Advanced Empty Capsule Market is expected to reach worth US$ 1,856.1 Million, registering a CAGR of 7.4% by forecast 2033 end

The rising demand for halal-certified products from countries with Muslim populations is fueling the demand for advanced empty capsules. Increasing demand for customized capsules within the pharmaceutical and nutraceutical industry is bolstering market growth. Increasing demand for vegetarian-based capsule within pharmaceutical companies is accelerating production, providing lucrative growth opportunities for the manufacturers

/EIN News/ — NEWARK, Del, June 21, 2023 (GLOBE NEWSWIRE) — The Advanced Empty Capsule Market is predicted to be worth US$ 905.6 million in 2023 and is projected to register a CAGR of 7.4% by 2033. Demand initially expanded at a market CAGR of 7.3% between 2018 and 2022.

The projected growth of the Advanced Empty Capsule market is initially driven by the surging prevalence of chronic illnesses and an aging population. Moreover, the global market participants are likely to benefit from increased research and development efforts in the healthcare industry to enhance treatments.

Accelerated technological development and rising demand for in-home care surge the demand for Advanced Empty Capsules. Market revenue streams are likely to reach new heights when paired with other variables, like customized offerings.

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Market growth comes with several challenges; for instance, the global market is anticipated to be restrained by the restricted supply of raw materials needed to produce empty capsules.

During the projected period, the social stigma associated with raw materials originating from animals is also anticipated to impact sales of Advanced Empty Capsules.

Top Highlights by FMI’s Analysis:

  • By 2033, the Advanced Empty Capsule market in the United Kingdom is likely to expand, with a CAGR of 5.1%.
  • By 2033, the Advanced Empty Capsule market in Russia is likely to expand, with a CAGR of 7.3%.
  • The Advanced Empty Capsule was significantly expanding, with a size of US$ 844.2 million in 2022.
  • In 2022, Europe expanded in the global Advanced Empty Capsule business with a share of 67.5%.
  • In 2022, Germany expanded significantly in the Advanced Empty Capsule business, with an expected share of 21%.
  • By 2033, India is projected to expand significantly in the Advanced Empty Capsule, with a share of 7.9%.
  • In 2023, Australia is likely to develop significantly in the Advanced Empty Capsule sector, with an expected share of 11.9%.
  • In 2022, the oral capsules segment expanded in the market with a significant share of 89.43% and is expected to hold a top spot in the market regarding product type.
  • Based on the raw material, the animal source segment dominated the industry in 2022, with a share of 66.58%.

Competitor’s Winning Strategies:

Regional & local businesses and Advanced Empty Capsule start-ups are fiercely vying for market share and promoting innovation for sophisticated empty capsules. Constant quality control, product improvement, new launches, and strategic alliances are vital tactics these businesses use to keep themselves competitive. This is done to meet the rising demand for high-tech empty capsules worldwide.

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Key Developments in this Market:

  • In May 2022, Capsugel introduced a white firm gelatin capsule devoid of titanium dioxide (TiO2-free), which satisfies the need for such meals in the European Union.
  • The Sheung brand created EmboCaps® on June 21, 2019. A rigid capsule called the Embocaps®LP+ was designed primarily to store liquids and fine particles. Several gelatin, vegetarian, and delayed-release versions of the Embocaps® LP+ are available.

Major Players are:

  • Capsugel (Lonza)
  • ACG Worldwide
  • Medi-Caps Limited
  • Sunil Healthcare Limited
  • Roxlor LLC
  • CapsCanada Corporation
  • Suheung Co., Ltd.
  • Bright Pharma Caps
  • STERIS Plc
  • Fuji Capsule Co. Ltd.

Key Segmentation:

By Product Type:

  • Oral Capsules
    • Dry formulation
      • Immediate-release capsules
      • Delayed-release capsules
      • Time-delayed release capsules
      • Acid-resistant capsules
      • Enteric capsules
    • Liquid formulation
  • Inhalation Capsules

By Raw Material:

  • Animal Source
    • Contract Type-A (Pork Skin
    • Type-B Gelatin (Animal Bones & Calf Skin)
    • Fish Bone Gelatin
  • Vegetarian-based
    • HydroxyPropyl Methyl Cellulose (HPMC)
    • Starch
    • Pullulan

By Capsules Size:

  • Size “000” Capsules
  • Size “00” Capsules
  • Size “0” Capsules
  • Size “1” Capsules
  • Size “2” Capsules
  • Size “3” Capsules
  • Size “4” Capsules
  • Size “5” Capsules

By End User:

  • Pharmaceutical
  • Nutraceutical & Cosmetic
  • CROs
  • CMOS

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Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and Their Roles Producers Mid-Level Participants (Traders/ Agents/ Brokers) Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033

5.3.1. Oral Capsules Dry formulation Liquid formulation

5.3.2. Inhalation Capsules Gelatin HPMC Starch

5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033

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About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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Source: Over 62% of Advanced Empty Capsule Market Sales Concentrate in Pharmaceutical Industry: Future Market Insights Study

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