Empty capsules are stable shells that comprise medicine, typically administered in dosage form. Empty capsules are either available in gelatin or non-gelatin form. Capsules can either be consumed orally, or as suppositories. Empty capsules permit users to fill bulking agents, fillers, and colorants on their own within the capsule.
Prevention of cardiovascular disease driver of empty capsule demand
Data from the American Heart Association suggests cardiovascular disease (CVD) is a leading cause of death and may account for just under 24 million deaths by 2030. Empty capsules are helpful in masking the bitter taste of cardiac therapy drugs, preventing nausea in patients. As the prevalence of CVDs grows, the demand for cardiac therapy drugs is predicted to benefit the empty capsules market. Cardiovascular and other chronic conditions are a particular concern for geriatrics. These individuals prefer medication in capsule form as it is easy to swallow, has faster dissolution times, and causes less gastrointestinal irritation. Empty capsules disintegrate rapidly, are absorbed instantaneously into the bloodstream and are tasteless and odorless, making consumption palatable. This explains the high demand for empty capsules in the nutraceutical, pharmaceutical, and cosmeceutical industries.
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North America pops the most pills in the empty capsules market
As a rapidly ageing, well-informed population with access to high-quality healthcare, it is no surprise that North America accounts for a large chunk of revenue in the global empty capsules market. A particular trend that deserves mention is the consumption of nutraceutical products. Nutraceuticals help significantly in the prevention of health problems such as arthritis, cancer, and obesity. Companies focusing on North America would do well to target the nutraceutical segment there for large-scale visibility. According to a survey conducted by Ipsos Public Affairs on behalf of the Council for Responsible Nutrition, approximately 7/10 Americans take dietary supplements with the most popular being multivitamin, vitamin D, vitamin C, calcium, and vitamin B. In addition, the US and Canada have a healthcare system that gives top priority to R&D, encouraging both local players and international companies to step up their guns in the North America empty capsules market.
Fitness holds the key to unlocking APAC empty capsule market lock
In terms of growth, North America falls short of APAC. The key factors responsible for the boom in APAC include favorable government initiatives to develop a robust healthcare infrastructure and the proliferation of pharmaceutical companies in this region. Furthermore, style-conscious millennials in China, India, and ASEAN have begun demanding the very best cosmeceutical products to fulfill their desire to be fit and look good simultaneously.
Global Empty Capsules Market Players are: Capsugel, Medi-Caps, Capsugel, Bright Pharmacaps, Qualicaps, Acg Worldwide, Roxlor, Capscanada, Sunil Healthcare, Snail Pharma Industry
Higher CAGR could make non-gelatin empty capsules future el Dorado
When it comes to product type, the non-gelatin empty capsule segment is the more attractive of the two in the empty capsules market in terms of CAGR. Non-animal derived products have manifold advantages over their gelatin-based alternates, such as lower moisture content, temperature and humidity stability, and low hygroscopicity. Nonetheless, gelatin-based capsules are poised to retain their pole position in the empty capsules market as they efficiently retain active pharmaceutical ingredients (API). Gelatin-based capsules do result in side effects such as ingestion difficulty (particularly for those suffering from kidney ailments), drug compatibility issues, and allergic reactions.
Target niche customers to unlock vast potential in empty capsule market
As gelatin is prepared from animal collagen, there is a backlash from animal activists that must be dealt with in the empty capsules market. Individuals with religious or dietary restrictions that expressly forbid the consumption of animals will not be able to purchase gelatin-based empty capsules. Therefore, non-gelatin options have come into the empty capsules market to cater to such customers. A few can even be classified as halal and kosher, broadening their appeal in the empty capsules market. Lastly, some gels and liquids may be incompatible with gelatin capsules, restricting the growth of the empty capsules market. The Pew Research Center estimates that the global Muslim population will grow by 70% from 1.8 billion in 2015 to nearly 3 billion by 2060, offering limitless opportunities for halal certified products in the empty capsules market.
- What is the market size and growth rate of the global and regional markets by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market during the forecast period?
- What factors are anticipated to impact demand and supply trends in the market during the forecast period?
- What factors are likely to drive market revenue growth during the forecast period?
- What are the key technology and other trends shaping the market?
- What are the key opportunities in the market?
- What are some of the strategies implemented by key companies operating in the market?
- What is the COVID-19 impact on the market?