North America Empty Capsules Market

What is the Size of North America Empty Capsules Market?

As per the recent market research reports, In 2018, the North America market for empty capsules was estimated at USD 580 million and is expected to grow at a CAGR of 5% from 2018 to 2025, reaching USD 769 million by 2023. Capsules are relatively stable casings containing encapsulating agents that are administered in a variety of dosage forms.

Growth Drivers, Challenges and Opportunities - North America Empty Capsules Market

North America empty capsules market demand is mainly driven by the aspects such as 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: 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, etc. 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 North America.

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. Although the possibility of profits in the empty capsule market are quite less, the company must respond to the need for stronger regulation and initial investments in R&D and manufacturing facilities.

Geographical Insights of North America Empty Capsules Market

In 2018, North America recorded a 39.6% share of revenues with the proliferation of health and functional foods and cosmetics industries and growing consumer awareness of nutritional products in the region. The health trend observed in the North American market is the main reason for this expansion. As these nutraceuticals help prevent major health problems such as obesity, cancer and arthritis, the consumption of these nutraceuticals increases. Capsules being the preferred solid oral dosage form, there is a strong demand for empty capsules in the functional food industry in this region. The USA and Canada are the most significant contributing nations in the North American region.

Some of the promising companies leading the North America Empty Capsules Market:

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

This research report includes following segmentation for the North America Empty Capsules Market size and forecast 2018 - 2025

North America Empty Capsules Market - By Product

• Getalin Capsules

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

• Non-Gelatin Capsules

North America Empty Capsules Market - By Functionality

• Sustained Release Capsule
• Immediate Release Capsule
• Delayed Release Capsule

North America Empty Capsules Market - By Application

• Dietary Supplements
• Antacid and Antiflatulent Preparations
• Antibiotic and Anti-Bacterial Drugs
• Anti – Inflammatory Drugs
• Cough and Cold Drugs

North America Empty Capsules Market - By Therapeutic

• Antibiotics and Antimicrobials
• Vitamins and Dietary Supplements
• Antacids and Anti-Obesity Agents
• Cardiac Therapies and Other Applications

North America Empty Capsules Market - By End User

• Cosmetic Industry
• Research Laboratories
• Pharmaceutical Industry

North America Empty Capsules Market – By Region

• United States
• Canada