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According to the latest research by SkyQuest Technology, global soft gel capsule market was valued at US$ 7.62 billion in 2021 and it is expected to reach at US$ 12.97 billion by 2028, at a CAGR of 7.9% over forecasted period (2022–2028).
Global softgel capsule market is primarily driven by the nutraceutical sector. As a favoured and perfect delivery method for diverse nutrient-based formulations, softgel capsule demand is rising. The demand for nutraceutical goods and, consequently, softgel capsules over the forecast period is anticipated to be driven by the recent increase in the need for health supplements to boost immunity against COVID-19 and related viruses. Development in nations will also be fuelled by the rising usage of bovine and fish gelatine that has been certified halal, as well as softgel capsules derived from vegetable components including cellulose gum, modified starch, and other plant gums. Over the course of the projection period, these factors will fuel the softgel capsule market growth.
Global softgel capsule market will experience momentum due to ongoing improvements in manufacturing technology
One of the key elements propelling the growth of the softgel capsule market is the ongoing technological advancements in the field of softgel capsule production. The potential for industrial expansion will increase with the growing use of innovative products including hydroxypropyl methylcellulose (HPMC), potato starch, pullulan, pectin, and others in the production of softgel. Additionally, improvements in softgel capsules’ durability, absorption rate, high bioavailability, solubility, and better dissolving rate, along with a decreased health risk, would increase the product’s demand. The softgel capsule market will expand as more manufacturers engage in R&D efforts to develop novel empty softgel capsules that are more adaptable and practical for usage in nutraceutical, pharmaceutical, and cosmeceutical applications.
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Read market research report, ” Global Softgel Capsule Market” by type (Gelatin/ Animal based, non-animal based), By Application (Antacid & anti flatulent preparations, Anti anaemic preparations, Anti-inflammatory drugs, Antibiotics & antibacterial drugs, Cough & cold preparations, Health Supplement, Vitamin & dietary supplement, Pregnancy), By Manufacturers (Pharmaceutical companies, Nutraceutical companies, Cosmeceutical companies, Contract Manufacturing Organizations)— Forecast and Analysis 2022–2028” by SkyQuest.
The global softgel capsule market analysis estimated that North America dominated the global softgel capsule market. The increasing inclination of big companies to launch products in developed North American nations is one of the main reasons promoting the rise of the softgel capsule market in the region. To increase their customer base abroad, major players seek FDA and other regulatory body authorization. On the other hand, the Europe market contributed significantly to market revenue in 2021 as more European countries have invested in researching and producing soft gelatin capsules. Due to a considerably vast patient pool with a variety of chronic conditions, the softgel capsule market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Additionally, during the research period, its growth rate will be boosted by the regional development of important businesses in the growing economies of Asia Pacific.
The Middle East and Africa, along with Latin America, have tremendous economic potential and are estimated to grow. The rising incidence of chronic diseases such as CVD and public awareness of the use of various health and dietary supplements are only a few of the factors anticipated to boost the market growth in these areas.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about global softgel capsule market revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
One of the main factors driving market expansion is the increase in clinical trials testing the efficacy of soft gelatin capsules in the treatment of various illnesses.
The patent expiration of several important pharmaceuticals will put the revenue from prescription drugs at risk in the upcoming years.
SkyQuest has segmented the global softgel capsule market based on product type, end users, delivery mode and region:
Key Players in the Global Softgel Capsule Market
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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