The Hard Gelatin Capsules Market is experiencing a steady rise, with a projected value of USD 3.2 billion by 2032. This represents a significant growth from the current market value of USD 1.7 billion in 2021, fueled by a Compound Annual Growth Rate (CAGR) of 6.4%.
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, as the smallest.
Furthermore, unlike soft gels, hard gelatin capsules allow for combination filling, allowing the encapsulation of medications in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only allows for the combination of several incompatible medications in a single capsule but also results in a formulation that is significantly more attractive to customers.
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The rising prevalence of noncommunicable illnesses including cancer, diabetes, heart disease, and lung ailments has increased demand for nutraceuticals. As a result, significant firms have solidified their market positions by investing more in research and having a superior distribution system.
Key Takeaways from the Hard Gelatin Capsules 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.
Hard Gelatin Capsules 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 hurt 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.
Hard Gelatin Capsules Market 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 Segments Covered in Hard Gelatin Capsules Market 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
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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