Softgel Capsule Market: Global Industry Analysis, Size, Trends, Growth, Forecast 2019 - 2029
Softgel Capsule Market: Global Industry Analysis, Size, Trends, Growth, Forecast 2019 - 2029
Report Digest
Global Softgel Capsule Market: Overview
Softgel capsules are drug formulations which are unique in their packaging of the drug concentrate in a manner that increases efficiency of drug delivery. These capsules utilize a gelatin or starch coating around a liquid or semi-solid pharmaceutical preparation, which ensures that the preparation reaches the stomach and enteric system intact, increasing the bioavailability of said preparation. Drugs are often not able to reach good bioavailability in the human body due to their early dissolution in pre-enteric secretions. Softgel capsules circumvent that problem and hence are utilized today for various drug delivery systems.
It is pertinent to note here that as increase in demand of nutraceutical products such as vitamins, micronutrients and other supplements grows, owing to rapid ageing of the world population and poor diets, demand for softgel capsule would grow in tandem, states TMRR. It notes that from 2019 to 2029, new opportunities will be observed in the global softgel capsule market landscape.
Global Softgel Capsule Market: Competitive Landscape
Various manufacturers are engaged in producing this product, making the market fragmented. They are looking to expand into this market through mergers and acquisitions of smaller manufacturing facilities which can give them the reach and production capability required.
Key manufacturers in the softgel capsule market are:
- Weihai Baihe Biology Technological Co. Ltd.
- Patheon
- Catalent, Inc.
- Captek softgel International Inc.
- Capsugel (a part of lonza),
- Amway
- EuroCaps Ltd.
- Strides Pharma Science Limited
- Sirio Pharma Co. Ltd.
- Soft Gel Technologies, Inc.
- International Vitamin Corporation
- Aenova Inc.
Global Softgel Capsule Market: Key Trends and Drivers
More and more people are opting for supplements to ensure balanced amount of vitamins and minerals in the body. This is set to drive the market forward. A glimpse into key trends and drivers is provided below:
- The global population today is increasingly aware of the benefits of supplements and their need in a fast-paced life where it is often not possible to prepare balanced meals. This is set to drive demand for dietary supplements over the next few years, increasing demand for efficient drug delivery systems such as the softgel capsules.
- A major chunk of dietary supplements is consumed by the sports industry to enhance performance among athletes, and even among the general populace. The global sports industry is expected to grow steadily over the next few years as more and more people take to physically strenuous outdoor activities. This is anticipated to drive the global softgel market forward over the forecast period.
- A hindrance to growth in this market could be the requirement for specialized processing machinery, which makes the end-product more expensive compared to conventional drug formulations. Also, the shelf life of these formulations is poorer than conventional drugs, hence can be a deterrent for the softgel capsule market.
Global Softgel Capsule Market: Regional Analysis
People in North America and Europe are giving great emphasis to personal health and appropriate supplementation. This is why these regions currently dominate the global softgel capsule market in terms of volume of demand and production, which is helped along by an industrial infrastructure which is more specialized than in other regions globally.
The Asia Pacific region (APAC) is currently a sizeable market for softgel capsules, and is expected to show impressive growth in the future owing to increasing awareness among people about personal health and a rapid, pill-popping lifestyle shift.
Market Segmentation:
By Type
- Gelatin Type
- Non-Animal Type
By Application
- Vitamins
- Supplement
- Nutrition
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