Lucintel's latest market report analyzed that empty capsule provides attractive opportunities in the pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories. The empty capsule market is expected to reach $4.1 billion by 2028 with a CAGR of 7.7%. In this market, gelatin capsule is the largest segment by product type, whereas pharmaceutical industry is largest by end use industry.
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Based on product type, the empty capsule market is segmented into gelatin capsules and non-gelatin capsules. The gelatin capsules segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for immediate-release capsules by manufacturers for production of medical products, such as antibiotics, inhalers, pain relievers, and dietary supplements.
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The Empty Capsule Market is marked by the presence of several big and small players. Some of the prominent players offering empty capsule include Capsugel, ACG, Qualicaps, Suheung, CapsCanada, and Qingdao Yiqing.
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