According to a new Future Market Insights analysis, the worldwide Softgel Capsules Market demand will rise at a 6.0% CAGR from 2022 to 2032, generating substantial potential prospects. The market for Softgel Capsules is predicted to grow from US$ 1.1 billion in 2022 to US$ 1.9 billion by 2032. In 2021, Gelatin Softgel Capsules would have a market share of approximately 75.4%, fueling the worldwide market’s growth. From 2012 to 2021, the global market increased at a rate of roughly 3.9%, accounting for approximately 35.5% of the overall US$ 3.1 Billion global gelatin capsules market in 2021.
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Softgel capsules provide several benefits over typical oral solid dose forms. Consumers appreciate them because of their numerous medication delivery systems, which include chewable and meltable softgels, as well as appealing shapes, sizes, and colours. Gelatin shells form a tight screen around the material, protecting it from contamination by air and other external factors. Softgel capsule formulations increase operator safety by decreasing contamination caused by dust handling, and the shell can also block UV light. Softgel capsules are self-lubricating, which makes them easier to swallow with water than tablets, and they were originally created to disguise the unpleasant taste and odour of medications.
Report Highlights
Vegetarian Softgel Capsules are manufactured by a variety of companies. They are made up of pullulan, starch, and HPMC capsules. This is expected to lead to more product personalisation in the pharmaceutical, cosmetic, and nutraceutical industries, thereby presenting profitable opportunities for Softgel Capsule manufacturers.
Due to the precise compounding, blending, and dispensing of liquid fill materials, an API with a higher degree of accuracy and consistency between different production lots is feasible. Soft gelatin capsule products frequently have higher stability since the full encapsulation process can be completed inertly to protect medications from oxidation and degradation.
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Competitive Landscape
As the market for softgel products is still in its infancy, primary players in the worldwide Softgel Capsules market are continuing to invest in technologies that provide alternatives to standard drug delivery systems. However, some companies continue to offer just hard and soft gelatin capsules in their product line. These companies should expect significant incremental growth if they add Softgel Capsules, vegetarian capsules, and other capsules produced from plant-based gelatin to their product line.
The presence of multiple rivals in the Softgel Capsules business has resulted in a highly fragmented market. These organisations use techniques like as acquisitions and mergers, partnerships and collaborations, and the launch of new products to meet consumer demand and increase their clientele.
Recent Development
- In April 2022, Aenova began building of a new structure for highly potent active chemicals at its Regensburg headquarters. Pharmaceuticals, particularly those for cancer, are produced in modern production facilities that are exceedingly effective.
- Aenova’s most current vegan soft capsules, VegaGels, will be available in November 2020. They follow Chinese, European Union, and American regulations.
Key Players
- Aenova Group GmbH
- Fuji Capsule Co., Ltd
- Sirio Pharma Company Limited
- Catalent, Inc
- EuroCaps Ltd
- Guangdong Yichao Biological Co., Ltd.
- Elnova Pharma
- Others
More Insights into the Softgel Capsules Market
The US is expected to dominate the Softgel Capsules market as it accounted for a total of 88.4% in 2021. The North American region is expected to continue its dominance over the assessment period.
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Key Market Segments Covered in Softgel Capsules Industry Research
By Product:
- Gelatin Softgel Capsules
- Vegetarian Softgel Capsules
By Raw Material:
- Type-A Gelatin (Pork Skin)
- Type-B Gelatin (Animal Bones & Skin)
- Fish Bone Gelatin
- Cellulose Derivatives
- Starch Material
By Application:
- Antacid & Antiflatulent Preparations
- Antianemic Preparations Hematinic Preparations)
- Anti-inflammatory Drugs
- Antibiotic & Antibacterial Drugs
- Cough & Cold Preparations
- Cardiovascular Therapy Drugs
- Health Supplements
- Vitamin & Dietary Supplements
- Other Therapeutic Applications
By End User:
- In-house Manufacturing
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organizations
By Route of Administration:
- Oral Softgels
- Suppositories
- Pessaries
- Twist off Softgels
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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