Global Softgel Capsules Market Insights: USD 1.23 billion in 2023, Evaluation for 2030, Showcasing a CAGR of 7.24% – MarkNtel Advisors

How big is the Global Softgel Capsules market?

According to MarkNtel Advisors study, The Global Softgel Capsules Market size was valued at around USD 1.23 billion in 2023 and is estimated to grow at a CAGR of about 7.24% during the forecast period, i.e., 2024-30.

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Global Softgel Capsules Market Trend

Rising Demand for Vegan Softgel Supplements –  The rising demand for vegan supplements has emerged as a noteworthy trend driving the growth of the Softgel Capsules Market. This is primarily attributed to the evolving consumer preference for products that feature natural & sustainably sourced components. It seamlessly aligns with the broader wellness movement, where consumers express a desire for products perceived as healthier & more environmentally friendly. The market has responded to this demand by witnessing the development and introduction of softgel capsules tailored to meet these specific consumer needs. For instance:

• In 2023, International Flavors & Fragrances (IFF) introduced a vegan softgel capsule designed for the nutraceutical sector, addressing the growing global consumer demand for vegan-friendly supplements.

This fad holds the potential to elevate consumer awareness regarding ingredient sourcing and environmental impact. As consumers increasingly prioritize sustainability and plant-based options, the softgel capsule market is anticipated to continue evolving in response to these preferences, consequently influencing the market growth in the forecast years.

Leading Companies in the Global Softgel Capsules market:

• Sirio Pharma
• Captek
• Fuji Capsules Co Ltd.
• Patheon
• Catalent
• Eurocaps
• Guangdong Yichao Biological Co., Ltd.
• Aenova
• Soft gel Technologies Inc.
• Procap Laboratories
• Capsugel
• Elnova Pharma
• Robinson Pharma, Inc.
• United Labs
• Delpharm Evreux
• others

Global Softgel Capsules Market Segmentation:

By Type

• Gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
• Non-gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
• Starch- Market Size & Forecast 2019-2030F, USD Million
• Cellulose- Market Size & Forecast 2019-2030F, USD Million
• Pullulan- Market Size & Forecast 2019-2030F, USD Million

Gelatin Softgel Capsules have been maintaining the maximum demand in the market over the historical years, and this trend is to be followed in the forecast year as well.

By Application

• Prescription Medicines- Market Size & Forecast 2019-2030F, USD Million
• Health & Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million

By End User

• Pharmaceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Nutraceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Cosmeceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Contract Manufacturing Organizations- Market Size & Forecast 2019-2030F, USD Million

By Raw Material

• Type-A Gelatin (Pork Skin)- Market Size & Forecast 2019-2030F, USD Million
• Type-B Gelatin (Animal Bones & Skin)- Market Size & Forecast 2019-2030F, USD Million
• Fish Bone Gelatin- Market Size & Forecast 2019-2030F, USD Million
• Cellulose Gelatin- Market Size & Forecast 2019-2030F, USD Million
• Starch Application- Market Size & Forecast 2019-2030F, USD Million

By Route of Administration

• Oral Softgels- Market Size & Forecast 2019-2030F, USD Million
• Rectal Softgels- Market Size & Forecast 2019-2030F, USD Million
• Vaginal Softgels- Market Size & Forecast 2019-2030F, USD Million
• Others (Ophthalmic, Nasal, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Distribution Channel

• Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
• Pharmacies & Drug Stores- Market Size & Forecast 2019-2030F, USD Million
• Online Providers- Market Size & Forecast 2019-2030F, USD Million

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Regional/ Countries Insight:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The North American region holds the highest demand for softgel capsules. This demand is fueled by several factors contributing to the growth of the Softgel Capsules Market in the region.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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