Empty Capsules Market Intelligence

Empty Capsules Market Description

The global market for empty capsules is estimated to grow at a continuous CAGR of 7-8 percent until 2020. Factors like increasing health awareness, aging population, and rising consumption of capsules in clinical trials are driving the demand. Market leaders such as Qualicaps and Capsugel are expanding manufacturing capacity, and are attempting to become backward integrated by acquiring gelatin manufacturing companies. The consumption demand for empty capsules is shaped by factors like health conditions of the aging population, clinical trial testing of formulations, changing consumer lifestyles, and edible beauty products with specific application in pharma, nutraceutical, and cosmetic industries.

The report also provides an overview of empty capsules market in areas such as North America, Europe, and Asia, followed by feedstock market analysis and global demand by areas of application. The report also provides an industrial analysis of the empty capsules market, along with Porter’s five forces analysis, drivers and constraints, and major events. It also provides a summary of the cost and price trends, including cost structure and price analysis. The report also details the profiles of key suppliers in the industry, such as ACG Worldwide, Capsugel, Qualicaps, Suheung Capsule, Roxlor France, Caps Canada, Natural Capsules Ltd. etc.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Empty Capsules Market Trend, Analysis & Forecast

Category Intelligence on Empty Capsules covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Empty Capsules Executive Summary

1.1 Global Market Analysis
1.2 Regional Market Analysis
1.3 Industry Practices

2. Empty Capsules Market Analysis

2.1 Value Chain Analysis
2.2 Global Market Outlook
– Current market size and Trends
– Key end-use Industries
2.3 Regional Market Outlook (North America, Europe & Asia Pacific)
– Current market size and Trends
2.4 Feedstock Analysis
– Gelatin Market Size
– Global Demand by Application

Global Market Outlook on Empty Capsules

Global empty capsules market was estimated at $1.63 billion in 2017 and is estimated to grow at a CAGR of 7-8 percent till 2020.
Increasing health awareness across the globe, aging population and rising consumption of capsules in clinical trials are the factors driving the market for empty capsules.
Global market leaders such Capsugel and Qualicaps are expanding manufacturing capacity as well as trying to become backward integrated by acquiring gelatin manufacturing companies

empty-capsules-market-size

Industry Practice

Big pharma generally prefers a dual sourcing strategy so as to minimize the risk of any supply disruptions. Global capsule manufacturers, such as Capsugel and Qualicaps have quite high manufacturing capacities compared to annual purchase volume of Big pharma companies (2 billion capsules)
Also, capsule manufacturers are attempting to become backward integrated so as to gain more control on the gelatin pricing
Big pharma and domestic pharma companies manufacture drugs for the domestic market thus they prefer to source empty capsules locally as it helps in reducing cost. E.g.,. GSK sources empty capsules from Natural Capsules Ltd. and Cipla sources empty capsules from multiple local suppliers

Global Demand by Application

Health conditions of aging population, clinical trial testing of formulations, changing consumer lifestyles and edible beauty products with specific applications are the major factors for the consumption of empty capsules in pharma, nutraceutical and cosmetic industries

Drivers of Demand by Application

Pharma: Health conditions associated with aging population is a key driver for drugs being launched in capsules as it becomes more easier and convinient to use the prescribed therapy. Also, pharma companies partner with capsule manufacturers to use empty capsules in clinical trials as the process requires to provide specific dosage of drug molecule to subjects
Nutraceuticals: Soft gelatin and HPMC capsules are widely used in dietary supplements. Soft gelatin capsules are used to deliver health friendly molecules of Omega 3 fatty acid and fish oil
Cosmetics: Edible beauty products with specific appilcations, such as moisture retention on the skin have been launched by cosmetic companies in capsules

Feedstock Market Analysis

Global Gelatin market is expected to grow at a CAGR of 2-3 percent from 2015-2020, with Europe contributing around 35 percent of the global market. Pork and hide remains the major raw material sources of gelatin, together contributing to approx. 70 percent of the gelatin market.

Feedstock Contribution in Total Gelatin Market (2017)

Aging population and increasing nutraceutical market are expected to drive the gelatin market
The gelatin industry being consolidated (top 7 players hold 65-70 percent), the buyer does not have much of a bargaining power. However, global food and pharma buyers buy large volumes of gelatin allowing them a slight negotiating bandwidth
Many of the gelatin players are operating at about 85-90 percent of their installed capacities
Due to fluctuating prices of raw materials, gelatin buyers engage in half yearly contracts. However, depending upon the volume purchased, contract period span between 3 months to 1 year also

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