Press release
Global Capsule Market Witnesses Steady Growth Driven by Rising Prevalence of Chronic Diseases and Advancements in Capsule Manufacturing
Capsule Market
According to the World Health Organization (WHO), chronic diseases accounted for over 17.9 million, 9.3 million, 4.1 million, and 1.5 million deaths worldwide due to conditions like cardiovascular disease, cancer, respiratory diseases, and diabetes in 2021. With the rising global need for health supplements and therapeutic drugs, the demand for capsules - including those made from gelatin and non-gelatin materials - is increasing significantly.
Market Drivers and Trends
Capsules, available in both hard and soft gelatin formats, are widely used to encapsulate various medications, helping manufacturers efficiently deliver therapeutic products to patients. A surge in funding and investment in capsule manufacturing facilities is helping companies enhance their production capacities, leading to greater market revenue growth. In addition, ongoing clinical trials and R&D initiatives are supporting the development of advanced therapeutic drugs, further strengthening the demand for capsules.
In response to rising health awareness, especially among older adults, there is a growing preference for nutritional supplements, immune boosters, and dietary aids. About 25% of individuals over 60 are now reported to use four or more dietary supplements, creating further opportunities in the capsule market.
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Challenges in the Capsule Market
However, the market faces a few challenges, primarily due to price fluctuations in gelatin ingredients and stringent pharmaceutical industry regulations. These factors could impact the overall growth of the capsule market by raising production costs and compliance burdens for manufacturers.
Capsule Product Insights: Gelatin and Non-Gelatin Segments
The market offers both gelatin-based and non-gelatin capsules. In 2022, gelatin capsules held the largest market share due to their popularity as a trusted excipient in the pharmaceutical industry. Known for their digestibility, tamper-resistance, and superior mechanical qualities, gelatin capsules have been a staple for over 80 years. Many manufacturers now use a mix of bovine and porcine gelatin, which enhances both capsule stiffness and fluidity.
The non-gelatin capsule segment, including Hydroxypropyl Methylcellulose (HPMC) and pullulan, is also experiencing moderate growth. Non-gelatin capsules are GMO-free, animal-free, and resistant to moisture, making them ideal for medications sensitive to gelatin or those requiring specific FDA and USP compliance. These capsules are especially valued for their adaptability to both fast-release and delayed-release formulations.
Capsule Application Insights: Nutritional Supplements and Lifestyle Products
The nutritional supplements segment is poised to hold a substantial share of the global capsule market during the forecast period, as health awareness and the pursuit of balanced diets grow. Government programs and initiatives aimed at combating malnutrition, especially in developing countries, are increasing demand for nutritional capsules. In the U.S., the FDA's "Supplement Your Knowledge" campaign, launched in 2022, seeks to educate both consumers and healthcare professionals about dietary supplements, underscoring the critical role capsules play in promoting better health outcomes.
Growth in Pharmaceutical and Nutraceutical Applications
The pharmaceutical sector, known for careful integration of new technologies, is steadily increasing its use of advanced capsule-filling machinery, which enhances production efficiency and accuracy. Meanwhile, nutraceutical companies are capitalizing on the health-conscious trend, offering a variety of dietary and wellness supplements in capsule form. The integration of robotics, automation, and real-time monitoring in manufacturing is helping pharmaceutical companies ensure quality while meeting stringent regulatory standards, thereby supporting the expansion of the capsule market.
As the global capsule market continues to grow, its potential for innovation and adaptation within the health and wellness sectors remains robust. With more people turning to preventive healthcare and wellness supplements, capsules are anticipated to be an essential component in the industry's efforts to deliver therapeutic solutions in accessible and effective formats.
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Capsule Top Companies and Competitive Landscape
The global capsule market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective capsule products in the market.
Some of the major companies included in the global capsule market report are:
ACG
Bright Pharma Caps
CapsCanada Corporation
Roxlor
SNAIL PHARMA INDUSTRY
SUHEUNG Co., Ltd.
Sunil Healthcare Limited
QUALICAPS
Nectar Lifesciences Ltd.
NATURAL CAPSULES LIMITED
Comed Chemicals Limited (CCL)
Erawat Pharma Limited
Mitsubishi Chemical Group Corporation.
Farmacapsulas S.A
Capsule Latest Industry Updates
On 1 August, 2023, Metrion Biosciences Limited declared that it has obtained the UK Medicines and Healthcare Products Regulatory Agency's final notice. Metrion is now a part of the UK Good Laboratory Practise Compliance Monitoring Program, according to the announcement.
On 23 March, 2023, Cadila Pharmaceuticals, inked a Memorandum of Understanding (MoU) with the state government of Gujrat with intention of investing USD 120 million in a span of three years until 2025 for setting up an Active Pharmaceuticals Ingredients (APIs) plant at Dahej, Bharuch & Ankleshwar and the Formation of Tablet & Capsules at Dholka Dist. Plant. With the funding, Cadila will establish a new facility for active medicinal ingredients over a three-year period.
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Capsule Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global capsule market on the basis of product, application, therapeutics, functionality end-use, and region:
Product Outlook (Revenue, USD Billion; 2019-2032)
Gelatin Capsules
Porcine Gelatin
Bovine-Derived Gelatin
Bone Meal
Non-Gelatin Capsules
Hydroxypropyl Methylcellulose
Pullulan and Starch
Application Outlook (Revenue, USD Billion; 2019-2032)
Nutritional Supplements
Cosmetics
Lifestyle Goods
Others
Therapeutics Outlook (Revenue, USD Billion; 2019-2032)
Antibacterial and Antibiotic Drugs
Dietary Supplements
Antacid and Antflatulent Preparations
Antiemetic Preparations
Anti-inflammatory Drugs
Cardiovascular Therapy Drugs
Cough and Cold Drugs
Others
Functionality Outlook (Revenue, USD Billion; 2019-2032)
Immediate-Release Capsule
Sustained-Release Capsules
Delayed-Release Capsules
End-use Outlook (Revenue, USD Billion; 2019-2032)
Pharmaceutical Companies
Nutraceutical Companies
Cosmetics Companies
Research Institutions and Organization
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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View Additional Related Reports:
Capsule Market Size @ https://www.emergenresearch.com/industry-report/capsule-market/market-size
Capsule Market Share @ https://www.emergenresearch.com/industry-report/capsule-market/market-share
Capsule Market Trends @ https://www.emergenresearch.com/industry-report/capsule-market/market-trends
Capsule Regional Market Demand @ https://www.emergenresearch.com/industry-report/capsule-market/regional-market-demand
Capsule Market Analysis @ https://www.emergenresearch.com/industry-report/capsule-market/market-analysis
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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