Empty Capsules Market: Gelatin-based Capsules to Account for 71% Revenue Share in 2016
Gelatin-based capsules will continue to account for higher revenue share of the global empty capsules market, with global revenues expected to reach US$ 1.43 Bn in 2016.
Steady increase in the number of photochemically unstable drugs will continue to positively influence the growth of the empty capsules market in 2016, with global revenues expected to increase by 6% to reach US$ 1,432.6 Mn.
Increasing demand for vegan and Halal pharmaceuticals is ramping up adoption, and providing support to a market, which is primarily driven by Type-A (pork-based) capsules. Development of hypromellose capsules for the treatment of pulmonary and non-pulmonary diseases are also creating growth opportunities for manufacturers.
Gelatin-based capsules will continue to account for higher demand than vegetarian-based capsules, accounting for nearly 71% revenue share of the market in 2016. Type-A (pork skin), the largest segment in terms of raw materials, will grow at a lower rate than non-pork based empty capsules, especially hydroxy propyl methyl cellulose (HPMC) and fish bone gelatin. While type-A (pork skin) revenues will grow by 4.62% in 2016, fish bone gelatin and HPMC revenues will grow by 8.87% and 8.40% respectively.
Size “4” capsules will continue to be the largest revenue segment on the basis of capsule size, with total revenues expected to reach US$ 263.1 Mn in 2016. Size “1” and Size “2” capsules will also account for substantial demand, collectively accounting for over US$ 430 Mn in market revenues in 2016.
Huili Capsules, Halal and FDA certified empty capsule manufacturer, since 1985. All sizes of empty gelatin capsules and vegetarian capsules are available in customized colors.
Empty Gelatin Capsules, Empty Pullulan Capsules, Empty HPMC Capsules, and Empty Safety Capsules are our main capsule products.
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