New York, United States , June 13, 2024 (GLOBE NEWSWIRE) -- The Global Softgel Capsule Market Size is to Grow from USD 1.25 Billion in 2023 to USD 2.30 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.29% during the projected period.
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Gelatin-based soft gel capsules, sometimes called soft elastic capsules, disintegrate more quickly than hard gelatin capsules when used for liquid or powdered medications. It is present in many pharmaceutical products and dietary supplements, such as omega-3 fish oils. Soft gel capsules have several benefits such as enhanced availability, better absorption, better atmospheric stability, and efficient flavor and odor masking. Traditional capsules have evolved to offer more advantages such tamper-evident features, controlled medicine release, and more options for stronger API formulations due to advancements in manufacturing technology and the introduction of new materials. The distribution of both liquid and solid medications is a practical and effective usage for soft gel capsules. It is versatile enough to be mixed with oils, vitamins, minerals, and prescription drugs, among other ingredients. Softgel capsules are also convinced to have a higher bioavailability than traditional tablet forms, which implies that the active ingredients will be absorbed by the body more effectively. In order to shield delicate substances from air and moisture and increase their potency and longevity, soft gel capsules offer an impenetrable barrier. However, manufacturers and regulatory both are becoming increasingly concerned about the environmental effects of softgel capsule production. The environment be harmed by the use of solvents and other chemicals during the production of gelatin, which also produce waste products.
Browse key industry insights spread across 203 pages with 110 Market data tables and figures & charts from the report on the "Global Softgel Capsule Market Size, Share, and COVID-19 Impact Analysis, By Type (Gelatin Capsules and Non-Gelatin Softgel Capsules), By Manufacturers (Pharmaceutical Companies, Nutraceutical Companies, and, Others), By Application (Health Supplements, Pharmaceuticals, and Cosmetics & Personal Care), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The gelatin softgel capsules segment dominates the market with the largest market share through the predicted time frame.
On the basis of type, the global softgel capsule market is categorized into gelatin softgel capsules and non-gelatin softgel capsules. Among these, the gelatin softgel capsules segment dominates the market with the largest market share through the predicted time frame. Manufacturers continue to use gelatin as their ingredient of choice since it has so many benefits over alternatives. The market appreciation of this product has been largely attributed to its amazing attributes, which include its inert and clean-label nature, ease of digestion, effective tamper-evident capsule manufacture, superior mechanical resistance, high-quality seals, patient compliance, and abundant availability as a resource.
The pharmaceutical companies segment is anticipated to grow at the fastest CAGR growth through the predicted time frame.
On the basis of manufactures the global softgel capsule market is categorized into pharmaceutical companies, nutraceutical companies, and others. Among these, the pharmaceutical companies segment is anticipated to grow at the fastest CAGR growth through the predicted time frame. Softgel capsule production has expanded dramatically in the pharmaceutical industry since these companies have large R&D and production capabilities. Softgel solutions are crucial and assist segmental expansion.
The health supplements segment accounted for the largest revenue share through the predicted time frame.
On the basis of application the global softgel capsule market is categorized into, health supplements, pharmaceuticals, and cosmetics & personal care. Among these, the health supplements segment accounted for the largest revenue share through the predicted time frame. This is connected to an increase in softgel capsule use as dietary supplements that include vitamins, minerals, fiber, fatty acids, and amino acids among other elements to strengthen immunity, reduce anxiety, and enhance overall health.
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North America is expected to hold the largest share of the global softgel capsule market over the forecast period.
North America is expected to hold the largest share of the global softgel capsule market over the forecast period. North America's softgel capsule market has emerged as the dominant regional player. This is due to the strong healthcare infrastructure and investment in countries like the United States, as well as the fact that major capsule manufacturers are heavily represented in the area and have production facilities there. These firms have made large investments in research and development (R&D) to produce unique softgel dosage formulations that target various medicinal purposes. Furthermore, the region dominates global capsule exports through trade agreements. North America's capacity to stay at the top of this business has been made possible by opportunities for the launch of novel products, overall stability, and a supportive regulatory environment.
Asia Pacific is expected to grow at the fastest CAGR growth of the global softgel capsule care market during the forecast period. The developing pharmaceutical industry in Asia and its manufacturing capacities, the growing scientific base and capabilities in the region, and the sizeable patient base across the Asia Pacific region are all contributing to the growth of this regional market. The Asia Pacific region offers huge development potential and low manufacturing costs, which are driving many worldwide pharmaceutical manufacturers to modernize their existing facilities or construct new ones.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global softgel capsule market include Sirio Pharma Company Limited, Catalent, Inc, Euro Caps Ltd, Guangdong Yichao Biological Co., Ltd, Aenova Group, CAPTEK Softgel International Inc, Thermo Fisher Scientific Inc, EyePoint Pharmaceuticals, Inc, Windzor Pharma Ltd, Lonza Capsules & Health Ingredients, ProCaps Laboratories, LLC, Soft Gel Technologies, Inc, Elnova Pharma, Captek Softgel International Inc, Hunan Er-Kang Pharmaceutical Co., Ltd, Others.
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Recent Developments
- In December 2023, Amneal Pharmaceuticals, Inc., a pharmaceutical company and Strides Pharma Science Limited, a pharmaceutical company, announced the addition ofIcosapent ethyl acid soft gel capsules, a product referencing vascepa. The product has been in-licensed from Strides, a global pharmaceutical manufacturer, and will be commercialized by Amneal Pharmaceuticals, Inc., starting in the fourth quarter of 2023.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global softgel capsule market based on the below-mentioned segments:
Global Softgel Capsule Market, By Type
- Gelatin Capsules
- Non-Gelatin Softgel Capsules
Global Softgel Capsule Market, By Manufactures
- Pharmaceutical Companies
- Nutraceutical Companies
- Others
Global Softgel Capsule Market, By Application
- Pharmaceuticals
- Health Supplements
- Cosmetics & Personal Care
Global Softgel Capsule Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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