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The non-gelatine capsules segment is projected to lead the market growth of the empty capsules market in the forecast period. The growing demand for products not based on animal derivatives and the various advantages offered by these capsules over gelatine-based ones, due to their various physical and chemical properties is rendering them conducive to storage for longer durations, consequently driving the segment growth. Furthermore, the increasing demand for dietary supplements is one of the key drivers of this market. Additionally, more disposable incomes, greater health consciousness, and more affordability are driving the market in emerging countries, such as India, China, and Brazil. Further, the rise in lifestyle diseases as well as growing diagnosis of the same, along with increasing availability and use of vitamin capsules, are also helping this market grow steadily.
The market growth is boosted by the growing competition among the key industry players, such as Mitsubishi Chemical Corporation (TYO 4188) and Cupsugel (Lonza Group Ltd). In July 2018, Lonza's Capsule Delivery Solutions launched the Capsugel Vcaps Gen C capsule based on the carrageenan gelling-agent formulation, expanding Lonza’s Capsugel Hydroxypropyl Methyl Cellulose (HPMC) portfolio. Later, in February 2018, ACG signed a memorandum of understanding (MoU) with Applied DNA, Inc. (US) that permits ACG to utilize Applied DNA’s proven SigNature molecular tagging and authentication technologies to develop molecularly tagged empty hard-shell capsules.
Market Analysis by Type, Raw Materials, Functionality, Application, End Uses and Region
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Cupsugel (Lonza Group Ltd), ACG Group, Qualicaps (Mitsubishi Chemical Corporation), Capscanada (Lyfe Group Co.), Roxlor Group, Suheung Co., Ltd., among others are the key players in the global empty capsules market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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