The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Softgel Capsules Global Market Report 2024, the softgel capsules market is expected to show significant growth in the forecast period.

The softgel capsules market has witnessed significant growth in recent years, driven by various factors contributing to its expansion. Here’s an overview of the market dynamics and key trends shaping its trajectory:

Market Growth and Projections

• The softgel capsules market size has grown strongly in recent years.
• It is expected to reach $8.38 billion in 2024, with a compound annual growth rate (CAGR) of 7.9%.
• Projected growth to $11.62 billion in 2028, at a CAGR of 8.5%.

Factors Driving Market Growth

• Pharmaceutical and nutraceutical demand.
• Consumer preference for oral dosage forms.
• Customization and formulation flexibility.
• Enhanced bioavailability.
• Product differentiation and branding.

Chronic Disease Prevalence Fuels Market Expansion

• Chronic diseases like cardiovascular diseases are driving market growth.
• Soft gel capsules provide necessary nutritional supplements for chronic patients.
• The rising prevalence of chronic ailments increases demand for soft gel capsules.

View More On The Softgel Capsules Market Report 2024 – https://www.thebusinessresearchcompany.com/report/softgel-capsules-global-market-report

Industry Insights and Strategic Collaborations

• Major companies operating in the softgel capsules market include Catalent Inc., Eurocaps Ltd., Capsugel Healthcare Ltd., and others.
• Strategic collaborations enhance market presence and innovation.
• Aenova Group GmbH partnered with Microcaps for pharmaceutical and supplement development.

Better Acquisition Propels Industry Forward

• Catalent, Inc. acquired Bettera Holdings, LLC, for $1 billion in August 2021.
• This acquisition accelerates Catalent’s global softgel and oral dose manufacturing capabilities.
• Bettera Holdings LLC offers consumer-preferred products for nutraceutical and functional ingredients.

Market Segmentation

The softgel capsules market is segmented based on type, manufacturers, and application:

1. By Type:Gelatin or Animal Based, Non-Animal Based.
2. By Manufacturers:Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical Companies, Contract Manufacturing Organizations.
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.

Regional Insights

• North America led the soft gel capsules market in 2023.

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