The global empty capsules market was valued at $2.27B in 2022, driven by the increasing demand for capsule-based pharmaceutical and nutraceutical products across the globe, according to a report by Research & Markets. The market size is anticipated to grow at a CAGR of 7% during the forecast period of 2023-2031 to achieve a value of $4.17B by 2031, according to the report.
The global empty capsules market has experienced significant growth in recent years, driven by factors such as the increasing demand for capsule-based pharmaceutical and nutraceutical products, advancements in capsule manufacturing technologies, and a growing preference for vegetarian capsules.
Although aging populations and the rise in chronic diseases are major market drivers, different markets are impacted by other factors as well. The Asia-Pacific region is seeing growing investments in healthcare infrastructure, while demand in Europe is being driven by a supportive regulatory framework, and an expanding nutraceutical sector. The presence of major capsule manufacturers boosts North America’s market share.