Asia Pacific Empty Capsules Market

Asia Pacific Empty Capsules Market Size

As per recent market reports, In 2018, the Asia Pacific market for empty capsules was estimated at the US $ 297.95 million and is expected to grow at a CAGR of 12.1% from 2018 to 2025, reaching the US $ 527.45 million by 2025. Capsules are relatively stable casings containing encapsulating agents that are administered in a variety of dosage forms.

Growth Opportunities, Challenges and Restraints of Asia Pacific Empty Capsules Market:

The main factors responsible for growth in the Asia Pacific market are the increase in the elderly population, the increased demand for empty capsules in the pharmaceutical, functional foods and cosmetics industries and the increased preference of consumers for capsules to be refined. Chronic diseases associated with increasing numbers of older adults place high demands on the production of therapeutically effective drugs to treat chronic diseases. Capsules in solid form are mainly preferred by the elderly population for the following reasons as they are easy to swallow and reduce the faster dissolving times and gastrointestinal stimulation caused by these galenic forms compared to other oral dosage forms.

Most consumers prefer capsules because of their rapid rate of degradation, which speeds up their absorption and uses a tasteless, odorless gelatin coating. These capsules are delicious. Most of the nutraceuticals and cosmeceuticals are preferred in capsular form, such as cod liver oil capsules and Cosmo Pod capsules, respectively. The aforementioned benefits associated with capsule consumption are high in the regional demand for empty capsules in the pharmaceutical, functional food and cosmetic industries.

However, rising commodity prices and cultural and religious issues related to the consumption of capsules containing inactive ingredients of animal origin such as pork capsules and bovine gelatin envelopes limit the growth of this market. In addition, ethical concerns, price fluctuations of gelatinous raw materials and stringent regulations in the pharmaceutical industry are expected to hamper market growth.

In addition, in a mass market like India, where the vast majority of vegetarian consumers are negatively aware of animal gelatin, companies will have to deal with the need to tackle the problems by putting more emphasis on non-pesticide capsules. Overall, there is a clear increase in demand for soft gelatin capsules worldwide, and it is wise to find a way to develop in this region. Nevertheless, as pharmaceutical companies invest more in underdeveloped countries, there are opportunities for market expansion. There is no possibility of profitability in the market, but the company must respond to the need for stronger regulation and initial investments in R&D and manufacturing facilities.

Geographical Insights of Asia Pacific Empty Capsules Market

The Asia-Pacific region is expected to post a maximum average annual growth rate of 7.9% per annum over the forecast period. Key factors include the proliferation of the pharmaceutical industry in the region, government initiatives to develop medical infrastructure, including the pharmaceutical manufacturing industry, increased demand for nutrients and cosmetics due to the increased awareness of welfare trends of these empty capsules, promote overall market growth.

Few of the leading companies dominating the Market profiled in the report are

• Bright Pharma Caps Inc.
• ACG Worldwide
• Qingdao Yiqing Medicinal Capsules Co. Ltd.
• Shanxi Guangsheng Medicinal Capsules Co Ltd.
• Roxlor
• Suheung Co., Ltd.
• Capscanada Corporation
• Sunil Healthcare Ltd.
• Qualicaps
• Capsugel
• Healthcaps India Ltd.
• Snail Pharma Industry Co. Ltd.
• Natural Capsules Limited
• Medi-Caps Ltd.
• Nectar Lifesciences Ltd.

This research report includes following segmentation for the Asia Pacific Empty Capsules Market size and forecast 2025

Asia Pacific Empty Capsules Market – By Product

• Gelatin Capsules

  • Hard Gelatin Capsules (HGC)
  • Soft Gelatin Capsules (GSC)

• Non-Gelatin Capsules

Asia Pacific Empty Capsules Market - By Source

• Pork
• Beef
• Bone
• HPMC
• Others

Asia Pacific Empty Capsules Market – By End User

• Cosmetic Industry
• Research Laboratories
• Pharmaceutical Industry

Asia Pacific Empty Capsules Market - By Region

• China
• India
• Japan
• South Korea