Softgel Capsules Market is expected to reach US$ 1.9 Billion at a CAGR of 6.0% by 2032 | FMI
The global Softgel Capsules Market is anticipated to create robust growth opportunities by registering a CAGR of 6.0% from 2022 to 2032. The global market enjoyed a valuation of US$ 1.1 Billion by the end of the year 2022 to surpass a valuation of US$ 1.9 Billion by the year 2032.
According to a recent study by Future Market Insights, gelatin softgel capsules are leading the market with a share of about 75.4% in the year 2021, within the global market. During the historic period, the global softgel capsules exhibited a growth of approximately 3.9% from 2012 to 2021. The market value for softgel capsules was approximately 35.5% of the overall US$ 3.1 Billion global gelatin capsules market in 2021.
To learn more about this report: https://www.futuremarketinsights.com/reports/softgel-capsules-market
The gelatin shells tight shield the material from contamination by the
air as well as the outside environment. In addition to visible light, the shell
can be designed to block ultraviolet (UV) light. Additionally, softgel capsule
formulation improves operator safety by reducing contamination caused by dust
handling. Softgel capsules (SGCs) appear more appealing and pleasurable to
consumers as they can be produced in a variety of forms, sizes, and colors, as
well as diverse drug delivery systems such as chewable softgels and meltable
softgels.
Report Highlights
Vegetarian softgel capsules are being produced by a number of different
businesses. They comprise pullulan, starch, and HPMC capsules. This is
anticipated to lead to increased product personalization in the pharmaceutical,
cosmetic, and nutraceutical sectors, which could present profitable
opportunities for the producers of softgel capsules.
Attributing to the exact compounding, blending, and dispensing of liquid
fill ingredients, it is possible for an API with a better degree of accuracy
and more consistency between various production lots. Since the entire
encapsulation process can be completed inertly to safeguard pharmaceuticals
against oxidation and degradation, soft gelatin capsule products often have
superior stability.
Recent Developments
Softgel capsule producers are increasing their product lines to offer a
variety of vegan softgel capsules with improved attributes such as faster
disintegration, increased gastric acid resistance, enteric coating, and
specially developed capsules for clinical studies in order to maximize their
revenue.
SGC technology is predicted to be relatively expensive to manufacturers,
which is likely to rise consumer prices. Various pharmaceutical businesses lack
the specialized equipment necessary to fill SGCs, hence they generally rely on
contract laboratories/manufacturers for supplies.
Another upcoming issue with the adoption of soft gelatin capsule products
is that some people have dietary restrictions that preclude them from eating
animal products contained in SGCs. Gelatin is typically derived from pig and
cow bones, skins, and other animal parts. Many vegetarians avoid using capsule
shells since they are manufactured from animal tissues
Competitive Landscape
Primary companies participating in the global softgel capsules market are continuing to invest
in technologies that provide alternatives to traditional drug delivery systems
as the market for softgel products is still in its infancy. However, some
businesses continue to only offer hard and soft gelatin capsules in their
product offering. If these companies add softgel capsules, vegetarian capsules,
and other capsules made from plant-based gelatin to their product line, they
can anticipate significant incremental growth prospects.
Aenova began construction of a new structure for highly potent active
substances at its Regensburg location in April 2022. Modern manufacturing
facilities produce extremely effective pharmaceuticals, particularly those for
cancer. Aenova released VegaGels, their most recent vegan soft capsules, in
November 2020. They adhere to Chinese, European Union, and American regulatory
requirements.
Therefore, the introduction of new technologies to the market, such as
the 3D printing of softgel capsules, will be a game-changer, and would further
present the global market with lucrative opportunities for expansion.
Key Market Players:
- Aenova Group
GmbH
- Fuji Capsule
Co., Ltd
- Sirio Pharma
Company Limited
- Catalent, Inc
- EuroCaps Ltd
- Guangdong
Yichao Biological Co., Ltd.
- Elnova Pharma
- Captek Softgel
International Inc
- Hunan Er-Kang
Pharmaceutical Co., Ltd
- Soft Gel
Technologies Inc.
- Patheon
- United Labs
- Curtis Health
Caps
- Delpharm Evreux
- Procaps Group
Key Market Segments Covered in Softgel Capsules Industry Research
By Product:
- Gelatin Softgel
Capsules
- Vegetarian
Softgel Capsules
By Raw Material:
- Type-A Gelatin
(Pork Skin)
- Type-B Gelatin
(Animal Bones & Skin)
- Fish Bone
Gelatin
- Cellulose
Derivatives
- Starch Material
By Application:
- Antacid &
Antiflatulent Preparations
- Antianemic
Preparations Hematinic Preparations)
- Anti-inflammatory
Drugs
- Antibiotic
& Antibacterial Drugs
- Cough &
Cold Preparations
- Cardiovascular
Therapy Drugs
- Health
Supplements
- Vitamin &
Dietary Supplements
- Other
Therapeutic Applications
By End User:
- In-house
Manufacturing
- Pharmaceutical
Companies
- Nutraceutical
Companies
- Cosmeceutical
Companies
- Contract
Manufacturing Organizations
By Route of Administration:
- Oral Softgels
- Suppositories
- Pessaries
- Twist off
Softgels
- Others
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