Gelatin capsules market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027.
Gelatin capsules are a type of oral pill whereby the outside of the pill is gelatin-based and is soft and the inside contains medicine in the form of liquid. Gelatin capsules are usually given to patients and can be found in most hospitals, clinics, and pharmacies. They are also found in some laboratories for research or experimentations.
There has been an increase in gelatin capsules due to the increase in demand for easier to swallow drugs, especially for smaller children. As well as a huge increase in the demand for vitamins and supplements as people are becoming more health-conscious and more aware of the benefits of taking vitamins. Also because there has been a huge move to more natural ingredients in medicine there has been an increase for gelatin capsules.
The major problem with this increase in demand is that it forces suppliers to create bigger quantities of this product and start producing in bulk. This becomes a problem considering the fact that gelatin capsules have one of the shortage shelf life than any other outer casing. This could mean that if not consistently checked these medicines could be given to patients even if they are considered stale and this could cause a few problems for the patients who receive them.
Gelatin Capsule Market Growth and Trends
The primary factor contributing to the increase in the gelatin capsule market growth is the growth in the usage of gelatin capsules over other drugs and increase in the strategic partnerships between capsule suppliers and gelatin manufacturers. Along with this, increase in the developments in the capsule supplying industry is a key factor accelerating the market growth and demand. There has been a surge in the investments in the pharmaceutical which manufactures gelatin capsules extensively thus contributing to the increase in its market growth. Gelatin capsules are comprehensively used in the manufacture of antibiotics, painkillers, cold and cough drug supplements as well as dietary supplements and an increase in the demand in the above products has significantly contributed to the gelatin capsule market growth. Also, rapid developments in the capsule manufacturing industry has played an important role in increasing the market growth of the gelatin capsule market. Gelatin is made of amino which is a rich protein and helps in reduction of many physical discomforts. The increasing population has also resulted in the increase in the diseases globally thus resulting the requirement of gelatin capsules in a huge number and thus a huge increase in its market demand.
The limitations hindering the market growth of gelatin capsule market growth are certain cultural and religious practices which are followed by certain people who forbid the use of any animal products as gelatin is an animal by-product produced from collagen and thus is restricted for usage in certain communities. Price volatilities and strict regulations in the pharmaceutical industry are said to hamper the market growth of the gelatin capsule market growth.
Gelatin Capsule Market Competition
Key companies operating in this industry are Capsugel, Qualicaps, ACG ACPL, Suheung, Farmacapsulas SA, ERAWAT PHARMA LIMITED, Dah Feng Capsule, Lefan Capsule, Shing Lih Fang, Roxlor, Nectar Lifesciences Ltd., Kangke, Angtai, Qinhai Gelatin Company, Huangshan Capsule, MEIHUA Group and Yili Capsule.
• Gelatin Capsule Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Gelatin Capsule Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Soft gelatin capsule
• Hard gelatin capsule
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Preparation of drugs
• Preparation of health care products
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Gelatin Capsule Market Companies
• ACG ACPL
• Farmacapsulas SA
• ERAWAT PHARMA LIMITED
• Dah Feng Capsule
• Lefan Capsule
• Shing Lih Fang
• Nectar Lifesciences Ltd.
• Qinhai Gelatin Company
• Huangshan Capsule
• MEIHUA Group
• Yili Capsule
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