October 10, 2023 08:47 ET | Source: Fortune Business Insights Fortune Business Insights
Pune, India, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Global Empty Capsules Market Size was valued at USD 3.04 billion in 2022 and is projected to grow from USD 5.05 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period. Leading Companies’ Growing Focus on Introducing Novel Products is Propelling Market Growth, Growing capsule-based nutraceutical demand fuels market growth. Hidrocoleide Hpmc
Empty capsules are a type of shell that can contain medicinal substances and inert compounds. Gelatin, Hydroxypropyl Methylcellulose (HPMC), or starch or pullulan, unique film-forming substances, are the main ingredients in these empty shells. Market growth is attributed to the surging usage of capsule formulations by pharmaceutical companies and the increasing adoption of empty capsules in the cosmeceutical and food industries.
This information is provided by Fortune Business Insights™ in its research report titled Empty Capsules Market, 2023-2030.
Request a Sample PDF – https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/empty-capsules-market-101171
Discover the Leading Players Featured in the Report-
Browse Complete Report Details- https://www.fortunebusinessinsights.com/industry-reports/empty-capsules-market-101171
Leading Companies’ Growing Focus on Introducing Novel Products is Propelling Market Growth
The growing prevalence of health conditions that affect joints, hair, skin, and liver functioning in the geriatric population is boosting the demand for nutritional supplements or products. The growing usage of dietary supplements due to increased disease prevalence is paving the way for empty capsule producers to launch novel products. Moreover, the increasing focus on expanding their global reach by key companies is augmenting the market growth.
On the other hand, the high cost of raw materials for empty capsule production is hampering the market expansion.
Growing Prevalence of Different Diseases Fostered Market Growth in North America
North America held the largest empty capsules market share in 2022. Increasing incidences of different diseases are driving the market growth in the region. Surging consumer demand for capsules is also supporting market growth in the region.
Europe accounted for the prominent market share. Market growth is driven by an increase in initiatives by key market players to produce substitute products that are free of titanium dioxide and safe for consumption by the general population.
Quick Buy - Empty Capsules Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101171
Lonza to Make a Mark in the Global Market by Offering Novel Capsule Solution
Prominent empty capsule producers are offering a wide range of products made from various substances. The increased market revenue of the company is attributed to the growing sales of empty capsules in the U.S. Increasing R&D spending by market participants to introduce new products is also supporting the market expansion. In November 2022, Enprotect, a novel capsule composition from Lonza, was developed to emphasize the delivery of ingested acid-sensitive Active Pharmaceutical Ingredients (APIs). This product introduction pushed the company to increase its product offerings.
How big is the Empty Capsules Market?
Empty Capsules Market size was USD 3.04 billion in 2022. It is expected to reach USD 5.05 billion in 2030.
How fast is the Empty Capsules Market growing?
The Empty Capsules Market will exhibit a CAGR of 6.6% during the forecast period, 2023-2030.
Nanocapsules Market Size, Share, Revenue Forecast and Opportunities
Softgel Capsules Market Overview, Industry Share and Forecast
Specialty Capsules Market Analysis, Global Size and Industry Share Forecast
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Shijiazhuang Hpmc Fortune Business Insights™ Pvt. Ltd.