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on February 27, 2024
Empty Capsules Market Projected to Reach US$4.32 Billion by 2029, Driven by Growing Demand in Pharmaceuticals and Nutraceuticals
Market Overview:
The global empty capsules market is expected to reach US$4.32 billion by 2029, growing at a CAGR of 8.2% from 2022 to 2029. This growth is attributed to several factors, including:
- Rising prevalence of chronic diseases: Increased demand for medication for chronic illnesses necessitates more capsules.
- Growing nutraceutical and dietary supplement market: Consumers are increasingly opting for capsules for easier consumption of vitamins, minerals, and other supplements.
- Shift towards preventive healthcare: Capsules are preferred for preventive medication due to ease of use and protection from stomach acids.
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Report Scope:
This comprehensive report provides insights into the global empty capsules market, covering:
- Market size and forecast: Historical data (2017-2022), base year analysis (2022), and forecast for the period 2023-2029.
- Market segmentation: Detailed analysis by type (gelatin, non-gelatin), application, functionality, and end-user.
- Regional insights: Analysis of the market potential in North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Competitive landscape: Profiles of key players in the market.
Research Methodology:
The report utilizes a robust research methodology, combining:
- Extensive primary research: Interviews with industry experts and market participants.
- Secondary data analysis: Utilizing reliable research reports, government data, and industry publications.
- Data triangulation: Verification and validation of data through multiple sources.
Segmentation:
- Type: Gelatin capsules (dominant segment) and non-gelatin capsules.
- Application: Antibiotic & antibacterial drugs, vitamin & dietary supplements, antacid & antiflatulent preparations, cardiovascular therapy drugs, and others.
- Functionality: Immediate-release capsules (largest CAGR), sustained-release capsules, and delayed-release capsules.
- End-user: Pharmaceutical industry, nutraceutical industry, and others.
Regional Insights:
- North America: Holds the largest market share due to established pharmaceutical and nutraceutical industries.
- Asia Pacific: Expected to witness the fastest growth due to factors like rising disposable income, increasing awareness of health and wellness, and government initiatives supporting healthcare infrastructure development.
Conclusion:
The empty capsules market presents significant growth potential, driven by the aforementioned factors. This press release provides valuable insights for investors, manufacturers, and other stakeholders in the empty capsules industry.
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