What is Global Softgel Capsules Market?
The Global Softgel Capsules Market is a vast and dynamic sector that encompasses a wide range of products and services. These capsules are a type of dosage form used for drugs and health supplements, which consist of a soft gelatin shell surrounding a liquid or semi-solid center. The market for these capsules is global, meaning it spans across all continents and countries, catering to various health and pharmaceutical needs of people worldwide. The market's size and value are determined by the demand and supply of these capsules, which is influenced by factors such as health trends, technological advancements, and regulatory policies among others. As of 2022, the market was valued at a whopping US$ 4007 million, indicating a high demand for these products. However, this is not the limit. The market is projected to grow even further and reach a value of US$ 5317.1 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period of 2023-2029.
Gelatin Type, Non-animal Type in the Global Softgel Capsules Market:
The Global Softgel Capsules Market is segmented into two main types based on the material used for the capsule shell: Gelatin Type and Non-animal Type. The Gelatin Type is the most common and widely used type, accounting for over 85% of the market share. These capsules are made from gelatin, a protein derived from collagen obtained from various animal by-products. They are popular due to their flexibility, ease of use, and cost-effectiveness. On the other hand, the Non-animal Type is a newer and more advanced type of softgel capsule. These capsules are made from plant-based materials, making them suitable for vegetarians and vegans. They are also hypoallergenic and have a longer shelf life compared to their gelatin counterparts. However, they are more expensive and less widely available, which limits their market share. Despite these differences, both types of capsules serve the same purpose: to deliver drugs or supplements in a form that is easy to swallow and digest.
Health Supplements, Pharmaceutical, Others in the Global Softgel Capsules Market:
The Global Softgel Capsules Market serves various sectors, including Health Supplements, Pharmaceutical, and Others. In the Health Supplements sector, these capsules are used to deliver various vitamins, minerals, and other nutritional supplements. They are favored for their ease of use, high bioavailability, and ability to mask unpleasant tastes and odors. In the Pharmaceutical sector, softgel capsules are used to deliver a wide range of drugs, from over-the-counter pain relievers to prescription medications. They offer several advantages over other dosage forms, such as improved patient compliance, precise dosing, and enhanced stability of the active ingredient. The Others category includes various other applications of softgel capsules, such as in cosmetics and veterinary medicine. Despite the differences in these sectors, they all benefit from the advantages offered by softgel capsules, contributing to the growth and diversity of the Global Softgel Capsules Market.
Global Softgel Capsules Market Outlook:
The Global Softgel Capsules Market is a dynamic and competitive sector. As of 2022, the market was valued at US$ 4007 million and is expected to grow at a steady pace, reaching a value of US$ 5317.1 million by 2029. This growth is projected to occur at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period of 2023-2029. The market is dominated by the top 5 manufacturers, who collectively hold about 50% of the market share. The largest segment of the market is the gelatin type softgel capsules, which account for over 85% of the market share. This dominance is due to the many advantages of gelatin type capsules, such as their flexibility, ease of use, and cost-effectiveness. However, the market is constantly evolving, with new products and technologies emerging, offering potential for further growth and diversification.
| Report Metric | Details |
| Report Name | Softgel Capsules Market |
| Accounted market size in 2022 | US$ 4233.9 million |
| Forecasted market size in 2029 | US$ 5623 million |
| CAGR | 4.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Catalent, Aenova, Nature’s Bounty, Procaps, Patheon (Thermo Fisher Scientific), Aland, EuroCaps, Captek, Strides Pharma Science, NextPharma (from Lonza), 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 |
