Vegetarian Softgel Capsules Market by Material (Starch, Cellulose, and Pullulan), Application (Pharmaceuticals, Health Supplements, and Cosmetics), and Distribution Channel (Hospital Pharmacy, Retail Stores & Pharmacy, and Online Providers): Global Opportunity Analysis and Industry Forecast, 2021-2030.
The global vegetarian softgel capsules market was valued at $527.28 million in 2020 and is projected to reach $824.39 million by 2030 registering a CAGR of 4.6% from 2021 to 2030.
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). These capsules are a durable, stable, and viable substitute for animal gelatin and are available in a wide range of colors, shapes, fill materials, & sizes. These comprise an outer shell that is solid, and an inner shell that contains an active ingredient, which is of liquid or semi-solid materials. Vegetarian softgel capsules do not contain gluten or modified sugar. They are chemically stable and conceal the taste and odor of the ingredients inside.
The main factor that drives the growth of the vegetarian softgel capsules market includes surge in vegan population. In addition, availability of natural raw materials for the formulation of vegetarian softgel capsules boost the growth of the market. Furthermore, increase in adoption of vegetarian softgel capsules owing to its advantages and application, fuels the growth of the market.
Conversely, high manufacturing cost of vegetarian softgel capsules owing to their specialized raw material and production processes are expected to limit the growth of the market during the forecast years. On the other hand, surge in innovations in the pharmaceutical industry for the production of softgel capsule owing to massive pool of health-conscious consumers are expected to offer profitable opportunities for the growth of the market during the forecast period.
The vegetarian softgel capsules market is segmented on the basis of material, application, distribution channel, and region to provide a detailed assessment of the market. By material, the market is divided into starch, cellulose, and pullulan. By application, it is classified into pharmaceuticals, health supplements, and cosmetics. By distribution channel, it is categorized into hospital pharmacy, retail stores & pharmacy, and online providers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global vegetarian softgel capsules market along with the current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps to understand the application and products of vegetarian softgel capsules used across the globe.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS
By Material
Starch
Cellulose
Pullulan
By Application
Pharmaceuticals
Health Supplements
Cosmetics
By Distribution Channel
Hospital Pharmacy
Retail Stores & Pharmacy
Online Providers
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Aenova Group
Best Formulations, Inc.
Captek Softgel International, Inc.
Catalent Inc.
DCC Plc. (EuroCaps)
DuPont de Nemours, Inc.
Lyfe Group (Caps Canada)
Procaps Group
Robinson Pharma Inc.
Sirio Pharma Co. (Ayanda)
List of Company Profiles
DuPont de Nemours, Inc.
DCC Plc. (EuroCaps)
Catalent Inc.
Aenova Group
Sirio Pharma Co. (Ayanda)
Procaps Group.
Captek Softgel International, Inc.
Lyfe Group (Caps Canada)
Best Formulation Inc.
Robinson Pharma Inc.
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