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Empty Capsules Market Size
Empty Capsules Market was valued at USD 3 billion in 2023 and is expected to register more than 7.7% CAGR between 2024 and 2032, driven by the rising popularity of dietary supplements and increase in strategic collaboration between players. In addition, the increasing prevalence of chronic diseases coupled with the growing geriatric population contribute significantly to the business growth. Despite these, increasing burden of such diseases and surge in demand for capsule intake is projected to impel market demand.
Empty capsules, also known as gelatin capsules or hard capsules, are pharmaceutical dosage forms used to encapsulate powdered or granular substances. These are typically transparent or translucent, allow easy visibility of the encapsulated material. They are available in various sizes, colour, and compositions to suit different formulation needs.
Empty Capsules Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| Empty Capsules Market Size in 2023: | USD 3 Billion |
|---|
| Forecast Period: | 2024 to 2032 |
|---|
| Forecast Period 2024 to 2032 CAGR: | 7.7% |
|---|
| 2032 Value Projection: | USD 5.9 Billion |
|---|
| Historical Data for: | 2018 – 2023 |
|---|
| No. of Pages: | 224 |
|---|
| Tables, Charts & Figures: | 388 |
| Segments covered: | Type, Source, Functionality, Capsule Size, Application, End-user, and Region |
|---|
| Growth Drivers: | - Technological advancements in empty capsules
- Growing prevalence of chronic ailments such as cardiovascular diseases worldwide
- Increasing intake of dietary supplements and vitamins
|
|---|
| Pitfalls & Challenges: | - Fluctuating raw material prices
- Cultural practices and dietary restrictions
|
|---|
