Market Overview: Softgel Capsules Market FY24-30
This reports provides an essential and dependable overview of the Softgel Capsules Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Softgel Capsules Market Report Coverage Details:
- Base Year: 2023
- Historical Data: 2019-22
- Forecast Period: 2024-2030
- CAGR: 7.24% (2024-2030)
The Global Softgel Capsules Market size is valued at around USD 1.23 billion in 2023 and is estimated to grow at a CAGR of about 7.24% during the forecast period, i.e., 2024-30.
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Softgel Capsules Market Opportunity:
Rising Demand for Vegan Softgel Supplements – The rising demand for vegan supplements has emerged as a noteworthy trend driving the growth of the Softgel Capsules Market. This is primarily attributed to the evolving consumer preference for products that feature natural & sustainably sourced components. It seamlessly aligns with the broader wellness movement, where consumers express a desire for products perceived as healthier & more environmentally friendly. The market has responded to this demand by witnessing the development and introduction of softgel capsules tailored to meet these specific consumer needs. For instance:
- In 2023, International Flavors & Fragrances (IFF) introduced a vegan softgel capsule designed for the nutraceutical sector, addressing the growing global consumer demand for vegan-friendly supplements.
This fad holds the potential to elevate consumer awareness regarding ingredient sourcing and environmental impact. As consumers increasingly prioritize sustainability and plant-based options, the softgel capsule market is anticipated to continue evolving in response to these preferences, consequently influencing the market growth in the forecast years.
Softgel Capsules Market Segmentation Analysis – FY24-30
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Softgel Capsules Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Softgel Capsules Market segmentation is enlisted below:
By Type
- Gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
- Non-gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
- Starch- Market Size & Forecast 2019-2030F, USD Million
- Cellulose- Market Size & Forecast 2019-2030F, USD Million
- Pullulan- Market Size & Forecast 2019-2030F, USD Million
By Application
- Prescription Medicines- Market Size & Forecast 2019-2030F, USD Million
- Health & Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million
By End User
- Pharmaceutical Companies- Market Size & Forecast 2019-2030F, USD Million
- Nutraceutical Companies- Market Size & Forecast 2019-2030F, USD Million
- Cosmeceutical Companies- Market Size & Forecast 2019-2030F, USD Million
- Contract Manufacturing Organizations- Market Size & Forecast 2019-2030F, USD Million
By Raw Material
- Type-A Gelatin (Pork Skin)- Market Size & Forecast 2019-2030F, USD Million
- Type-B Gelatin (Animal Bones & Skin)- Market Size & Forecast 2019-2030F, USD Million
- Fish Bone Gelatin- Market Size & Forecast 2019-2030F, USD Million
- Cellulose Gelatin- Market Size & Forecast 2019-2030F, USD Million
- Starch Application- Market Size & Forecast 2019-2030F, USD Million
By Route of Administration
- Oral Softgels- Market Size & Forecast 2019-2030F, USD Million
- Rectal Softgels- Market Size & Forecast 2019-2030F, USD Million
- Vaginal Softgels- Market Size & Forecast 2019-2030F, USD Million
- Others (Ophthalmic, Nasal, etc.)- Market Size & Forecast 2019-2030F, USD Million
By Distribution Channel
- Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
- Pharmacies & Drug Stores- Market Size & Forecast 2019-2030F, USD Million
- Online Providers- Market Size & Forecast 2019-2030F, USD Million
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Softgel Capsules Market Competitive Landscape
Sirio Pharma, Captek, Fuji Capsules Co Ltd., Patheon, Catalent, Eurocaps, Guangdong Yichao Biological Co., Ltd., Aenova, Soft gel Technologies Inc., Procap Laboratories, Capsugel, Elnova Pharma, Robinson Pharma, Inc., United Labs, Delpharm Evreux, and others.
Softgel Capsules Industry News:
- 2022: Aenova Group entered into a partnership with Microcaps to expedite and enhance the development & manufacturing of pharmaceuticals, dietary supplements, and various other products.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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