The report "Empty Capsules Market by Type (Gelatin, Non-gelatin), Functionality (Immediate-release, Sustained-release, Delayed Release), Therapeutic Application, End User (Pharmaceutical, Nutraceutical, Cosmetic, Reference Laboratories) - Global Forecast to 2028" ,size is projected to reach USD 4.9 billion by 2028 from 3.2 billion in 2023, at a CAGR of 9.3% during the forecast period. Factors such as rising RD activities in empty capsules and increasing use of nutraceuticals are driving the growth of this market. However, dietary restrictions and cultural practices are the major factors restraining the growth of this market.
Get a Sample PDF of report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=218018190
The global market for empty capsules is on the rise due to the increasing demand for pharmaceutical products, dietary supplements, and nutraceuticals in the healthcare industry. Empty capsules provide a convenient way for consumers to take supplements and medication without the bothersome process of having to measure and mix the powder with water or other liquids.
The market for empty capsules is expected to grow significantly over the next few years due to the increasing demand for personalized medicines, herbal and dietary supplements, and other nutraceuticals. This growth is attributed to the growing awareness of the benefits of consuming dietary supplements.
The global market for empty capsules is expected to experience significant growth in the coming years, driven by the increasing demand for pharmaceuticals, dietary supplements, and nutraceuticals. It is important for manufacturers to invest in quality control and ensure their products meet industry standards for maximum customer satisfaction.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=218018190
Key Market Players
The prominent players operating in the empty capsules market are Capsugel (US), ACG Worldwide (India), Qualicaps (US), CapsCanada Corporation (Canada), Suheung Co. Ltd. (Korea), and Natural Capsules (India).
Capsugel (US)
Capsugel (US) is one of the leading players in the empty capsules market in 2022. The company’s leading position is attributable to its diversified product portfolio, strong geographic presence, and adoption of organic and inorganic growth strategies. The company has focused on new product launches, to maintain its leading position in the empty capsules market.
ACG Worldwide (India)
ACG Worldwide is one of the leading players in the empty capsules market. It offers specialty empty hard capsules. The company has a wide geographical footprint and is further expanding its network across the globe. The company has focused on launches of new products in various sizes customization options to increase the share in empty capsules market.
Asia Pacific is likely to grow at double digit growth rate during the forecast period.
The Asia Pacific region is estimated to grow at the highest CAGR in the empty capsules market during the forecast period, this is mainly due to the growth in Asian pharmaceutical markets and their manufacturing capacities. Moreover, fast growing RD infrastructure alongwith large number of scientific talent in the countries of this region is likely to boost the market. Also, growing generic drug manufacturing in the region is attracting several foreign investors in the market.
Recent Developments
- In May 2022, Capsugel launched Titanium dioxide-free (TiO2-free) white hard gelatin capsule, which meets the demand of titanium dioxide-free for foods in the European Union.
- ACG launched a global nutraceutical campaign ‘ACG loves nothing’ to promote problem free nutraceutical production and bring attention to the company’s intention to develop high quality capsules for pharmaceutical and nutraceutical industry.
- ACG launched ACGcaps NTone and ACGcaps TSafe range of capsules for the nutraceutical market.
Direct Purchase Empty Capsules Market Research Report Now @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=218018190
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
