The softgel capsule market share has been steadily growing over the years, driven by various factors. One of the key drivers is the increasing demand for nutraceutical and pharmaceutical products worldwide. Softgel capsules offer several advantages over traditional dosage forms, such as ease of swallowing, enhanced bioavailability, and improved stability of sensitive ingredients.
Furthermore, the rising consumer preference for self-medication and dietary supplements has contributed to the expansion of the softgel capsule market. Consumers are becoming more conscious about their health and are seeking convenient and effective ways to meet their nutritional needs. Softgel capsules provide an ideal solution as they can encapsulate a wide range of ingredients, including vitamins, minerals, herbal extracts, and omega-3 fatty acids.
In addition to the nutraceutical and pharmaceutical sectors, the beauty and personal care industry have also embraced softgel capsules. These capsules are increasingly used in skincare products due to their ability to deliver active ingredients directly into the skin layers. The growing demand for anti-aging creams, hair care products, and other topical treatments has led to the popularity of softgel capsules in the beauty industry.
The Softgel Capsule Market Size was valued at USD 7.21 billion in 2022 and is expected to reach USD 12.97 billion by 2030, and grow at a CAGR of 7.6% over the forecast period 2023-2030.
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KEY MARKET SEGMENTATION:
- Gelatin/ Animal-Based
- Non-animal Based
- Antacid & Anti-flatulent Preparations
- Vitamin & Dietary Supplement
- Antibiotic & Antibacterial Drugs
- Cough & Cold Preparations
- Anti-anemic Preparations
- Health Supplement
- Anti-inflammatory Drugs
- Pharmaceutical Companies
- Contract Manufacturing Organizations
- Nutraceutical Companies
- Cosmeceutical Companies
Some of the major key players are as follows: Weihai Baihe Biology Technological Co. Ltd., Soft Gel Technologies, Inc., Captek softgel International Inc., Patheon (part of Thermo fisher scientific), Catalent, Inc., Capsugel (a part of lonza), Strides Pharma Science Limited, Amway, EuroCaps Ltd., , International Vitamin Corporation, Sirio Pharma Co. Ltd. nad Other Players.
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