Starch Softgel Capsules Market to Grow at a CAGR of 4.7% to reach US$ 548.29 Million By 2027

The starch softgel capsules market was valued at US$ 382.67 million in 2019 and is projected to reach US$ 548.29 million by 2027; it is expected to grow at a CAGR of 4.7% from 2020 to 2027.

The starch soft gel capsules are usually derived from natural sources and are used as nutritional supplements for patients suffering from various medical conditions. These soft gel capsules are usually free of genetic modifications and are manufactured adhering to strict quality standards. The soft gel capsules are available in gelatin as well as non-gelatin composition for people with vegetarian and non-vegetarian preferences. The soft gels are one of the most common and widely used oral dosage forms of pharmaceuticals as well as nutraceuticals.

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Company Profiles
Catalent Inc
Robinson Pharma, Inc.
Hunan Er-Kang Pharmaceutical Co., Ltd.
Procaps
CAPTEK Softgel International Inc.
Softcaps
Fuji Capsule Co., Ltd.
Aenova Holding GmbH
Sirio Pharma Co., Ltd.
Bahrain Pharma

Market Insights
Increasing Availability of Vegetarian Softgel Capsules
The vegetarian softgel capsules have recently become the product of interest in the market. These capsules are a perfect and viable alternative for people willing to consume non-gelatin capsules. The manufacturers are in a need to differentiate their products and brands from the competition in an increasingly crowded and growing marketplace. Apart from pharmaceutical drug delivery, the vegetarian softgel capsules are usually preferred for filling in nutritional supplements.

The general health industry consumer trend is heading toward a clear increase in the demand for natural products and innovative forms of dosage. The vegetarian softgels have a significant benefit as they do not contain any gelatin material derived from animal waste. These starch softgels satisfy the demand of vegetarians as the capsules can be consumed without the fear of any animal infection or disease. In terms of chemical composition, the vegetarian softgels are chemically stable and have a low-moisture content making them less brittle even in low humidity. The companies engaged in manufacturing halal softgel capsules are receiving halal certification from the Islamic Food and Nutrition Council of America (IFANCA). This is expected to cultivate a significant market for these capsules in Muslim-dominated countries.

Application-Based Insights
Based on application, the starch softgel capsules market is segmented into health supplements, pharmaceutical, and others. The health supplements segment held the largest share of the market in 2019, owing to the factors such as capability of softgels to mask odors, elegant in appearance, and easier for swallowing. Moreover, these formulations are considered ideal as they improve the bioavailability and enhance the absorption of essential nutrients. Vitamin and mineral supplements are the most commonly preferred starch softgel health supplements. Additionally, increasing awareness among populace regarding the benefits of health and fitness along with high consumption of sports-associated health nutritional supplements are likely to augment the growth of the segment.

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Strategic Insights
Product launches and expansion strategy are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are commonly adopted by the market players in order to expand its product portfolio.

The market players operating in the starch softgel capsules market adopted the strategy of product innovation to cater to changing customer demand across the world, which also permits the players to maintain their brand name globally.

By Application
Health Supplements
Pharmaceutical
Others

By Distribution Channel
Supermarket and Hypermarket
Pharmacy and Drugstore
Online Provider

Distribution Channel -Based Insights
Based on distribution channel, the starch softgel capsules market is segmented into supermarket and hypermarket, pharmacy and drugstores, and online providers. The pharmacy and drugstore segment held the largest share of the market in 2019. Retail pharmacies in developing countries are emerging as one of the most important sources of advice, included for nutritional supplements and over the counter medicines. The segment is likely to grow over the coming years owing to the increasing trend of a partnership between retailers and large health systems for care assistance to patients leaving the hospitals. However, the online providers segment is anticipated to witness growth at a significant rate during the forecast period.

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This release was published on openPR.