Softgel Capsules Market Forecast to 2032 | By Aenova, Fuji Capsule, Sirio Pharma, EuroCaps, Elnova Pharma
A recent study by Future Market Insights has projected a robust CAGR of 6.0% for the global Softgel Capsules market from 2022 to 2032, creating significant growth opportunities. The Softgel Capsules market size is expected to surge from US$ 1.1 Billion in 2022 to surpass US$ 1.9 Billion by 2032. Gelatin Softgel Capsules hold a market share of about 75.4% in 2021, driving the global market’s growth. Over the historic period of 2012 to 2021, the global market grew at approximately 3.9%, representing about 35.5% of the overall US$ 3.1 Billion global gelatin capsules market in 2021.
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Softgel Capsules offer multiple advantages over traditional oral solid dosage forms. They are increasingly preferred by consumers due to their diverse drug delivery systems, including chewable and meltable softgels, appealing shapes, sizes, and colors. Gelatin shells provide a tight shield to protect the material from contamination by air and external elements. The shell can also block ultraviolet light, and softgel capsule formulations improve operator safety by reducing contamination caused by dust handling. Softgel Capsules are self-lubricating, making them more comfortable to swallow with water than tablets, and they were originally developed to mask the unpleasant taste and odor of pharmaceuticals.
Vegetarian Softgel Capsules are being produced by a number of different businesses. They comprise pullulan, starch, and HPMC capsules. This is anticipated to lead to increased product personalization in the pharmaceutical, cosmetic, and nutraceutical sectors, which could present profitable opportunities for the producers of Softgel Capsules.
Attributing to the exact compounding, blending, and dispensing of liquid fill ingredients, it is possible for an API with a better degree of accuracy and more consistency between various production lots. Since the entire encapsulation process can be completed inertly to safeguard pharmaceuticals against oxidation and degradation, soft gelatin capsule products often have superior stability.
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Primary companies participating in the global Softgel Capsules market are continuing to invest in technologies that provide alternatives to traditional drug delivery systems as the market for softgel products is still in its infancy. However, some businesses continue to only offer hard and soft gelatin capsules in their product offering. If these companies add Softgel Capsules, vegetarian capsules, and other capsules made from plant-based gelatin to their product line, they can anticipate significant incremental growth prospects.
The presence of numerous competitors in the Softgel Capsules industry is making the market highly fragmented. To meet consumer demand and expand their clientele, these companies are using tactics including acquisitions and mergers partnerships and collaborations, and the introduction of new products.
- In April 2022, Aenova began building of a new structure for highly potent active chemicals at its Regensburg headquarters. Pharmaceuticals, particularly those for cancer, are produced in modern production facilities that are exceedingly effective.
- Aenova’s most current vegan soft capsules, VegaGels, will be available in November 2020. They follow Chinese, European Union, and American regulations.
- Aenova Group GmbH
- Fuji Capsule Co., Ltd
- Sirio Pharma Company Limited
- Catalent, Inc
- EuroCaps Ltd
- Guangdong Yichao Biological Co., Ltd.
- Elnova Pharma
More Insights into the Softgel Capsules Market
The US is expected to dominate the Softgel Capsules market as it accounted for a total of 88.4% in 2021. The North American region is expected to continue its dominance over the assessment period.
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Key Market Segments Covered in Softgel Capsules Industry Research
- Gelatin Softgel Capsules
- Vegetarian Softgel Capsules
By Raw Material:
- Type-A Gelatin (Pork Skin)
- Type-B Gelatin (Animal Bones & Skin)
- Fish Bone Gelatin
- Cellulose Derivatives
- Starch Material
- Antacid & Antiflatulent Preparations
- Antianemic Preparations Hematinic Preparations)
- Anti-inflammatory Drugs
- Antibiotic & Antibacterial Drugs
- Cough & Cold Preparations
- Cardiovascular Therapy Drugs
- Health Supplements
- Vitamin & Dietary Supplements
- Other Therapeutic Applications
By End User:
- In-house Manufacturing
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organizations
By Route of Administration:
- Oral Softgels
- Twist off Softgels
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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