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Softgel Capsule Market Size Is to Hit US$ 11.21 Billion by 2028 : Adoption of Latest Technologies and Expanding Health Conscious Population Around the Globe

The Softgel Capsule Market Size was valued at US$ 6.71 billion in 2021 and is anticipated to reach at US$ 11.21 billion by 2028, with a healthy CAGR of 7.6%.

 

Pune, Maharashtra -- (SBWIRE) -- 08/10/2022 -- Softgel Capsule Market Overview:

A softgel capsule is a solid capsule that includes an active substance that is liquid or semi-solid. In the medical field, soft gelatin capsules are typically employed as medicine containers. These capsules can hold a variety of pharmacological substances that are semi-solid, liquid, gel, or paste-filled. They can also be produced in specialized shapes designed to appeal to children. Patients who have trouble swallowing and consuming medications in other forms, like youngsters and the elderly population, are increasingly choosing softgel capsules. In addition to them, variable amounts of colors and opacifiers are used to enhance their aesthetic appeal and shield encapsulated photosensitive medications from the effects of light.
According to the recent research report by SNS Insider, the softgel capsule market is projected to reach USD 11.21 billion by 2028, with a steady CAGR of 7.6% during the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges

The market is anticipated to grow as a result of rising demand for nutraceuticals, rising investments in manufacturing facilities for capsules, and rising applications of softgel capsules in the nutraceutical sector. Moreover, the worldwide softgel capsule market is anticipated to rise due to the rising prevalence of cardiac conditions in people. People are choosing nutritional and vitamin supplements that are contained in oral dosage formats, are simple to swallow, and allow the nutrients to be efficiently absorbed by the body as they become more aware of their own deficits.

However, it is anticipated that during the projected period, the demand for kosher- and halal-certified hard gelatin capsules would outpace market expansion due to the high cost of vegetarian capsules, fluctuating raw material prices, and these factors.

Impact of the COVID-19 Pandemic

The global softgel capsule market was significantly impacted by the COVID-19 epidemic. Manufacturers of softgels have been investing in R&D to create an oral vaccination to combat respiratory infections brought on by the SaRS-CoV-2 virus. Additionally, the market for softgels has experienced a boom since the COVID-19 pandemic because of a move towards healthy lifestyles and immunity-boosting vitamins. Due to the rising popularity of health supplements in emerging countries, the expansion of manufacturing facilities, the COVID-19 pandemic-related sales boom, and the greatest revenue-generating segment among manufacturers, nutraceutical businesses held the majority of the market share.

Softgel Capsule Market Segmentation analysis

The market share that belonged to the animal type sector was highest compared to other segments. Because they allow the administration of liquids in a solid dosage form with a bioavailability advantage over other regularly used solid dosage forms, animal-type soft gelatin capsules have become more and more popular.
Health Supplements had the biggest market share by application and was anticipated to expand at a faster CAGR during the forecast period. The elements that are further helping the market's growth are an increase in disposable income, quick urbanization, and growing health and nutrition awareness.

The pharmaceutical businesses segment grew more lucratively in terms of producers and generated higher income owing to increased accessibility of softgel capsules for the treatment of various diseases.

Major Segments and Sub-Segment of Softgel Capsule Market are Listed Below:

By Type:
- Gelatin/ Animal-Based
- Non-animal Based

By Application:
- Antacid & Anti-flatulent Preparations
- Vitamin & Dietary Supplement
- Antibiotic & Antibacterial Drugs
- Cough & Cold Preparations
- Anti-anemic Preparations
- Health Supplement
- Anti-inflammatory Drugs
- Pregnancy

By Manufacturers:
- Pharmaceutical Companies
- Contract Manufacturing Organizations
- Nutraceutical Companies
- Cosmeceutical Companies

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Softgel Capsule Industry Regional Analysis

Key businesses are concentrating on techniques like facility expansion among other places in North America to improve market manufacturing capacity. In North American nations, the need for nutritional goods and medications has increased exponentially. Over the anticipated term, softgel capsule sales will significantly increase as a result. In addition, increased pharmaceutical product research and development as well as rising government backing for health and wellness products are opening up significant softgel capsule market prospects in the region.

Key Questions answered in this report are:

- How will new product releases and technological advancements affect market growth?
- What segment generated the highest revenue share, and what is the future prognosis for that segment?
- What are the market's enticements for various value chain stakeholders?
- Who are the major participants in the Softgel Capsule market, and what is their level of competition?

Table of Contents - Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Softgel Capsule Market Segmentation, By Type

9. Softgel Capsule Market Segmentation, By Application

10. Softgel Capsule Market Segmentation, By Manufacturers

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

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