Summary

The global market for Hard Capsules was estimated to be worth US$ 1969 million in 2024 and is forecast to a readjusted size of US$ 2446 million by 2031 with a CAGR of 3.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Hard Capsules cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Hard Capsules, also called Empty Capsules, or two-pieces capsules, are a type of capsules that made by two pieces to pre-lock before filling the medicine or other materials. This report only study about empty capsule shells.

Hard Capsules Market Drivers
1. Rising Demand for Pharmaceutical Products
This is the most significant driver. The entire pharmaceutical industry is expanding, and capsules are a preferred dosage form.
Aging Global Population: Older adults consume significantly more medication than younger demographics for chronic conditions like cardiovascular diseases, diabetes, and arthritis. This directly increases the demand for capsules.
Increasing Prevalence of Chronic Diseases: The global rise in chronic illnesses necessitates long-term medication, much of which is delivered in capsule form due to its ease of use and consistent dosing.
Expansion of Generic Drugs: As patents expire on blockbuster drugs, generic manufacturers often produce capsule versions due to their cost-effectiveness and consumer acceptance.
2. Consumer Preference for Capsules over Tablets
Patients and consumers actively choose capsules for several reasons:
Ease of Swallowing: Capsules are generally smoother and easier to swallow than tablets, which is a critical factor for pediatric and geriatric populations.
Masking Taste and Odor: The shell effectively encapsulates unpleasant-tasting or smelling active ingredients, improving patient compliance, especially for bitter drugs or herbal extracts.
Perceived Efficacy: Many consumers perceive capsules as "faster-acting" or more "modern" and effective compared to traditional tablets.
3. Growth of the Nutraceutical and Dietary Supplements Industry
This is a massive and rapidly growing segment for hard capsule manufacturers.
Health and Wellness Trend: Consumers are increasingly proactive about their health, driving demand for vitamins, minerals, probiotics, and specialty supplements (e.g., fish oil, turmeric, herbal extracts).

Preferred Delivery Form: Hard capsules are the ideal delivery system for many nutraceutical powders and oils, protecting the contents from oxygen and moisture degradation.
Branding and Customization: Capsules can be manufactured in various sizes and colors, allowing brands to create distinctive and recognizable products.
This report aims to provide a comprehensive presentation of the global market for Hard Capsules, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Hard Capsules by region & country, by Type, and by Application.
The Hard Capsules market size, estimations, and forecasts are provided in terms of sales volume (M Capsules) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hard Capsules.

Market Segmentation
By Company
Longza (Capsugel)
ACG Associated Capsules
Qualicaps
Suheung
CapsCanada
Shangxi GS Capsule
Qingdao Yiqing
Anhui Huangshan Capsule
Levecaps
Er-kang
Natural Capsules
Sunil Healthcare
HealthCaps India
Segment by Type
Gelatin
Non-Animal
Segment by Application
Health Supplements
Pharmaceutical
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Hard Capsules manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Hard Capsules in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Hard Capsules in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Hard Capsules Product Introduction
1.2 Global Hard Capsules Market Size Forecast
1.2.1 Global Hard Capsules Sales Value (2020-2031)
1.2.2 Global Hard Capsules Sales Volume (2020-2031)
1.2.3 Global Hard Capsules Sales Price (2020-2031)
1.3 Hard Capsules Market Trends & Drivers
1.3.1 Hard Capsules Industry Trends
1.3.2 Hard Capsules Market Drivers & Opportunity
1.3.3 Hard Capsules Market Challenges
1.3.4 Hard Capsules Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Hard Capsules Players Revenue Ranking (2024)
2.2 Global Hard Capsules Revenue by Company (2020-2025)
2.3 Global Hard Capsules Players Sales Volume Ranking (2024)
2.4 Global Hard Capsules Sales Volume by Company Players (2020-2025)
2.5 Global Hard Capsules Average Price by Company (2020-2025)
2.6 Key Manufacturers Hard Capsules Manufacturing Base and Headquarters
2.7 Key Manufacturers Hard Capsules Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Hard Capsules
2.9 Hard Capsules Market Competitive Analysis
2.9.1 Hard Capsules Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Hard Capsules Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hard Capsules as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Gelatin
3.1.2 Non-Animal
3.2 Global Hard Capsules Sales Value by Type
3.2.1 Global Hard Capsules Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Hard Capsules Sales Value, by Type (2020-2031)
3.2.3 Global Hard Capsules Sales Value, by Type (%) (2020-2031)
3.3 Global Hard Capsules Sales Volume by Type
3.3.1 Global Hard Capsules Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Hard Capsules Sales Volume, by Type (2020-2031)
3.3.3 Global Hard Capsules Sales Volume, by Type (%) (2020-2031)
3.4 Global Hard Capsules Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Health Supplements
4.1.2 Pharmaceutical
4.2 Global Hard Capsules Sales Value by Application
4.2.1 Global Hard Capsules Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Hard Capsules Sales Value, by Application (2020-2031)
4.2.3 Global Hard Capsules Sales Value, by Application (%) (2020-2031)
4.3 Global Hard Capsules Sales Volume by Application
4.3.1 Global Hard Capsules Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Hard Capsules Sales Volume, by Application (2020-2031)
4.3.3 Global Hard Capsules Sales Volume, by Application (%) (2020-2031)
4.4 Global Hard Capsules Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Hard Capsules Sales Value by Region
5.1.1 Global Hard Capsules Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Hard Capsules Sales Value by Region (2020-2025)
5.1.3 Global Hard Capsules Sales Value by Region (2026-2031)
5.1.4 Global Hard Capsules Sales Value by Region (%), (2020-2031)
5.2 Global Hard Capsules Sales Volume by Region
5.2.1 Global Hard Capsules Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Hard Capsules Sales Volume by Region (2020-2025)
5.2.3 Global Hard Capsules Sales Volume by Region (2026-2031)
5.2.4 Global Hard Capsules Sales Volume by Region (%), (2020-2031)
5.3 Global Hard Capsules Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Hard Capsules Sales Value, 2020-2031
5.4.2 North America Hard Capsules Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Hard Capsules Sales Value, 2020-2031
5.5.2 Europe Hard Capsules Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Hard Capsules Sales Value, 2020-2031
5.6.2 Asia Pacific Hard Capsules Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Hard Capsules Sales Value, 2020-2031
5.7.2 South America Hard Capsules Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Hard Capsules Sales Value, 2020-2031
5.8.2 Middle East & Africa Hard Capsules Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Hard Capsules Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Hard Capsules Sales Value and Sales Volume
6.2.1 Key Countries/Regions Hard Capsules Sales Value, 2020-2031
6.2.2 Key Countries/Regions Hard Capsules Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Hard Capsules Sales Value, 2020-2031
6.3.2 United States Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Hard Capsules Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Hard Capsules Sales Value, 2020-2031
6.4.2 Europe Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Hard Capsules Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Hard Capsules Sales Value, 2020-2031
6.5.2 China Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.5.3 China Hard Capsules Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Hard Capsules Sales Value, 2020-2031
6.6.2 Japan Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Hard Capsules Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Hard Capsules Sales Value, 2020-2031
6.7.2 South Korea Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Hard Capsules Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Hard Capsules Sales Value, 2020-2031
6.8.2 Southeast Asia Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Hard Capsules Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Hard Capsules Sales Value, 2020-2031
6.9.2 India Hard Capsules Sales Value by Type (%), 2024 VS 2031
6.9.3 India Hard Capsules Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Longza (Capsugel)
7.1.1 Longza (Capsugel) Company Information
7.1.2 Longza (Capsugel) Introduction and Business Overview
7.1.3 Longza (Capsugel) Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Longza (Capsugel) Hard Capsules Product Offerings
7.1.5 Longza (Capsugel) Recent Development
7.2 ACG Associated Capsules
7.2.1 ACG Associated Capsules Company Information
7.2.2 ACG Associated Capsules Introduction and Business Overview
7.2.3 ACG Associated Capsules Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 ACG Associated Capsules Hard Capsules Product Offerings
7.2.5 ACG Associated Capsules Recent Development
7.3 Qualicaps
7.3.1 Qualicaps Company Information
7.3.2 Qualicaps Introduction and Business Overview
7.3.3 Qualicaps Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Qualicaps Hard Capsules Product Offerings
7.3.5 Qualicaps Recent Development
7.4 Suheung
7.4.1 Suheung Company Information
7.4.2 Suheung Introduction and Business Overview
7.4.3 Suheung Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Suheung Hard Capsules Product Offerings
7.4.5 Suheung Recent Development
7.5 CapsCanada
7.5.1 CapsCanada Company Information
7.5.2 CapsCanada Introduction and Business Overview
7.5.3 CapsCanada Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 CapsCanada Hard Capsules Product Offerings
7.5.5 CapsCanada Recent Development
7.6 Shangxi GS Capsule
7.6.1 Shangxi GS Capsule Company Information
7.6.2 Shangxi GS Capsule Introduction and Business Overview
7.6.3 Shangxi GS Capsule Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Shangxi GS Capsule Hard Capsules Product Offerings
7.6.5 Shangxi GS Capsule Recent Development
7.7 Qingdao Yiqing
7.7.1 Qingdao Yiqing Company Information
7.7.2 Qingdao Yiqing Introduction and Business Overview
7.7.3 Qingdao Yiqing Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Qingdao Yiqing Hard Capsules Product Offerings
7.7.5 Qingdao Yiqing Recent Development
7.8 Anhui Huangshan Capsule
7.8.1 Anhui Huangshan Capsule Company Information
7.8.2 Anhui Huangshan Capsule Introduction and Business Overview
7.8.3 Anhui Huangshan Capsule Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Anhui Huangshan Capsule Hard Capsules Product Offerings
7.8.5 Anhui Huangshan Capsule Recent Development
7.9 Levecaps
7.9.1 Levecaps Company Information
7.9.2 Levecaps Introduction and Business Overview
7.9.3 Levecaps Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Levecaps Hard Capsules Product Offerings
7.9.5 Levecaps Recent Development
7.10 Er-kang
7.10.1 Er-kang Company Information
7.10.2 Er-kang Introduction and Business Overview
7.10.3 Er-kang Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Er-kang Hard Capsules Product Offerings
7.10.5 Er-kang Recent Development
7.11 Natural Capsules
7.11.1 Natural Capsules Company Information
7.11.2 Natural Capsules Introduction and Business Overview
7.11.3 Natural Capsules Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Natural Capsules Hard Capsules Product Offerings
7.11.5 Natural Capsules Recent Development
7.12 Sunil Healthcare
7.12.1 Sunil Healthcare Company Information
7.12.2 Sunil Healthcare Introduction and Business Overview
7.12.3 Sunil Healthcare Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Sunil Healthcare Hard Capsules Product Offerings
7.12.5 Sunil Healthcare Recent Development
7.13 HealthCaps India
7.13.1 HealthCaps India Company Information
7.13.2 HealthCaps India Introduction and Business Overview
7.13.3 HealthCaps India Hard Capsules Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 HealthCaps India Hard Capsules Product Offerings
7.13.5 HealthCaps India Recent Development
8 Industry Chain Analysis
8.1 Hard Capsules Industrial Chain
8.2 Hard Capsules Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Hard Capsules Sales Model
8.5.2 Sales Channel
8.5.3 Hard Capsules Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer