Softgel Capsules Market Set for Explosive Growth with 7.24% CAGR by 2030

MarkNtel Advisors recently published a detailed industry analysis of the Global Softgel Capsules Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Softgel Capsules Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Softgel Capsules Market size is valued at around USD 1.23 billion in 2023 and is estimated to grow at a CAGR of about 7.24% during the forecast period, i.e., 2024-30.

Key Findings in Global Softgel Capsules Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- Sirio Pharma, Captek, Fuji Capsules Co Ltd., Patheon, Catalent, Eurocaps, Guangdong Yichao Biological Co., Ltd., Aenova, Soft gel Technologies Inc., Procap Laboratories, Capsugel, Elnova Pharma, Robinson Pharma, Inc., United Labs, Delpharm Evreux, and others

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Softgel Capsules industry?

Elevating Demand for Softgel Capsules in Preventive Healthcare & Specialized Centers – The surging health consciousness & the increasing emphasis on preventive healthcare are fueling the demand for softgel capsules, particularly in the realm of dietary supplements. A significant driving force behind this is the global aging population, where elderly individuals often necessitate pharmaceuticals and supplements in a format that is convenient & easily digestible.

Consequently, there has been a notable upswing in demand for softgel capsules targeting common health concerns, including menopause, vitamin deficiencies, eye health, and others. This heightened demand has prompted numerous softgel capsule manufacturing companies to develop specialized products tailored to address these specific health needs. Furthermore, as the prevalence of these health conditions continues to rise, the demand for these specialized softgel capsules is expected to witness further growth in the forecast years.

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What segments define the Global Softgel Capsules Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Type

• Gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
• Non-gelatin Softgel Capsules- Market Size & Forecast 2019-2030F, USD Million
  • Starch- Market Size & Forecast 2019-2030F, USD Million
  • Cellulose- Market Size & Forecast 2019-2030F, USD Million
  • Pullulan- Market Size & Forecast 2019-2030F, USD Million

According to report, Gelatin Softgel Capsules have been maintaining the maximum demand in the market over the historical years, and this trend is to be followed in the forecast year as well.

By Application

• Prescription Medicines- Market Size & Forecast 2019-2030F, USD Million
• Health & Dietary Supplements- Market Size & Forecast 2019-2030F, USD Million

According to report, Health & Dietary Supplements held the maximum share of the Softgel Capsules Market.

By End User

• Pharmaceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Nutraceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Cosmeceutical Companies- Market Size & Forecast 2019-2030F, USD Million
• Contract Manufacturing Organizations- Market Size & Forecast 2019-2030F, USD Million

By Raw Material

• Type-A Gelatin (Pork Skin)- Market Size & Forecast 2019-2030F, USD Million
• Type-B Gelatin (Animal Bones & Skin)- Market Size & Forecast 2019-2030F, USD Million
• Fish Bone Gelatin- Market Size & Forecast 2019-2030F, USD Million
• Cellulose Gelatin- Market Size & Forecast 2019-2030F, USD Million
• Starch Application- Market Size & Forecast 2019-2030F, USD Million

By Route of Administration

• Oral Softgels- Market Size & Forecast 2019-2030F, USD Million
• Rectal Softgels- Market Size & Forecast 2019-2030F, USD Million
• Vaginal Softgels- Market Size & Forecast 2019-2030F, USD Million
• Others (Ophthalmic, Nasal, etc.)- Market Size & Forecast 2019-2030F, USD Million

By Distribution Channel

• Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030F, USD Million
• Pharmacies & Drug Stores- Market Size & Forecast 2019-2030F, USD Million
• Online Providers- Market Size & Forecast 2019-2030F, USD Million

Explore the Complete Global Softgel Capsules Market Analysis Report – https://www.marknteladvisors.com/research-library/softgel-capsules-market.html

Geographical Analysis: Global Softgel Capsules Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

  Global Softgel Capsules Market Recent Development:

• 2022: Aenova Group entered into a partnership with Microcaps to expedite and enhance the development & manufacturing of pharmaceuticals, dietary supplements, and various other products.
• 2022: Procaps Group expanded its global presence in the Contract Development and Manufacturing Organization (CDMO) sector by acquiring a softgel production facility and pharmaceutical Research and Development (R&D) center in the United States. This strategic move enhances the growth prospects of its iCDMO business unit.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Softgel Capsules Market?
• How is the Global Softgel Capsules Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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