Global Hard Empty Gelatin Capsule Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The hard empty gelatin capsule market is witnessing significant growth, driven by the expanding pharmaceutical and nutraceutical industries. In 2023, the market was valued at approximately USD 2.1 billion and is projected to reach around USD 3.6 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. This surge is attributed to the increasing demand for efficient drug delivery systems and the rising popularity of dietary supplements.
Gelatin capsules are favored for their ease of administration, ability to mask unpleasant tastes, and capacity to encapsulate various types of drugs, including powders and granules. The pharmaceutical sector's continuous innovation and expansion have led to a higher demand for these capsules. Additionally, the rise in chronic diseases and the aging population globally necessitate the development of new drugs, further accelerating the need for gelatin capsules as a primary form of drug delivery.
In the nutraceutical industry, empty hard gelatin capsules are extensively used to encapsulate vitamins, minerals, and herbal extracts. With the growing trend of self-health management and preventive healthcare, the consumption of nutraceutical products is witnessing a substantial rise, thereby driving the demand for gelatin capsules. Moreover, the clean-label movement and preference for natural products are pushing manufacturers to opt for gelatin capsules derived from natural sources such as bovine and fish.
Technological advancements in capsule manufacturing processes have also played a pivotal role in propelling market growth. The development of sophisticated filling technologies and the ability to produce capsules in various sizes and colors have enhanced their appeal among manufacturers. Furthermore, the introduction of non-animal-based gelatin capsules caters to the vegetarian and vegan segments, broadening the market reach.
However, the industry faces challenges such as raw material shortages and price fluctuations. For instance, during the COVID-19 pandemic, gelatin manufacturers in India encountered raw material and labor shortages, leading to a 20% increase in gelatin prices. Despite these hurdles, the market is expected to recover and continue its growth trajectory as supply chains stabilize and demand for pharmaceutical and nutraceutical products remains strong.
Get an In-Depth Research Analysis of the Global Hard Empty Gelatin Capsule Market Size And Forecast [2025-2032]
Lonza
Qualicaps
ACG
Suheung
Farmacapsulas SA
ERAWAT PHARMA LIMITED
Dah Feng Capsule
Lefan Capsule
Shing Lih Fang
Roxlor
Nectar Lifesciences
Kangke
Angtai
Tsingtao Capsule
Huangshan Capsule
MEIHUA Group
Yili Capsule
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Hard Empty Gelatin Capsule Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Hard Empty Gelatin Capsule Market
Pharmaceutical
Healthcare Products
Other
Based on Types the Market is categorized into Below types that held the largest Hard Empty Gelatin Capsule market share In 2023.
Stomach-soluble Capsules
Enterosoluble Vacant Capsules
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Hard Empty Gelatin Capsule Market Research Analysis
1. Introduction of the Global Hard Empty Gelatin Capsule Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hard Empty Gelatin Capsule Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hard Empty Gelatin Capsule Market, By Type
6. Global Hard Empty Gelatin Capsule Market, By Application
7. Global Hard Empty Gelatin Capsule Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hard Empty Gelatin Capsule Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/