Halal Empty Capsules Market Revenue to Attain USD 2.05 Bn by 2033

18 Nov 2024

Share :

Table of Content

1. Halal Empty Capsules Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Halal Empty Capsules Market   4. Halal Empty Capsules Market Trends 5. Regional Snapshot 6. Market News 7. Halal Empty Capsules Market Coverage

Halal Empty Capsules Market Revenue and Trends

The global halal empty capsules market revenue was valued at USD 1.28 billion in 2024 and is expected to attain around USD 2.05 billion by 2033, growing at a CAGR of 5.43% during the forecast period. The demand for halal empty capsules market is increasing due to the increasing need for halal-certified products in the pharmaceutical sector.

Market Overview

The halal empty capsules are products manufactured by Islamic dietary laws and do not contain any non-halal substance or pork in them. These capsules are primarily used in the nutraceutical and pharmaceutical industries. In addition, vegetarian capsules are becoming more popular because of shifting consumer preferences and dietary restrictions. There is also a regulatory requirement for halal certification standards.

Report Highlights of the Halal Empty Capsules Market  

• By type, the gelatin segment dominated the market in 2023. The dominance of the segment can be attributed to the increasing availability of bovine gelatin, especially from halal-certified suppliers.
• By type, the non-gelatin segment is expected to grow at a significant rate in the market over the forecast period. The growth of the segment can be linked to the increase in demand for vegan products by consumers across the globe.
• By application, in 2023, the pharmaceutical industry segment led the global market. The dominance of the segment can be driven by the rising requirement for these capsules in pharmaceutical products.
• By application, the nutraceutical segment is anticipated to grow at the fastest rate in the market over the projected period. The growth of the segment can be credited to the shift of pharma companies towards halal-certified production.

Halal Empty Capsules Market Trends

New product launches

The launch of innovative encapsulation solutions in the pharma industry is propelling the halal empty capsules market growth. Major market players are creating improved empty capsule variants like HPMC capsules, which can be an alternative to hard gelatin capsules and fulfill particular dietary demands. In addition, there is a rise in the number of regulatory approvals for halal-certified capsules from various nations.

Increasing adoption of dietary supplements

The growing popularity of dietary supplements, along with the increasing awareness of healthy lifestyles, is the key trend in the halal empty capsules market. Also, consumers with high disposable income are likely to buy dietary supplements. Moreover, the availability of supplements through online platforms has raised the consumption of dietary supplements. Empty capsules are increasingly becoming popular as they are easy to swallow and hide unpleasant tastes.

The growing potential of the pharmaceutical sector

The increasing investment by big government organizations in the development of the pharma sector is driving market growth. The implementation of innovative technologies in the production process of non-gelatin capsules to enhance quality products fuels the growth prospects for the halal empty capsules market in the future.

• In December 2022, Vantage Nutrition LLC, an ACG Group company, acquired Philadelphia-based AquaCap, an asset of Nestle Health Science. This acquisition aimed to grow Vantage Nutrition LLC's footprint and production capability

Regional Snapshot

North America dominated the halal empty capsules market in 2023. The dominance of the region can be linked to the strong presence of major market players along with the region's well-established distribution system. Moreover, the region also has a growing nutraceutical industry, which can greatly influence market growth. In the region, the U.S. held a remarkable market share due to the increasing incidence of chronic diseases.

Asia Pacific is anticipated to grow at the fastest rate in the halal empty capsules market over the projected period. The growth of the region can be credited to the presence of elderly populations in countries like China and Japan, who are prone to chronic diseases. Furthermore, the region is the home for major exporters of halal empty capsules globally, such as Europe, Africa, and the Middle East. Furthermore, in Asia Pacific, China held the dominant position because of a surge in the country's investment in healthcare infrastructure.

Market News

• In March 2024, West Wolf Medicinals launched vegan capsules with mushroom extracts. It is an organic-certified capsule. Cordyceps, Reishi, Turkey Tail, and Lion’s Mane are 120 capsules packed in a tin that is made from environment-friendly recycled aluminum by the consumer.
• In May 2024, Roquette, one of the market leaders in pharmaceutical and nutraceutical excipients, developed its LYCAGEL Flex hydroxypropyl pea starch premix for nutraceutical and pharmaceutical soft gel capsules.
• In December 2023, one of the health brands of Darling Ingredients, Rousselot, received a U.S. Patent for gelatin technology that enhances soft gel capsule stability and efficacy.

Halal Empty Capsules Market Coverage

Market Segmentation

By Type

• Gelatin
• Non-Gelatin

By Application

• Pharmaceutical Industry
• Nutraceutical Industry
• Other End users

Get this report to explore global market size, share, CAGR and trends, featuring detailed segmental analysis and an insightful competitive landscape overview@ https://www.precedenceresearch.com/checkout/5246

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 804 441 9344