Global softgel capsule market

Softgel Capsule Market Size, Share, Growth Analysis, By Type(Gelatin/ Animal based, non-animal based), By Application(Antacid & anti flatulent preparations, Anti anaemic preparations, Anti inflammatory drugs, Antibiotics & antibacterial drugs), By Manufacturers(Pharmaceutical companies, Nutraceutical companies, Cosmeceutical companies, Contract Manufacturing Organizations), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2101 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 95 |Figures: 76

Softgel Capsule Market Insights

Global Softgel Capsule Market size was valued at USD 7.62 billion in 2019 and is poised to grow from USD 7.67 billion in 2023 to USD 13.09 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

Softgel capsules have a number of benefits, including ease of swallowing, odour and taste masking, better absorption, increased bioavailability, and excellent atmospheric stability. Traditional capsules now have more features thanks to improvements in manufacturing technology and the introduction of new materials, such as controlled drug release, tamper-evident packaging, and formulation choice of potent APIS due to reduced stomach pH degradation, appealing aesthetics, and longer shelf life. Manufacturers of soft gels are concentrating on creating capsules made of plant-based polymers rather than gelatine, such as starch, HPMC, and pullulan-type gums.

Vegetarians' medical needs are met by capsules free of gelatine. The main benefit of non-gelatine-based capsules is the technical advantages for producers and suppliers, as well as the decreased animal stock waste. Furthermore, the adoption of vegetable capsules by businesses like Aenova raised their sales revenue by a double-digit proportion. A chewable soft gel capsule with improved flavour masking capabilities is being developed by Euro caps. To expand their market share among the world's vegan population, other market giants like Catalent and Roquette are creating vegan capsules.

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

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Softgel Capsule Market Segmental Analysis

Softgel Capsule Market is segmented based on type, application, manufacturers, and region. Based on type, Softgel Capsule Market is segmented into gelatin/animal based, non animal. Based on application, the Softgel Capsule Market is divided into antacid & anti flatulent preparations, anti-anaemic preparations, anti-inflammatory drugs, antibiotic & antibacterial drugs, cough & cold preparations, health supplement, vitamin & dietary supplement, pregnancy. Based on manufacturers, Softgel Capsule Market is segmented into pharmaceutical companies, nutraceutical companies, cosmeceutical companies, contract manufacturing organizations. Based on region, the Softgel Capsule Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Softgel Capsule Market Analysis By application:

Based on application, the softgel capsule market is divided into antacid & anti flatulent preparations, anti-anaemic preparations, anti-inflammatory drugs, antibiotic & antibacterial drugs, cough & cold preparations, health supplement, vitamin & dietary supplement, and pregnancy.

The vitamins and nutritional supplements segment had the biggest share of 26.3% in the global softgel capsule market. When vitamins are made into tablets or candies, they are more susceptible to air oxidation and deterioration. As a result, softgel capsules are the optimum formulation choice since they provide protection from oxidation and UV radiation, extending the shelf life of the product. According to studies, vitamins taken as softgel capsules enter into the bloodstream more quickly than those taken as tablets. Due to these benefits, vitamins are typically sold in the form of softgel capsules, indicating a sizable market in the application category. It's interesting to note that during the forecast period, this segment had the greatest CAGR of 8.9%. The pandemic led to an increase in vitamin C and D sales of almost 89% from 2019 in nations such as USA and India.

Due to the increasing adoption of healthy lifestyle to combat the pandemic, health supplements held the second place in the application area. Sales of softgel capsules increased as a result of the widespread adoption of pre and postnatal capsules and a preference for tasteless medication, which boosted the expansion of the softgel capsule market..

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Softgel Capsule Market Regional Insights

North America held the highest share in the global softgel capsule market. One of the main factors stimulating the expansion of the market in the area is the rising preference of major firms to launch products in developed North American nations. Key players aim for FDA and other regulatory body approvals to expand their client base abroad. The Europe softgel capsule market, on the other hand, generated a sizable amount of market revenue in 2021 owing to to the greater investment in the study and production of soft gelatin capsules across many European nations. During the forecast period, the softgel capsule market in Asia-Pacific is projected to expand at the highest CAGR due to much broader patient pool with a variety of chronic illnesses. Additionally, the regional expansion of key companies in the emerging economies of Asia-Pacific will boost its growth rate during the forecast period.

Along with Latin America, the Middle East and Africa have enormous economic potential and are expected to develop. A few of the factors expected to contribute to the rise of market in these regions includes the increasing prevalence of chronic illnesses like CVD and the growing public awareness regarding the consumption of various health and dietary supplements.

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Softgel Capsule Market Dynamics

Softgel Capsule Market Driver

  • Growing Number of Clinical Trials Boosting Softgel Capsule Use to Promote Revenue Growth
  • One of the main factors driving the softgel capsule market expansion is the increase in clinical trials testing the efficacy of soft gelatin capsules in the treatment of various illnesses. For example, InnoPharmax Inc. funded a clinical study in August 2018 with the main goal of evaluating the safety and tolerability of D07001 softgel in patients who had completed first-line chemotherapy or combined chemoradiotherapy (CCRT) for unresectable metastatic or locally advanced biliary tract cancer (BTC). Therefore, the market expansion during the forecast period would be substantially supported by such aspects that boost the use of these capsules in various conditions.

Softgel Capsule Market Restraint

  • Pharmaceutical Companies to See a Decline in Revenue as a Result of Losing their Patent Exclusivity
  • The creation, exploitation, and preservation of IP throughout its life is the major problem for healthcare organisations. To maintain their revenue streams, pharmaceutical corporations work incredibly hard to fend off patent expiration and generic competition. According to Statista 2020, the patent expiration of several important pharmaceuticals will put the revenue from prescription drugs at risk in the upcoming years. According to the report, the value of prescription pharmaceuticals was US$ 46 billion in 2019 before falling sharply to US$ 16 billion in 2020. As a result, the introduction of generics will increase competition for prescription medications, which is expected to have an impact on the softgel capsule market expansion.

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Softgel Capsule Market Competitive Landscape

The global softgel capsule market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions for students.

Top Players in the Global Softgel Capsule Market

  • Catalent Inc.
  • EuroCaps Ltd.
  • Aenova Group
  • Sirio Pharma Co., Ltd.
  • Captek Softgel International Inc.
  • NBTY, Inc.
  • Thermo Fisher Scientific Inc.
  • Robinson Pharma, Inc.
  • Gelita AG
  • Lonza Group Ltd.
  • Nature's Bounty, Inc.
  • Soft Gel Technologies, Inc.
  • Nutrilo GmbH
  • Weihai Baihe Biology Technological Co., Ltd.
  • Patheon N.V.
  • Roxlor, LLC
  • Vitaco Health Group
  • Procaps S.A.
  • Amway Corporation
  • Nutritional Holdings Pty Ltd.

Softgel Capsule Market Recent Developments

  • Haydale Graphene industries PLC., Catalent announced the launch of its cosmoPod duo softgel capsule technology, this technology is used for the delivery of topical skin treatments.
  • Strides Pharma Science ltd. Is the prominent player, which has received approval for Loratadine softgel capsules 10 mg (OTC) from the United States food & drug administration.
  • Aenova group GMBH announced the company’s new organizational structures. This includes three new business unit’s solids, semi solids & liquids and softgel capsules.

Softgel Capsule Key Market Trends

  • A Persistent Trend is the Growing Demand for Plant-Based Capsules
  • Vegetarian softgel capsules, also known as non-animal softgel capsules, are made from naturally occurring plant materials, are free of GMOs and animal derivatives, and are also free of gluten and artificial sweeteners.
  • The fact that cellulose-based or vegetarian capsules are created without using animal by-products is one of their main benefits. Owing to this distinctive quality, they are excellent for people who choose not to consume goods derived from animals. Certainly, in terms of stability, absorption, and bioavailability, vegetarian capsules are superior. Both types of capsules dissolve well at body temperature, although vegan capsules appear to dissolve more readily in water at room temperature than gelatin-based capsules do.

Softgel Capsule Market SkyQuest Analysis

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

According to our global softgel capsule market analysis, the vitamins and nutritional supplements segment had the biggest share in the global market. North America held highest share in the global softgel capsules market. Plant-based capsules have highest demand. Continuous research and development leads to growth of the market.

Report Metric Details
Market size value in 2023 USD 7.62 billion
Market size value in 2031 USD 13.09 billion
Growth Rate 7.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Gelatin/ Animal based, non-animal based
  • Application
    • Antacid & anti flatulent preparations, Anti anaemic preparations, Anti inflammatory drugs, Antibiotics & antibacterial drugs, Cough & cold preparations, Health Supplement, Vitamin & dietary supplement, Pregnancy
  • Manufacturers
    • Pharmaceutical companies, Nutraceutical companies, Cosmeceutical companies, Contract Manufacturing Organizations
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
  • Catalent Inc.
  • EuroCaps Ltd.
  • Aenova Group
  • Sirio Pharma Co., Ltd.
  • Captek Softgel International Inc.
  • NBTY, Inc.
  • Thermo Fisher Scientific Inc.
  • Robinson Pharma, Inc.
  • Gelita AG
  • Lonza Group Ltd.
  • Nature's Bounty, Inc.
  • Soft Gel Technologies, Inc.
  • Nutrilo GmbH
  • Weihai Baihe Biology Technological Co., Ltd.
  • Patheon N.V.
  • Roxlor, LLC
  • Vitaco Health Group
  • Procaps S.A.
  • Amway Corporation
  • Nutritional Holdings Pty Ltd.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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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 Softgel Capsule 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 Softgel Capsule 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 Softgel Capsule 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 Softgel Capsule 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 Softgel Capsule Market:

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

Regional Analysis: Further analysis of the Softgel Capsule 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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FAQs

Softgel Capsule Market size was valued at USD 7.62 billion in 2019 and is poised to grow from USD 7.67 billion in 2023 to USD 13.09 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

The softgel capsule market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions for students. 'Catalent Inc.', 'EuroCaps Ltd.', 'Aenova Group', 'Sirio Pharma Co., Ltd.', 'Captek Softgel International Inc.', 'NBTY, Inc.', 'Thermo Fisher Scientific Inc.', 'Robinson Pharma, Inc.', 'Gelita AG', 'Lonza Group Ltd.', 'Nature's Bounty, Inc.', 'Soft Gel Technologies, Inc.', 'Nutrilo GmbH', 'Weihai Baihe Biology Technological Co., Ltd.', 'Patheon N.V.', 'Roxlor, LLC', 'Vitaco Health Group', 'Procaps S.A.', 'Amway Corporation', 'Nutritional Holdings Pty Ltd.'

Growing Number of Clinical Trials Boosting Softgel Capsule Use to Promote Revenue Growth

A Persistent Trend is the Growing Demand for Plant-Based Capsules

North America held the highest share in the softgel capsule market. One of the main factors stimulating the expansion of the market in the area is the rising preference of major firms to launch products in developed North American nations. Key players aim for FDA and other regulatory body approvals to expand their client base abroad. The Europe softgel capsule market, on the other hand, generated a sizable amount of market revenue in 2021 owing to to the greater investment in the study and production of soft gelatin capsules across many European nations. During the forecast period, the softgel capsule market in Asia-Pacific is projected to expand at the highest CAGR due to much broader patient pool with a variety of chronic illnesses. Additionally, the regional expansion of key companies in the emerging economies of Asia-Pacific will boost its growth rate during the forecast period.

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Global softgel capsule market

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