Middle East and Africa Empty Capsules Market

Middle East and Africa Empty Capsules Market Size and Growth Rate Analysis:

The Middle East and Africa Empty Capsules Market was estimated at USD 172 million in 2018 and is projected to reach USD 234 million by 2023, growing at a CAGR of 6 % from 2018 to 2023.

The heightened prevalence of the geriatric population and the associated chronic conditions exacts a high demand for the production of therapeutically-effective medicines to handle chronic health conditions. Capsules in the solid dosage forms are frequently preferred by the geriatric population due to the purposes like easy to swallow, faster dissolution times in relation to other oral dosage forms, and the decreased gastrointestinal irritation induced by these dosage forms.

Key Growth Driving Factors of Middle East and Africa Empty Capsules Market

Key circumstances responsible for the growth of the MEA market include the increasing geriatric population, the great demand for empty capsules in the pharmaceutical, nutraceutical, and cosmeceutical manufacturers, and the increasing consumer preference for capsules over tablets.

The capsules are preferred by most of the customers due to their fast disintegrating nature occurring in quicker absorption rates and the use of tasteless and unscented gelatin coating, which makes these capsules palatable. Most of the nutraceuticals and cosmeceuticals are favored in the capsule forms, so as cod liver oil capsules and CosmoPod capsules, respectively. Aforementioned benefits associated with capsule consumption are responsible for the huge demand for the empty capsules in the respective industries across the region.

On the Basis of Product, Gelatin Capsules Segment Expected to Dominate the MEA Market over the Forecast Period

Based on the product, the MEA empty capsules market is divided into gelatin capsules and non-gelatin capsules. Gelatin capsules are further divided into hard gelatin capsules (HGCs) and soft gelatin capsules (SGCs). The gelatin section dominated the market in 2017 and is anticipated to maintain this trend throughout the projection period. Gelatin has been the standard choice of raw material for the community of hard shell capsules that can effectively hold active pharmaceutical ingredients (APIs). Whereas, the non-gelatin capsules section are expected to grow at the fastest pace from 2018 to 2025. An improvement in demand for hydroxypropyl methylcellulose (HPMC) capsules is the main contributor to the robust CAGR of the non-gelatin capsules share in the regional market. Furthermore, a major shift in customer behavior has been observed toward the use of vegetarian capsules in modern years.

On the Basis of Therapeutic Application, Antibiotic & Antibacterial Drugs Segment Expected to Dominate Market

Based on therapeutic application, the market is segmented into antibiotic & antibacterial drugs, cardiac therapy drugs, vitamin & dietary supplements, antacids & anti-flatulent preparations, and other applications. The antibiotic & antibacterial drugs section dominated the market in 2017 and is expected to continue this dominance throughout the forecast period. Nevertheless, the vitamin & dietary supplements segment is anticipated to grow at the fastest pace throughout the forecast period. Consumption of antibiotics has considerably improved in recent years. Increasing consumption of antibiotics, each prescription or over-the-counter, has resulted in continuous use of antibiotics for the treatment of ailments across the MEA.

On the Basis of End User, Nutraceutical Industry Segment Predicted to Register a Decent CAGR over the Forecast Period

Based on end user, the empty capsules market is divided into the cosmetic industry, pharmaceutical industry, nutraceutical industry, and research laboratories. The nutraceutical industry segment is anticipated to witness the highest CAGR during the forecast period. The growing demand for nutraceutical products to prevent the occurrence of lifestyle-associated diseases (such as obesity, arthritis, cholesterol, high blood pressure, and diabetes) is supporting the growth of this segment. By 2024, the vitamins and dietary supplements section is expected to emerge as the quickest growing category during the forecast period.

In 2015, the pharmaceutical industries division accounted for the largest revenue share. The capsules are the most favored solid dosage forms attributable to several reasons, such as greater palatability and a faster absorption rate, which accounts for the highest demand of these empty capsules in the pharmaceutical industry for the processing of a plethora of chronic and infectious diseases.

Geographic Insights of Middle East and Africa Empty Capsules Market:

Geographically the MEA infusion pumps market is divided into Saudi Arabia, UAE, Egypt, South Africa, Nigeria Rest of MEA. The empty capsules market in the MEA is expected to witness the highest CAGR during the projection period. The presence of many capsule manufacturers in UAE and Nigeria, growth in the pharmaceutical and nutraceutical industries, the relatively less stringent laws in the nutraceutical industry in this region, and growing focus on generics, and rising healthcare awareness are anticipated to drive the adoption of these capsules in the MEA.

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

• ACG Worldwide
• Bright Pharma Caps Inc.
• Lonza Group Ltd. (Capsugel)
• Medi-Caps Ltd.
• CapsCanada Corporation
• Mitsubishi Chemical Holdings Corporation (Qualicaps, Inc.)
• Suheung Co., Ltd
• Roxlor LLC
• Snail Pharma Industry Co. Ltd
• Sunil Healthcare Ltd.
• Patheon Ltd.
• JC Biological Technologies
• Nectar Lifesciences Ltd.
• Natural Capsules Ltd.
• Healthcaps India Limited
• HTC Group Limited
• Zhejiang Huili Capsules Co., Ltd.
• Nanjing Saturn Pharmaceutical Technology Co., Ltd.

This research report includes following segmentation for the Middle East and Africa Empty Capsules Market size and forecast 2023

Based on Product

• Gelatin Capsules

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

• Non-Gelatin Capsules

Based on therapeutic application

• Antibiotic & antibacterial drugs
• Cardiac therapy drugs
• Vitamin & dietary supplements
• Antacids & anti-flatulent preparations
• Other

Based on end user

• Cosmetic industry
• Pharmaceutical industry
• Nutraceutical industry
• Research laboratories.

Middle East and Africa Empty Capsules Market - By Region

Middle East and Africa                                                                              

• Middle East
• Africa