Press release
Softgel Capsules Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Softgel Capsules Market Overview
The Business Research Company presents an extensive market research report on the Softgel Capsules Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The softgel capsules market size has grown strongly in recent years. It will grow from $7.77 billion in 2023 to $8.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to pharmaceutical and nutraceutical demand, consumer preference for oral dosage forms, customization and formulation flexibility, enhanced bioavailability, product differentiation and branding..
The softgel capsules market size is expected to see strong growth in the next few years. It will grow to $11.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to expanding healthcare industry, personalized and customized healthcare, functional food and beverage market, natural and organic trends, focus on elderly population, green and sustainable initiatives.. Major trends in the forecast period include nutraceutical innovation, sustainability initiatives, natural and organic preferences, regulatory compliance..
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Key Market Players:
Major companies operating in the softgel capsules market report are Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd., Procaps Laboratories Inc., Captek Softgel International Inc., Fuji Capsule Co. Ltd., Hunan ER-KANG Pharmaceutical Co. Ltd., Patheon NV, Curtis Health Caps SA, Delpharm Holding SAS, Estrellas Life Sciences Pvt. Ltd., Elnova Pharma LLP, Soft Gel Technologies Inc., Weihai Baihe Biology Technological Co. Ltd., United Laboratories, Robinson Pharma Inc., Thermo Fisher Scientific Inc., Best Formulations Inc., DCC plc, Biophar Lifesciences Pvt. Ltd., Swisschem Healthcare, Krishlar Pharmaceuticals, Amzor Healthcare Pvt. Ltd., Medgel Pvt. Ltd., Amway Corp., Welex Laboratories Pvt. Ltd., NutraScience Labs Inc., Nutrifynn Caps Inc., NutraPak USA, Nutrafill LLC, Nutricap Labs LLC, Nutra Manufacturing Inc., Ion Labs Inc., Vitakem Nutraceutical Inc., Private Label Nutraceuticals LLC, NutraLab Canada Ltd., Makers Nutrition LLC
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. For instance, in September 2022, according to the study published by the Indian Council of Medical Research, an India-based apex body for biomedical research, and the Registrar General and Census Commissioner of India, an India-based government agency for registration activities across the country. Approximately 60% of the global heart disease burden is attributed to India. On World Heart Day 2022, as many as 17.9 million lives worldwide are lost to cardiovascular diseases (CVDs), the leading cause of death worldwide. Therefore, the rising prevalence of chronic ailments such as cardiovascular diseases will drive the soft gel capsules market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/softgel-capsules-global-market-report
The softgel capsules market covered in this report is segmented -
1) By Type: Gelatin or Animal Based, Non-Animal Based
2) By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical 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 And Dietar*y Supplement, Pregnancy
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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