Soft Gel Capsules Market Size Projected to Hit USD 11.05 Billion at a 5.3% CAGR by 2030 – Report by Market Research Future

Market Research Future Insights

Soft gel Capsule Market is predicted to attain a valuation of USD 11.05 Billion while expanding at a CAGR of 5.3% during the forecast term from 2022 to 2030.

Soft gel capsules are a kind of capsule that generally uses oral drug administration. These capsules use the materials such as gelatine, pullulan, potato starch, and pectin for the elasticity and determination of the outer body. These capsules are effective in protecting the contents and help in better engagement after oral administration. They are cost-efficient and compatible with several formulations. Such factors are pushing the pharmaceutical industries to adopt them in manufacturing medicines. The arrival of advanced manufacturing technologies is rushing the overall growth of the soft gel capsule industry. COVID-19 has created vast distress across the manufacturing industries and commercial sectors including several domains of the healthcare sector. Therefore, the soft gel capsules industry has also faced a sharp decay in the year 2020, especially the vegetarian capsule segment, which is owing to the economic decay and the disturbed supply chain and production capacities. However, the demand for nutrition and bioscience was growing among potential customers.

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Regional Analysis

North America is holding the leading market worth in the soft gel industry with exponential growth and is anticipated to maintain the leading position during the estimated period. The existence of leading and established market players and the higher investment from these established market players mutual with the rapid R&D activities across the industry are widening the portfolio and thereby driving the overall growth of the soft gel capsule industry.

 Asia-pacific region is also measured as a fast-growing market. Moreover, numerous equipped market players are emerging in recent times across China and India, carrying in cost-effective therapeutics, and beneficiary contracts. Moreover, the leading market players are carrying in personalized medicine expenditure and the high-tech meting out techniques are driving soft gel capsule market growth in the forecast year.

Market Segmentation

The global soft gel Capsules Market has been segmented into type, application, and manufacturer.

Based on type, The global soft gel Capsules Market has been segmented into Gelatin/Animal, Non-animal. The gelatin-based/ animal-based segment accounted for the largest revenue share of 72.5% in 2021. For over 80 years, gelatin is an excellent excipient of manufacturers owing to its unparallel advantages over any other excipient. Ease of digestion, tamper-evident capsule production and seal quality, patient compliance, plentiful resource accessibility, and inert, and clean label raw material, are the factors responsible for its varied acceptance in the market.

Based on application, The global soft gel Capsules Market has been segmented into Antacid & Anti-flatulent Preparations, Anti-anemic Preparations, Anti-inflammatory Drugs, Antibiotic & Antibacterial Drugs, Cough & Cold Preparations, Health Supplements, Vitamin & Dietary Supplement, Pregnancy, and others. The vitamins and dietary supplements segment accounted for the largest revenue share at 26.3%. Vitamins are prone to atmospheric oxidation and degradation when framed as tablets or gummies. Hence, soft gel capsules are the best formulation choice, as it defends themselves from UV radiation and oxidation eventually improving their shelf life.

Based on the manufacturer, The global soft gel Capsules Market has been segmented into Pharmaceutical, Nutraceutical, Cosmeceutical, and Contract Manufacturing Organizations. The nutraceutical segment accounted for the largest revenue share of 38.0% in 2020. Nutraceutical companies mainly focus on developing vitamins, minerals, and health complements. Thus, soft gel formulation is mainly developed to keep up with the increasing need for nutraceutical products.

Key Players

Some of the key market players are Weihai Baihe Biology Technological Co. Ltd., Patheon (part of Thermo fisher scientific), Catalent Inc., Captek softgel International Inc., Capsugel (a part of lonza), Amway, and EuroCaps Ltd.

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