Hard Gelatin Capsules Market is expected to reach a valuation of US$ 3.2 Billion, with sales revenue 6.4% CAGR through 2032 | FMI Study

The Hard Gelatin Capsules Market is expected to develop at a CAGR of 6.4% between 2022 and 2032. According to the analysis, the oral administration segment maintained a sizable market share in the worldwide industry, accounting for over 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.

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 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.

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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.

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

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