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Softgel Capsules Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Softgel Capsules Market Research
As per the report, 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 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%.
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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.
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
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 Supplemen*t, Pregnancy
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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
Contents of the report:
1. Executive Summary
2. Softgel Capsules Market Report Structure
3. Softgel Capsules Market Trends And Strategies
4. Softgel Capsules Market - Macro Economic Scenario
5. Softgel Capsules Market Size And Growth
…..
27. Softgel Capsules Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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