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Softgel Capsule Market

Softgel Capsule Market Size, Share & Segments 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1183 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Softgel Capsule Market Size was valued at USD 6.71 billion in 2021 and is expected to reach USD 11.21 billion by 2028, and grow at a CAGR of 7.6% over the forecast period 2022-2028.

Softgel Capsules are stored in airtight accessible capsules that contain a liquid or semi-solids form of substance that is free of air or gas bubbles. Its main ingredients are gelatin films that have been plasticized with sorbitol, glycerin, or a similar polyol. Soft gel capsules, like two-case hard capsules, are usually used orally. Softgel capsules come in a variety of shapes, including round, tubs, oval, oblong, and suppository, among others.

Softgel Capsule Market

It can also be made in a variety of shapes to appeal to children. Softgel capsules are becoming more popular among patients who have trouble swallowing and consuming medications in other forms, such as youngsters and the elderly. Softgel capsules may often hold a wide range of dry, paste, and liquid fillings. Gelatin or other goods, plasticizer, and water are the main ingredients in these capsules. Colors and opacifiers, in addition to these, are used in varied degrees to enhance their aesthetic appeal while also protecting encapsulated photosensitive pharmaceuticals from the effects of light.

MARKET DYNAMICS

DRIVERS

  • Increasing health-conscious population

  • Increasing inclination towards sports

  • Growing desire to be physically fit

RESTRAINTS

  • Price Volatility to Restrain Softgel Capsule Market Growth During the Study Period.

OPPORTUNITIES

  • Adoption of Cutting-Edge Technologies to Create Lucrative Opportunities in the Future

CHALLENGES

  • Vegetarian Capsules' High Costs Will Be a Major Obstacle

IMPACT OF COVID-19

The COVID-19 outbreak is thought to have had a favourable impact on the softgel capsule market volume. The rising demand for supplements to boost immunity is one of the major factors expected to propel the softgel capsule market forward.

MARKET ESTIMATION

By Application: During the forecast period, the nutrition segment of the softegel capsules market is expected to grow at a CAGR of 7.6 percent. The rapid adoption of a sedentary lifestyle is projected to result in a variety of health problems, which will help drive the segment's growth.

By Type: The gelatin section of the softegel capsules market is predicted to grow faster than the non-animal type segment. By 2028, the market value of the category is estimated to reach USD 11.21 billion. The non-animal type sector, on the other hand, is expected to grow at a 7.6 percent CAGR during the course of the study.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Weihai Baihe Biology Technological Co. Ltd., Soft Gel Technologies, Inc., Captek softgel International Inc., Patheon (part of Thermo fisher scientific), Catalent, Inc., Capsugel (a part of lonza), Strides Pharma Science Limited, Amway, EuroCaps Ltd., , International Vitamin Corporation, Sirio Pharma Co. Ltd.

KEY MARKET SEGMENTS:

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

Softgel Capsule Market

REGIONAL ANALYSIS

North America, Europe, Asia Pacific, and the Rest of the World make up the Global Softgel Capsules Market. Over the forecast timeframe, North America is expected to hold the highest market share in the Softgel Capsules Market, followed by Europe. In North American countries, the demand for nutritional items and treatments has skyrocketed. Over the anticipated term, this will result in a significant expansion of softgel capsules. Furthermore, increased government funding for health and wellness products, as well as rising research and development in the pharmaceutical manufacturing industry, are creating significant market potential in the region.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

 

Softgel Capsule Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 6.71 Billion
Market Size by 2028 US$ 11.21Billion
CAGR CAGR of 7.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • 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)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Weihai Baihe Biology Technological Co. Ltd., Soft Gel Technologies, Inc., Captek softgel International Inc., Patheon (part of Thermo fisher scientific), Catalent, Inc., Capsugel (a part of lonza), Strides Pharma Science Limited, Amway, EuroCaps Ltd., , International Vitamin Corporation, Sirio Pharma Co. Ltd.
DRIVERS • Increasing health-conscious population
• Increasing inclination towards sports
• Growing desire to be physically fit
RESTRAINTS • Price Volatility to Restrain Softgel Capsule Market Growth During the Study Period.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Softgel Capsule Market Segmentation, by Type

8.1 Gelatin/ Animal Based

8.2 Non-animal Based

 

9. Softgel Capsule Market Segmentation, by Application

9.1 Antacid & Anti-flatulent Preparations

9.2 Vitamin & Dietary Supplement

9.3 Antibiotic & Antibacterial Drugs

9.4 Cough & Cold Preparations

9.5 Anti-anemic Preparations

9.6 Health Supplement

9.7 Anti-inflammatory Drugs

9.8 Pregnancy

 

10. Softgel Capsule Market Segmentation, By Manufacturers

10.1 Pharmaceutical Companies

10.2 Contract Manufacturing Organizations

10.3 Nutraceutical Companies

10.4 Cosmeceutical Companies

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3        Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4        Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 Weihai Baihe Biology Technological Co. Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Soft Gel Technologies, Inc.

12.3 Captek softgel International Inc.

12.4 Patheon (part of thermo fisher scientific)

12.5 Catalent, Inc.

12.6 Capsugel (a part of lonza)

12.7 Strides Pharma Science Limited

12.8 Amway

12.9 EuroCaps Ltd. (part of the DCC plc Group)

12.10 Sirio Pharma Co. Ltd.

12.11 International Vitamin Corporation

 

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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