Global Empty Capsules Market - Drivers, Restraints and Complete Market Overview 2022
The latest market research report on the worldwide empty capsules market by DecisionDatabases.com provides market insights, facts, historical data, and future projections of the industry. This report provides information in terms of revenue for the period 2014 to 2021.
Empty capsules are used to make herbal supplements and vitamins with the help of capsule machines. Rising geriatric population coupled with increasing applications in the pharmaceutical industry are the major market drivers for the growth of the global empty capsules market. Moreover the growing nutraceuticals industries and the rising consumer preference for capsule-based formulations is expected to boost the market demand in the near future.
Empty capsules are more cost-effective than purchasing the complete product. Also the empty capsule formulations are relatively simple to make homemade supplements. However, rising cost of raw materials, stringent regulatory policies for gelatin manufacturers and cultural resistance in the form of vegan and vegetarian diet are major restraints, which may hinder market growth over the forecast period. The report expected the increasing prices for gelatin capsules, growing demand for soft capsule formulations and high need for capital investment from new entrants as some other factors, which can restrict the market growth in the near future.
The global empty capsules market has been segmented by products into gelatin capsule and non-gelatin capsules. Gelatin capsules include pig meat gelatin, bone meal, bovine derived and others. On the other hand, non-gelatin capsule segment includes hydroxyl propyl methyl cellulose (HPMC), pullulan and other starch material. Gelatin capsule segment is the leading segment and is expected to grow at a significant rate over the forecast period owing to growing applications of gelatin-based formulations for various drug delivery systems. The non-gelatin capsules segment is anticipated to grow at a significant rate over the coming years on account of growing consumer dietary sensitivity and supportive regulations regarding the usage of non-gelatin based formulations.
Furthermore, the global empty capsules market has been segmented on the basis of therapeutic application into antibacterial & antibiotic drugs, ant flatulent & antacid preparations, dietary & vitamins supplements, anti-inflammatory drugs, antianemic preparations, cough & cold preparations, cardiovascular therapy drugs and other related applications. Antibiotic & antibacterial drugs application segment is the leading segment and is expected to grow significantly over the forecast period owing to a growing demand from drug manufacturers. Again, the empty capsules market is segmented by end-user into nutraceuticals industry, research laboratories, pharmaceutical industry and cosmetic industry. Pharmaceutical industry is the major end-user segment and is anticipated to show the fastest growth in the near future owing to growing healthcare industry and increasing foreign investment across the globe.
Geographically, the global empty capsules market is divided into five regions including North America, Latin America, Asia Pacific, Europe and MEA. The Asia Pacific market is projected to witness the highest growth in the near future owing to growing pharmaceutical industry coupled with favorable government regulations regarding healthcare facilities and awareness in the region.
Major global players for empty capsules include Capsugel, Sunil Healthcare Limited, Snail Pharma Industry Co., Qualicaps, Roxlor LLC, Medi-Caps Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Suheung Co Ltd. and Acg Worldwide. Overall, fast growth of empty capsules market is mainly attributed to the rising demand for HPMC capsules in the pharmaceutical industry, growing healthcare industry, high purchasing power and growing health awareness.
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