The empty capsules industry is poised for significant growth in the near future. With the rising demand for pharmaceutical and nutraceutical products, the market for empty capsules is expected to expand. Factors such as increasing consumer preference for convenient and customizable dosage forms, advancements in capsule technology, and the growing need for specialized drug delivery systems are driving the industry forward. Moreover, the expanding geriatric population and the prevalence of chronic diseases are further boosting the demand for empty capsules as a preferred choice for medication administration. Additionally, the adoption of vegetarian and vegan lifestyles is fueling the demand for plant-based and non-animal-derived capsules. With ongoing research and development activities focused on improving capsule quality, stability, and compatibility with various formulations, the empty capsules industry is set to witness substantial growth in the near future.

Empty Capsules market in terms of revenue was estimated to be worth $3.2 billion in 2023 and is poised to reach $4.9 billion by 2028, growing at a CAGR of 9.3% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. Growing demand of nutraceuticals an increasing number of clinical trials and growth in the pharmaceutical market are some of the major factors propelling the growth of this market. However, the cultural practices dietary restrictions is likely to restrict the growth of empty capsules market.

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Based on type, the empty capsules market is segmented into gelatin capsules and non-gelatin capsules. In 2022, gelatin capsules segment accounted for the largest share. The dominance of the segment is attributable to its advantages such as rapid drug release, better consumer experience, drug safety and uniform mixing of drugs.

Based on functionality, the empty capsules market is segmented into immediate-release capsules, sustained-release capsules, and delayed-release capsules. In 2022, immediate-release capsules segment accounted for the largest share of empty capsules market. Increasing applications of immediate-release capsules are driving the segmental growth.

The global empty capsules market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2022, North America dominated the empty capsules market followed by Europe and Asia Pacific respectively. Asia Pacific region is likely to grow at a faster pace during the forecast period of 2023-2028. The overall share of this region in the global market is gradually increasing, owing to growth in pharmaceutical markets and their manufacturing capacities. High-growth regions such as China, and India are expected to be major contributors to the Asia-Pacific empty capsules market.

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Key Market Players:

Key market players operating in empty capsules market players are Capsugel (US), ACG Worldwide (India), Qualicaps (US), CapsCanada Corporation (Canada), Suheung Co. Ltd. (Korea), and Natural Capsules (India).

Recent Developments:

• In May 2022, Capsugel launched Titanium dioxide-free (TiO2-free) white hard gelatin capsule, which meets the demand of titanium dioxide-free for foods in the European Union.
• In November 2021, ACG launched a global nutraceutical campaign ‘ACG loves nothing’ to promote problem free nutraceutical production and bring attention to the company’s intention to develop high quality capsules for pharmaceutical and nutraceutical industry.
• In March 2021, ACG launched ACGcaps NTone and ACGcaps TSafe range of capsules for the nutraceutical market.

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