The global softgel capsules market size is expected to be worth around US$ 12.1 billion by 2030, according to a new report by Vision Research Reports.
The global softgel capsules market size was valued at US$ 6.7 billion in 2020 and is anticipated to grow at a CAGR of 11.0% during forecast period 2021 to 2030.
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Softgel Capsules Market (By Type: Gelatin-based/Animal-based, Non-animal-based; By Application: Antacid and anti-flatulent preparations, Anti-anemic preparations, Anti-inflammatory drugs, Antibiotic and antibacterial drugs, Cough and cold preparations, Health supplement, Vitamin and dietary supplement, Pregnancy; By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical Companies, Contract Manufacturing Organization) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 12.1 billion by 2030 |
| Growth Rate | CAGR of 11.0% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application, Manufacturer |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Fuji Capsules Co Ltd.; Sirio Pharma; Captek; Patheon; Catalent; Eurocaps; Aenova; Capsugel; Procaps Laboratories; Soft gel Technologies Inc. |
Growth Factors
Softgel capsules are proven to be the choice of formulation for poorly soluble drugs and enhance absorption time of most drug molecules. Its advantages over tablets and other oral formulations have led to the increased adoption of softgel capsules across the globe. Ease of swallowing, taste masking, improved bioavailability, non-reactive, aesthetically appealing, and longer shelf life are the factors influencing its wide acceptance.
Leading players like Catalent, Eurocaps, and many others, are developing vegan capsules to broaden their vegan consumer base as softgel capsule segment registers nearly 40.0% of their overall revenue
By Application Analysis
The vitamins and dietary supplements segment dominated the market and accounted for the largest revenue share of 26.1% in 2020. Vitamins are prone to atmospheric oxidation and degradation when formulated as tablets or gummies. Hence, softgel capsules are the best formulation choice, as it protects for from UV radiation and oxidation ultimately improving its shelf life.
Health supplements held the second position in the application segment due to increased adoption of healthy lifestyles among masses to tackle the pandemic. Wide acceptance of pre- and post-natal capsules, and inclination towards tasteless medication, led to the increase in sales of softgel capsules, enhancing pregnancy market growth.
By Manufacturer Analysis
The nutraceutical segment accounted for the largest share of 37.6% in 2020. Nutraceutical companies mainly focus on developing vitamins, minerals, and health supplements. Thus, softgel formulation is largely developed to keep up the rising need for nutraceutical products.
The formulations segment accounted for nearly 31% of the total revenue of most nutraceutical manufacturers. Increasing awareness of health supplements among developing nations, a growing number of production houses, and surge in sales due to the COVID-19 pandemic, has led to its high growth and large market share.
By Type Analysis
The gelatin-based/ animal-based segment dominated the market accounted for the largest share of 72.8% in 2020. Over 80 years, gelatin is the choicest excipient of manufacturers due to its unparallel advantages over any other excipient. Ease of digestion, tamper-evident capsule production, superior mechanical resistance and seal quality, patient compliant, abundant resource availability, inert, and clean label raw material, are the factors responsible for its wide acceptance in the market.
Now-a-days, manufacturers are developing capsules using a combination of bovine and porcine gelatin due to their unique properties. Gelatin extracted from bovine enhanced capsule firmness and that from porcine provides plasticity and clarity characteristics to the formulation.
By Regional Analysis
North America dominated the market and accounted for the largest revenue share of 29.1% in 2020. Improved production technology, presence of major players within the region, and increased expenditure on R&D to widen their product portfolio.
The enormous presence of generic medicine manufacturers in China and India, increasing demand for cost-efficient therapeutics, rapidly growing economical conditions, and rise in contract manufacturing organizations within the region, are factors responsible for its high growth.
Key Players
Market Segmentation
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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