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Softgel Capsules Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd
Softgel Capsules Global Market Report 2024
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.
Market Overview -
Soft gelatin capsules, also known as softgels or soft elastic capsules, are capsules that dissolve faster than hard gelatin capsules and are used to carry medicine in liquid or powder form. It is used to deliver pharmaceuticals and a variety of nutritional supplements, including omega-3 fish oils.
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Soft Gel Capsules Market Surges As Chronic Diseases Escalate
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.
Competitive Landscape -
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
Iff's Verdigel Sc Sets New Standards In Vegan Softgel Manufacturing
Technological advancements are a key trend gaining popularity in the soft gel capsules market. Major companies operating in the soft gel capsules market are focused on developing new products with the latest technologies to sustain their position in the market. For instance, in April 2023, International Flavors & Fragrances (IFF), Inc., a US-based flavors, fragrances, and cosmetic actives manufacturing company, announced the introduction of VERDIGEL SC, a new pectin-based technology that will further broaden its line of vegan softgels. VERDIGEL SC is an innovative carrageenan-free, vegan softgel technology. This pectin-based premix offers superior softgel quality, performance, and process efficiency, and is designed for easy implementation into existing operations. It requires only the addition of water and a plasticizer to produce high-performance softgels, making it suitable for a wide range of formulations
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Key Segments -
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, Pregnancy
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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