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Global Softgel Capsules Market Future Trends, Dynamic Growth And Forecast To 2032
Softgel Capsules Market
Softgel Capsules Market Size, Growth Rate, And Forecast
The global softgel capsules market size is expected to grow from $7.20 billion in 2022 to $7.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The softgel capsules market is expected to grow to $10.27 billion in 2027 at a CAGR of 7.3%.
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Softgel Capsules Market Drivers
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.
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Softgel Capsules Market Segments
1) By Type: Gelatin or Animal Based, Non-Animal Based
2) By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmetic 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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Softgel Capsules Market.
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Softgel Capsules Market Key Players
Major competitors in the Softgel Capsules Market include Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd. (SIRIO), Procaps Laboratories, Captek Softgel International Inc., Fuji Capsule Co. Ltd., Hunan ER-KANG Pharmaceutical Co. Ltd., Patheon, Curtis Health Caps, Delpharm Evreux, Estrellas Life Sciences Pvt. Ltd., Elnova Pharma, and Soft Gel Technologies Inc
The Business Research Company's "Global Softgel Capsules Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Softgel Capsules Market Include:
1. Executive Summary
2. Softgel Capsules Market Characteristics
3. Softgel Capsules Market Trends And Strategies
4. Softgel Capsules Market - Macro Economic Scenario
5. Softgel Capsules Market Size And Growth
......
26. Africa Softgel Capsules Market
27. Softgel Capsules Market Competitive Landscape And Company Profiles
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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