Latest Trends in Softgel Capsule Market

The global Softgel Capsules Market generated $4.4 billion in 2021 and is estimated to hit $7.5 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031. The report offers a detailed analysis of the changing market trends, key segments, key investment pockets, value chain, regional landscape and competitive landscape. The report is a useful source of information for key market players, new entrants, investors and stakeholders as they strategize for the future and take steps to strengthen their position in the market.
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Covid-19 scenario-
• covid-19 scenario
• The global softgel industry experienced a decline in 2020, due to the global economic downturn caused by COVID-19. Additionally, the pandemic has disrupted the supply chain in several end-user industries, such as food and beverage and healthcare. • However, the market has seen an upswing in 2021, thanks to the rise of self-care and increased adoption of immune-boosting softgel health supplements during the pandemic.
• • In 2021, sales of these supplements increased which fueled the growth of the market. The trend is expected to continue into the future and the market is expected to show stable growth during the forecast period.
The report offers a detailed segmentation of the global softgel capsules market based on type, application, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the gelatin softgel capsules segment accounted for nearly 90% of the overall softgel capsules market in 2021, and is projected to lead the trail by the end of 2031. However, the non-gelatin softgel capsules segment is likely to portray a CAGR of 7.6% during the forecast period.
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According to the application, the segment of the health supplement has contributed to almost half of the global market of the Softgel capsules in 2021 and it is expected that it will maintain its domain until 2031. However, it is likely that the pharmaceutical segment obtains the most compound rate plus 5.8% quick during the forecast. The report also discusses the cosmetics segment.
Based on the distribution channel, the Pharmacy & Drugstore segment captured the largest share of more than half of the global softgel capsules market in 2021 and is likely to show remarkable growth during the forecast period. However, the online suppliers segment should show a 6.9% TCAC during the forecast. The report also analyzes supermarket and hypermarket segments. Based on region, the North America market contributed more than two-fifths of the total softgel capsules market in 2021 and is expected to maintain its dominance during the forecast period. However, Asia-Pacific would grow at the fastest CAGR of 6.9% between 2022 and 2031. The other two provinces discussed in the report include Europa and LAMEA.
The key market players analyzed in the global softgel capsules market report include Aenova Group, Best Formulations, Inc., Captek Softgel International, Inc., Catalant,Inc., DCC Plc. (Eurocaps), Procaps Groups, Robinson Pharma, Inc., Lyfe Group (Caps Canada), Sirio Pharma Co. (Ayanda), and Thermofisher Scientific, Inc. (Patheon).

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