Softgel Capsules Market By Type (Gelatin Softgel Capsules, Non-Gelatin softgel Capsules), By Application (Pharmaceuticals, Health Supplements, Cosmetics), By Distribution Channel (Supermarkets and Hypermarkets, Pharmacies and Drug Stores, Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global softgel capsules market was valued at $4,424.23 million in 2021, and is projected to reach $7,499.07 million by 2031, registering a CAGR of 5.4% from 2022 to 2031.
A softgel or soft gelatin capsule is a solid capsule (outer shell) surrounding a liquid or semi-solid center (inner fill). An active ingredient can be incorporated into the outer shell, the inner fill, or both. They are oral dosage form for medicine similar to capsules. There are two types of softgel capsules, namely gelatin softgel capsule and vegetarian softgel capsules. Gelatin sоftgеl іѕ uѕuаllу а ѕіnglе ріесе оf сарѕulе, соmmоnlу mаdе оf gеlаtіn аnd соnѕіѕtѕ оf lіquіd оr оіl-bаѕеd іngrеdіеntѕ. On the other hand, vegetarian softgel capsules are oral dosage of medicines and nutritional supplements delivered in the form of capsules. They are made from starch, pullulan, and cellulose (Hydroxypropyl Methylcellulose).
The growth of global softgel capsules market is majorly driven by increase in demand for softgel capsules owing to rise in number of health-conscious people as well as growth in innovations in the pharmaceutical industry. In addition, rapid development of of e-commerce industry and increase in government expenditure on healthcare are factors responsible for the market growth.
However, poor demand for softgel capsule in underdeveloped countries and high cost of vegetarian softgel capsules are some restraints that hinders the market growth. On the other hand, high growth potential in emerging markets and growth in vegan population are expected to offer profitable opportunities for the growth of the market during the forecast period.
The softgel capsules market is segmented into type, application, distribution channel, and region. By type, the market is categorized into gelatin softgel capsules and non-gelatin softgel capsules. On the basis of application, the market is segregated into pharmaceuticals, health supplements, and cosmetics. By distribution channel, the market is classified into supermarkets & hypermarkets, pharmacies & drug stores, and online providers. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global softgel capsules market are Aenova Group, Best Formulations, Inc., Captek Softgel International, Inc., Catalant, Inc., DCC Plc. (Eurocaps), Procaps Groups, Robinson Pharma, Inc., Lyfe Group (Caps Canada), Sirio Pharma Co. (Ayanda), and Thermofisher Scientific, Inc. (Patheon).
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the softgel capsule market analysis from 2021 to 2031 to identify the prevailing softgel capsule market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the softgel capsule market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global softgel capsule market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Gelatin Softgel Capsules
Non-Gelatin softgel Capsules
Material
Starch
Cellulose
Pullulan
By Application
Pharmaceuticals
Health Supplements
Cosmetics
By Distribution Channel
Supermarkets and Hypermarkets
Pharmacies and Drug Stores
Online Providers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Aenova Group
Best Formulations, Inc.
Captek Softgel International, Inc.
Catalant, Inc.
DCC Plc. (Eurocaps)
Procaps Groups
Robinson Pharma, Inc.
Lyfe Group (Caps Canada)
Sirio Pharma Co. (Ayanda)
Thermofisher Scientific, Inc (Patheon)
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