The global demand for Softgel Capsules Market is presumed to reach the market size of nearly USD 23.54 BN by 2030 from USD 12.42 BN in 2022 with a CAGR of 8.32% under the study period 2023 - 2030.
A softgel capsule is a type of capsule that is typically used to hold liquid or powdered medicine and dissolves more quickly than a hard gelatin capsule. Its primary constituents are gelatine films that have been plasticized with sorbitol, glycerine, or a similar polyol. Soft gel capsules are usually taken by mouth. Softgel capsules come in various shapes, including oval, round, oblong, tubs, and suppository. Softgel capsules are becoming more popular among patients who have trouble swallowing and consuming medications in other forms, like kids and the elderly.
Market Dynamics
Softgel capsules have taken the place of more difficult-to-manufacture capsules. As a result, the market's expansion is expected to accelerate. The nutraceutical industry's massive demand is expected to drive the softgel capsule market's growth trajectory. Softgel capsules have been shown to be the best formulation for poorly soluble medications and increase the absorption time of most therapeutic compounds. Softgel capsules have gained popularity due to their advantages over tablets and other oral forms. Factors affecting its widespread acceptability include ease of swallowing, flavour masking, better bioavailability, non-reactivity, visually pleasing appearance, and longer shelf life. All these elements are boosting the market growth significantly. The market is being propelled forward by rising demand from health-conscious consumers. Moreover, manufacturers are actively developing innovative empty softgel capsules that are more adaptable and convenient for pharmaceutical, nutraceutical, and cosmeceutical uses, further augmenting the market growth. However, the constraints impeding market expansion are the low stability of softgel capsules containing water-soluble chemicals and the significant price volatility of softgel capsules.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of softgel capsules. The growth and trends of softgel capsules industry provide a holistic approach to this study.
Market Segmentation
This section of the softgel capsules market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Gelatin Softgel Capsules
- Vegetarian Softgel Capsules
By Raw Material
- Type-A Gelatin (Pork Skin)
- Type-B Gelatin
- Fish Bone Gelatin
- Hydroxy Propyl Methyl Cellulose (Hpmc)
- Starch Material
- Pullulan
By End User
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organizations
By Application
- Antacid And Antiflatulent Preparations
- Antianemic Preparations (Hematenic Preparations)
- Anti-Inflammatory Drugs
- Antibiotic And Antibacterial Drugs
- Cough And Cold Preparations
- Cardiovascular Therapy Drugs
- Health Supplements
- Vitamins And Dietary Supplements
- Other Therapeutic Applications
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Softgel Capsules market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Softgel Capsules Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the softgel capsules market include Aenova Group GmbH, Capsugel, Fuji Capsule Co., Ltd., Sirio Pharma Company Limited, Captek Softgel International Inc, Catalent, Inc., EuroCaps Ltd (part of DCC Plc), Guangdong Yichao Biological Co., Ltd, Elnova Pharma, Hunan Er-Kang Pharmaceutical Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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