Empty Capsules Market Size, Share and Global Trend By Type (Gelatin Capsules, Non-Gelatin Capsules), By Functionality (Immediate Release, Sustained Release, Delayed Release), By Application (Antibiotics, Antacid & Anti flatulent preparations, Dietary Supplements), By End User (Pharmaceutical Industry, Nutraceutical Industry, Cosmetics Industry, Research Laboratories) and Geography Forecast till 2030

Empty capsules refer to the capsules which are devoid of any pre-existing formulation. Empty capsules are used for several applications such as in the treatment of diseases, in the formulation of dietary supplements, in common diseases such as colds & coughs and also in antacid and antiflatulent applications. Many individuals in home care settings use these as a common option to store herbs, medicines, and powders. They are also useful in the consumption of ingredients that are too strong in taste or smell.

Empty capsules are composed of materials, which include gelatin, hydroxypropyl methylcellulose (HPMC), pullulan, and starch. Empty capsules are also crucial for the concept of customized medicines, which utilizes customized medical formulations to store in empty capsules for the patient. Empty capsules can also be used in the treatment of cancers, acute & chronic diseases, and other infections by using the personalized medicine formulation technique. Benefits, safety, and the therapeutic effects offered by empty capsules are responsible for the growth of the empty capsule market during the forecast period with a higher CAGR.

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The global empty capsules market is anticipated to grow owing to several factors such as the rising demand for preventive care, increasing awareness regarding empty capsules and its applications, increased advances in technologies, and greater demand in the home care settings. These trends, which result in the greater demand for empty capsules and combined with other factors, are expected to drive the market growth positively.

However, the factors limiting the growth of the global empty capsules market are the aversion of vegetarian consumers towards animal-derived empty gelatin capsules, increasing costs of raw materials, and the stringent regulatory approval processes.

Key Players Covered

Some of the key players in the global empty capsules market are Capsugel, ACG, QUALICAPS, Suhueng Co. Ltd., CapsCanada, Qingdao Yiqing Biotechnology Co. Ltd, Shanxi Guangsheng Medicinal Capsule Co. Ltd, and Others.

SEGMENTATION

Among the segmentation of the global empty capsules market, gelatin capsules dominated and are anticipated to grow at a higher CAGR during the forecast period owing to advantages offered by these over non-gelatin capsules including thermo-reversibility, non-allergenicity, and biocompatibility.

Key Insights

• Overview of opportunity assessment in the untapped market


• Technological advancements and increasing research & development innovations


• Regulatory scenario


• Key mergers and acquisitions

Regional Analysis

Geographically, the global empty capsules market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America registered a higher share in the global market owing to major capsule manufacturers, established healthcare system, high medical expenditure, access to advanced treatment options, growing demand for superior pharmaceutical products, and generics. The Asia Pacific is the fastest emerging empty capsule market owing to increasing incidences of infectious & serious diseases, large patient pool, rising demand for advanced technologies, increasing awareness, and access to empty capsules.

Key Industry Developments

• In December 2018, Aurora Cannabis announced the market launch of softgel capsules that will help medical practitioners and consumers to facilitate more precise administration.
• In April 2018, Nitta Gelatin, NA Inc. launched DRG Gelatin, an ingredient for softgels designed specifically to inhibit cross-linkage reactions.