Softgel Capsules Market is projected to reach USD 1.23 billion in 2023, with a CAGR of 7.24%

According to MarkNtel Advisors study the Global Softgel Capsules Market size is 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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Key Findings of the Study: Softgel Capsules market

Global Softgel Capsules Market Driver

Elevating Demand for Softgel Capsules in Preventive Healthcare & Specialized Centers – The surging health consciousness & the increasing emphasis on preventive healthcare are fueling the demand for softgel capsules, particularly in the realm of dietary supplements. A significant driving force behind this is the global aging population, where elderly individuals often necessitate pharmaceuticals and supplements in a format that is convenient & easily digestible.

Consequently, there has been a notable upswing in demand for softgel capsules targeting common health concerns, including menopause, vitamin deficiencies, eye health, and others. This heightened demand has prompted numerous softgel capsule manufacturing companies to develop specialized products tailored to address these specific health needs. Furthermore, as the prevalence of these health conditions continues to rise, the demand for these specialized softgel capsules is expected to witness further growth in the forecast years.

Global Softgel Capsules Market Challenge

Environmental Vulnerabilities to Challenge the Softgel Capsule Market Growth – The impact of heat and humidity on product stability presents a significant challenge to the Softgel Capsules Market's growth. Softgel capsules, which contain liquid or semisolid fillings, are particularly susceptible to environmental factors such as temperature and moisture. Elevated temperatures and high humidity levels can lead to softening or melting of the gelatine shell, resulting in leakage or deformation of the contents. This compromises the product's appearance, efficacy, and shelf life, which impacts the adoption of softgel capsules among drug manufacturers and impacts market progression.

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Scope of the Report and 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

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

Health & Dietary Supplements held the maximum share of the Softgel Capsules Market.

Softgel Capsules Market Development:

• 2022: Aenova Group entered into a partnership with Microcaps to expedite and enhance the development & manufacturing of pharmaceuticals, dietary supplements, and various other products.
• 2022: Procaps Group expanded its global presence in the Contract Development and Manufacturing Organization (CDMO) sector by acquiring a softgel production facility and pharmaceutical Research and Development (R&D) center in the United States. This strategic move enhances the growth prospects of its iCDMO business unit

Geographical Analysis:

By Region

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

The North American region holds the highest demand for softgel capsules.

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