Global Enteric Softgel Market

Global Enteric Softgel Market Size, Share, Growth Analysis, By Type(Gelatin capsules and non-gelatin capsules), By Application(Health supplements and pharmaceuticals), By Distribution channel(Supermarkets and hypermarkets, pharmacies & drug stores) - Industry Forecast 2023-2030


Report ID: SQMIG35I2240 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 86 | Figures: 76

Global Enteric Softgel Market Insights

Enteric Softgel Market size was valued at USD 2.4 billion in 2021 and is expected to rise from USD 2.5 billion in 2022 to reach a value of USD 3.48 billion by 2030 at the CAGR of 4.23% during the forecast period (2023-2030).

Enteric softgel capsules having gelatin-based coatings consist of semi-solid and liquid medication. These capsules offer advantages such as bioavailability, easy usability, and improved adequacy levels. The growth of this market is attributed to increasing consumer awareness about the benefits of consuming preventive medicine, increasing geriatric population, rising prevalence of chronic as well as nutrient deficiency diseases, growing pharmaceutical industry, and expanding application of the product to enclose omega-3 oils. In addition, the growing health awareness among the consumers and rising acceptance of dietary and nutritional supplements are the factors which help to propel the market growth during the forecast period.

To meet the requirements of the vegan consumer, new product innovations such as non-gelatin enteric softgel capsules are introduced that help to strengthen the market growth. Major players are focusing on manufacturing of novel variants by using starch and other organic plant-based sources. The expansion of online pharmacies through e-commerce retail channels are having a positive impact on the global market. Major players increased their R&D investments to improve the bioavailability of these capsules and this is expected to propel the market growth.

Furthermore, product innovations such as chewable types that do not require water to swallow are anticipated to augment the enteric softgel capsules market in the coming years.

US Enteric Softgel Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 2.4 billion

Largest Segment

Health supplements

Fastest Growth

Health supplements

Growth Rate

4.23% CAGR

Global Enteric Softgel Market, 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Enteric softgel Market Size By Application, 2022-2030 ($ Bn)
Global Enteric softgel Market Size By Application, 2022-2030(%)

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Global Enteric Softgel Market Segmental Analysis

enteric softgel capsules market is segmented into type, application, and distribution channel. Based on type, the market is grouped into gelatin capsules and non-gelatin capsules. In terms of application, the market is classified into health supplements and pharmaceuticals. With respect to segmentation by distribution channel, the global market is categorized into supermarkets & hypermarkets, pharmacy & drug stores, and online stores.

Enteric Softgel Market Analysis by Application

The health supplements segment is expected to dominate the global market and also it is expected to grow at the fastest CAGR during the forecast period. The growth of this segment is attributed to the rising adoption of softgel capsules, growing awareness about the nutritional supplements such as omega-3 and other vitamins, increasing geriatric population, and rising demand for the health supplements in the developing countries.

Enteric Softgel Market Analysis by Distribution Channel

The pharmacy and drug store segment are expected to grow at the fastest CAGR during the forecast period. The growth of this segment is attributed to increased preference of patients to buy medicines from the pharmacies.

The online store segment is expected to witness rapid growth during the forecast period. The growth of this segment is attributed to the increasing consumer awareness about the online pharmacy, rising promotional activities by online service providers, and growing competition that leads them to offer medicines at competitive prices to consumers.

Global Enteric softgel Market By Application, 2022 (%), 2021 (%)

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Global Enteric Softgel Market Regional Insights

North America is expected to dominate the global enteric softgel market during the forecast period. The growth of this region is attributed to high per capita healthcare expenditure, rising investments in R&D to develop novel variants, increasing consumer awareness about healthy and nutritional supplements. Major players such as Colocon Inc. dominate the North America market which help to fuel the demand for enteric softgel capsules in the coming years.

Asia Pacific is expected to grow at the fastest rate during the forecast period. The growth of this region is attributed to the increasing prevalence of nutritional disorders, growing healthcare industry, and rise in government investments to develop the healthcare infrastructure. In addition, the growing consumer awareness about the nutritional disorders and prevention and treatments for such disorders is further projected to help this region attract significant revenues in the coming years.

Global Enteric softgel Market By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Enteric Softgel Market Dynamics

Enteric Softgel Market Driver

Increasing Production Capabilities by Leading players

  • Increasing investments in R&D to improve the bioavailability of these capsules is the major factor driving the market growth. Major players increased their production to meet the demand for healthy and nutritional supplements. For example, Catalent Pharma Solutions, an American player in the enteric softgel capsules market, recently announced that it will soon invest over USD 5 million in its new drug development center at its Somerset, New Jersey facility. This initiative will help the company improve its expertise in the capsule coating technology, ultimately helping it establish a stronger presence in the enteric softgel capsules market. Hence, the technologically advanced manufacturing methods and the presence of leading players in the market are focussed on reducing the overall complexity, cost, and drug development timelines that will ultimately improve the business efficiency and productivity.

Enteric Softgel Market Restraints

High Cost and Shelf-Life stability Concerns

  • The adoption of enteric softgel capsules is restricted due its shelf-life stability problems, which are commonly faced by consumers when these capsules are stored for more than six months. The dynamic nature of these capsules makes it more challenging to optimize its shelf-life and chemical stability for manufacturers.
  • In the production of enteric softgel capsules, elaborate machinery is used so its production cost is higher than other ordinary tablets and pills.

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Global Enteric Softgel Market Competitive Landscape

enteric softgel capsule market is competitive in nature due to the presence of prominent players. Major players increased their R&D investments to produce innovative products. Leading players adopted strategies such as merger, acquisitions, product launch, and others to strengthen their position in the market competition. Major players are focusing on the manufacturing of the non-gelatin capsules due to the rising vegan population in order to attract high revenues to their brand name.

Enteric Softgel Market Top Player's Company Profiles

  • BASF SE
  • Catalent, Inc.
  • Colorcon Inc.
  • Fuji Capsules Co., Ltd.
  • InovoBiologic Inc.
  • NOW Foods Inc.
  • Sirio Pharma Co., Ltd.
  • Super Spectrim
  • Thermo Fisher Scientific, Inc. (Patheon)
  • Trigen Laboratories, Inc.
  • Aenova Group
  • ProCaps Laboratories
  • InovoBiologic Inc.
  • Lonza Group Ltd
  • NOW Foods Inc.
  • Nutranorth
  • Kaustubha Herbal & nutri Care
  • Vision Body Care Pvt.Ltd.
  • B N Herbals
  • United Laboratories

Enteric Softgel Market Recent Development

  • In July 2021, the Aenova Group announced their investment of around 14 million euros to increase the production of softgel capsules in their Cornu, Romania facility by 40% in the upcoming years.

Global Enteric Softgel Key Market Trends

  • A majority of the enteric softgel capsules involve the gelatin-based coatings, which is typically manufactured by using animal skin or bones. This makes it a non-vegetarian ingredient. Veganism is becoming the mainstream trend owing to the growing awareness about the negative impacts of the animal industry and increasing health concerns, coupled with the growing vegetarian consumers. It has significant impact on the dynamics of enteric softgel capsules market in the coming years.

Global Enteric Softgel Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global enteric softgel capsules market, increasing geriatric population along with increasing prevalence of chronic diseases, growing veganism trend are the factors which are anticipated to propel the market growth. In addition, growing consumer awareness about healthy and nutritional supplements and rising demand for the enteric softgel capsules are the factors which have a positive impact on the market growth. Shelf-life stability concerns and high cost associated with the enteric softgel capsule further restrains the market growth.

Report Metric Details
Market size value in 2021 USD 2.4 billion
Market size value in 2030 USD 3.48 billion
Growth Rate 4.23%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Gelatin capsules and non-gelatin capsules
  • Application
    • Health supplements and pharmaceuticals
  • Distribution channel
    • Supermarkets and hypermarkets, pharmacies & drug stores, and online stores.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE
  • Catalent, Inc.
  • Colorcon Inc.
  • Fuji Capsules Co., Ltd.
  • InovoBiologic Inc.
  • NOW Foods Inc.
  • Sirio Pharma Co., Ltd.
  • Super Spectrim
  • Thermo Fisher Scientific, Inc. (Patheon)
  • Trigen Laboratories, Inc.
  • Aenova Group
  • ProCaps Laboratories
  • InovoBiologic Inc.
  • Lonza Group Ltd
  • NOW Foods Inc.
  • Nutranorth
  • Kaustubha Herbal & nutri Care
  • Vision Body Care Pvt.Ltd.
  • B N Herbals
  • United Laboratories
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Enteric Softgel Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Enteric Softgel Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Enteric Softgel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Enteric Softgel Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Enteric Softgel Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Enteric Softgel Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Enteric Softgel Market size was valued at USD 2.4 billion in 2021 and is expected to rise from USD 2.5 billion in 2022 to reach a value of USD 3.48 billion by 2030 at the CAGR of 4.23% during the forecast period (2023-2030).

enteric softgel capsule market is competitive in nature due to the presence of prominent players. Major players increased their R&D investments to produce innovative products. Leading players adopted strategies such as merger, acquisitions, product launch, and others to strengthen their position in the market competition. Major players are focusing on the manufacturing of the non-gelatin capsules due to the rising vegan population in order to attract high revenues to their brand name. 'BASF SE', 'Catalent, Inc.', 'Colorcon Inc.', 'Fuji Capsules Co., Ltd.', 'InovoBiologic Inc.', 'NOW Foods Inc.', 'Sirio Pharma Co., Ltd.', 'Super Spectrim', 'Thermo Fisher Scientific, Inc. (Patheon)', 'Trigen Laboratories, Inc.', 'Aenova Group', 'ProCaps Laboratories', 'InovoBiologic Inc.', 'Lonza Group Ltd', 'NOW Foods Inc.', 'Nutranorth', 'Kaustubha Herbal & nutri Care', 'Vision Body Care Pvt.Ltd.', 'B N Herbals', 'United Laboratories'

Increasing investments in R&D to improve the bioavailability of these capsules is the major factor driving the market growth. Major players increased their production to meet the demand for healthy and nutritional supplements. For example, Catalent Pharma Solutions, an American player in the enteric softgel capsules market, recently announced that it will soon invest over USD 5 million in its new drug development center at its Somerset, New Jersey facility. This initiative will help the company improve its expertise in the capsule coating technology, ultimately helping it establish a stronger presence in the enteric softgel capsules market. Hence, the technologically advanced manufacturing methods and the presence of leading players in the market are focussed on reducing the overall complexity, cost, and drug development timelines that will ultimately improve the business efficiency and productivity.

A majority of the enteric softgel capsules involve the gelatin-based coatings, which is typically manufactured by using animal skin or bones. This makes it a non-vegetarian ingredient. Veganism is becoming the mainstream trend owing to the growing awareness about the negative impacts of the animal industry and increasing health concerns, coupled with the growing vegetarian consumers. It has significant impact on the dynamics of enteric softgel capsules market in the coming years.

North America is expected to dominate the global enteric softgel market during the forecast period. The growth of this region is attributed to high per capita healthcare expenditure, rising investments in R&D to develop novel variants, increasing consumer awareness about healthy and nutritional supplements. Major players such as Colocon Inc. dominate the North America market which help to fuel the demand for enteric softgel capsules in the coming years.

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Global Enteric Softgel Market

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