- Large Capsules
- Medium Capsules
- Small Capsules
Liquid-Filled Hard Capsules Market was valued at USD 1,374.3 million in 2023 and is expected to grow at an 7.5% CAGR from 2024 to 2030. Liquid-filled hard capsules (LFHCs) are typically composed of a shell of gelatin or hydroxypropyl methylcellulose (HPMC) and filled with compatible liquids or compositions. Increasing Demand for Oral Drug Delivery Systems, Expanding Pharmaceutical Industry, Technological Advancements, and Product Innovations are expected to drive the growth of the liquid-filled hard capsules market. The rise in demand for convenient and patient-friendly drug delivery methods has been a significant driver for the growth of the liquid-filled hard capsules market. These capsules offer advantages such as precise dosing, ease of administration, and improved bioavailability, particularly for drugs with poor solubility or stability issues. Moreover, the pharmaceutical industry's continuous growth, driven by factors such as population aging, increasing prevalence of chronic diseases, and advancements in drug development, has fuelled the demand for innovative dosage forms like liquid-filled hard capsules. Pharmaceutical companies are increasingly adopting these capsules for both new drug formulations and reformulations of existing drugs to enhance their efficacy and patient compliance. However, the stringent regulations imposed by health authorities regarding the approval and manufacturing process of liquid-filled hard capsules can significantly restrain the market growth.
Compliance with safety, efficacy, and quality standards adds complexity and cost to the development and production phases. Moreover, certain technical challenges related to formulation as well as the availability of alternative dosage forms can further hinder the growth of the market. Ongoing advancements in capsule manufacturing technologies, including improvements in capsule shell materials, filling processes, and sealing techniques, have led to the development of more sophisticated and versatile liquid-filled hard capsules. These innovations have expanded the applicability of liquid-filled capsules across a wide range of therapeutic areas and formulations, driving market growth through enhanced performance and functionality.
Key Developments:
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
There has been a rising preference for oral dosage forms over the years. In addition, oral dosage forms offer convenience, ease of administration, and patient compliance, which have made them increasingly popular among consumers and healthcare professionals. Moreover, the expanding nutraceutical industry is the main factor fuelling the rising preference for oral dosage forms, particularly liquid-filled hard capsules. Hence, such factors are positively impacting the liquid-filled hard capsules market. Moreover, the use of encapsulated lipophilic and hydrophilic drugs is growing, steering revenue growth of the liquid-filled hard capsules market. Gelatin capsules are witnessing massive acceptance, underpinning vast revenue scope. Of note, gelatin capsules developed from bovine, porcine, and marine sources have gained increased commercialization, thus enriching the outlook of the liquid-filled hard capsules market.
Liquid-Filled Hard Capsules Market was valued at USD 1,374.3 million in 2023 and is expected to grow at an 7.5% CAGR from 2024 to 2030.
Healthcaps India Ltd., Lefancaps LTD., Lonza Group Ltd., Mitsubishi Chemical Group Corp., Nectar Lifesciences Ltd., PLX Pharma Inc., Sirio Pharma Co. Ltd., and Thermo Fisher Scientific Inc. are some of the major players operating in the liquid-filled hard capsules market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period.
North America accounts for the largest market share and is expected to be the primary market driver in the liquid-filled hard capsules market.
The stringent regulations imposed by health authorities regarding the approval and manufacturing process of liquid-filled hard capsules are expected to limit the growth of the liquid-filled hard capsules market.
1. Executive Summary |
2. Global Liquid-Filled Hard Capsules Market Introduction |
2.1.Global Liquid-Filled Hard Capsules Market - Taxonomy |
2.2.Global Liquid-Filled Hard Capsules Market - Definitions |
2.2.1. Type |
2.2.2.Route of Administration |
2.2.3.Application |
2.2.4.Distribution Channel |
2.2.5.Region |
3. Global Liquid-Filled Hard Capsules Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Liquid-Filled Hard Capsules Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Liquid-Filled Hard Capsules Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Large Capsules |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Medium Capsules |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Small Capsules |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6. Global Liquid-Filled Hard Capsules Market By Route of Administration, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Oral |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Nasal |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Vaginal |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Rectal |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Liquid-Filled Hard Capsules Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Drugs |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Vitamins and Minerals |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Amino Acids |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Peptides and Proteins |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Lipids |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Liquid-Filled Hard Capsules Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Hospital Pharmacies |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Retail Stores |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Drug Stores |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Online Pharmacies |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Others |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. Global Liquid-Filled Hard Capsules Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. North America Liquid-Filled Hard Capsules Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Large Capsules |
10.1.2.Medium Capsules |
10.1.3.Small Capsules |
10.2. Route of Administration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Oral |
10.2.2.Nasal |
10.2.3.Vaginal |
10.2.4.Rectal |
10.2.5.Others |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Drugs |
10.3.2.Vitamins and Minerals |
10.3.3.Amino Acids |
10.3.4.Peptides and Proteins |
10.3.5.Lipids |
10.3.6.Others |
10.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Hospital Pharmacies |
10.4.2.Retail Stores |
10.4.3.Drug Stores |
10.4.4.Online Pharmacies |
10.4.5.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11. Europe Liquid-Filled Hard Capsules Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Large Capsules |
11.1.2.Medium Capsules |
11.1.3.Small Capsules |
11.2. Route of Administration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Oral |
11.2.2.Nasal |
11.2.3.Vaginal |
11.2.4.Rectal |
11.2.5.Others |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Drugs |
11.3.2.Vitamins and Minerals |
11.3.3.Amino Acids |
11.3.4.Peptides and Proteins |
11.3.5.Lipids |
11.3.6.Others |
11.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Hospital Pharmacies |
11.4.2.Retail Stores |
11.4.3.Drug Stores |
11.4.4.Online Pharmacies |
11.4.5.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12.Asia Pacific (APAC) Liquid-Filled Hard Capsules Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Large Capsules |
12.1.2.Medium Capsules |
12.1.3.Small Capsules |
12.2. Route of Administration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Oral |
12.2.2.Nasal |
12.2.3.Vaginal |
12.2.4.Rectal |
12.2.5.Others |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Drugs |
12.3.2.Vitamins and Minerals |
12.3.3.Amino Acids |
12.3.4.Peptides and Proteins |
12.3.5.Lipids |
12.3.6.Others |
12.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Hospital Pharmacies |
12.4.2.Retail Stores |
12.4.3.Drug Stores |
12.4.4.Online Pharmacies |
12.4.5.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13. Middle East and Africa (MEA) Liquid-Filled Hard Capsules Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Large Capsules |
13.1.2.Medium Capsules |
13.1.3.Small Capsules |
13.2. Route of Administration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Oral |
13.2.2.Nasal |
13.2.3.Vaginal |
13.2.4.Rectal |
13.2.5.Others |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Drugs |
13.3.2.Vitamins and Minerals |
13.3.3.Amino Acids |
13.3.4.Peptides and Proteins |
13.3.5.Lipids |
13.3.6.Others |
13.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Hospital Pharmacies |
13.4.2.Retail Stores |
13.4.3.Drug Stores |
13.4.4.Online Pharmacies |
13.4.5.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14. Latin America Liquid-Filled Hard Capsules Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Large Capsules |
14.1.2.Medium Capsules |
14.1.3.Small Capsules |
14.2. Route of Administration Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Oral |
14.2.2.Nasal |
14.2.3.Vaginal |
14.2.4.Rectal |
14.2.5.Others |
14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Drugs |
14.3.2.Vitamins and Minerals |
14.3.3.Amino Acids |
14.3.4.Peptides and Proteins |
14.3.5.Lipids |
14.3.6.Others |
14.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Hospital Pharmacies |
14.4.2.Retail Stores |
14.4.3.Drug Stores |
14.4.4.Online Pharmacies |
14.4.5.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Ajix Inc. |
15.2.2.Bright Pharma Caps Inc. |
15.2.3.Catalent Inc. |
15.2.4.Farmacapsulas S.A. |
15.2.5.Fermentis Life Sciences Pvt. Ltd. |
15.2.6.Fine USA Trading Inc. |
15.2.7.Healthcaps India Ltd. |
15.2.8.Lefancaps LTD. |
15.2.9.Lonza Group Ltd. |
15.2.10.Mitsubishi Chemical Group Corp. |
15.2.11.Nectar Lifesciences Ltd. |
15.2.12.PLX Pharma Inc. |
15.2.13.Sirio Pharma Co. Ltd. |
15.2.14.Thermo Fisher Scientific Inc. |
15.2.15.Zeon Lifesciences Ltd. |
15.2.16.Vantage Nutrition |
15.2.17.INNERCAP Technologies Inc. |
15.2.18.Liquidcapsule Manufacturing LLC |
15.2.19.SuHeung |
15.2.20.Altasciences |
16. Research Methodology |
17. Appendix and Abbreviations |