Strong Growth Projected for Hard Gelatin Capsules Market: Impressive CAGR of 6.4% Expected from 2022 to 2032

[300 Pages Report] As per Future Market Insights (FMI), the hard gelatin capsules market was valued at over US$ 1.7 Bn in 2021, and is expected to exhibit a CAGR of close to 6.4% over the forecast period (2022-2032).

Market Outlook:

Shell suppliers create and supply empty hard gelatin capsule shells to the pharmaceutical sector, which are then filled in a separate operation. Empty hard gelatin capsule shells are available in a series of sizes encompassing from 000 to 5, with 000 as the largest and 5, the smallest.

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Further, hard gelatin capsules allow for combination filling, unlike soft gels, allowing for the encapsulation of pharmaceuticals in the form of pellets, micro tablets, and beads in addition to the liquid formulation. This not only permits numerous incompatible pharmaceuticals to be combined in a single capsule but also results in a formulation that is far more appealing to consumers.

Increasing prevalence of non-communicable diseases such as cancer, diabetes, heart disease, and lung disorders has surged the demand for nutraceuticals. Hence, key players have established their positions in the market by investing more in research and having a better distribution system.

Key Takeaways from Market Study

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Market Competition

Market expansion will be hampered by increasing vendor competition. With the presence of numerous brands and regional and local vendors, the market is expected to be fragmented. Furthermore, suppliers in the hard gelatin capsules industry are expanding their offerings to include mobile healthcare, medical educators, primary care extenders, and patient advocates.

During the focused period, increased competition is expected to have a negative impact on the worldwide emergency medical service market growth. The hard gelatin capsules industry is fragmented, and providers are competing by using both organic and inorganic growth techniques.

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The hard gelatin capsules market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on the hard gelatin capsules market segment based on source – (Type-A (pork skin), Type-B gelatin (animal bones & calf skin), and fish bone gelatin), by size (size “000” capsules, size “00” capsules, size “0” capsules, size “1” capsules, size “2” capsules, size “3” capsules, size “4” capsules, and size “5” capsules), by route of administration (oral administration and inhalation administration), by end user (pharmaceutical companies, cosmetic & nutraceutical companies, and CROs & CDMOs), across seven key regions over the globe.

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Key Players :

Key Market Segments Covered in Hard Gelatin Capsules Industry Research

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About FMI:

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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