What is Global Softgel Machine Market?
The Global Softgel Machine Market is a vast and dynamic sector that focuses on the production and distribution of softgel machines. These machines are primarily used in the pharmaceutical industry to produce softgel capsules, a type of drug delivery system that is preferred for its ease of swallowing and ability to mask unpleasant tastes. The market encompasses a wide range of machines, including those used for encapsulation, drying, and other auxiliary functions. As of 2023, the market was valued at US$ 108.1 million and is projected to reach US$ 181.7 million by 2030, indicating a significant growth potential.
Soft Capsule Encapsulation Machines, Soft Capsule Drying Systems, Auxiliary Devices in the Global Softgel Machine Market:
The Global Softgel Machine Market is segmented into Soft Capsule Encapsulation Machines, Soft Capsule Drying Systems, and Auxiliary Devices. Soft Capsule Encapsulation Machines are the largest segment, accounting for about 41% of the market. These machines are used to fill capsules with liquids, semi-solids, or even gases. Soft Capsule Drying Systems are used to remove the moisture from the capsules after they are filled, ensuring their stability and longevity. Auxiliary Devices, on the other hand, are used to assist in the production process, such as sorting and inspecting the capsules. These machines play a crucial role in maintaining the quality and efficiency of softgel capsule production.
Pharmacy, Health Supplements, Others in the Global Softgel Machine Market:
The Global Softgel Machine Market finds its applications in various sectors including Pharmacy, Health Supplements, and others. In the Pharmacy sector, these machines are used to produce a wide range of medications, from over-the-counter drugs to prescription medications. The Health Supplements sector is the largest application area, accounting for about 65% of the market. These machines are used to produce supplements in softgel form, which are preferred for their ease of swallowing and ability to mask unpleasant tastes. Other applications include the production of cosmetics and veterinary medications.
Global Softgel Machine Market Outlook:
Looking at the market outlook, the Global Softgel Machine Market is set for substantial growth. In 2023, the market was valued at US$ 108.1 million and is projected to reach a staggering US$ 181.7 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period from 2024 to 2030. The market is dominated by the top three manufacturers, who collectively hold a market share of about 58%. The largest segment in terms of product is the Soft Capsule Encapsulation Machines, which holds a market share of about 41%. In terms of application, Health Supplements is the largest sector, accounting for about 65% of the market.
| Report Metric | Details |
| Report Name | Softgel Machine Market |
| Accounted market size in 2023 | US$ 108.1 million |
| Forecasted market size in 2030 | US$ 181.7 million |
| CAGR | 7.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Changsung Softgel System, Technophar, SKY Softgel & Pack, Pharmagel, GIC Engineering, Sankyo, Tooltronics, Long March Tianmin, Kamata, Bochang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
