Dublin, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The "Softgel Capsules Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global softgel capsules market is anticipated to grow from $7.20 billion in 2022 to $7.75 billion in 2023, with a Compound Annual Growth Rate (CAGR) of 7.7%. By 2027, the market is expected to reach $10.27 billion at a CAGR of 7.3%.
The market report provides comprehensive insights into the softgel capsules industry, including global market size, regional distribution, competitive landscape, market segments, trends, opportunities, and future prospects. This report aims to offer a complete perspective on the industry's current and future scenarios.
Key Trends:
- Technological advancements are prominent, with major players developing new products using the latest technologies to maintain market position.
- In November 2020, Roquette launched LYCAGEL, a pharmaceutical-grade solution for vegetarian soft gel capsule formulation using pea starch technology.
- In August 2021, Catalent, Inc. acquired Bettera Holdings, LLC, enhancing their softgel and oral dose formulation business to provide comprehensive solutions to consumer health innovators.
Market Overview:
- North America led the softgel capsules market in 2022.
- The regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
- Countries in the report: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Drivers:
- The rising prevalence of chronic diseases like cardiovascular ailments is projected to drive market growth.
- Chronic illnesses require ongoing medical care and nutritional supplements, increasing demand for soft gel capsules.
- The US alone spends $3.7 trillion annually (19.6% of GDP) on chronic illnesses.
Segments:
- Soft gel capsules market consists of various types, including liquid or semisolid-filled capsules, chewable, suckable, twist-off, and meltable capsules.
- Market value encompasses goods sold by manufacturers, including related services.
- Market value also includes consumption values, which are revenues generated within the specified market and geography, regardless of production location.
Key Benefits:
- The report aids in assessing market opportunities with a global perspective.
- It addresses the impact of COVID-19 on the market and other external factors.
- The report evaluates the influence of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and the market.
- It measures the impact of high global inflation on market growth and suggests strategies based on local data and analysis.
Key Questions Answered:
- Where is the largest and fastest growing market for softgel capsules?
- How does the market relate to the overall economy, demography and other similar markets?
- What forces will shape the market going forward?
The global softgel capsules market report addresses these questions and more, covering market characteristics, size, growth, segmentation, regional breakdowns, competitive landscape, trends, and strategies. It tracks the market's historic and forecast growth by geography.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $7.75 billion |
| Forecasted Market Value (USD) by 2027 | $10.27 billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
Major players in the Softgel Capsules market are
- Catalent Inc
- Eurocaps Ltd
- Capsugel Healthcare Ltd
- Aenova Group GmbH
- Sirio Pharma Co. Ltd (SIRIO)
- Procaps Laboratories
- Captek Softgel International Inc
- Fuji Capsule Co., Ltd
- Hunan ER-KANG Pharmaceutical Co Ltd
- Patheon
- Curtis Health Caps
- Delpharm Evreux
- Estrellas Life Sciences Pvt. Ltd
- Elnova Pharma
- Soft Gel Technologies Inc.
Key Topics Covered:
1. Executive Summary
2. Softgel Capsules Market Characteristics
3. Softgel Capsules Market Trends And Strategies
4. Softgel Capsules Market - Macro Economic Scenario
4.1. COVID-19 Impact On Softgel Capsules Market
4.2. Ukraine-Russia War Impact On Softgel Capsules Market
4.3. Impact Of High Inflation On Softgel Capsules Market
5. Softgel Capsules Market Size And Growth
5.1. Global Softgel Capsules Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Softgel Capsules Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Softgel Capsules Market Segmentation
6.1. Global Softgel Capsules Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Gelatin or Animal Based
- Non-Animal Based
6.2. Global Softgel Capsules Market, Segmentation By Manufacturers, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organizations
- Softgel Capsules
6.3. Global Softgel Capsules Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Antacid And Anti-Flatulent Preparations
- Anti-Anemic Preparations
- Anti-Inflammatory Drugs
- Antibiotic And Antibacterial Drugs
- Cough And Cold Preparations
- Health Supplement
- Vitamin And Dietary Supplement
- Pregnancy
7. Softgel Capsules Market Regional And Country Analysis
7.1. Global Softgel Capsules Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Softgel Capsules Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/117pku
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
