Global Softgel Capsules Market Poised to Grow at a CAGR of 4.6% Through 2026
The global softgel capsules market is expected to register remarkable growth during the forecast period (2017 to 2026), according to a new market XploreMR. The growth of the market is mainly attributed to rising consumer awareness and concerns about body deficiencies, and subsequent consumption of vitamin and nutritional supplements in oral dosage formats.
Furthermore, increasing preference for oral dosage owing to effectiveness and ease in swallowing is acting as a growth driver to the softgel capsule market. On the other hand, increasing investments by manufacturers in research and development activities, coupled with advancements in technology have enabled the adoption of novel sources for producing softgel capsules.
These new sources have introduced vegetarian softgel capsules, and are also enabling seamless manufacturing procedures for softgel capsules. On the back of these factors, the global softgel capsules market is forecasted to progress at a healthy CAGR of 4.6% through the forecast period.
Burgeoning Demand for Green and Organic Products Fosters Market Growth
Over the years, the demand for natural and green products has been propelling as consumers seek natural alternatives. Furthermore, on the back of increasing levels of disposable income, consumers are exhibiting a willingness to pay premium prices for natural and organic products, which is expected to drive the demand for vegetarian softgel capsules (HPMC, starch, and pullulan softgel capsules).
Along similar lines, growing concerns and awareness among consumers towards healthcare spending are also positively impacting the demand for health supplements across the world. Likewise, the advent of softgel capsules plays a vital role among infants and children as well as old people, as they face the risk of not being able to swallow the tablet properly.
Growing Popularity of Sports Nutrition Propels Demand
Consumption of sports nutrition is not confined to professional athletes and weightlifters any more and is penetrating into global events, marathons, gym-goers, and game events, on the back of growing healthy and fitness trends globally. Increasing health-consciousness among consumers is propelling demand for the capsules equally. While sportsmen and professional athletes continue to channel sales, increased consumer demand for sports supplements is bestowing lucrative revenue opportunities to the manufacturers.
Leveraging the demand, retailers are increasing the shelf space for sports nutrition products, thus contributing to their growth in oral dosage format i.e. softgel capsules. Additionally, the advent of novel technologies for filling liquids and semi-solids into softgel capsules in pharmaceutical, cosmeceutical, and nutraceutical companies will continue to complement the growth of the softgel capsules market over the assessment period.
Asia Pacific to Bestows Lucrative Revenue Opportunities Backed by Increased Healthcare Spending
The European region is forecasted to remain the leading regional market for softgel capsules through the forecast period, while North America is poised to register healthy growth in the coming years. On the other hand, Asia-Pacific is expected to offer remunerative opportunities, owing to growing awareness about health supplements, increased consumer spending, and growing government spending on healthcare infrastructure. Furthermore, the presence of the geriatric population is another major growth attribute, contributing to the region's growth at a CAGR of 5% during the forecast period.
Competitive Landscape of Global Softgel Capsule
Some of the major organizations operating in the global softgel capsule market include Weihai Baihe Biology Technological Co. Ltd., Patheon, Catalent, Inc., Captek softgel International Inc., Capsugel, Amway, EuroCaps Ltd., Strides Pharma Science Limited, Sirio Pharma Co. Ltd., Soft Gel Technologies, Inc., International Vitamin Corporation, etc.
Softgel Capsules Market: Report Scope
A latest market report by XploreMR on the global softgel capsules market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global softgel capsules market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global softgel capsules market. This market study contains exclusive insights into how the global softgel capsules market is anticipated to grow during the forecast period of 2020-2030.
The primary objective of the global softgel capsules market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with softgel capsules. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global softgel capsules market, and to discover lucrative opportunities in the market.
This report also provides an estimate of the global softgel capsules market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the softgel capsules market. Furthermore, new and emerging players in the global softgel capsules market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global softgel capsules market.
The study is relevant for manufacturers, suppliers, distributors, and investors in the global softgel capsules market. All stakeholders in the global softgel capsules market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in XploreMR report.
Global Softgel Capsules Market: Research Methodology
XploreMR is committed to providing unbiased market research solutions to its clients. XploreMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global softgel capsules market, and reach conclusions about the future growth factors of the softgel capsules market. XploreMR research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.
A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, which XploreMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:
- Primary Research
- Secondary Research
- Trade Research
- Social Media Research
XploreMR report on the global softgel capsules market offers information divided into five segments – product, raw material, end user, application, and region.
- Gelatin Softgel Capsules
- Vegetarian Softgel Capsules
- Type-A Gelatin (Pork Skin)
- Type-B Gelatin
- Fish Bone Gelatin
- Hydroxy Propyl Methyl Cellulose (HPMC)
- Starch Material
- Pharmaceutical Companies
- Nutraceutical Companies
- Cosmeceutical Companies
- Contract Manufacturing Organizations
- Antacid and Antiflatulent Preparations
- Antianemic Preparations (Hematenic Preparations)
- Anti-inflammatory Drugs
- Antibiotic and Antibacterial Drugs
- Cough and Cold Preparations
- Cardiovascular Therapy Drugs
- Health Supplements
- Vitamins and Dietary Supplements
- Other Therapeutic Applications
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Global Market Study on Softgel Capsules: Growing Preference Witnessed for Vegetarian Compositions over GelatinBuy Now
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