What is Global Soft Gelatin Capsules Market?
The Global Soft Gelatin Capsules Market is a vast and dynamic sector that has been gaining significant attention in recent years. These capsules are a type of dosage form used for drugs and health supplements, which are made from gelatin or a non-animal substitute. The soft gelatin shell is usually filled with a liquid or semi-solid substance, which can be easily swallowed and digested by the body. The global market for these capsules is driven by several factors, including the growing demand for easy-to-swallow medicines and supplements, advancements in capsule filling technologies, and the increasing prevalence of chronic diseases. However, the market also faces certain challenges, such as the high cost of production and stringent regulatory requirements. Despite these challenges, the market presents several opportunities for growth, such as the development of vegetarian and vegan-friendly capsules and the expansion of the pharmaceutical and nutraceutical industries in emerging economies.
Gelatin Type, Non-animal Type in the Global Soft Gelatin Capsules Market:
The Global Soft Gelatin Capsules Market can be broadly categorized into two types: Gelatin Type and Non-animal Type. Gelatin Type capsules are made from animal-derived gelatin, which is a protein obtained by boiling skin, tendons, ligaments, and/or bones with water. These capsules are widely used in the pharmaceutical and nutraceutical industries due to their excellent solubility, bioavailability, and compatibility with a wide range of active ingredients. On the other hand, Non-animal Type capsules are made from plant-based materials, such as carrageenan, starch, and cellulose. These capsules are gaining popularity among vegan and vegetarian consumers, as well as those with dietary restrictions or allergies to animal products. However, they are generally more expensive and less versatile than their gelatin counterparts.
Health Supplements, Pharmaceutical, Others in the Global Soft Gelatin Capsules Market:
The Global Soft Gelatin Capsules Market finds extensive application in several areas, including Health Supplements, Pharmaceutical, and Others. In the Health Supplements sector, these capsules are used to encapsulate various types of dietary supplements, such as vitamins, minerals, herbs, and other nutrients. They offer several advantages over other dosage forms, such as improved bioavailability, ease of swallowing, and enhanced shelf life. In the Pharmaceutical sector, soft gelatin capsules are used for the delivery of a wide range of drugs, from over-the-counter medicines to prescription drugs. They are particularly useful for drugs that are poorly soluble or unstable in the gastric environment. The Others category includes applications in the food and beverage industry, cosmetic industry, and research and development activities.
Global Soft Gelatin Capsules Market Outlook:
To put the Global Soft Gelatin Capsules Market into perspective, let's look at some key figures. In 2022, the market was valued at a substantial US$ 4141 million. This figure is expected to rise to US$ 5771.9 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. This growth can be attributed to various factors, including the increasing demand for convenient and effective dosage forms, advancements in capsule manufacturing technologies, and the growing health consciousness among consumers. It's also worth noting that the market is dominated by a handful of key players, with the top five manufacturers accounting for over 40% of the total sales. In terms of product type, Gelatin Type capsules hold the lion's share, with a sales market share exceeding 85%. This dominance can be attributed to the numerous advantages offered by gelatin capsules, such as their excellent solubility, bioavailability, and compatibility with a wide range of active ingredients.
| Report Metric | Details |
| Report Name | Soft Gelatin Capsules Market |
| Accounted market size in 2022 | US$ 4141 in million |
| Forecasted market size in 2029 | US$ 5771.9 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Catalent, Aenova, Nature’s Bounty, Procaps, Patheon (Thermo Fisher Scientific), Aland, EuroCaps, Captek, Strides Pharma Science, Lonza (Capsugel), Soft Gel Technologies, Amway, Sirio Pharma, Baihe Biotech, Ziguang Group, Shineway, Donghai Pharm, By-Health, Yuwang Group, Guangdong Yichao |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
