The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Softgel Capsules Global Market Report 2023, The global softgel capsules market is expected to grow from $7.20 billion in 2022 to $7.75 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The softgel capsules market is expected to grow to $10.27 billion in 2027 at a CAGR of 7.3%.

What was the major driver in the softgel capsules market?
The increased prevalence of chronic diseases such as cardiovascular disease is likely to propel the soft gel capsules market forward in the coming years. Cancer, heart disease, stroke, diabetes, cancer, and arthritis are examples of chronic diseases that last a year or more. These are the most prevalent chronic illnesses that can be managed but not cured and necessitate continuous dietary and medical attention. Soft gel capsules supply the nutritional supplements that chronic patients require; as a result, the increased prevalence of chronic illnesses raises demand for soft gel capsules. According to a study report released by the American Action Forum in September 2020, chronic illness frequency and costs are increasing in the United States. Chronic illness is expected to rise further as the incidence of illness among children and adolescents rises. Chronic illness is a significant healthcare concern since it costs the United States $3.7 trillion per year, or nearly 19.6% of GDP, and is on the rise. As a result, the increased frequency of chronic diseases such as cardiovascular disease will propel the softgel capsules market.

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What was the key trend in the softgel capsules market?
Technological developments are a major trend that is gaining traction in the soft gel capsules market. To maintain their market position, major players in the soft gel capsules market are focusing on developing new products using cutting-edge technology. For example, Roquette, a French manufacturer of plant-based chemicals and pharmaceutical excipients, will offer the pharmaceutical-grade solution LYCAGEL in November 2020 for a vegetarian soft gel capsule formulation developed with pea starch technology. Salt, NEOSORB sorbitol, a plant-based component used in nutraceuticals, and carrageenan, a setting agent found in marine macroalgae, are all included in the new capsule formulation. The novel product has a high capsule strength, seal integrity, a fast drying time without stickiness, quick disintegration, no cross-linking, and a processing temperature that is acceptable for higher temperatures.

Which was the largest region in the softgel capsules market?
North America was the largest region in the soft gel capsules market in 2022. The regions covered in the soft gel capsules report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the softgel capsules market prominent players?
Major players in the softgel capsules market are Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., Aenova Group GmbH, Sirio Pharma Co. Ltd. (SIRIO), Procaps Laboratories, Captek Softgel International Inc., Fuji Capsule Co. Ltd., Hunan ER-KANG Pharmaceutical Co. Ltd., Patheon, Curtis Health Caps, Delpharm Evreux, Estrellas Life Sciences Pvt. Ltd., Elnova Pharma, and Soft Gel Technologies Inc.

Key softgel capsules market segments
The global softgel capsules market is segmented –
1) By Type: Gelatin or Animal Based, Non-Animal Based
2) By Manufacturers: Pharmaceutical Companies, Nutraceutical Companies, Cosmetic 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

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The Softgel Capsules Global Market Report 2023  provides a comprehensive overview on the softgel capsules market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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