Empty Capsules Market Business Expansion Strategies for Emerging Players in the Market in 2023-2028

The Asia Pacific region is estimated to grow at the highest CAGR in the empty capsules market during the forecast period, this is mainly due to the growth in Asian pharmaceutical markets and their manufacturing capacities.
Capsugel (US) is one of the leading players in the empty capsules market. The company’s leading position is attributable to its diversified product portfolio, strong geographic presence, and adoption of organic and inorganic growth strategies.

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).

The gelatin capsules segment accounted for the largest share of the type segment in the empty capsules market.

Based on type, the empty capsules market is broadly segmented into gelatin capsules, and non-gelatin capsules. gelatin capsules accounted for the largest share of the empty capsules market for type. This segment’s large share can be attributed to factors such as the availability of gelatin for capsule manufacturing and low cost of gelatin.

The immediate-release capsules segment accounted for the largest share of the functionality segment in the empty capsules market

Based on functionality, the empty capsules market is categorized into three segments—immediate-release capsules, sustained-release, and delayed release capsules. immediate-release capsules segment accounted for the largest share of empty capsules market. Factors such as the wide utilization of immediate-release capsules in pharmaceutical and cosmetic industry are projecting the segmental growth.

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Report Objectives

To define, describe, and forecast the global empty capsules market based on the type, functionality, therapeutic application, end user, and region
To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, challenges, and opportunities)
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall empty capsules market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
To track and analyze competitive developments such as acquisitions, expansions, agreements, collaborations, and R&D activities in the empty capsules market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:

Geographic Analysis

Further breakdown of the Rest of Europe empty capsules market into respective countries
Further breakdown of the Rest of Asia Pacific empty capsules market into respective countries

Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Company Information

An additional five company profiles

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