The Softgel Capsules Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Softgel Capsules Global Market Report 2024, The softgel capsules market size has grown strongly in recent years. It will grow from $7.77billion in 2023 to $8.38billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to pharmaceutical and nutraceutical demand, consumer preference for oral dosage forms, customization and formulation flexibility, enhanced bioavailability, product differentiation and branding.
The softgel capsules market size is expected to see strong growth in the next few years. It will grow to $11.62billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to expanding healthcare industry, personalized and customized healthcare, functional food and beverage market, natural and organic trends, focus on elderly population, green and sustainable initiatives. Major trends in the forecast period include nutraceutical innovation, sustainability initiatives, natural and organic preferences, regulatory compliance.
The rising prevalence of chronic ailments such as cardiovascular diseases is expected to drive the growth of the soft gel capsules market going forward. Chronic diseases refer to ailments that persist for a year or longer, such as cancer, heart disease, stroke, diabetes, cancer, and arthritis. These are the most common chronic illnesses, which can be controlled but not cured and require ongoing nutrition and medical care. Soft gel capsules provide the nutritional supplements required for chronic patients; as a result, the rising prevalence of chronic ailments increases the demand for soft gel capsules. For instance, in September 2022, according to the study published by the Indian Council of Medical Research, an India-based apex body for biomedical research, and the Registrar General and Census Commissioner of India, an India-based government agency for registration activities across the country. Approximately 60% of the global heart disease burden is attributed to India. On World Heart Day 2022, as many as 17.9 million lives worldwide are lost to cardiovascular diseases (CVDs), the leading cause of death worldwide. Therefore, the rising prevalence of chronic ailments such as cardiovascular diseases will drive the soft gel capsules market.
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The softgel capsules market covered in this report is segmented –
1) By Type: Gelatin or Animal Based, Non-Animal Based
2) By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical Companies, Contract Manufacturing Organizations, Softgel Capsules
3) By Application: Antacid And Anti-Flatulent Preparations, Anti-Anemic Preparations, Anti-Inflammatory Drugs, Antibiotic And Antibacterial Drugs, Cough And Cold Preparations, Health Supplement, Vitamin And Dietary Supplement, Pregnancy
Top Major Players:
Catalent Inc.
Eurocaps Ltd.
Capsugel Healthcare Ltd.
Aenova Group GmbH
Sirio Pharma Co. Ltd.
Technological advancements are a key trend gaining popularity in the soft gel capsules market. Major companies operating in the soft gel capsules market are focused on developing new products with the latest technologies to sustain their position in the market. For instance, in April 2023, International Flavors & Fragrances (IFF), Inc., a US-based flavors, fragrances, and cosmetic actives manufacturing company, announced the introduction of VERDIGEL SC, a new pectin-based technology that will further broaden its line of vegan softgels. VERDIGEL SC is an innovative carrageenan-free, vegan softgel technology. This pectin-based premix offers superior softgel quality, performance, and process efficiency, and is designed for easy implementation into existing operations. It requires only the addition of water and a plasticizer to produce high-performance softgels, making it suitable for a wide range of formulations.
The softgel capsules market report table of contents includes:
1. Executive Summary
2. Softgel Capsules Market Characteristics
3. Softgel Capsules Market Trends And Strategies
4. Softgel Capsules Market – Macro Economic Scenario
5. Global Softgel Capsules Market Size and Growth
….
26. Global Softgel Capsules Market Competitive Benchmarking
27. Global Softgel Capsules Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Softgel Capsules Market
29. Softgel Capsules Market Future Outlook and Potential Analysis
30. Appendix
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