Empty capsules are commonly used to store powders,
medications, and botanicals. When compared to tablets, capsules are easier to
swallow. Pharmaceutical companies use it to make a variety of therapeutic
medications.
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According to MarketsandMarkets, the nutraceutical
ingredients market was valued at USD 162.1 billion in 2020 and is projected to
reach USD 227.5 billion by 2025, at a CAGR of 7.0% from 2020 to 2025.
Nutraceutical products are usually rich in fiber, antioxidants, heart-healthy
ingredients, vitamins and minerals, omega-3 fatty acids, vitamin D, calcium,
and whole grains.
Based on therapeutic applications, the empty
capsules market is segmented into antibiotic & antibacterial drugs, dietary
supplements, antacid & antiflatulent preparations, antianemic preparations
(hematinic), anti-inflammatory drugs, cardiovascular therapy drugs, cough &
cold drugs, and other therapeutic applications.
Based on type, the empty capsules market is
categorized into gelatin capsules and non-gelatin capsules. In 2020, gelatin
capsules accounted for the largest share in the empty capsules market. The
various advantages of gelatin capsules, such as rapid drug release, uniform
mixing of drugs, and a barrier to atmospheric oxygen (preventing oxidation of
drug molecules), make them a preferred choice for manufacturing capsule shells.
Based on end users, the empty capsules market is
segmented into the pharmaceutical industry, nutraceutical industry, cosmetic
industry, and research laboratories. The pharmaceutical industry segment
accounted for the largest share in the empty capsules market in 2020. The
demand for empty capsules in the pharmaceutical industry is largely driven by
the increasing number of drugs launched as capsule formulations and the growing
prevalence of diseases for which capsule-based formulations form the primary
treatment.
Based on functionality, the empty capsules market
has been segmented into immediate-release, sustained-release, and
delayed-release capsules. In 2020, immediate-release capsules accounted for a
major share in the empty capsules market. This is because immediate-release
capsules are widely used to manufacture antibiotics, antibacterials, antacids,
painkillers, inhalators, cold and cough drug preparations, and dietary
supplements.
The prominent players operating in this market are
Capsugel (US), ACG Worldwide (India), Qualicaps (US), Suheung Co. Ltd. (Korea),
CapsCanada Corporation (Canada) and others
Capsugel was the leading player in the empty
capsules market in 2020. The company is largely known for its diversified
product offerings for the pharmaceutical and nutraceutical industry. Capsugel
offers a comprehensive portfolio of empty capsules, ranging from gelatin,
vegetarian, filled hard, functional, inhalation, HPMC, gelatin, alternate
polymer, specialized clinical, and enteric capsules. In addition, the company
also offers acid-resistant capsules, gelcaps, dry powder inhaler capsules,
capsule-in-capsule technology products, and solid lipid pellet technology
products.
North America accounted for the largest share of
the empty capsules market
North America accounted for the largest share of
37.4% of the global market. The dominance of the North American region can be
attributed to the existing presence of major capsule manufacturers with large
production capacities, along with the presence of a number of pharmaceutical
giants with large production capacities utilizing these capsules. The growing
emphasis on superior pharmaceutical products and generics has also led to
increased demand for empty capsules.
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