Empty Capsules Market to Grow at a CAGR of 7.2% to 2021 Led by Gelatin Capsules Segment

The global empty capsules market is to hit USD 2.13 billion by 2021, rising at a CAGR of 7.2% during the forecast period driven by the factors such as rising applications in the pharmaceutical and nutraceutical industries and growing consumer preference towards capsule-based formulations.

The global empty capsules market is estimated to reach USD 2.13 billion by 2021, growing at a CAGR of 7.2% during the forecast period (2016–2021). The factors driving this market are rapidly increasing aging population, growing consumer preference towards capsule-based formulations, and rising applications in the pharmaceutical and nutraceutical industries. On the other hand, factors such as rising raw material prices of empty capsules, stringent regulatory frameworks, and religious as well as cultural practices are hindering the growth of this market to a certain extent. However, the growing demand for non-gelatin-based capsules and the rapidly expanding pharmaceutical industry in emerging countries such as India and China offer significant growth opportunities for players in this market.

Complete report on global empty capsules market spread across 138 pages, profiling 10 companies and supported with 111 tables and 37 figures is now available at http://www.rnrmarketresearch.com/squalene-market-by-source-animal-vegetable-by-end-user-industry-cosmetics-pharmaceuticals-food-industry-global-trends-forecasts-to-2019-market-report.html .

This report segments the empty capsules market on the basis of products, therapeutic applications, end users, and regions.

The therapeutic applications segment is further categorized into antibiotic and antibacterial drugs, vitamins and dietary supplements, antacid and ant flatulent preparations, anemic preparations, anti-inflammatory and anti-rheumatic drugs, cardiac therapy drugs, cough and cold preparations, and other therapeutic applications. In 2015, the antibiotic and antibacterial drugs segment held the largest share in the global empty capsules therapeutic applications market.

Based on end users, the market is further segmented into the pharmaceutical industry, nutraceutical industry, cosmetics industry, and research laboratories. The pharmaceutical industry accounted for the largest share of the empty capsules market in 2015.

The key players in this market are ACG Worldwide (India), Capsugel (U.S.), CapsCanada Corporation (Canada), Qualicaps, Inc. (U.S.), Suheung Co., Ltd. (Korea), Medi-Caps Ltd. (India), Roxlor LLC (U.S.), Bright Pharma Caps (U.S.), Snail Pharma Industry Co., Ltd. (China), and Sunil Healthcare Ltd.(India). Ask for the discount before order a copy of Empty Capsules Market by Product (Gelatin (Porcine, Bovine, Bone Meal), Non-Gelatin (HPMC, Pullulan)), Application (Antibiotics, Vitamins, Anti-Inflammatory, Ant anemic) & End User (Pharmaceutical, Nutraceutical, Cosmetics) - Global Forecast to 2021 research report available at http://www.rnrmarketresearch.com/contacts/discount?rname=245331 .

On the basis of regions, the empty capsules market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America accounted for the largest share of the global empty capsules market. Asia-Pacific is expected to witness the fastest growth during the forecast period. However, scarcity of raw materials for gelatin manufacturing and the subsequent increase in prices of gelatin may affect the growth of the empty capsules market in the Asia-Pacific region in the coming years.

On a related note, another research on Smart Pills Market Global Forecast to 2024 says, North America is the largest market in the smart pills. The overall smart pills market in 2014 is valued at $1.56 billion. It is forecasted to reach $3.83 billion in the year 2020, growing at a CAGR of 16.16% (2014 – 2020). This will continue to reach $8.98 billion by the year 2024, growing at a CAGR of 23.7% (2020 – 2024). The smart pills market is segmented on the basis of applications and regions. Companies like CapsoVision, Inc. (U.S.), Given Imaging, Inc. (Israel), Medimetrics S.A.de C.V. (Mexico), Olympus Corporation (Japan), and Bio-Images Research Limited have been profiled in this 200 pages research report at http://www.rnrmarketresearch.com/smart-pills-market-by-application-capsule-endoscopy-drug-delivery-patient-monitoring-target-area-esophagus-stomach-small-intestine-large-intestine-geography-global-forecast-to-2024-market-report.html .

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