality (immediate-release capsules, delayed-release capsules, and sustained-release capsules), therapeutic application (antibiotic and antibacterial drugs, vitamins and dietary supplements, antacid and antiflatulent preparations, cardiovascular therapy drugs, and other therapeutic applications), end user (pharmaceutical industry, nutraceutical industry, cosmetics industry, and research laboratories), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Product
Gelatin Capsules
Non-gelatin Capsules
By Functionality
Immediate-release Capsules
Delayed-release Capsules
Sustained-release Capsules
By Therapeutic Application
Antibiotic and Antibacterial Drugs
Vitamins and Dietary Supplements
Antacid and Antiflatulent Preparations
Cardiovascular Therapy Drugs
Other Therapeutic Applications
By End User
Pharmaceutical Industry
Nutraceutical Industry
Cosmetics Industry
Research Laboratories
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Empty Capsules Market Size Summary

The empty capsules market is poised for significant growth, driven by several key factors. The increasing preference for capsules over other drug delivery forms, coupled with strategic collaborations between empty capsule suppliers and gelatin manufacturers, is propelling the market forward. The growing geriatric population worldwide is also contributing to the demand for therapy drugs and dietary supplements, further boosting market expansion. Additionally, rapid advancements in capsule delivery technologies are expected to supplement market growth. However, challenges such as ethical concerns, price fluctuations in gelatin materials, and stringent pharmaceutical regulations may pose obstacles to market development. The COVID-19 pandemic has positively impacted the market by increasing the demand for nutraceuticals and immunity boosters, as well as driving innovations like oral vaccine delivery systems.

Regionally, North America holds a significant share of the empty capsules market due to the rising preference for capsule-based nutraceutical formulations and the growing burden of chronic diseases among the aging population. The region's developed healthcare system fosters research and development, attracting global players and further driving market growth. Despite supply chain challenges during the pandemic, the presence of major market players and strategic alliances continue to support the market's expansion. Globally, the market is highly consolidated, with key players like ACG Worldwide, Medi-Caps Ltd, and Lonza Group dominating the landscape. These companies are actively involved in strategic alliances and product launches to maintain their competitive edge, while emerging players in the Asia-Pacific region are gaining traction due to increased awareness and demand for empty capsules.

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Global Empty Capsules Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Pharmaceutical Applications

      2. 1.2.2 Technological Advancements in Empty Capsules

      3. 1.2.3 Growing Geriatric Population

    3. 1.3 Market Restraints

      1. 1.3.1 Rising Gelatin Prices and Lower Availability of Raw Materials

      2. 1.3.2 Cultural Practices and Dietary Restrictions

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Gelatin Capsules

      2. 2.1.2 Non-gelatin Capsules

    2. 2.2 By Functionality

      1. 2.2.1 Immediate-release Capsules

      2. 2.2.2 Delayed-release Capsules

      3. 2.2.3 Sustained-release Capsules

    3. 2.3 By Therapeutic Application

      1. 2.3.1 Antibiotic and Antibacterial Drugs

      2. 2.3.2 Vitamins and Dietary Supplements

      3. 2.3.3 Antacid and Antiflatulent Preparations

      4. 2.3.4 Cardiovascular Therapy Drugs

      5. 2.3.5 Other Therapeutic Applications

    4. 2.4 By End User

      1. 2.4.1 Pharmaceutical Industry

      2. 2.4.2 Nutraceutical Industry

      3. 2.4.3 Cosmetics Industry

      4. 2.4.4 Research Laboratories

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Italy

        5. 2.5.2.5 Spain

        6. 2.5.2.6 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 Japan

        3. 2.5.3.3 India

        4. 2.5.3.4 Australia

        5. 2.5.3.5 South Korea

        6. 2.5.3.6 Rest of Asia-Pacific

      4. 2.5.4 Middle-East and Africa

        1. 2.5.4.1 GCC

        2. 2.5.4.2 South Africa

        3. 2.5.4.3 Rest of Middle-East and Africa

      5. 2.5.5 South America

        1. 2.5.5.1 Brazil

        2. 2.5.5.2 Argentina

        3. 2.5.5.3 Rest of South America

Global Empty Capsules Market Size FAQs

The Global Empty Capsules Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)

ACG Worldwide, Capscanada Corporation, Medi-Caps Ltd, Bright Pharma Caps Inc and Lonza Group(Capsugel) are the major companies operating in the Global Empty Capsules Market.

Empty Capsule Market Report Snapshots

Empty Capsules Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)