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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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