Softgel Capsules Market Poised to Expand at a Robust Pace of USD 9.1 Billion Over 2028: Grand View Research Inc.

 Softgel Capsules Market Growth & Trends

The global softgel capsules market size is estimated to reach USD 9.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.0% from 2021 to 2028. Softgel capsules are proven to be the choice of formulation for poorly soluble drugs and enhance absorption time of most drug molecules. Its advantages over tablets and other oral formulations have led to the increased adoption of softgel capsules across the globe. Ease of swallowing, taste masking, improved bioavailability, non-reactive, aesthetically appealing, and longer shelf life are the factors influencing its wide acceptance.

Leading players like Catalent, Eurocaps, and many others, are developing vegan capsules to broaden their vegan consumer base as softgel capsule segment registers nearly 40.0% of their overall revenue. Large Pharma companies like Pfizer, Novartis, Bayer, Procter and Gamble, collaborate with leading Contract Manufacturing Organizations (CMOs) to provide cost-effective products in the highly competitive market. Research to develop oral vaccines to treat respiratory infection caused by the SaRS-CoV-2 virus has fueled the R&D of softgel manufacturers. Additionally, the shift towards a healthier lifestyle and immunity-boosting vitamins, have also surged the softgel market post-outbreak of the COVID-19 pandemic.

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Softgel Capsules Market Report Highlights

• The gelatin segment accounted for the largest revenue share in 2020 due to its advantages over any other excipient in the excipient industry
• The vitamins and dietary supplementssegment held the largest share in 2020 in the application outlook
• Nutraceuticalheld the largest revenue-generating segment in manufacturer market, owing to the Increasing awareness of health supplements among developing nations and growing number of production houses, and surge in sales due to Covid-19 pandemic
• North America held the largest share in the market due to the Improved production technology, presence of major players within the region and increased expenditure on R&D to widen their product portfolio

Access Press Release@ https://www.grandviewresearch.com/press-release/global-softgel-capsules-market

Softgel Capsules Market Segmentation

Grand View Research has segmented the global softgel capsules market on the basis of type, application, manufacturer, and region:

Softgel Capsules Type Outlook (Revenue, USD Million, 2016 - 2028)

• Gelatin-based/Animal-based
• Non-animal-based

Softgel Capsules Application Outlook (Revenue, USD Million, 2016 - 2028)

• Antacid and anti-flatulent preparations
• Anti-anemic preparations
• Anti-inflammatory drugs
• Antibiotic and antibacterial drugs
• Cough and cold preparations
• Health supplement
• Vitamin and dietary supplement
• Pregnancy

Softgel Capsules Manufacturers Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical Companies
• Nutraceutical Companies
• Cosmeceutical Companies
• Contract Manufacturing Organization

Softgel Capsules Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Norway
  • Sweden
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
  • UAE

List of Key Players of Softgel Capsules Market

• Fuji Capsules Co Ltd.
• Sirio Pharma
• Captek
• Patheon
• Catalent
• Eurocaps
• Aenova
• Capsugel
• Procaps Laboratories
• Soft gel Technologies Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.