Capsugel Invested USD 25 Million To Enhance The Quality And Range Of Its Vegetarian Capsule
Goldstein Research analyst forecast the empty capsule market size is set to reach USD 2.12 billion by 2024, at a CAGR of 7.0% over the forecast years.APAC tends to grow at the fastest rate, registering the CAGR of 7.1% over the forecast period while North America leads the market with 49% of the total empty capsule market share.
In order to increase the production capacity and further enhance the quality and range of its vegetarian capsule, Capsugel invested USD 25 million.Growing Asian and South American demand along with the likelihood of rising prices going to change the whole picture of the empty capsule market.The empty capsule market has become increasingly integrated and consolidated over the last few years and is now dominated by a very few multinational companies. Mergers are driven by a need to increase competitiveness and a consolidating customer base has been a recurring theme over the past decade.
According to Goldstein Research, global empty capsules market is segmented on the basis of product, application and by end-user. In 2016, the gelatin capsules segment accounted for the maximum revenue share of over 80% and are expected to continue its market dominance over the forecast period while non-gelatin based empty capsules tends to grow in a lucrative manner at a CAGR of 7% over the years due to its better stability and vegetarian origin that circumvent religious issues associated with capsules of animal origin.
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“Global Empty capsules Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry empty capsules manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.
Global Empty Capsules Market Segmentation can be classified on the basis of:
By Product
- Gelatin-Based Empty Capsules
- Marine caps
- Bone Meal
- Pig Skin Gelatin
- Bovine Derived Gelatin
- Non-Gelatin Based Empty Capsules
- HPMC (hydroxypropyl methylcellulose)
- Pullulan & Starch Material
By Application
- Antibiotic & Antibacterial Drugs
- Vitamin & Dietary Supplements
- Antacids & Anti-flatulent Preparations
- Anti-anemic Preparations
- Anti-Inflammatory & Anti-rheumatic Drugs
- Cardiac Therapy Drugs
- Cough & Cold Preparations
By End Use Industry
- Pharmaceutical
- Nutraceutical
- Cosmetics Industries
- Research laboratories
By Geography
- North America (US, Canada)Empty Capsules Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Empty CapsulesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Empty CapsulesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America)Empty CapsulesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Empty CapsulesMarket {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Market Trends, Drivers & Challenges
Ongoing trend of capsulation for cosmetic and personal care products for topical applications as many cosmetics and personal care products contain biologically active substances that require encapsulation for increased stability of the active materials.68% of the Americans take dietary supplements that has remained consistent over the past five years as it impact their overall health, fill the nutrient gap and help maintaining energy and immune health favoring demand for innovative drug delivery formulations in the pharmaceutical industry and increased consumption of dietary supplements is driving the global empty capsules market. However, rising demand for leather and a shortage of pigskin and animal bone has caused increasing problems and led to the closure of some factories unable to obtain sufficient raw material. This has led to a slowing in the rate of supply increase of empty capsule market.
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“Global Empty capsules Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global empty capsules market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
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