The Global Hard Gelatin Capsules Industry is expected to experience a significant surge, reaching a projected valuation of US$3.2 billion by 2032. This growth is attributed to a robust Compound Annual Growth Rate (CAGR) of 6.4% over the next decade. In 2022, the market held a valuation of US$1.7 billion.
Hard gelatin capsules, recognized as a pivotal oral dosage form, have played an instrumental role in delivering a diverse range of supplements. From essential minerals to life-saving medications, vitamins, and various health-enhancing compounds, these capsules have become indispensable in the realm of modern pharmaceuticals. Originally designed as single-dose formulations for administering powdered or granulated medications, they have evolved into a cornerstone of pharmaceutical innovation.
The landscape of capsule-based drug delivery systems has witnessed a transformative renaissance, driven by the innovative introduction of pellet technology. This breakthrough allows for the integration of multi-particulate drug delivery within the capsule, leading to a paradigm shift in therapeutic efficacy.
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Liquid-filled hard gelatin capsules have emerged as a compelling alternative to their soft gelatin counterparts. Many industry players have adopted liquid encapsulation technology previously associated with soft gels. Formulation experts are revisiting two-piece hard gelatin capsules as a viable substitute for soft gels, positioning them for greater use and innovation in the pharmaceutical field.
The gelatin on hard caps makes it simpler for consumers to swallow at the time of safeguarding active ingredients in a capsule from light, oxygen, and dust.
The good part is that empty capsules could be sold to the brand owners who would fill them with nutrition or drugs. Plus, providers of gelatin provide Kosher and Halal certifications for several gelatin varieties for catering to consumers’ needs.
However, the fact that hard gelatin capsule shells are prone to gelatin’s cross-linking; could, in turn, result in all the more mutable rates to render in-vitro dissolution. Though the issue could be resolved by adding proteolytic enzymes to the dissolving medium, but comes with complications; which results in very few regulatory bodies approving it.
Future Market Insights has entailed these facets with future prospects in its latest market study entitled ‘Global Hard Gelatin Capsules Industry’. It has its team of analysts and consultants to execute using a bottom-up approach in its primary, secondary, and tertiary modes of research.
“Oral administration is expected to be the major revenue generator of the Global Hard Gelatin Capsules Industry going forward”, says an analyst from Future Market Insights.
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Key Takeaways from the Global Hard Gelatin Capsules Industry
- North America holds the largest market share with the US being subject to extensive research being conducted due to funds backed by the government.
- Europe holds the second-largest market share with Germany leading from the front. This could be reasoned with regulated manufacturing as well as development of the nutraceuticals through new modes of drug delivery.
- The Asia-Pacific is expected to grow at the fastest rate in the Global Hard Gelatin Capsules Industry. This could be credited to China dominating the market. It is coming through as a production hub for various pharmaceutical products. Thus high-functioning manufacturing units are coming up with contract manufacturing.
Competitive Global Hard Gelatin Capsules Industry
- Medicaps, in March 2022, did gain RERA’s (Real Estate Regulatory Authority’s) permission for the Medicaps Business Park project.
- Suheung America Corporation has its EMBO CAPS VG-ALPHA medication delivery device (an empty vegetarian capsule focusing on the pharmaceuticals vertical).
What does the Report say?
- The research study is based on source (type-A (pork skin), Type-B gelatin (animal bones & calf skin), and fish bone gelatin), 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), route of administration (oral administration and inhalation administration), and end-user (pharmaceutical companies, cosmetics & nutraceutical companies, and CROs & CDMOs).
- With the fact that hard gelatin capsules demonstrate exceptional protection against oxidation, the Global Hard Gelatin Capsules Industry is expected to grow on a good count in the forecast period.
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Global Hard Gelatin Capsules Industry Key Companies Covered:
- 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.
- NLL – Nectar Lifesciences Ltd.
- Natural Capsules
- ERAWAT PHARMA
Key Segments Covered in Global 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
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By Route of Administration:
- Oral Administration
- Inhalation Administration
By End User:
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- CROs & CDMOs
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
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 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 stands as 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 vast 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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