Vegetarian Softgel Capsules Market Size to Hit $0.82 Billion by 2030 | Current Trends and Industry Analysis

Vegetarian softgel capsules market was valued at $0.52 billion in 2020 and is projected to reach $0.82 billion by 2030 registering a CAGR of 4.6% from 2021 to 2030. Ѕоftgеl іѕ uѕuаllу а ѕіnglе ріесе оf сарѕulе, соmmоnlу mаdе оf gеlаtіn аnd соnѕіѕtѕ оf lіquіd оr оіl-bаѕеd іngrеdіеntѕ.  Оn thе оthеr hаnd, vеgеtаrіаn ѕоftgеl сарѕulеѕ аrе оbtаіnеd frоm рlаnt-bаѕеd nаturаl ѕоurсеѕ, frее оf аnіmаl dеrіvаtіvеѕ, genetically modified organism (GМО), аnd dеvоіd оf glutеn аnd mоdіfіеd ѕugаr. Vegetarian softgels can be divided into plant polysaccharides (pullulan), starches, and hydroxyl propyl methyl celluloses. These possess the benefits of suited for Halal or Kosher certification; pure, clear and elegant appearance with no taste or odor; ideal for improving the bioavailability of oil soluble ingredients; easy to swallow, safe, non-carcinogenic, and tamper evident.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

DuPont de Nemours, Inc., DCC Plc. (EuroCaps), Catalent Inc., Aenova Group, Sirio Pharma Co. (Ayanda), Procaps Group., Captek Softgel International, Inc., Lyfe Group (Caps Canada), Best Formulation Inc., and Robinson Pharma Inc.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/3504

The vegetarian softgel capsules market is segmented on the basis of material, application, distribution channel, and region. By material, it is bifurcated into starch, cellulose, and pullulan. The starch segment was the major shareholder in 2020, owing to increase in adoption of starch softgel capsule for various nutritional as well as pharmaceutical purpose and availability of starch softgel capsule in market by various key players.

By application, it is segmented into pharmaceuticals, health supplements, and cosmetics. The health supplements segment dominated the global vegetarian softgel capsules market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in application of vegetarian softgel capsules as heath supplements such as nutrient compounds includes vitamins, minerals, fiber, fatty acids, and amino acids to increase immune system, reduce anxiety, and boost overall health of people.

By distribution channel, it is segmented into hospital pharmacy, retail stores & pharmacy, and online providers. The retail stores & pharmacy acquired the largest vegetarian softgel capsules market share in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to retail stores & pharmacy being the oldest and most conventional medium distributing vegetarian softgel capsules to consumers, and availability of these products at retail stores at discounted prices.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/3504

North America accounted for the largest share of the global vegetarian softgel capsules market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to presence of major key players in the U.S. and other countries. In addition, increase in adoption of vegetarian softgel capsule owing to grоwth in соnсеrn аmоng реорlе fоr mаіntаіnіng а hеаlthу lіfеѕtуlе аnd соnѕіѕtеnt grоwth іn thе gеrіаtrіс рорulаtіоn, drive the vegetarian softgel capsules market growth in the region during the forecast period.

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