Exploring Key Insights of the Softgel Capsules Market: Growth Prospects, Emerging Trends, and Opportunities
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How Rapidly is the Softgel Capsules Market Expected to Expand Between 2025 and 2034 Based on Current Trends?
In the past few years, the market size for softgel capsules has seen substantial growth. It is expected to expand from $8.29 billion in 2024 to $8.92 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The historical growth of this market can be credited to factors such as demand in the pharmaceutical and nutraceutical sectors, preference by consumers for oral dosage forms, capability and flexibility for customization and formulation, enhanced bioavailability, as well as product differentiation and branding.
It is anticipated that the softgel capsules market will experience significant expansion in the coming years, with a projected value of $12.67 billion in 2029 and a compound annual growth rate (CAGR) of 9.2%. This expected growth within the forecast period can be ascribed to elements such as the enlarging healthcare sector, the rise of tailored healthcare, the development of the functional food and beverage market, the adoption of natural and organic trends, the emphasis on the senior population, and the introduction of green and sustainable initiatives. Other major trends for the forecast period incorporate nutraceutical advancement, sustainability endeavors, increasing preference for natural and organic products, and adherence to regulatory standards.
What Major Innovations Are Driving the Accelerated Growth of the softgel capsules Market?
The escalating occurrence of chronic conditions like cardiovascular diseases is anticipated to spur the expansion of the soft gel capsules market in the future. Chronic illnesses are conditions that endure for a year or more, including cancer, heart disease, stroke, diabetes, and arthritis. These pervasive chronic diseases can be managed but not cured, necessitating continuous nutrition and medical attention. Soft gel capsules offer the necessary nutritional supplements for those with chronic conditions, which boosts the demand due to the upsurge in chronic diseases. For instance, a study published by the Indian Council of Medical Research, a leading body for biomedical research in India, and the Registrar General and Census Commissioner of India, a governmental agency for registration activities throughout the country, in September 2022. It revealed that around 60% of the global heart disease burden falls on India. On the occasion of World Heart Day 2022, cardiovascular diseases (CVDs) – the prime reason of mortality worldwide – took as many as 17.9 million lives. Consequently, the escalating occurrence of chronic diseases like cardiovascular ailments will spur the growth of the soft gel capsules market.
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Which Key Players Are Shaping the Future of the Softgel Capsules Market?
Major companies operating in the softgel capsules market are:
• Catalent Inc._x000D_
• Eurocaps Ltd._x000D_
• Aenova Group GmbH_x000D_
• Sirio Pharma Co. Ltd._x000D_
• Procaps Laboratories Inc._x000D_
How Are the Latest Trends Influencing the Growth of the Softgel Capsules Market?
One of the main emerging trends in the softgel capsules industry is the rise of technological innovations. Prominent players in this market are investing in state-of-the-art technology to develop newer products and maintain their market dominance. For instance, in April 2023, International Flavors & Fragrances (IFF), Inc. which is recognized for manufacturing flavors, fragrances, and cosmetic actives in the US, unveiled its pioneering pectin-based innovation, VERDIGEL SC. This addition to their range of vegan softgels is a groundbreaking carrageenan-free and vegan softgel technology. VERDIGEL SC, a pectin-based premix, enhances softgel quality, functionality, and production efficiency. It can be easily incorporated into existing procedures requiring just water and a plasticizer, making it versatile for various formulations.
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Which Growth-Oriented Segments of the Softgel Capsules Market Are Leading the Industry’s Development?
The softgel capsules market covered in this report is segmented –
1) By Type: Gelatin Or Animal Based, Non-Animal Based
2) By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical Companies, Contract Manufacturing Organizations, Softgel Capsules
3) By Application: 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
Subsegments:
1) By Gelatin Or Animal Based: Porcine Gelatin, Bovine Gelatin, Fish Gelatin
2) By Non-Animal Based: Vegetarian Capsules, Gelatin Alternatives
What Regions Are At the Forefront of Softgel Capsules Market Expansion?
North America was the largest region in the soft gel capsules market in 2024. The regions covered in the softgel capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can We Define the Softgel Capsules Market and Its Key Components?
Soft gelatin capsules, also known as softgels or soft elastic capsules, are capsules that dissolve faster than hard gelatin capsules and are used to carry medicine in liquid or powder form. It is used to deliver pharmaceuticals and a variety of nutritional supplements, including omega-3 fish oils.
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