Empty Capsules Market Share & Growth [2023 New Report] | Size and Share Estimation, Competitors Strategy, Forthcoming Developments and Forecast 2028

The empty capsules market is projected to reach USD 4.9 billion by 2028 from USD 3.2 billion in 2023, at a CAGR of 9.3% during the forecast period. The growth of this market is mainly driven by increasing demand of dietary nutraceuticals. Furthermore, advancements in capsules delivery technologies, and benefits of capsules over other dosage forms is likely to contribute to market growth in coming years.

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The empty capsules industry is expected to experience steady growth in the near future. This is due to the increased demand for empty capsules as a result of the growing popularity of dietary supplements and nutraceuticals. The increasing awareness about health and wellness among consumers is likely to drive the demand for empty capsules. Manufacturers are expected to focus on developing innovative products in order to meet the growing needs of consumers.

Key Market Players

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

Capsugel (US)

Capsugel (US) is one of the leading players in the empty capsules market in 2022. The company's leading position is attributable to its diversified product portfolio, strong geographic presence, and adoption of organic and inorganic growth strategies. The company has focused on new product launches, to maintain its leading position in the empty capsules market.

ACG Worldwide (India)

ACG Worldwide is one of the leading players in the empty capsules market. It offers specialty empty hard capsules. The company has a wide geographical footprint and is further expanding its network across the globe. The company has focused on launches of new products in various sizes & customization options to increase the share in empty capsules market.

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Empty Capsules Market - Report Highlights:

Refinement in the segments of the global Empty Capsules market:

• Market sizes are updated for the base year 2022 and forecasted from 2023 to 2028.

• The new edition of the report provides updated financial information till 2021 for each listed company. Data from the annual reports for 2022 was included as available. This will help in the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, and business segment focus in terms of the highest revenue-generating segment.

• Recent developments are helpful to understand market trends and growth strategies adopted by players in the market.

• Tracking product portfolios of prominent market players helps to analyze the major products in the empty capsules market. The new edition of the report provides an updated product portfolio of the companies profiled in the report.

• Pricing analysis, trade analysis, key stakeholders & buying criteria, and trends/ disruptions impacting customer business are added in the market overview chapter.

• Impact of recession has also been added in the new addition of the report.

• Market evaluation framework, market share analysis and competitive leadership mapping have been added in competitive landscape chapter of the report.

• The company evaluation matrix has been updated considering the recent developments of the companies.

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