Global Softgel Capsules market trends 2024, Forecast To 2033
4 Mar, 2024
The softgel capsules market size has experienced strong growth in recent years, rising from$7.77 billion in 2023 to$8.38 billion in 2024, with a compound annual growth rate (CAGR) of 7.9%. This 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, and product differentiation and branding. Looking ahead, the softgel capsules market is poised for strong growth, reaching$11.62 billion in 2028, with a compound annual growth rate (CAGR) of 8.5%. This growth in the forecast period can be attributed to the expanding healthcare industry, personalized and customized healthcare, functional food and beverage market, natural and organic trends, focus on the elderly population, and green and sustainable initiatives. Major trends in the forecast period include nutraceutical innovation, sustainability initiatives, natural and organic preferences, and regulatory compliance.
Global Softgel Capsules Market Key Driver
The soft gel capsules market is expected to witness growth fueled by the rising prevalence of chronic ailments, particularly cardiovascular diseases, which continue to pose significant health challenges globally. Chronic diseases, including heart disease, stroke, and diabetes, require ongoing medical care and nutritional supplements, driving the demand for soft gel capsules. Notably, cardiovascular diseases account for a substantial portion of the global disease burden, with India alone bearing around 60% of the burden, as reported by the Indian Council of Medical Research and the Registrar General and Census Commissioner of India in September 2022. With cardiovascular diseases claiming approximately 17.9 million lives worldwide annually, the demand for soft gel capsules is projected to rise, driven by the growing prevalence of chronic ailments.
Get A Free Sample Of The Global Softgel Capsules Market ReportGlobal Softgel Capsules Market Segments
The global 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 Dietary Supplement, Pregnancy
By Geography: The regions covered in the softgel capsules market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the soft gel capsules market in 2023. The regions covered in the softgel capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Softgel Capsules Industry Players
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
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Softgel Capsules 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.
Softgel Capsules Global Market Report 2023 provides data on the global softgel capsules market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The softgel capsules market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.