Softgel Capsule Market : Predicted to Grow Expeditiously : to Surpass USD 7.5 Billion During 2021 – 2031 , Claims AMR

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
• Fastest Growing Region: APAC
• Largest Market: North America
• Projection Time: 2022 to 2031
• Base Year: 2022

Major Factors Driving the Growth of Softgel Capsule Market:

• Increase in R&D activities to support usage of softgel capsules, surge in demand for softgel health supplements, rise in consumer awareness related to preventative healthcare, and proliferation of distribution channels.
• Furthermore, improvement in lifestyle pattern, rise in geriatric population, and increase in number of self-directed consumers have fueled the market growth.

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Impact of Covid-19 on Softgel Capsule Market

• The global softgel capsule market has been significantly impacted by the Covid-19 pandemic. With disruptions in the pharmaceutical supply chain and limitations in manufacturing capacities, the market experienced fluctuations in demand and production.
• As health concerns heightened, there was a surge in the consumption of nutraceutical and dietary supplements, driving the demand for softgel capsules. However, logistical challenges and raw material shortages constrained market growth.
• As the world adapts to the post-pandemic landscape, the softgel capsule market is expected to regain momentum, driven by increased focus on preventive healthcare and the rising popularity of personalized medicine.

Here are some examples of how softgel capsule is being used today:

1. Pharmaceutical Industry: Softgel capsules are widely used in the pharmaceutical industry to encapsulate a range of medications, including vitamins, minerals, and oils. They provide an effective means of delivering both water-soluble and oil-soluble active ingredients in a convenient and easily ingestible form, ensuring precise dosing and enhanced bioavailability.
2. Nutraceuticals and Dietary Supplements: The use of softgel capsules has significantly expanded in the nutraceutical and dietary supplement sectors. They are utilized to encapsulate a diverse range of health-promoting compounds such as herbal extracts, omega-3 fatty acids, and botanical oils. Softgel capsules help maintain the stability and integrity of sensitive ingredients, extending their shelf life and ensuring controlled release within the body.
3. Cosmetics and Skincare: Softgel capsules have found their way into the cosmetic and skincare industry, offering a novel approach for delivering various formulations such as anti-aging serums, skin-rejuvenating oils, and beauty supplements. These capsules enable the controlled release of active ingredients, enhancing their penetration into the skin and promoting targeted skincare benefits.
4. Veterinary Medicine: Softgel capsules have gained traction in veterinary medicine, serving as an effective means of administering medications to animals. They facilitate the delivery of veterinary supplements, vitamins, and medications, ensuring precise dosing and improved compliance, especially for pets and livestock where palatability and ease of administration are crucial factors.
5. Industrial Applications: Softgel capsules have also found use in various industrial applications, such as in the encapsulation of dyes, oils, and other specialized chemicals. They provide a convenient and efficient method for handling and delivering these substances in controlled quantities, facilitating their integration into various industrial processes and products.

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Key Takeaways:

• 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.

Softgel Capsule Market Highlights

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Competitive Landscape:

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

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the softgel capsule market analysis from 2021 to 2031 to identify the prevailing softgel capsule market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the softgel capsule market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global softgel capsules market size trends, key players, market segments, application areas, and market growth strategies.

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