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Advanced Empty Capsule Market Latest Trends and Future Aspect Analysis
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InsightAce Analytic's most recent study projects that the global Advanced Empty Capsule market will be worth US$ 1.47 billion by 2021. With a CAGR of 10.01% from 2022 to 2030, it is predicted to reach US$ 3.42 billion by 2030. An advanced empty capsule is a stable shell that encloses medicine administered to patients in several dosage forms, like pellets and granules. Commercial products come in two varieties: those based on gelatin and those that are not. The pharmaceutical hard and soft gelatin capsules are derived from animal sources, specifically the connective tissues of pigs, cattle, and chickens, which are rich in collagen.
Conversely, the vegetarian or non-gelatin capsule comprises hydroxypropyl methylcellulose (HPMC) and starch. Modern empty capsules are used to deliver a variety of drugs without altering their composition. These capsules offer the best possible drug administration without interfering with the composition of any medication. Market expansion is driven by the increased demand for customized capsules in the nutraceutical and pharmaceutical industries. The growing need for halal-certified goods from countries with a majority of Muslims is driving the need for novel empty capsules.
Furthermore, pharmaceutical companies are placing a greater emphasis on vegetarian-based capsules to decrease the manufacturing of gelatin-based capsules. Consequently, producers are increasing their output of vegetarian-based capsules. The rising use of vitamin supplements in countries like the US, UK, Germany, Russia, and the United States is driving up the production of empty capsules. Developments in medication delivery research and development, along with more government initiatives, are driving expansion. The predicted era will witness a broadening of the growth potential for empty capsule producers due to favourable government laws, technical advancements, and the expanding use of oral capsules in pharmaceutical enterprises.
The key strategies the market players use are still product innovation and new releases. Essential companies are investing in R&D to create new products and make money. However, it is anticipated that the Advanced Empty Capsule market will be constrained by the limited supply of raw materials needed to manufacture empty capsules in the upcoming years. Over the projected years, North America is expected to contribute significantly to the Advanced Empty Capsule market. Growth in this region is expected to be aided by sizable pharmaceutical companies, growing R&D activity, rising medical demand, and helpful government initiatives.
The US is anticipated to be the most significant market in this region due to the rising incidence of chronic illnesses and an ageing population. Additionally, due to the growing patient base, the Asia Pacific regional market is anticipated to experience a considerable increase during the forecast period. Furthermore, it is expected that as the expenses of healthcare infrastructure rise in the coming years, the market for creative empty capsules in the region will increase.
Major market players operating in the Advanced Empty Capsule market include
ACG Worldwide, Capsugel (Lonza Group Ltd.), Medi-Caps Ltd., Sunil Healthcare Ltd., Roxlor LLC, Snail Pharma Industry Co. Ltd., CapsCanada Corporation, Suheung Co., Ltd., Bright Pharma Caps Inc., Fuji Capsule Co., Ltd., Comed Chemicals, Erawat Pharma Limited, Evonik, Farmacapsulas, Fortcaps Healthcare, Health Caps India, LFA Machines Oxford, Mitsubishi Chemical Holdings Corporation, Natural Capsules, Nectar Lifesciences, Qingdao Yiqing Medicinal Capsules, Saviour Caps, Shanxi Guangsheng Medicinal Capsule, Shaoxing Kangke Capsule, Shaoxing Zhongya Capsule, Shree Pharma Caps, Suheung, Sunil Healthcare, Zhejiang Yuexi Capsule, and Other Prominent Players.
Recent collaborations and agreements in the market:
• In March 2021, CapsCanada, a Lyfe Group company, announced introducing a new manufacturing service for its innovative liquid-filled hard capsule.
• In November 2019, Suheung Co. Ltd. announced the opening a new EMBO CAPS VG-Alpha capsule facility in the Long Thanh Industrial Zone. The vegetarian capsule product range of Embocaps by Suheung includes the EMBO CAPS® VG, EMBO CAPS VG-ALPHA, and non-animal alternatives to gelatin capsules as the EMBO CAPS AP, a non-animal delayed-release capsule, and the EMBO CAPS VP, a pullulan based capsule.
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Market Segments
Global Advanced Empty Capsule Market, by Product, 2022-2030 (Value US$ Mn)
• Oral Capsules
o Dry Formulations
Immediate-Release Capsules
• Gelatin
• HPMC
• Starch
• Pullulan
Delayed-Release Capsules
• Time Delayed-Release Capsules
o Gelatin
o HPMC
• Acid-Resistant Capsules
o Gelatin
o HPMC
o HPMCP
• Enteric Capsules
o Gelatin
o HPMC
o HPMC-AS
• Liquid formulation
o Gelatin
o HPMC
o Starch
o Pullulan
• Inhalation Capsules
o Gelatin
o HPMC
o Starch
o Pullulan
Global Advanced Empty Capsule Market, by Raw Material, 2022-2030 (Value US$ Mn)
• Animal Source
o Contract Type-A (Pork Skin
o Type-B Gelatin (Animal Bones & Calf Skin)
o Fish Bone Gelatin
• Vegetarian-based
o Hydroxy Propyl Methyl Cellulose (HPMC)
o Starch
o Pullulan
Global Advanced Empty Capsule Market, by Capsule Size, 2022-2030 (Value US$ Mn)
• Size "000" Capsules
• Size "00" Capsules
• Size "0" Capsules
• Size "1" Capsules
• Size "2" Capsules
• Size "3" Capsules
• Size "4" Capsules
• Size "5" Capsules
Global Advanced Empty Capsule Market, by End-Users, 2022-2030 (Value US$ Mn)
• Pharmaceutical
• Nutraceutical & Cosmetic
• CROs
• CMOS
Global Advanced Empty Capsule Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Advanced Empty Capsule Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Advanced Empty Capsule Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Advanced Empty Capsule Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Advanced Empty Capsule Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Advanced Empty Capsule Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Advanced Empty Capsule market
To receive an industry overview and future trends of the Advanced Empty Capsule market
To analyze the Advanced Empty Capsule market drivers and challenges
To get information on the Advanced Empty Capsule market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Advanced Empty Capsule market industry
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