Overview:

The global softgel capsule market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. A softgel capsule is an oral dosage form and also called as soft gelatin capsule. This solid capsule comes with outer material of a semi-solid or soft material that holds active ingredients inside it. Majorly these capsules are made up of gelatin material hence referred as gelatin of softgel capsule.

The soft material get dissolve quickly after consumption which increases drug absorption time. These capsules are suitable to hold liquid, oil-soluble, semi-solid drugs, and oil.

Market Dynamics:

The benefits associated with softgel capsule is a primary factor driving growth of the global softgel capsule market. Softgel capsule are able to increase the drug absorption owing to their soft and quickly dissolving outer material. Also, softgel capsules are able to improve the bioavailability of drugs and are easy to consume owing to their soft material and capacity to cover the unpleasant drugs or active ingredient smell.

In addition, increasing awareness about fitness and health among general population across the globe is another major factor driving growth of the target market. The consumption of fitness products has increased exponentially in last few years. Many individuals are preferring multivitamin capsules that are made up of softgel. This is expected to support target market growth in the near future.

However, rising concerns about stability of softgel capsules and limited availability of medicines that are compatible with softgel are key factors affecting growth of the global softgel capsule market.

Key Trends:

Growing focus on product advancements and product launches by key players is a key trend witnessed in the global softgel capsule market. For example, in June 2019, Sirio Group, a leading contract development, innovation, and manufacturing organization (CdiMO) of nutraceuticals has announced launch of oil-based probiotic softgel capsules.

Regional Analysis:

For detailed understanding of market dynamics, the global softgel capsule market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is accounted for the major value share in 2019 followed by Europe. This is owing to strong presence and high R&D activity in the target market area in the region. Many leading players have their R&D centers in countries in these regions which is driving advanced product launches in the market. This is resulting in growth of the regional market.

The Asia Pacific region is expected witness highest CAGR during the forecast period, owing to rising consumer base in countries in the region. Also, growing awareness about health and physical fitness is driving softgel capsule based health supplement sales in the region.

Scope of the Report:

Detailed Segmentation:

Global Softgel Capsule Market, By Product Type:

• Standard
• Vegetarian

Global Softgel Capsule Market, By Application:

• Pharmaceutical
• Nutraceutical
• Cosmetics

Global Softgel Capsule Market, By End User:

• Pharmaceutical Companies
• Contract Manufacturing Organizations
• Others (Nutraceuticals and Cosmetics Companies)

Key Players Covered:

Key players operating in the global softgel capsule market includes Fuji Capsule Co. Ltd., Catalent Inc., Colorcon Inc., Sirio Pharma Co., Ltd., Lonza Group Ltd., Aenova Group GmbH, Captek Softgel International Inc., EuroCaps Ltd.,  Elnova Pharma, and InovoBiologic Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Softgel Capsule Market by product type, application, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global softgel capsule market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.