Empty Capsules Market

Empty Capsules Market by Type ((Gelatin - Porcine, Bovine, Bone Meal), (HPMC, Pullulan)), Functionality (Sustained-release, Delayed-release), Application (Antibiotics, Vitamins, Antacids), End User (Pharma, Nutraceuticals, Cosmetics) - Forecast to 2023

Report Code: PH 2935 Oct, 2018, by marketsandmarkets.com
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[206 Pages Report] MarketsandMarkets forecasts the Empty Capsules market to grow from USD 1.95 billion in 2018 to USD 2.79 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. The major factors that are expected to be driving the empty capsules market are the growing adoption of capsule formulations among the growing geriatric population, the growth of the pharmaceutical market with the increasing R&D activities & clinical trial studies, and the advancements in capsule delivery technologies. The objective of the report is to define, describe, and forecast the empty capsules market size based on type, functionality, application, end user, and region.

Empty Capsules Market, by Region, 2023 (USD million)

By type, the non-gelatin capsules segment is expected to grow at the highest growth rate during the forecast period

Among the type of capsules segment, the non-gelatin capsules segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for non-animal-based products and the advantages offered by these capsules over gelatin-based ones, such as low hygroscopicity, physical stability, stability in different ranges of temperature & humidity, and low moisture content are driving the segment growth.

By functionality, the immediate-release capsules segment to record the highest CAGR during the forecast period

The immediate-release capsules segment is expected to witness a faster growth rate in this market, as they are widely used for the manufacture of antibiotics, antibacterials, antacids, painkillers, inhalators, cold and cough drug preparations, and dietary supplements. Also, immediate-release capsules are the most commonly prescribed capsules to treat a wide range of diseases and disorders.

By application, the dietary supplements segment to record the highest CAGR during the forecast period

The dietary supplements segment is expected to witness a faster growth rate in this market. Factors such as increased health awareness and rising affordability in emerging countries (such as India, China, and Brazil), increasing prevalence of lifestyle diseases, and increasing use of vitamin capsules due to their availability as over-the-counter (OTC) drugs are contributing to the growth of this segment.

North America to account for the largest market size during the forecast period.

North America is expected to hold the largest market size in the empty capsules market during the forecast period, followed by the European region. The highest market share of North America can be attributed to the existing presence of major capsule manufacturers with large production capacities along with the presence of a number of pharmaceutical giants with large production capacities utilizing these capsules. The growing emphasis on superior pharmaceutical products and generics has also led to the increase in demand for empty capsules. With the significant growth in pharmaceutical manufacturing in the past few years in APAC, several factors are expected to drive the impressive growth of the region. The factors include the growing pharmaceutical manufacturing capabilities and the large patient pool in the region.

Empty Capsules Market, by Region, 2023 (USD million)

Market Dynamics

Driver: Advancement in capsule delivery technologies

Traditionally, capsules were made from gelatin for manufacturing solid dosage forms for the pharmaceutical industry. Technological advancements have provided the empty capsules industry with a growing range of functionality options for capsules-based formulations used by patients. Over the years, capsule delivery has witnessed a number of technological advancements in terms of product enhancements for better quality outcomes and patient comfort. These include the improvement of capsule shells, fill material, capsule-sealing techniques, and capsule systems to achieve modified drug release and the encapsulation of different materials. Another key technology is the development of capsule-in-capsule technology to protect gastric-sensitive active ingredients. This allows for the use of minimal excipients for formulation, improvement of upper gastrointestinal safety, differentiated pharmacokinetic performance, and improved product development. For instance, Capsugel introduced the lipid multi-particulate (LMP) technology, a drug delivery platform that offers bioavailability enhancement, taste-masking, and modified release. Capsugel’s DUOCAP, a capsule-in-capsule delivery system, is ideally suited for combination or dual-release products.

Restraint: Cultural practices and dietary restrictions

Gelatin is the original and most common material used to produce capsules. However, gelatin is an animal by-product formed from collagen, obtained from the by-products of slaughtered animals including the bones, hides, and hooves of cattle, pigs, horses, fish, and poultry. Individuals with religious or dietary restrictions that forbid the consumption of animal products are not suited for traditional gelatin capsules. Therefore, capsules that contain this type of gelatin are not preferred by certain communities, owing to their cultural and religious practices. The popularity of vegetarian or vegan diets has also increased in recent years, which highlights the demand for vegetarian capsules. These capsules, being both the obvious choice for both vegetarian and vegan consumers, are also more acceptable for religious reasons as well. They are deemed suitable to be classified as both Kosher and Halal products, opening the option for a larger customer base. Liquids and various other materials such as gels are not compatible with capsules made of gelatin. These factors are affecting the growth of the gelatin-based empty capsules market.

Opportunity: Development of halal capsules

Gelatin is a key ingredient in processed foods and hard and soft capsules for prescription drugs and vitamin supplements. Globally, over 45% of gelatin is derived from pork. This is a major concern to Muslim consumers due to the porcine nature of gelatin. Only 3% of the global gelatin production is from halal or permissible ingredients, implying a clear demand for greater production of halal gelatin. Halal gelatin is produced from the bones and hides of halal slaughtered animals (cattle) and is becoming increasingly important in the pharmaceutical sectors in emerging markets of the Middle East and Asia that have a large Muslim population have a substantial growth rate. According to population forecasts by the Pew Research Center’s Forum on Religion & Public Life in 2017, the world’s Muslim population is predicted to increase by 70%, rising from 1.8 billion in 2015 to 3 billion by 2060. With the rise in the global Muslim population, the global demand for halal products (including pharmaceuticals) that meet the manufacturing standards of Islamic law is constantly increasing. Hence, a large and growing Muslim population along with the growing per capita healthcare expenditure make the Middle East and Asia, the most lucrative markets for halal products, are highlighted as an area of opportunity in this market.

Challenge: Rising prices and lower availability of raw materials in the gelatin industry

Globally, the demand for gelatin and its raw materials has witnessed a significant increase over the entire application spectrum—the pharmaceutical industry, in which the demand for capsules for pharmaceutical production has registered a vast increase, and the food processing, nutraceuticals, leather, cosmetics, dying & tanning, and paper production industries. All of these also utilize gelatin and raw materials used for its production on a large scale. The use of gelatin in the food preparations has increased six-fold in the last decade. Similar trends have been observed in the nutraceutical and cosmetic industry. On the other hand, the leather, tanning, and paper production industries use pig skin and bovine skin for the production of various commercial goods. The increase in demand has boosted the prices of these ingredients. In the last five years, the gelatin manufacturing industry has faced challenges due to the lower availability of raw materials—bovine hide and bones and pigskin. Furthermore, the outbreak of bovine and swine diseases has resulted in regulatory restrictions and guidelines on bovine and pig farmers, which has increased the cost of farming. Feed prices have also increased. The cumulative effect of these factors and the subsequent price hikes have been passed onto end users such as gelatin manufacturers and raised overall gelatin prices.

Empty Capsules Market, by Region, 2023 (USD million)

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million (USD)

Segments covered

Type, Functionality, Application, End User, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Capsugel (US), ACG Worldwide (India), Qualicaps (Japan), Suheung Co. Ltd. (Korea), CapsCanada Corporation (Canada), Qingdao Yiqing Medicinal Capsules Co., Ltd. (China), Shanxi Guangsheng Medicinal Capsules Co., Ltd (China), Healthcaps India Ltd. (India), Snail Pharma Industry Co. Ltd. (China), Roxlor (US), Sunil Healthcare Ltd. (India), Medi-Caps Ltd. (India), Nectar Lifesciences Ltd. (India), Natural Capsules Ltd. (India), and Bright Pharma Caps Inc. (US).

The research report categorizes the empty capsules to forecast the revenues and analyze the trends in each of the following sub-segments:

Empty Capsules Market, By Type

  • Gelatin Capsules
    • Pig Meat Gelatin
    • Bovine-derived Gelatin
    • Bone Meal
    • Other Gelatin Sources
  • Non-Gelatin Capsules
    • Hydroxypropyl Methylcellulose (HPMC)
    • Pullulan and Starch Material

Empty Capsules Market, By Functionality

  • Immediate-release Capsules
  • Sustained-release Capsules
  • Delayed-release Capsules

Empty Capsules Market, By Size

  • 000 Capsule Size
  • 00 Capsule Size
  • 0 Capsule Size
  • 1 Capsule Size
  • 3 Capsule Size

Empty Capsules Market, By Application

  • Antibiotic & Antibacterial Drugs
  • Dietary Supplements
  • Antacid & Antiflatulent Preparations
  • Antianemic Preparations
  • Anti-inflammatory Drugs
  • Cardiovascular Therapy Drugs
  • Cough & Cold Drug Preparations
  • Other Therapeutic Applications

Empty Capsules Market, By End User

  • Pharmaceutical Industry
  • Nutraceutical Industry
  • Cosmetic Industry
  • Research Laboratories

Empty Capsules Market, By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

 Key Market Players

Capsugel is one of crucial players in the empty capsules market, serving over 4,000 customers across 100 countries, through 13 manufacturing sites and three R&D centers. The company is largely known for its diversified product offerings for the pharmaceutical and nutraceutical industry, offering gelatin, vegetarian, filled hard, functional, inhalation, HPMC, gelatin, alternate polymer, specialized clinical, and enteric capsules. The global recognition has enabled the company to drive innovations and sustain its market position continually.

Recent Developments

  • In July 2018, Lonza's Capsule Delivery Solutions launched the Capsugel Vcaps Gen C capsule based on the carrageenan gelling-agent formulation, expanding Lonza’s Capsugel Hydroxypropyl Methyl Cellulose (HPMC) portfolio.
  • In February 2018, ACG signed a memorandum of understanding (MoU) with Applied DNA, Inc. (US) that will allow ACG to utilize Applied DNA’s proven SigNature molecular tagging and authentication technologies to develop molecularly tagged empty hard-shell capsules.
  • In February 2018, CapsCanada Corporation (Canada) invested USD 28 million in a state-of-the-art manufacturing facility for the production of hydroxypropyl methylcellulose (HPMC) capsules. With this investment, the company expanded its capsule output by 50% to meet the rising global demand for K-CAPS.
  • In October 2017, Capsugel (US) expanded its development and manufacturing capabilities at its Edinburgh facility in Scotland for specialized drug products utilizing the liquid-filled hard capsules (LFHC) technology. Furthermore, the company expanded its clinical trial capabilities at the same facility by adding new Xcelodose-based micro-dosing capabilities.
  • In July 2017, Lonza Group acquired Capsugel S.A., a world leader in the hard capsules market to accelerate its growth with the integration of both the company’s existing portfolios. This acquisition also allows Lonza to cater to larger markets in the pharmaceutical, consumer healthcare, and nutrition industries.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the empty capsules market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. -17)
    1.1 Objectives of The Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for The Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. -21 )
    2.1 Research Approach
           2.1.1 Secondary Research
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Break Down of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Data Triangulation Approach
    2.4 Market Share Estimation
    2.5 Assumptions for The Study

3 Executive Summary (Page No. -30 )

4 Premium Insights (Page No. -35 )
    4.1 Empty Capsules: Market Overview
    4.2 Empty Capsules Market: Geographic Growth Opportunities
    4.3 Regional Mix: Empty Capsules Market (2018–2023)
    4.4 Empty Capsules Market: Developed Vs. Developing Markets, 2018 Vs. 2023

5 Market Overview (Page No. -39 )
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Market Drivers
                    5.2.1.1 Growing Geriatric Population
                    5.2.1.2 Growth of The Pharmaceutical Market, Along With Increasing R&D Activities and Clinical Trials
                    5.2.1.3 Advancements In Capsule Delivery Technologies
           5.2.2 Market Restraints
                    5.2.2.1 Cultural Practices and Dietary Restrictions
           5.2.3 Market Opportunities
                    5.2.3.1 Emerging Countries
                    5.2.3.2 Development of Halal Gelatin Capsules
                    5.2.3.3 Rising Focus on Sports Nutrition
           5.2.4 Market Challenges
                    5.2.4.1 Rising Prices and Lower Availability of Raw Materials In The Gelatin Industry

6 Industry Insights (Page No. -47 )
    6.1 Introduction
    6.2 Industry Trends
           6.2.1 Rising Demand for Empty Capsules In The Nutraceutical & Cosmetic Industries
           6.2.2 Growing Demand & Adoption of Vegetarian Capsules
           6.2.3 Increasing Collaborations Among Empty Capsule Manufacturers
    6.3 Pharmaceutical Gelatin Market
    6.4 Pricing Analysis
    6.5 Regulatory Analysis

7 Empty Capsules Market, By Type (Page No. -55 )
    7.1 Introduction
    7.2 Gelatin Capsules
           7.2.1 Pig Meat Gelatin
           7.2.2 Bovine-Derived Gelatin
           7.2.3 Bone Meal
           7.2.4 Other Gelatin Sources
    7.3 Non-Gelatin Capsules
           7.3.1 Hydroxypropyl Methylcellulose (Hpmc)
           7.3.2 Pullulan & Starch Material

8 Empty Capsules Market, By Functionality (Page No. -72 )
    8.1 Introduction
    8.2 Immediate-Release Capsules
    8.3 Sustained-Release Capsules
    8.4 Delayed-Release Capsules

9 Empty Capsules Market, By Size (Page No. -79 )
    9.1 Introduction
    9.2 000 Capsule Size
    9.3 00 Capsule Size
    9.4 0 Capsule Size
    9.5 1 Capsule Size
    9.6 3 Capsule Size

10 Empty Capsules Market, By Application (Page No. -91 )
     10.1 Introduction
     10.2 Antibiotic & Antibacterial Drugs
     10.3 Dietary Supplements
     10.4 Antacid & Antiflatulent Preparations
     10.5 Antianemic Preparations
     10.6 Anti-Inflammatory Drugs
     10.7 Cardiovascular Therapy Drugs
     10.8 Cough & Cold Drugs
     10.9 Other Applications

11 Empty Capsules Market, By End User (Page No. -99 )
     11.1 Introduction
     11.2 Pharmaceutical Industry
     11.3 Nutraceutical Industry
     11.4 Cosmetic Industry
     11.5 Research Laboratories

12 Empty Capsules Market, By Region (Page No. -161 )
     12.1 Introduction
     12.2 North America
             12.2.1 Us
             12.2.2 Canada
     12.3 Europe
             12.3.1 Germany
             12.3.2 France
             12.3.3 Uk
             12.3.4 Italy
             12.3.5 Spain
             12.3.6 Rest of Europe
     12.4 Asia Pacific
             12.4.1 Japan
             12.4.2 China
             12.4.3 India
             12.4.4 Rest of Asia Pacific
     12.5 Latin America
     12.6 Middle East & Africa

13 Competitive Landscape (Page No. -168 )
     13.1 Overview
     13.2 Market Share Analysis
     13.3 Competitive Situation and Trends
             13.3.1 Product Launches
             13.3.2 Expansions
             13.3.3 Acquisitions
             13.3.4 Other Strategies

14 Company Profiles (Page No. -197 )
(Business Overview, Products offered, Recent Developments, Swot Analysis, Mnm View)*
     14.1 Capsugel
     14.2 Acg Worldwide
     14.3 Qualicaps
     14.4 Suheung Co., Ltd.
     14.5 Capscanada Corporation
     14.6 Qingdao Yiqing Medicinal Capsules Co., Ltd.
     14.7 Shanxi Guangsheng Medicinal Capsules Co., Ltd.
     14.8 Healthcaps India Ltd.
     14.9 Snail Pharma Industry Co. Ltd.
     14.1 Roxlor
     14.11 Sunil Healthcare Ltd.
     14.12 Medi-Caps Ltd.
     14.13 Nectar Lifesciences Ltd.
     14.14 Natural Capsules Limited
     14.15 Bright Pharma Caps Inc.

*Business Overview, Products offered, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case of Unlisted Companies.

15 Appendix (Page No. - )
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details

List of Tables (173 Tables)

Table 1 Key Market Drivers: Impact Analysis
Table 2 Key Market Restraints: Impact Analysis
Table 3 Key Market Opportunities: Impact Analysis
Table 4 Key Market Challenges: Impact Analysis
Table 5 Average Price of Empty Capsules, By Region, 2017
Table 6 Dimensional Specification Parameters
Table 7 Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 8 Empty Capsules Market, By Country, 2016–2023 (USD Million)
Table 9 Gelatin Capsules Market, By Raw Material, 2016–2023 (USD Million)
Table 10 Gelatin Capsules Market, By Country, 2016–2023 (USD Million)
Table 11 Gelatin Capsules Market, By Region, 2016–2023 (Billion Units)
Table 12 Pig Meat Gelatin Market, By Country, 2016–2023 (USD Million)
Table 13 Bovine-Derived Gelatin Market, By Country, 2016–2023 (USD Million)
Table 14 Bone Meal Market, By Country, 2016–2023 (USD Million)
Table 15 Other Gelatin Sources Market, By Country, 2016–2023 (USD Million)
Table 16 Non-Gelatin Capsules Market, By Raw Material, 2016–2023 (USD Million)
Table 17 Non-Gelatin Capsules Market, By Country, 2016–2023 (USD Million)
Table 18 Non-Gelatin Capsules Market, By Region, 2016–2023 (Billion Units)
Table 19 Major Products In The Market
Table 20 Hydroxypropyl Methyl Cellulose (Hpmc) Market, By Country,2016–2023 (USD Million)
Table 21 Pullulan & Starch Material Market, By Country,2016–2023 (USD Million)
Table 22 Empty Capsules Market, By Functionality, 2016–2023 (USD Million)
Table 23 Immediate-Release Empty Capsules Market, By Country,2016–2023 (USD Million)
Table 24 Sustained-Release Empty Capsules Market, By Country,2016–2023 (USD Million)
Table 25 Delayed-Release Empty Capsules Market, By Country,2016–2023 (USD Million)
Table 26 Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 27 Empty Capsules Market for 000 Capsule Size,By Country, 2016–2023 (USD Million)
Table 28 Empty Capsules Market for 00 Capsule Size,By Country, 2016–2023 (USD Million)
Table 29 Empty Capsules Market for 0 Capsule Size,By Country, 2016–2023 (USD Million)
Table 30 Empty Capsules Market for 1 Capsule Size,By Country, 2016–2023 (USD Million)
Table 31 Empty Capsules Market for 3 Capsule Size,By Country, 2016–2023 (USD Million)
Table 32 Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 33 Empty Capsules Market for Antibiotic & Antibacterial Drugs,By Country, 2016–2023 (USD Million)
Table 34 Empty Capsules Market for Dietary Supplements, By Country,2016–2023 (USD Million)
Table 34 Empty Capsules Market for Antacid & Antiflatulent Preparations,By Country, 2016–2023 (USD Million)
Table 36 Empty Capsules Market for Antianemic Preparations, By Country, 2016–2023 (USD Million)
Table 37 Empty Capsules Market for Anti-Inflammatory Drugs, By Country, 2016–2023 (USD Million)
Table 38 Empty Capsules Market for Cardiovascular Therapy Drugs,By Country, 2016–2023 (USD Million)
Table 39 Empty Capsules Market for Cough & Cold Drugs, By Country,2016–2023 (USD Million)
Table 40 Empty Capsules Market for Other Applications, By Country,2016–2023 (USD Million)
Table 41 Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 42 Empty Capsules Market for The Pharmaceutical Industry, By Country, 2016–2023 (USD Million)
Table 43 Empty Capsules Market for The Nutraceutical Industry, By Country, 2016–2023 (USD Million)
Table 44 Empty Capsules Market for The Cosmetic Industry, By Country,2016–2023 (USD Million)
Table 45 Empty Capsules Market for Research Laboratories, By Country,2016–2023 (USD Million)
Table 46 Empty Capsules Market, By Region, 2016–2023 (USD Million)
Table 47 Empty Capsules Market, By Region, 2016–2023 (Billion Units)
Table 48 North America: Empty Capsules Market, By Country,2016–2023 (USD Million)
Table 49 North America: Empty Capsules Market, By Type,2016–2023 (USD Million)
Table 50 North America: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 51 North America: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 52 North America: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 53 North America: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 54 North America: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 55 North America: Empty Capsules Market, By End User,2016–2023 (USD Million)
Table 56 Us: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 57 Us: Gelatin Capsules Market, By Raw Material, 2016–2023 (USD Million)
Table 58 Us: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 59 Us: Empty Capsules Market, By Functionality, 2016–2023 (USD Million)
Table 60 Us: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 61 Us: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 62 Us: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 63 Canada: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 64 Canada: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 65 Canada: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 66 Canada: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 67 Canada: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 68 Canada: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 69 Canada: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 70 Europe: Empty Capsules Market, By Country, 2016–2023 (USD Million)
Table 71 Europe: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 72 Europe: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 73 Europe: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 74 Europe: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 75 Europe: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 76 Europe: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 77 Europe: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 78 Germany: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 79 Germany: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 80 Germany: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 81 Germany: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 82 Germany: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 83 Germany: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 84 Germany: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 85 France: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 86 France: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 87 France: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 88 France: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 89 France: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 90 France: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 91 France: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 91 Uk: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 93 Uk: Gelatin Capsules Market, By Raw Material, 2016–2023 (USD Million)
Table 94 Uk: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 95 Uk: Empty Capsules Market, By Functionality, 2016–2023 (USD Million)
Table 96 Uk: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 97 Uk: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 98 Uk: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 99 Italy: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 100 Italy: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 101 Italy: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 102 Italy: Empty Capsules Market, By Functionality, 2016–2023 (USD Million)
Table 103 Italy: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 104 Italy: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 105 Italy: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 106 Spain: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 107 Spain: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 108 Spain: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 109 Spain: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 110 Spain: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 111 Spain: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 112 Spain: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 113 Roe: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 114 Roe: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 115 Roe: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 116 Roe: Empty Capsules Market, By Functionality, 2016–2023 (USD Million)
Table 117 Roe: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 118 Roe: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 119 Roe: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 120 Asia Pacific: Empty Capsules Market, By Country,2016–2023 (USD Million)
Table 121 Asia Pacific: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 122 Asia Pacific: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 123 Asia Pacific: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 124 Asia Pacific: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 125 Asia Pacific: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 126 Asia Pacific: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 127 Asia Pacific: Empty Capsules Market, By End User,2016–2023 (USD Million)
Table 128 Japan: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 129 Japan: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 130 Japan: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 131 Japan: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 132 Japan: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 133 Japan: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 134 Japan: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 135 China: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 136 China: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 137 China: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 138 China: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 139 China: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 140 China: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 141 China: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 142 India: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 143 India: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 144 India: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 145 India: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 146 India: Empty Capsules Market, By Size, 2016–2023 (USD Million)
Table 147 India: Empty Capsules Market, By Application, 2016–2023 (USD Million)
Table 148 India: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 149 Roapac: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 150 Roapac: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 151 Roapac: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 152 Roapac: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 153 Roapac: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 154 Roapac: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 155 Roapac: Empty Capsules Market, By End User, 2016–2023 (USD Million)
Table 156 Latin America: Empty Capsules Market, By Type, 2016–2023 (USD Million)
Table 157 Latin America: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 158 Latin America: Non-Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 159 Latin America: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 160 Latin America: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 161 Latin America: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 162 Latin America: Empty Capsules Market, By End User,2016–2023 (USD Million)
Table 163 Middle East & Africa: Empty Capsules Market, By Type,2016–2023 (USD Million)
Table 164 Middle East & Africa: Gelatin Capsules Market, By Raw Material,2016–2023 (USD Million)
Table 165 Middle East & Africa: Non-Gelatin Capsules Market, By Raw Material, 2016–2023 (USD Million)
Table 166 Middle East & Africa: Empty Capsules Market, By Functionality,2016–2023 (USD Million)
Table 167 Middle East & Africa: Empty Capsules Market, By Size,2016–2023 (USD Million)
Table 168 Middle East & Africa: Empty Capsules Market, By Application,2016–2023 (USD Million)
Table 169 Middle East & Africa: Empty Capsules Market, By End User,2016–2023 (USD Million)
Table 170 Product Launches, 2015–2018
Table 171 Expansions, 2015–2018
Table 172 Acquisitions, 2015–2018
Table 173 Other Strategies, 2015–2018

List of Figures (39 Figures)

Figure 1 Empty Capsules Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designations, and Region
Figure 4 Bottom-Up Approach
Figure 5 top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 9 Empty Capsules Market, By Application, 2018 Vs. 2023 (USD Million)
Figure 12 Growth of The Pharmaceutical Industry Along With R&D Activities and Clinical Trials to Drive Market Growth
Figure 13 Us Dominated The Empty Capsules Market In 2017
Figure 14 Apac to Register The Highest Growth Rate During The forecast Period (2018–2023)
Figure 15 Developing Markets to Register A Higher Growth Rate Between  2018 & 2023
Figure 16 Empty Capsules Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Projected Growth In The Elderly Population, 2010 Vs. 2015 Vs. 2030
Figure 18 total R&D Pipeline Size (2011–2017)
Figure 19 Growth In The Nutraceutical & Cosmetic Industries and Increasing Collaborations Among Empty CapsuleManufacturers Are The Leading Trends In The Market
Figure 20 Global Gelatin Production, By Region (2017)
Figure 21 Global Gelatin Market, By End User (2017)
Figure 22 Gelatin Capsules to Dominate The Empty Capsules Market During The forecast Period
Figure 23 Pig Meat Gelatin to Continue to Dominate The Gelatin Capsules Market During The forecast Period
Figure 24 Hydroxypropyl Methylcellulose to Continue to Account for The Largest Share of The Non-Gelatin Capsules Market
Figure 25 Immediate-Release Capsules Segment to Dominate The Empty Capsules Market During The forecast Period
Figure 26 Antibiotic & Antibacterial Drugs Segment Will Continue to Dominate The Empty Capsules Market In 2023
Figure 27 Pharmaceutical Industry Segment to Dominate The Empty Capsules Market During The forecast Period
Figure 28 Empty Capsules Market: Geographic Snapshot (2017)
Figure 29 North America: Empty Capsules Market Snapshot
Figure 30 Use of Dietary Supplements (2008–2017)
Figure 31 European Generics Market (2014)
Figure 32 Europe: Empty Capsules Market Snapshot
Figure 33 Asia Pacific: Empty Capsules Market Snapshot
Figure 34 Expansions—Key Growth Strategy Adopted By Market Players From 2015 to August 2018
Figure 35 Empty Capsules Market Share, By Key Player, 2017
Figure 36 Sunil Healthcare Ltd.: Company Snapshot
Figure 37 Medi-Caps Ltd.: Company Snapshot
Figure 38 Nectar Lifesciences: Company Snapshot (2017)
Figure 39 Natural Capsules Limited: Company Snapshot (2017)

A softgel consists of a gelatin-based shell surrounding a liquid or semi-solid (inner fill) drug or extract in the center. Softgel capsules offer several benefits to consumers such as convenience, enhanced efficacy, and bioavailability. Enteric softgel capsules are expected to exhibit significant market growth during the forecast period, owing to rise in adoption of enteric softgel, surge in demand for omega-3 supplements, growth in promotional activities by manufacturers, and rise in consumer awareness for preventative healthcare. The global softgel capsules market is estimated to grow at a CAGR of approximately 5% during the forecast period to reach approximately USD 2.5 billion by 2025.

Objectives of the Study

  • To define, describe, segment, and forecast the global softgel capsules market on the basis of type, application, end user, and region
  • To forecast the size of the softgel capsules market with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
  • To provide detailed information regarding the major factors influencing the growth of the softgel capsules market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive leadership mapping for market leaders
  • To profile key players in the softgel capsules market and comprehensively analyze their core competencies2 and market shares
  • To track and analyze competitive developments such as acquisitions; product launches; collaborations, partnerships, & agreements; and expansions in the market

Research Methodology

Top-down and bottom-up approaches will be used to validate the size of the global softgel capsules market and estimate the size of other dependent submarkets. Various secondary sources such as directories, industry journals, databases such as Bloomberg Business, Factiva, and Dun & Bradstreet; white papers; annual reports; company house documents; and SEC filings of the companies will be used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides will be interviewed to obtain and validate information as well as to assess dynamics of this market.

Target Audience

  • Gelatin capsule and non-gelatin- empty capsule manufacturers
  • Contract manufacturers of empty vegetarian capsules
  • Pharmaceutical and nutraceutical R&D laboratories
  • Pharmaceutical, nutraceutical, and OTC/cosmetic product manufacturers
  • Pharmaceutical/medical associations
  • Distributors and suppliers
  • Venture capitalists and investors

Available Customization

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options would be available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
Report Code
PH 2935
Published ON
Oct, 2018
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