Softgel Capsules Market Analysis, Trends, Growth Prospects Foreccast to 2025
Softgel Capsules are a capsule, having a solid outer shell which is filled with the liquid or semi-solid active ingredient. The soft gel capsules can be incorporated into the outer shell and the inner filled ingredients. The soft gel capsules are utilized to improve the bioavailability of poorly food effect and improve API stability. The soft gel capsules are available with many specifications such as molds, content range, and diameter range. The demand of the soft gel capsules is increasing due to the available customization facilities for the molds and content as per customer needs. The soft gel capsules have many application areas out of which pharmaceutical, cosmetics and health supplements contribute the major shares to the growth of the global soft gel capsules market.
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Softgel Capsules Market – Drivers and Restraints
The global soft gel capsule market is expected to register a significant CAGR over a forecast period. The increasing demand of the soft gel capsules from the growing cosmetics industry to deliver the cosmeceutical in the form of capsule drives the growth of the global soft gel capsules market. The increasing intake of the supplements through capsules, also boost the demand of the soft gel capsules and drives the global soft gel capsules market. The developments in the soft gel capsules in terms of the outer shell and compatibility with the inner ingredients, also propel the use of soft gel capsules by the pharmaceutical industry and become one of the key factors of the global soft gel capsules market.
However, the stringent rules and regulations of the FDA and EU commission about the packaging of the drugs or ingredients through soft gel capsules may hamper the demand of the soft gel capsule and hamper the growth of the global soft gel capsules market.
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Softgel Capsules Market – Region Wise Outlook
The global soft gel capsule market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The APEJ is dominating the global soft gel capsule market and contributing a major share in terms of revenue and volume to the global soft gel capsule market. The increasing demand of the soft gel capsules from the rising pharmaceutical and cosmetics industry contributes to the APEJ market. The North America and Western Europe regions are also the fastest growing soft gel capsules markets due to the increasing use of soft gel capsules in the medicine and cosmetic industry. Eastern Europe and Japan are expected to register a moderate growth rate to the global soft gel capsule market. MEA is at a nascent stage in the global soft gel capsule market. Overall the global soft gel capsule market is expected to register a significant market growth over the forecast period 2016 to 2026.
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Softgel Capsules Market – Key Players
The key players of the global soft gel capsules market are as follows:
Weihai Baihe Biology Technological Co., Ltd.
Captek Softgel International Inc.
Qingdao Donghai Pharmaceutical Co Ltd
GuangDong Yichao Biological CO., LTD.
IVC Industries Inc.
Nature's Bounty, Inc.
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