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Empty Capsules Market - Forecasts from 2019 to 2024

  • ID: 4801683
  • Report
  • 120 pages
  • Knowledge Sourcing Intelligence LLP
1 of 4


  • ACG Worldwide
  • Bright Pharma caps Inc.
  • Capscanada Corporation
  • Capsugel
  • HealthCaps India Ltd.
  • Medi-Caps Ltd.
  • MORE
The empty capsules market is estimated to witness a CAGR of 6.50% to reach US$2,255.347 million in 2024 from US$1,545.527 million in 2018. Increasing adoption of unhealthy lifestyles by consumers around the globe has led to a growing demand for nutraceuticals, which is expected to be a key factor responsible for driving global empty capsules market over the forecast period. The technological advancements in capsule industry coupled with rising investments in R&D activities are further expected to propel the market growth.

The increasing geriatric population along with rising health consciousness among the millennials is anticipated to fuel the market for empty capsules. Additionally, rising sports industry coupled with increasing consumption sports nutrition products is anticipated to widen up the growth opportunities for the empty capsules market during the forecast period. However ethical concerns in the developing countries like India and stringent regulation in the pharmaceutical industry are expected to restrain the market growth.

The empty capsules market has been segmented on the basis of Type, end user, and geography. In the type segment, gelatin capsules are expected to hold a major market share on account of quick drug release and anti-oxidation property. By end user, the pharmaceutical sector is projected to grow at a significant rate owing to the growing prevalence of diseases and increased investment for R&D activities by public and private players. Geographically, Asia-Pacific is projected to be a dominant region during the forecast period owing to the rising disposable income leading to rising health expenditure coupled with the low cost of material and labor is further expected to attract major manufacturers in the region.


Growing pharmaceutical industry.

Increasing geriatric population.


Stringent government regulations.

The major players profiled in the empty capsules market include Suheung Co Ltd., ACG Worldwide, Capsugel, Bright Pharma caps Inc., Medi-Caps Ltd., Snail Pharma Industry Co., Ltd., Capscanada Corporation, Qualicaps, and Roxlor LLC among others.


The empty capsules market has been analyzed through the following segments:

By Product
  • Gelatin Capsules
  • Non-Gelatin Capsules
By End User
  • Nutraceuticals Industry
  • Pharmaceutical Industry
  • Cosmetics Industry
  • Research Laboratories
By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Others
Note: Product cover images may vary from those shown
2 of 4


  • ACG Worldwide
  • Bright Pharma caps Inc.
  • Capscanada Corporation
  • Capsugel
  • HealthCaps India Ltd.
  • Medi-Caps Ltd.
  • MORE
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2.1. Research Design
2.2. Secondary Sources


4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5.1. Gelatin Capsules
5.2. Non-Gelatin capsules

6.1. Nutraceuticals Industry
6.2. Pharmaceutical Industry
6.3. Cosmetics Industry
6.4. Research Laboratories

7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.4.2. Israel
7.4.3. Others
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others

8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players

9.1. Suheung Co Ltd.
9.2. ACG Worldwide
9.3. Capsugel
9.4. Bright Pharma caps Inc.
9.5. Medi-Caps Ltd.
9.6. Snail Pharma Industry Co. Ltd.
9.7. Capscanada Corporation
9.8. Qualicaps
9.9. Roxlor
9.10. Natural Capsule Ltd.
9.11. Nectar Lifesciences Ltd.
9.12. HealthCaps India Ltd.
Note: Product cover images may vary from those shown
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4 of 4
  • Suheung Co Ltd.
  • ACG Worldwide
  • Capsugel
  • Bright Pharma caps Inc.
  • Medi-Caps Ltd.
  • Snail Pharma Industry Co. Ltd.
  • Capscanada Corporation
  • Qualicaps
  • Roxlor
  • Natural Capsule Ltd.
  • Nectar Lifesciences Ltd.
  • HealthCaps India Ltd.
Note: Product cover images may vary from those shown
5 of 4

The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.