Softgel Capsules Market Is Expected to Accelerate at a Whopping 5.5% CAGR by 2031

By the end of 2021, the market for Softgel Capsules had grown at a CAGR of 4.9% over the previous five years, reaching US$42.72 billion.

Softgel Capsules, which made up more than 30% of the demand for films globally, are expected to grow at a 6.2% CAGR through 2032, producing an absolute $ potential of US$ 38.66 billion over the following ten years. Due to their superior heat resistance, polyester Softgel Capsules have proven to be the most alluring material, with a market value of US$11.49 billion by the end of 2021. By the end of 2032, the market for EVA Softgel Capsules is expected to be valued at around US$19.11 billion, with an overall growth rate of 7.5%.

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Key Insights & Findings Covered in Softgel Capsules Market:

• The gelatin segment accounted for the largest revenue share in 2021 due to its advantages over any other excipient in the excipient industry

• The vitamins and dietary supplements segment held the largest share in 2021 in the application outlook

• Nutraceutical held the largest revenue-generating segment in manufacturer market, owing to the Increasing awareness of health supplements among developing nations and growing number of production houses, and surge in sales due to Covid-19 pandemic

• North America held the largest share in the market due to the Improved production technology, presence of major players within the region and increased expenditure on R&D to widen their product portfolio

Competitive Landscape:

With the competition getting stricter, softgel capsule manufactures are developing a wider variety of products in order to fully leverage the industry's potential.

For instance,
• Catalent, Inc. launched its new Joint Comfort Softgel containing LONGVIDA®, Cognitive Support Softgel featuring Neumentix™, and others, over the last 5 years.
• KD Pharma Group launched its new extensive KD Nutra® Softgel Solutions a couple of years back.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

List of Key Players in Softgel Capsules Market:

• Capsugel (Lonza) (New Jersey, U.S.)
• Sirio Pharma Co., Ltd. (Guangdong, China)
• Catalent, Inc (New Jersey, U.S.)
• Aenova Holding GmbH (Munich, Germany)
• Fuji Capsule Co., Ltd. (Shizuoka, Japan)
• CAPTEK Softgel International Inc. (California, U.S.)
• Curtis Health Caps (Wielkopolskie, Poland)
• EuroCaps Ltd (South Wales, UK)
• Other prominent players

Softgel Capsules Market Report Scope:

The latest report on 'softgel capsules' by Fact.MR provides detailed analysis on the global industry growth scope, potential, demand-supply patterns, and crucial factors for the forecast period of 2021 to 2031.

Market Segmentation by Category:

• By Product :
o Gelatin Softgel Capsules
o Non-Gelatin Softgel Capsules

• By Application :
o Pharmaceuticals
o Healthcare

• By Region :
o North America
o Latin America
o Europe
o Middle East and Africa (MEA)
o East Asia
o South Asia
o Oceania

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Which Product Accounts for High Revenue of Softgel Capsule Market Providers?

Presently, gelatin softgel capsules are the most sought-after in terms of product, and are set to remain in the leading position through 2031. Various features make them highly preferred across diverse end uses, such as-
• Full protection and encapsulation of sensitive ingredients from tampering
• Ideal for fat-soluable formulations and oils
• Better in terms of digestion

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This release was published on openPR.