Hard Gelatin Capsules Market Future Innovation Ways, Growth & Profit Analysis, Forecast By 2032
The Hard Gelatin Capsules Market is expected to grow at a CAGR of 6.4% between 2022 and 2032. According to the study, the oral administration segment held a sizable market share in the global market, accounting for approximately 88.5% of the market value in 2021.
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 about 1% 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.
Market Competition
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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Key Players :
- ACG Worldwide
- Lonza-Capsugel
- Qualicaps, Inc.
– MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- Sunil
Healthcare Ltd.
- CapsCanada Corporation
/ Farmacapsulas
- Roxlor LLC
- Suheung Co.,
Ltd. – EmboCaps
- Medi-Caps Ltd.
- Others
Key Market Segments Covered in Hard Gelatin Capsules Industry Research
By Source:
- Type-A (Pork
Skin)
- Type-B Gelatin
(Animal Bones & Calf Skin)
- 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
- 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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