Enteric Empty Capsules Market Size, Share, Growth, and Industry Analysis, By Type (Gelatin Type and HPMC Type), By Application (Pharmaceutical, Health Supplements, and Others (Herb or Cosmetics), Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2024 To 2032

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ENTERIC EMPTY CAPSULES MARKET REPORT OVERVIEW

The global enteric empty capsules market size was USD 0.07 billion in 2023 and is projected to grow from USD 0.08 billion in 2024 to USD 0.27 billion by 2032, exhibiting a CAGR of 15.7% during the forecast period. Asia-Pacific holds leading position in enteric empty capsules market share in 2023.

Enteric empty capsules are used to make it pass through the stomach before it is absorbed by the body. These capsules are formulated with the help of enteric material for resisting the highly acidic conditions of the stomach. These are generally made from gelatin, which is used in herbal products, nutrient supplements, and OTC drugs. Due to the increase of R&D initiatives, it is projected that the global market for enteric empty capsules is expected to have an exceptional growth rate. Clinical trials are gaining attention and filling a market need that has previously been left unmet for the encapsulation of both new and old medications.

The leading players in the empty capsules market are therefore projected to see strong growth prospects over the course of the forecast period. Gelatin has traditionally and principally been used as a film-forming material for both soft and hard shell capsules. There have been concerns about its use due to the fact that it is a protein that has been isolated from animal collagen. The market is expected to grow due to the rising demand for capsules in the global market. Their widespread use in preventive care in developing countries, along with the flexibility of the capsules and their high absorption, are projected to increase demand.

"COVID-19 Impact: R&D Activities for COVID-19 Virus Balanced Growth in the Market"

The global COVID-19 pandemic has been unprecedented and staggering, with enteric empty capsules experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Pharmaceutical companies and startups stepped forward during the pandemic to develop vaccines and treatments that target the severe infection caused by the novel virus. The research related to vaccines in the biotechnologies and pharmaceutical industries made small growth in the industry. The world is experiencing a health and economic downturn as the Coronavirus (COVID-19) epidemic casts a lengthy shadow over the global economy. Complete lockdowns have put a strain on a variety of businesses, changing, either directly or indirectly, activities like vendor operations, supply chain management, and product advertising. Given the pandemic, it is projected that empty capsule producers' profit margins is estimated to suffer if the number of confirmed COVID-19 cases keeps sharply increasing.

LATEST TRENDS

"Expansion of Capsule Production to Surge Market Growth"

The pharmaceutical companies are becoming challenging from a growth perspective owing to the government-induced and diminishing drug pipeline pressure for reducing the regulations and cost of innovative products. These factors are encouraging pharmaceutical companies to move their manufacturing bases closer to high-growth emerging markets. Various manufacturers are planning to set up new manufacturing plants and expand their capacities for the existing plants in developing countries. These factors are expected to boost the enteric empty capsules market growth.

ENTERIC EMPTY CAPSULES MARKET SEGMENTATION

• By Type Analysis

By type, the market is segregated into gelatin and HPMC types.

• By Application Analysis

Based on application, the market is classified into pharmaceuticals, health supplements, and others (herbs or cosmetics).

The health supplements segment is estimated to hold a major part of the enteric empty capsules market share owing to the steady adoption of preventive measures by the population.

DRIVING FACTORS

"Rising R&D Activities to Cater the Product Demand"

The market is expected to expand due to the increase of R&D initiatives. It is projected that the global market is forecasted to grow in the forecast period. Clinical trials are gaining attention and filling a market need that has previously been left unmet for the encapsulation of both new and old medications. Their widespread use in preventive care in developing countries, along with the flexibility of the capsules and their high absorption, are projected to increase demand. The leading players in the empty capsules market are therefore projected to see strong growth prospects over the course of the forecast period. These factors are anticipated to prosper enteric empty capsules market growth.

"Escalating Demand for Supplements and Growing Awareness About the Product to Boost Market Growth"

Various qualities of the enteric empty capsules, such as simplicity of availability, biodegradability, and high rates of absorption, capsules are now used more frequently in the production of pharmaceuticals. The market growth rate is anticipated to be backed by the encapsulation of new, current, and cardiovascular medicines and is the subject of numerous new clinical investigations. Automation procedures can be used to encapsulate ingredients, eliminating the need for manual load rearranging. The increase in the need for supplements, the surge in marketing initiatives to promote either gelatin or non-gelatin capsules, and the rise in public awareness of the need to take preventive medications are likely to boost the global market.

RESTRAINING FACTORS

"High Prices and Low Availability of the Product to Retard Growth in the Market"

The enteric empty capsules are sold at a high price due to their complex manufacturing process. The high price of the product also leads to the lower availability of the product, which is estimated to hamper the enteric empty capsules market growth in the forecast period. These factors may impede the growth of the market.

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ENTERIC EMPTY CAPSULES MARKET REGIONAL INSIGHTS

"Asia Pacific to Lead Market Due to The Growing Investment in Drug Manufacturing"

Asia Pacific is expected to hold a dominating part of the enteric empty capsules market share owing to the rising investment in the manufacturing of drugs and the growing nutraceuticals industry. The presence of developing countries such as India, China, and Japan is estimated to gain traction in the market. China is forecasted to hold about 55% of the total market share.

North America is expected to show significant growth in the market due to the strong foothold of key players and a large number of research activities is forecasted to aid growth in the region. Additionally, the presence of a highly structured healthcare industry is also forecasted to surge regional growth.

Europe is estimated to experience sizable growth by virtue of the growing research and development activities in the region.

KEY INDUSTRY PLAYERS

"Key Players Focusing on Innovative Technology Development to Grow in Market"

Key players are constantly emphasizing on the development of advanced products to gain traction in the market. Key companies are increasing their investments in vitamins and dietary supplements coupled with favorable trade policies for the transportation of dietary supplements. Companies are creating diversification in product portfolios to prove themselves better than the other players existing in the global market. The key companies are focusing on gaining collaborations and mergers in the global market to gain growth in the market.

List Of Top Enteric Empty Capsules Companies

• Capsugel (U.S.)
• CapsCanada (U.S.)
• Suheung (Korea)
• Qualicaps (U.S.)
• Anhui Huangshan Capsule (China)
• Shanghai GS Capsule (China)
• Qingdao Yiqing (U.K.)
• Levecaps (China)
• ACG Associated Capsules (India)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.