Enteric Empty Capsules Market
Enteric Empty Capsules Market - Global Industry Assessment & Forecast
- By Product Gelatin Type, HPMC Type, Vegetable Type
- By Application Antacid and Antiflatulent Preparations, Antibiotic and Antibacterial Drugs, Others
- By End-Use Pharmaceutical, Health Supplements, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 74.56 Million|
|Revenue 2030:||USD 223.37 Million|
|Revenue CAGR (2023 - 2030):||14.70%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
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Enteric Empty Capsules Market: By Product, Application, End-Use and Region
Global Enteric Empty Capsules market is valued at USD 74.56 Million in 2022 and is projected to attain a value of USD 223.37 Million by 2030 at a CAGR of 14.70% during the forecast period, 2022–2028. The growing usage of capsule formulations among the growing elderly population, the growth of the pharmaceutical market, increased R&D efforts and clinical trial studies, and innovations in capsule delivery methods are all driving the overall growth of the Enteric Empty Capsules market. Emerging markets are projected to create considerable potential for participants because to their low manufacturing costs. The creation of halal gelatin and vegetarian capsules are two further areas of possibility.
Enteric Empty Capsules Market Size, 2022 To 2030 (USD Million)
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As the Coronavirus (COVID-19) pandemic extends its long shadow over the global economy, the world is confronting a health and economic depression. Complete lockdowns in numerous nations have imposed a strain on a wide range of enterprises, causing a shift in activities such as vendor operations, supply chain management, and product promotion, either directly or indirectly. The pandemic is anticipated to affect the business margins of empty capsule makers as the number of verified cases of COVID-19 continues to climb dramatically.
Rise in Base of Geriatric Population and Growing Incidence of Sepsis Among the Elderly Population
Acid-resistant coated Enteric Empty Capsules travel past the mouth and stomach without dissolving and are instantly destroyed in the intestine. The capsules are only activated when they reach a pH of 5.5 or higher, and it takes one or two hours for them to dissolve. Increased prevalence of various health conditions among the elderly population, rising demand for vegetarian-based empty capsules, increased clinical trials and research, and pharmaceutical companies' increased focus on improving gastric tolerance of these capsules are some of the major factors driving the Enteric Empty Capsules market forward. The prevalence of diseases among the elderly has risen steadily over time.
High Cost of Treatment
Despite the fact that gelatin is a ubiquitous ingredient in capsule production, many cultures around the world do not prefer animal-based capsules. In addition, the growing popularity of vegetarian diets is likely to stifle worldwide market growth in the future years. The high cost of manufacture and limited availability of gelatin are projected to have an impact on the worldwide enteric empty capsules market's growth over the forecast period.
Global Enteric Empty Capsules market is segmented on the basis of Product into Gelatin Type, HPMC Type and Vegetable Type. Based on Application, into Antacid and Anti-flatulent Preparations, Antibiotic and Antibacterial Drugs and Others. By End Use, into Pharmaceutical, Health Supplements and Others. Based on region, the Enteric Empty Capsules market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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North America to Continue Dominating the Enteric Empty Capsules Market
In the global enteric empty capsules market, North America is estimated to account for the greatest revenue share. The availability of sophisticated empty capsules, as well as the existence of major manufacturers and pharmaceutical businesses that use these enteric empty capsules, are all contributing to the region's market growth.
Over the forecast period, sales growth in Asia Pacific is expected to be the fastest. Global market expansion is being fueled by factors such as the presence of a large geriatric population, a growing preference for lifestyle diseases, and the introduction of enteric empty capsules.
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Key players operating in the Enteric Empty Capsules market are: Capsugel (US), ACG Worldwide (India), Qualicaps (US), Suheung Co. Ltd. (Korea), CapsCanada Corporation (Canada), Qingdao Yiqing Medicinal Capsules Co., Ltd. (China), Shanxi Guangsheng Medicinal Capsules Co., Ltd. (China), Healthcaps India Ltd. (India).
The Enteric Empty Capsules market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
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The Enteric Empty Capsules market scope can be tabulated as below:
Frequently Asked Question
What is the global demand for Enteric Empty Capsules in terms of revenue?
The global Enteric Empty Capsules valued at USD 74.56 Million in 2022 and is expected to reach USD 223.37 Million in 2030 growing at a CAGR of 14.70%.
Which are the prominent players in the market?
The prominent players in the market are Capsugel (US), ACG Worldwide (India), Qualicaps (US), Suheung Co. Ltd. (Korea), CapsCanada Corporation (Canada), Qingdao Yiqing Medicinal Capsules Co., Ltd. (China), Shanxi Guangsheng Medicinal Capsules Co., Ltd. (China), Healthcaps India Ltd. (India)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 14.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Enteric Empty Capsules include
- Rise in Base of Geriatric Population and Growing Incidence of Sepsis Among the Elderly Population
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Enteric Empty Capsules in 2022.