The Business Research Company’s report on the Softgel Capsules Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the softgel capsules market in recent years?
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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What is the projected market size of the softgel capsules industry, and how is it expected to grow?
The softgel capsules market size has grown strongly in recent years. It will grow from $8.29 billion in 2024 to $8.92 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. 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 $12.67 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. 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.
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Who are the key players driving competition in the softgel capsules market?
Major companies operating in the softgel capsules market are Catalent Inc., Eurocaps Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd., Procaps Laboratories Inc., Captek Softgel International Inc., Fuji Capsule Co. Ltd., Hunan ER-KANG Pharmaceutical Co. Ltd., Curtis Health Caps SA, Delpharm Holding SAS, Estrellas Life Sciences Pvt. Ltd., Elnova Pharma LLP, Soft Gel Technologies Inc., Weihai Baihe Biology Technological Co. Ltd., United Laboratories, Robinson Pharma Inc., Thermo Fisher Scientific Inc., Best Formulations Inc., DCC PLC, Biophar Lifesciences Pvt. Ltd., Swisschem Healthcare, Krishlar Pharmaceuticals, Amzor Healthcare Pvt. Ltd., Medgel Pvt. Ltd., Amway Corp., Welex Laboratories Pvt. Ltd., NutraScience Labs Inc., Nutrifynn Caps Inc., NutraPak USA, Nutrafill LLC, Nutricap Labs LLC, Nutra Manufacturing Inc., Ion Labs Inc., Vitakem Nutraceutical Inc., Private Label Nutraceuticals LLC, NutraLab Canada Ltd., Makers Nutrition LLC
What key trends are expected to drive the soft touch polyurethane coatings market during the forecast period?
Technological advancements are a key trend gaining popularity in the softgel 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
Which key geographies are driving the growth of the softgel capsules market?
North America was the largest region in the soft gel capsules market in 2024. The regions covered in the softgel capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the softgel capsules market?
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
Subsegments:
1) By Gelatin Or Animal Based: Porcine Gelatin, Bovine Gelatin, Fish Gelatin
2) By Non-Animal Based: Vegetarian Capsules, Gelatin Alternatives
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How is the softgel capsules market defined?
Soft gelatin capsules, also known as softgels or soft elastic capsules, are capsules that dissolve faster than hard gelatin capsules and are used to carry medicine in liquid or powder form. It is used to deliver pharmaceuticals and a variety of nutritional supplements, including omega-3 fish oils.
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