The global hard gelatin capsules market is expected to reach US$ 3.2 Bn by the end of 2032, with sales revenue expected to register at 6.4% CAGR.
12/26/2022, Newark // Future Market Insights, Inc. //
[300 Pages Report] As per Future Market Insights (FMI), the hard gelatin capsules market was valued at over US$ 1.7 Bn in 2021, and is expected to exhibit a CAGR of close to 6.4% over the forecast period (2022-2032).
|Data Points||Market Insights|
|Hard Gelatin Capsules Market Value 2021||US$ 1.7 Bn|
|Market Value 2022||US$ 1.7 Bn|
|Market Value 2032||US$ 3.2 Bn|
|Market Share of Top 5 Countries||58.1%|
Shell suppliers create and supply empty hard gelatin capsule shells to the pharmaceutical sector, which are then filled in a separate operation. Empty hard gelatin capsule shells are available in a series of sizes encompassing from 000 to 5, with 000 as the largest and 5, the smallest.
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Further, hard gelatin capsules allow for combination filling, unlike soft gels, allowing for the encapsulation of pharmaceuticals in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only permits numerous incompatible pharmaceuticals to be combined in a single capsule but also results in a formulation that is far more appealing to consumers.
Increasing prevalence of non-communicable diseases such as cancer, diabetes, heart disease, and lung disorders has surged the demand for nutraceuticals. Hence, key players have established their positions in the market by investing more in research and having a better distribution system.
Key Takeaways from Market Study
- Type-B gelatin (animal bones & calf skin) as a source holds an approximate market share value of 7%of the global market in 2021.
- By size, size “0” capsules are expected to hold a dominant market share value of 7% in 2021 in the global market.
- Oral administration is displayed as a preferred route of administration in the global market with CAGR growth value expected to reach 4% by 2032.
- Pharmaceutical companies are the dominant segment in terms of end users within the global market, carrying an estimated market share value of about1% in 2021.
- The U.S. is considered to be the most lucrative market, accounting for a value share of 8% in 2021 in North America.
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Market expansion will be hampered by increasing vendor competition. With the presence of numerous brands and regional and local vendors, the market is expected to be fragmented. Furthermore, suppliers in the hard gelatin capsules industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates.
During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The hard gelatin capsules industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.
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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The hard gelatin capsules market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the hard gelatin capsules market segment based on source – (Type-A (pork skin), Type-B gelatin (animal bones & calf skin), and fish bone gelatin), by size (size “000” capsules, size “00” capsules, size “0” capsules, size “1” capsules, size “2” capsules, size “3” capsules, size “4” capsules, and size “5” capsules), by route of administration (oral administration and inhalation administration), by end user (pharmaceutical companies, cosmetic & nutraceutical companies, and CROs & CDMOs), across seven key regions over the globe.
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Key Players :
- ACG Worldwide
- Qualicaps, Inc. – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- Sunil Healthcare Ltd.
- CapsCanada Corporation / Farmacapsulas
- Roxlor LLC
- Suheung Co., Ltd. – EmboCaps
- Medi-Caps Ltd.
- NLL – Nector Lifesciences Ltd.
- Natural Capsules
- ERAWAT PHARMA
- Dah Feng Capsule – Biocaps
- Lefan Capsule
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- SHANXI GUANGSHENG MEDICINAL CAPSULE
- HEALTH CAPS INDIA
- COMED CHEMICALS
- FORTCAPS HEALTHCARE
- SHAOXING ZHONGYA CAPSULE
- SHREE PHARMA CAPS
- SHAOXING KANGKE CAPSULE
- ZHEJIANG YUEXI CAPSULE
- SAVIOUR CAPS
- Chemcaps Ltd.
- Anhui Huangshan Capsule
- Jiujiang Angtai Capsule Co.,ltd
- MEIHUA Group
- Yili Capsule
- Xinchang Kangdi Capsule Co.,Ltd.
Key Market Segments Covered in Hard Gelatin Capsules Industry Research
- Type-A (Pork Skin)
- Type-B Gelatin (Animal Bones & Calf Skin)
- Fish Bone Gelatin
- Size “000” Capsules
- Size “00” Capsules
- Size “0” Capsules
- Size “1” Capsules
- Size “2” Capsules
- Size “3” Capsules
- Size “4” Capsules
- Size “5” Capsules
By Route of Administration:
- Oral Administration
- Inhalation Administration
By End User:
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- CROs & CDMOs
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Original Source of the original story >> The global hard gelatin capsules market is expected to reach US$ 3.2 Bn by the end of 2032, with sales revenue expected to register at 6.4% CAGR.
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