Hard Gelatin Capsules Projected to Attain US$3.2 Billion by 2032 with a Steady 6.4% CAGR
The global Hard Gelatin Capsules Market was worth US$ 1.7 Billion in 2022 and is expected to reach US$ 3.2 Billion by the year 2032 at a CAGR of 6.4% between 2022 and 2032.
Hard capsules come across as an oral dosage form for the supplement delivery of minerals, life-saving medications, vitamins, and various healthy elements. Initially, hard gelatin capsules were produced in the form of single-dose formulations for powdered or granulated medication administration.
Pellet technology has revitalized the field of capsule-based delivery systems for drugs; thereby allowing capsule technology to be combined with multi-particulate drug administration for improvised therapeutic impact.
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Liquid-filled hard gelatin capsules were tabled as one of the alternatives to soft gelatin capsules. Liquid encapsulation is being facilitated by players to employ softgels. The formulation experts are re-looking at two-piece hard gelatin capsules as one of the viable alternatives to the softgels.
Hard gelatin capsules do bring to the table numerous advantages for customers and also manufacturers. The gelatin on hard caps makes it simpler for consumers to swallow at the time of safeguarding active ingredients in capsule from light, oxygen, and dust.
The good part is that empty hard gelatin 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; which 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 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 ‘Hard Gelatin Capsules Market’. 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 hard gelatin capsules market going forward”, says an analyst from Future Market Insights.
Key Takeaways from Hard Gelatin Capsules Market
- 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 hard gelatin capsules market. 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.
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Competitive Hard Gelatin Capsules
- Medicaps, in March 2022, did gain RERA’s (Real Estate Regulatory Authority’s) permission for Medicaps Business Park project.
- Suheung America Corporation has its EMBO CAPS VG-ALPHA medication delivery device (an empty vegetarian capsule focusing toward 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 demonstrating exceptional protection against oxidation, the global hard gelatin capsules market is expected to grow on a good count in the forecast period.
Key Companies Covered:
- ACG Worldwide
- Qualicaps, Inc. – MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- Sunil Healthcare Ltd.
- CapsCanada Corporation / Farmacapsulas
- Roxlor LLC
- Suheung Co., Ltd. – EmboCaps
- Medi-Caps Ltd.
- NLL – Nector Lifesciences Ltd.
- Natural Capsules
- ERAWAT PHARMA
Key Market Segments Covered in Hard Gelatin Capsules Industry Research
- Type-A (Pork Skin)
- Type-B Gelatin (Animal Bones & Calf Skin)
- Fish Bone Gelatin
- 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
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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