Softgel Capsule Market Projected to Reach USD 13.41 billion by 2030, and Rise at a CAGR of 7.9% | Report by MRFR
Research Reports
Apr 21, 2023
Softgel capsule market Research Report Information By Type (Gelatin Type and Non-Animal Type), By Application (Vitamins, Supplement, and Nutrition), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) – Market Forecast Till 2030
The Softgel capsule market Size was valued at USD 7.3 billion in 2021 and is projected to grow from USD 7.87 Billion in 2022 to USD 13.41 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9% during the forecast period (2022 – 2030). The market growth is driven by several factors, including increasing demand for dietary supplements and rising consumer preference for softgel capsules over other dosage forms.
The softgel capsule market refers to the industry that produces and sells soft gelatin capsules, also known as softgels. Softgels are a type of oral dosage form that are made by encapsulating a liquid or semi-solid fill material within a gelatin shell. Softgels are used to deliver a wide range of products including vitamins, dietary supplements, pharmaceuticals, and cosmetics.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/7467
Market Segmentation
The softgel capsule market can be segmented on the basis of product type, application, end-user, and geography.
By product type, the market can be segmented into gelatin and non-gelatin capsules. Gelatin capsules are the most commonly used type of softgel capsules, owing to their ease of manufacturing and low cost. Non-gelatin capsules, on the other hand, are gaining popularity due to their compatibility with a wider range of fill materials, including those that are sensitive to gelatin.
By application, the market can be segmented into dietary supplements, pharmaceuticals, and others. The dietary supplements segment is the largest and fastest-growing segment, owing to the increasing demand for nutraceuticals and functional foods.
By end-user, the market can be segmented into pharmaceutical companies, nutraceutical companies, and others. The pharmaceutical companies segment is the largest and fastest-growing segment, owing to the increasing demand for softgel capsules as a preferred dosage form for oral drug delivery.
By geography, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, as I mentioned in my previous response.
Key Players
The softgel capsule market is highly competitive, with several key players operating at the global and regional levels. Some of the leading players in the market include Catalent, Aenova Group, Capsugel, Amway, and Sirio Pharma. These companies are investing in research and development to improve the quality and functionality of softgel capsules, as well as expand their product offerings to meet the evolving needs of consumers.
Regional Analysis
The softgel capsule market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America is the largest market for softgel capsules, with the United States being the major contributor to the region’s growth. The high prevalence of chronic diseases and the growing demand for dietary supplements in the region are some of the key factors driving the market growth.
Europe is another significant market for softgel capsules, with Germany and France being the major contributors to the region’s growth. The increasing adoption of preventive healthcare and the rising demand for nutraceuticals and cosmeceuticals are driving the market growth in Europe.
Browse In-depth Market Research Report (101 Pages) on Softgel capsule: https://www.marketresearchfuture.com/reports/softgel-capsule-market-7467
The Asia-Pacific region is expected to witness significant growth during the forecast period, owing to factors such as increasing healthcare expenditure, growing demand for dietary supplements, and the rising aging population. Countries such as China, India, and Japan are major contributors to the growth of the softgel capsule market in the region.
Latin America and the Middle East & Africa are also expected to witness moderate growth in the softgel capsule market during the forecast period. The growing awareness about preventive healthcare and the increasing demand for nutraceuticals are some of the key factors driving the market growth in these regions.
Discover More Research Reports on Healthcare Industry by Market Research Future:
Health Supplements Market Size, Trends and Growth Analysis By Type (Dietary Supplements, Eye Health Supplements), By Application (Cardiology, Allergy), Ingredients (Vitamins & Minerals, Botanicals, Amino Acids), End User (Hospitals, Clinics) – Forecast till 2030
Dietary Supplements in the Age of Personalized Nutrition Market Information: Product Category (Vitamins, Herbs & Botanicals, Others), Application (Lifestyle Diseases, Inherited Disease and Others), Gender, Dosage Form (Tablets, Capsules, Others) and End-User – Global Forecast till 2030
Cellulite Treatment Market Research Report: Information by Treatment Procedure (Non-Invasive, Minimally-Invasive, Topical Treatment), Cellulite Type (Hard Cellulite, Soft Cellulite, Edematous Cellulite), End Use (Hospitals, Ambulatory Surgical Centres, Specialized Dermatology Clinics), and Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast to 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English