Softgel Capsule Market: Global Industry Analysis, Size, Trends, Growth, Forecast 2019 - 2029
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:
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:
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.
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