Softgel Capsules Market to Witness Promising Growth Opportunities and Forecast upto 2030
Softgel capsules, also known as soft gelatin capsules, are sourced from natural sources and can be administered orally. Its essential elements include gelatine films, plasticized using sorbitol, glycerine, or an identical polyol. Due to its advantages over tablets, such as ease of swallowing, taste masking, improved bioavailability, non-reactive, aesthetically appealing, and longer shelf life, softgel capsules are gaining wider adoption across the globe. They are found in different shapes like oval, round, oblong, tubs, and suppository, among others.
The global softgel capsules market was valued at USD 4.88 billion in 2021 and is expected to grow at a CAGR of 9.2% during the forecast period.
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Prominent Key Players – Covered in the report: Aenova, Capsugel, Captek, Catalent, Elnova Pharma, Eurocaps, Fuji Capsules Co Ltd, Guangdong Yichao Biological Co., Ltd, Hunan ER-KANG Pharmaceutical Co Ltd, Patheon, Procaps Laboratories, Sirio Pharma, Soft gel Technologies Inc.
Softgel capsules are specially manufactured for those who have difficulty ingesting and taking drugs in other forms, such as children and the geriatric population. They are made of mainly three elements gelatine or other products, plasticizer, and water. In addition, colors and opacifiers are added to enhance their visual appeal. The nutraceutical industry is majorly driving the growth of the global softgel capsules market.
Softgel Capsules Market: Growth Driving Factors
The growing cases of chronic diseases such as cardiovascular diseases and the rising number of clinical trials for the softgel capsules are boosting the market demand. Growing production of gelatin is fueling the industry development because softgel capsules are obtained through gelatin. Also, rising investments by the major vendors in the R&D activities coupled with increasing inclination toward the natural products among the populace is further favoring the market growth over the forecast period. Advantages of better-quality capsule features, such as hydrophilic sandwich (HS) pills, crew caps, and duo caps, have led to increasing industry demand. Moreover, growing advancements in the pharmaceutical industry and growing awareness about health-consciousness among consumers are expected to create a lucrative opportunity for the market over the foreseen period.
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Softgel Capsules Market: Segmentation
- Based on type, the market is segmented into gelatin based/animal based, and non-animal based.
- Based on application, the market is categorized into antacid and anti-flatulent preparations, anti-anemic preparations, anti-inflammatory drugs, antibiotic and antibacterial drugs, cough and cold preparations, health supplements, vitamin, and dietary supplements, and pregnancy.
- On the basis of the manufacturer, the market is bifurcated into pharmaceutical companies, nutraceutical companies, cosmeceutical companies, and contract manufacturing organization.
Geographic Overview: Softgel Capsules Market
Geographically, North America held the largest market share in the global market in 2021. This progress can be attributed to rising R&D activities and high expenditure by the major players, the availability of superior technologies, the presence of key players, and growing investments in R&D to expand the product portfolio. Furthermore, the increasing awareness of health & fitness among the population and the rising presence of key pharma companies in the region is boosting the industry demand.
Moreover, Asia Pacific is also anticipated to generate the highest growth rate in the global market over the forecast period. The growing number of generic medicine manufacturers across India and China, along with increasing economic conditions, is accelerating the market growth. In addition, the growing, rising investments in health & wellness products by the government also create lucrative opportunities for market growth in the near future.
- In October 2020, Catalent introduced the new OptiGel DR technology for the formulation and production of delayed/enteric release softgels.
- In February 2021, Catalent announced the launch of its CosmoPod Duo softgel capsule technology.
Softgel Capsules Market: By Type Outlook
- Gelatin based/Animal-based
- Non-animal based
Softgel Capsules Market: By Application Outlook
- Antacid and anti-flatulent preparations
- Anti-anemic preparations
- Anti-inflammatory drugs
- Antibiotic and antibacterial drugs
- Cough and cold preparations
- Health supplement
- Vitamin and dietary supplement
Softgel Capsules Market: By Manufacturers Outlook
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organization
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