The global Softgel Capsules Market size is estimated to reach
USD 13.09 billion by 2030 registering a CAGR of 7.9%, according to a new report
by Grand View Research, Inc. Softgel capsules are proven to be the choice of
formulation for poorly soluble drugs and enhance the 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
the softgel capsule segment registers nearly 40% of their overall revenue.
Large Pharma companies like Pfizer, Novartis, Bayer, and Procter and Gamble,
collaborate with leading Contract Manufacturing Organizations (CMO) to provide
cost-effective products in the highly competitive market. Research to develop
an oral vaccine 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 the 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 2021
in the type outlook due to its advantages over any other excipient in the
excipient industry
- Nutraceutical companies held the largest revenue-generating segment
by manufacturers, owing to the increasing awareness of health supplements
among developing nations and the growing number of production houses, and
the surge in sales due to the 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
List of Key Players in Softgel Capsules Market
·
Fuji Capsules Co Ltd
·
Sirio Pharma
·
Captek
·
Patheon
·
Catalent
·
Eurocaps
·
Aenova
·
Capsugel
·
Procaps Laboratories
·
Soft Gel Technologies Inc.
About Us:
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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