Softgel Capsule Market Update 2023: Predicted to Surpass USD 7.5 Billion by 2031, Report

The softgel capsules market size was valued at $4.4 billion in 2021, and is estimated to reach $7.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

• CAGR: 5.4 % 
• Current Market Size: USD 4.4 Billion 
• Forecast Growing Region: APAC 
• Largest Market: North America 
• Projection Time: 2021- 2031 
• Base Year: 2021 

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2021?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• Which region has more opportunities?

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Regional analysis of the softgel capsule market reveals the following trends:

• North America: Significant market share driven by pharmaceutical and nutraceutical demand, advanced manufacturing, and growing OTC drug and supplement usage.
• Europe: Prominent region with high demand for pharmaceuticals and nutraceuticals, aging population, and focus on wellness and preventive healthcare.
• Asia Pacific: Rapidly growing market due to large population, rising disposable income, healthcare awareness, and expanding pharmaceutical and nutraceutical industries.
• Latin America: Potential for growth with rising middle-class population, increased healthcare expenditure, and demand for dietary supplements and pharmaceutical products.
• Middle East and Africa: Steady growth supported by improving healthcare infrastructure, growing population, and increased access to pharmaceutical and nutraceutical products.

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Top Softgel Capsule Market Companies

• Aenova Group
• Best Formulations, Inc.
• Captek Softgel International, Inc.
• Catalant, Inc.
• DCC Plc. (Eurocaps)
• Procaps Groups
• Robinson Pharma, Inc.
• Lyfe Group (Caps Canada)
• Sirio Pharma Co. (Ayanda)
• Thermofisher Scientific, Inc (Patheon)

Key findings of the study

• By type, the gelatin softgel capsules segment was highest contributor to the market in 2021.
• By application, the health supplements segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• By distribution channel, the pharmacies & drug stores dominated the market in 2021, and is expected to grow at a CAGR of 5.0%
• Region-wise, North America generated the largest revenue share in 2021, however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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