Empty capsules have become a popular way for people to consume supplements, herbs, and other powders. The empty capsules market refers to the industry that produces and sells capsules that are empty and ready to be filled with various substances such as supplements, vitamins, herbs, and medication. These capsules can be made from various materials including gelatin, cellulose, and other plant-based materials.
The market for empty capsules has been growing in recent years due to the increasing demand for dietary supplements and other health products. Empty capsules are a convenient and easy way to deliver supplements and medication to consumers in a controlled and consistent manner.
The empty capsules market was estimated at US$ 2.64 billion in 2021 and is expected to grow at a CAGR of 7.22% during 2022-2028 to reach US$ 4.31 billion in 2028.
Gelatin capsules are the most commonly used type of empty capsule. They are made from a combination of gelatin and water, and are often used to encapsulate supplements and medication. They are also commonly used in the pharmaceutical industry, as they are easy to manufacture and have a long shelf life.
Vegetarian capsules are also gaining popularity, particularly among those who follow a vegetarian or vegan diet. These capsules are made from plant-based materials such as cellulose and hydroxypropyl methylcellulose (HPMC). They are also commonly used to encapsulate supplements and medication.
One of the major drivers of the empty capsules market is the growing demand for dietary supplements. In recent years, there has been an increased interest in natural and alternative health remedies, which has led to a surge in demand for dietary supplements. As a result, many supplement manufacturers are turning to empty capsules as a way to deliver their products to consumers.
Another factor driving the growth of the empty capsules market is the increasing use of capsule endoscopy. This is a non-invasive medical procedure that involves swallowing a small capsule that contains a camera. The camera takes pictures of the digestive tract as it moves through the body, allowing doctors to diagnose and treat a variety of gastrointestinal conditions. As the use of capsule endoscopy becomes more widespread, the demand for empty capsules is likely to increase.
However, there are also some challenges facing the empty capsules market. One of the biggest is the rising cost of raw materials. Gelatin, which is the main ingredient in most gelatin capsules, is derived from animal products. As a result, its price is subject to fluctuations based on supply and demand. This can make it difficult for manufacturers to keep their prices competitive.
Another challenge facing the empty capsules market is the growing concern over the environmental impact of single-use plastics. While gelatin capsules are biodegradable, they still contribute to the amount of waste produced by the supplement industry. As a result, some manufacturers are exploring more sustainable alternatives, such as vegetarian capsules made from plant-based materials.
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The empty capsules market is broken down geographically into geographies, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America has a sizable market share and is expected to maintain this trend over the forecast period. Because of the growing inclination for capsule-based nutraceutical formulations, the area maintains a significant share. Consumption of these nutraceuticals has increased since they help avoid significant health concerns such as obesity, cancer, and arthritis. Furthermore, because capsules are the most popular solid oral dose forms, there is a strong need for empty capsules in the nutraceutical industry in the region.
The overall competitive landscape has been affected due to major key factors. The following are the major players in the empty capsules market:
- ACG Worldwide
- Lonza Group AG
- HealthCaps India Ltd.
- Natural Capsules Limited
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
In conclusion, the empty capsules market is a growing industry that is expected to continue to expand in the coming years. The demand for dietary supplements and the increasing use of capsule endoscopy are two factors driving this growth. However, the rising cost of raw materials and concerns over the environmental impact of single-use plastics are also challenges that the industry will need to address in order to continue to grow and thrive.