Global Softgel Capsules Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Softgel Capsules Market: Overview

"The Softgel Capsules Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

A softgel is also called as soft gelatin capsule. Softgel shells are a combination of various substances such as, opacifier, water, gelatin, and some form of plasticizer including glycerin, sorbitol, etc. It is a type of solid capsule surrounded by a liquid or semi-solid center or inner fill.

Capsule uses soft gelatin capsule technology, in order to bring a wide number of formulation and commercial benefits to health & nutrition and biopharmaceutical customers. They are type of oral dosage form for medication similar to capsules. The advantages of softgel capsules are no taste, easy to swallow, unit dose delivery, tamper-proof, accommodates a wide variety of compounds filled such as, liquid, gel or paste, semi-solid can be used for delayed or immediate drug delivery, used to improving bioavailability by delivering drug in solution or other absorption enhancing media.

They are used in a wide range of applications including prescription medicines, consumer health, vitamins, and mineral supplements.

Global Softgel Capsules Market: Dynamics

Growing demand for various types of health supplements is a key factors contributing to drive growth of the global market in terms of revenue over the next ten years. In addition, increasing awareness about nutrient deficiencies such as iodine deficiency, iron deficiency, and others, rising adoption of novel technologies by manufacturers, increasing awareness about nutritional supplements such as vitamins, minerals, etc. intake among individual, increasing per capita income level coupled with higher spending on personal healthcare are some of the factors driving the growth of the global softgel capsules market. However, stringent regulatory approvals and product recalls are major factors expected to limit growth of the global market to a significant extent.

Global Softgel Capsules Market: Segment Analysis

Among the type segments, gelatin softgel capsules is expected to register highest growth is expected to maintain its dominance over the forecast years. This is primarily due to its unique functional capabilities and full dissolution properties. Among the application segments, nutraceutical companies are expected to register fastest CAGR, owing to high usage of vitamins, minerals, and other health supplements.

Global Softgel Capsules Market: Trends

The key trend witnessed in the target market is companies manufacturing halal certified softgel capsules are focusing on receiving halal certification from the regulatory bodies – Islamic Food and Nutrition Council of America (IFANCA), in order to gain high market share.

Global Softgel Capsules Market: Regional Analysis

In 2019, the markets in North America is estimated to account for significant market revenue share in the target market, owing to rising inclination towards the consumption of nutraceutical products in countries such as Canada and US. The market in Asia Pacific is estimated to register fastest CAGR over the forecoming years, due to growing pharmaceutical sector in countries including India, China, and Japan are some major factors for driving the growth of softgel capsules in Asia pacific region.

Global Softgel Capsules Market Segmentation:

Segmentation by type:

• Gelatin Softgel Capsules
• Vegetarian Softgel Capsules

 Segmentation by application:

• Antacid & Antiflatulent Preparations
• Antianemic Preparations (Hematenic Preparations)
• Anti-inflammatory Drugs
• Antibiotic & Antibacterial Drugs
• Others (include, Cardiovascular Therapy Drugs, Health Supplements, Vitamin & Dietary Supplements, etc.)

Segmentation by end user:

• Pharmaceutical Companies
• Nutraceutical Companies
• Cosmeceutical Companies
• Contract Manufacturing Organizations

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa