Empty Capsules Market Analysis and Comparison by end-user To 2024 “The global Empty Capsules Market was estimated at USD 1.34 billion in 2015 and is expected to grow at a significant CAGR over the forecast period. The major factors impelling the market growth are increasing adoption rate of capsules when compared to tablets, rising demand of empty capsules in cosmeceutical, nutraceutical and pharmaceutical industries and growing geriatric population.”
Industry Insights The global Empty Capsules Market was estimated at USD 1.34 billion in 2015 and is expected to grow at a significant CAGR over the forecast period. The major factors impelling the market growth are increasing adoption rate of capsules when compared to tablets, rising demand of empty capsules in cosmeceutical, nutraceutical and pharmaceutical industries and growing geriatric population. Capsule- based formulations are more popular among the aged population, owing to benefits like faster dissolution time as compared to the other oral dosage forms, capsules make swallowing easier for patients, moreover, the gastrointestinal irritation caused by capsules is comparatively less than other dosage forms. These aforementioned benefits associated with capsules are likely to boost the market growth over the forecast period. However, the religious and cultural issues arising due to use of animal derivatives, such as bovine and porcine gelatin capsules and growing prices of raw materials, are expected to hinder the market growth over the forecast period. Product Insights According to the product type, empty capsules market is categorized into non-gelatin and gelatin capsules. In 2015, the gelatin capsules segment accounted for the largest market share and is anticipated to maintain its dominant position over the forecast period owing to the increase in use of gelatin capsules for formulating novel drug delivery systems and easy availability of gelatin for manufacturing purpose.
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