EMPTY CAPSULES MARKET ANALYSIS

Regional Analysis

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North America has established itself as the dominant region in the global empty capsules market with an estimated market share of 39.2% in 2024. The presence of leading capsule manufacturers and capsules filling machine suppliers has strengthened the supply chain infrastructure in the region. Growing nutraceutical and pharmaceutical industries in the U.S. and Canada boosts demand for empty capsules. With the significant geriatric population suffering from chronic conditions, the regional healthcare expenditure is also increasing steadily to treat age-related diseases, thus, boosting product sales. Moreover, the region is an attractive market for pharmaceutical companies to launch their drugs due to streamlined regulatory approval process as compared to other areas of the world.

Asia Pacific region has emerged as the fastest growing market for empty capsules globally. Rapidly increasing healthcare expenditure, large patient pool, and rising per capita income have boosted the regional pharmaceutical industry. Countries like China, India, and Japan are prominent manufacturers and consumers of empty capsules for domestic as well as international markets. India in particular has gained significance with its cost competitive manufacturing base and presence of numerous nutraceutical manufacturers. Rising health awareness has prompted consumers to opt for dietary supplements and functional foods which employ gelatin capsules for delivery. The international players in the empty capsules domain are focusing on strategic investments and partnerships in Asia Pacific to gain early mover advantage in the developing markets.