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Future of the Empty Capsules Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Empty Capsules Market Size Growth Forecast: What to Expect by 2025?
The market size for empty capsules has witnessed a robust growth in the recent past. The market value is projected to escalate from $3.21 billion in 2024 to $3.47 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%. This substantial growth during the historical period can be credited to multiple factors such as shifts in consumer preferences, beneficial economic circumstances, repercussions of the Russia-Ukraine conflict, entrance barriers in the industry, and an aging population.
How Will the Empty Capsules Market Size Evolve and Grow by 2029?
The market size for empty capsules is projected to undergo swift expansion in the upcoming years. It is anticipated to escalate to $5.18 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.5%. The growth expected within the forecast period is ascribed to the expansion in market size, market consolidation, ethical worries, and strict guidelines, along with a rising demand for nutraceuticals and various market dynamics. Key trends within the forecast period encompass product innovations, sourcing sustainability, application in vegetarian and vegan products, patient demographics, and treatment of chronic diseases, along with a prevalence in certain regions.
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What Drivers Are Propelling the Growth of Empty Capsules Market Forward?
The growth of the empty capsules market is projected to be spurred by a rise in chronic disease prevalence. Chronic diseases, such as cancer, heart disease, stroke, diabetes, and arthritis, tend to last for three months or longer and often deteriorate over time. Empty capsules, which ensure correct drug delivery without altering the drugs' formulation, are utilized for administering a variety of medications. For example, the American Cancer Society, a US-based health organization, published research in January 2022 indicating that approximately 609,360 cancer-related deaths and 1.9 million new cancer instances are predicted for 2022 in the US, equating to nearly 1,670 fatalities daily. As a result, the increasing prevalence of chronic diseases is propelling the advancement of the empty capsules market.
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What Trends Will Shape the Empty Capsules Market Through 2029 and Beyond?
New product developments are becoming increasingly common in the empty capsules market, a trend that is primarily being driven by prominent companies in the sector. They are introducing novel products to consolidate their market position. Bright Pharma Caps Inc, an Indian pharmaceutical company, for example, launched Bright-Poly in August 2023. This was the world's first capsule certified as organic, created from USDA-certified organic pullulan. The product significantly fills a void in the nutritional supplement sector for organic encapsulation alternatives. Bright-Poly capsules consist of NOP certified organic pullulan, purified water, and alginates, ensuring they are devoid of surfactants and chemical additives that are usually present in traditional capsules.
What Are the Key Segments in the Empty Capsules Market?
The empty capsules market covered in this report is segmented -
1) By Type: Gelatin Capsules, Non-Gelatin Capsules
2) By Functionality: Immediate-Release Capsules, Sustained-Release Capsules, Delayed-release Capsules
3) By Application: Antibiotic And Antibacterial Drugs, Dietary Supplements, Antacid And Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough And Cold Drug Preparations, Other Therapeutic Applications
4) By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories
Subsegments:
1) By Gelatin Capsules: Hard Gelatin Capsules, Soft Gelatin Capsules
2) By Non-Gelatin Capsules: Vegetable Capsules, Pullulan Capsules, Other Plant-Based Capsules
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Who Are the Key Players Shaping the Empty Capsules Market's Competitive Landscape?
Major companies operating in the empty capsules market are ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc., Suheung Co. Ltd., Roxlor LLC, Lonza Group AG, Goerlich Pharma GmbH, Qualicaps Inc., Comed Chemicals Limited, Wuhan Carma Technology Co. Ltd., Nectar Lifesciences Ltd., Erawat Pharma Limited, Medi-Caps Ltd., Mitsubishi Chemical Holdings Corporation, Snail Pharma Industry Co. Ltd., Sunil Healthcare Ltd., Shanxi Guangsheng Medicinal Capsule Co. Ltd., Aenova Group GmbH, Capsuline Inc., Farmacapsulas SA, Health Pharma, JC Biotech Pvt. Ltd., Lefan Capsule International Inc., Nipro Capsule Co. Ltd., Qingdao Yiqing Medicinal Capsules Co. Ltd., Shaoxing Kangke Capsule Co. Ltd., Sunloc Industrial Co. Ltd.
What Geographic Markets Are Powering Growth in the Empty Capsules Market?
North America was the largest region in the empty capsules market in 2024. The regions covered in the empty capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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