According to Future Market Insights (FMI), the Hard Gelatin Capsules Market was valued at more than US$ 1.7 billion in 2021 and is expected to grow at a CAGR of nearly 6.4% during the forecast period (2022 to 2032).
Market Outlook:
| 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 |
| CAGR 2022-2032 | 6.4% |
| Market Share of Top 5 Countries | 58.1% |
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Shell suppliers manufacture and supply empty hard gelatin capsule shells to the pharmaceutical industry, which are then filled separately. Empty hard gelatin capsule shells are available in sizes ranging from 000 to 5, with 000 being the largest and 5 being the smallest.
Furthermore, unlike soft gels, hard gelatin capsules allow for combination filling, allowing the encapsulation of pharmaceuticals in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only allows for the combination of numerous incompatible pharmaceuticals in a single capsule, but also results in a formulation that is far more appealing to consumers.
The rising prevalence of noncommunicable diseases like cancer, diabetes, heart disease, and lung disorders has increased demand for nutraceuticals. As a result, key players have established their market positions by investing more in research and having a better distribution system.
Key Takeaways from Market Study
- In 2021, Type-B gelatin (animal bones and calf skin) will account for approximately 7% of the global market.
- Size “0” capsules are expected to have a dominant market share of 7% in the global market in 2021.
- Oral administration is the preferred route of administration in the global market, with a CAGR of 4% expected by 2032.
- Pharmaceutical companies are the dominant segment of the global market in terms of end users, with an estimated market share of about 1% in 2021.
- The United States is regarded as the most profitable market, accounting for a value share of 8% in North America in 2021.
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Market Competition
Increased vendor competition will stymie market expansion. The market is expected to be fragmented due to the presence of numerous brands as well as regional and local vendors. Furthermore, hard gelatin capsule suppliers are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates.
Increased competition is expected to have a negative impact on the global emergency medical service market growth during the focused period. The hard gelatin capsules industry is fragmented, with competitors employing both organic and inorganic growth techniques.
Want More Insights?
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.
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
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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