The global Softgel Capsules Market size is estimated to reach USD 9.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.0% from 2021 to 2028. Softgel capsules are proven to be the choice of formulation for poorly soluble drugs and enhance absorption time of most drug molecules. Its advantages over tablets and other oral formulations have led to the increased adoption of softgel capsules across the globe. Ease of swallowing, taste masking, improved bioavailability, non-reactive, aesthetically appealing, and longer shelf life are the factors influencing its wide acceptance.
Leading players like Catalent, Eurocaps, and many
others, are developing vegan capsules to broaden their vegan consumer base as
softgel capsule segment registers nearly 40.0% of their overall revenue. Large
Pharma companies like Pfizer, Novartis, Bayer, Procter and Gamble, collaborate
with leading Contract Manufacturing Organizations (CMOs) to provide
cost-effective products in the highly competitive market. Research to develop
oral vaccines to treat respiratory infection caused by the SaRS-CoV-2 virus has
fueled the R&D of softgel manufacturers. Additionally, the shift towards a
healthier lifestyle and immunity-boosting vitamins, have also surged the
softgel market post-outbreak of the COVID-19 pandemic.
Related Press Release@ Softgel Capsules Market Report
Softgel Capsules Market Report
Highlights
- The gelatin segment accounted for the largest revenue share in 2020
due to its advantages over any other excipient in the excipient industry
- The vitamins and dietary supplements segment held the
largest share in 2020 in the application outlook
- Nutraceutical held the largest revenue-generating segment in
manufacturer market, owing to the Increasing awareness of health
supplements among developing nations and growing number of production
houses, and surge in sales due to Covid-19 pandemic
- North America held the largest share in the market due to the
Improved production technology, presence of major players within the
region and increased expenditure on R&D to widen their product
portfolio
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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