About Softgel Capsules
A softgel capsules are the gelatin-based shell surrounding a liquid fill. Softgel shells are a combination of gelatin, water, opacifier and a plasticizer such as glycerin or sorbitol. Increasing healthcare awareness across people and rising intake of pharmaceutical drugs are the main factors who are driving the market of capsules. A rise in applications of softgel capsules in nutraceutical industries is the main opportunity to the entry in this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Softgel Capsules market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Catalent (United States), Aenova (Germany), NBTY (United States), Procaps (United States), Patheon (United States), EuroCaps (United Kingdom), Captek (United States), Strides Arcolab (India), Capsugel (United States), Soft Gel Technologies (United States) and Roquette (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Amway (United States), Sirio Pharma (China), Baihe Biotech (China), Shineway (China) and Guangdong Yichao (China).
Segmentation Overview
AMA Research has segmented the market of Global Softgel Capsules market by Type (Gelatin type and Non-animal type [Starches, Pullulan, Others]), Application (Prescription Medicine and Health Dietary Supplyments) and Region.
On the basis of geography, the market of Softgel Capsules has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Pharmaceutical will boost the Softgel Capsules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Awareness for Healthcare across People and Rising Intake of Pharmaceutical Drug
Market Growth Drivers:
Growth in the Pharmaceutical Industry and Increasing Healthcare Expenditure in Emerging Countries
Challenges:
fluctuation in the Prices of Raw Materials
Restraints:
High Cost Associated with the Capsules
Opportunities:
Increased consumption of Capsuled vitamin and Nutrition, Rising Applications of Softgel Capsules in Nutraceutical Industries and Technological Advancements in Softgel Capsules
Market Leaders and their expansionary development strategies
In August 2021, Catalent, Inc., the leading global provider of development sciences and manufacturing platforms for medicines, including biotherapeutics; cell and gene therapies; and consumer health products, today announced that it has reached an agreement to acquire Bettera Holdings, LLC, a major manufacturer in the high-growth gummy, soft chew, and lozenge segments of the nutritional supplements market
In November 2020, Roquette, a French plant-based ingredients company and pharmaceutical excipients provider, announced the launch of its pea starch technology, Lycagel, for vegetarian softgel capsule formulations.
Key Target Audience
Soft gel capsules manufacturers, Soft gel capsules suppliers, Medical research laboratories, Research Institutes, Research and Development (R&D) Companies, Market Research and Consulting Service Providers and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.