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2022

Softgel Capsules Market

Softgel Capsules Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Pharmaceuticals

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Author's: Monika Darandale | Roshan Deshmukh
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Softgel Capsule Market Outlook, 2031

The global softgel capsules market size was valued at $4.4 billion in 2021, and is projected to reach $7.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. Rapid development of the e-commerce industry and increase in government expenditure on healthcare factors softgel capsules market trends responsible for the market growth. However, high cost associated with softgel impede the market growth. On the other hand, high growth potential in emerging markets and growth in vegan population are expected to offer profitable softgel capsules market opportunity for the growth of the market during the forecast period.

Softgel Capsules Market

Soft gelatin capsules, also known as softgels or soft elastic capsules, are hermetically sealed one-piece capsules containing a liquid or a semisolid fill without a bubble of air or gas. They are made from a more flexible, gelatin film plasticized by the addition of glycerine, sorbitol, or a similar polyol. In addition, non-gelatin softgel capsules are obtained from plant-based natural sources, free of animal derivatives and GMO, and devoid of gluten and modified sugar. They are made from starch, pullulan, and cellulose (Hydroxypropyl Methylcellulose). Vegetarian capsules are an ideal solution for consumers seeking an animal free alternative to gelatin capsules.

The factor which drive global softgel capsules market growth during the forecast period include, increase in R&D activities to support usage of softgel capsules, surge in demand for softgel health supplements, rise in consumer awareness related to preventative healthcare, and proliferation of distribution channels. Furthermore, improvement in lifestyle pattern, rise in geriatric population, and increase in number of self-directed consumers are somefactors which fueled the market growth.

The outbreak of COVID-19 has disrupted workflows in the healthcare sector around the globe. The disease has forced a number of industries to shut their doors temporarily, including several sub-domains of health care. The global softgel capsules industry experienced a decline in 2020 due to global economic recession led by COVID-19. In addition, the COVID-19 outbreak disrupted the supply chain across various end-user industries like food & beverage, healthcare, and industrial.

However, the market is anticipated to witness recovery in 2021, and show stable growth for the softgel capsule market during softgel capsules market analysis. This is attributed to the increase in adoption health supplements to improve immune system during COVID-19 as well as increase in self-care trend coupled with the benefits offered by plant-based softgel capsules. Popular supplement ingredients that are thought to support immune health include, vitamin C, vitamin D, zinc, elderberry, echinacea, and probiotics, which are also available in softgels. During the COVID-19 pandemic, sales of these supplements increased which drive growth of the market. 

Softgel Capsules Market Segments Overview

The softgel capsules market is segmented into type, application, distribution channel, and region. By type, the market is categorized into gelatin softgel capsules and non-gelatin softgel capsules. On the basis of application, the market is segregated into pharmaceuticals, health supplements, and cosmetics. By distribution channel, the market is classified into supermarkets & hypermarkets, pharmacies & drug stores, and online providers. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Type

By type, the market is segmented into gelatin softgel capsules and non-gelatin softgel capsules. The gelatin softgel capsules segment dominated the global softgel capsules market share in 2021, and is expected to remain dominant during the forecast period, owing to increase in adoption of gelatin softgel capsule for various nutritional as well as pharmaceutical purpose and availability of gelatin softgel capsule in the market by various key players.

Softgel Capsules Market by Type

By Application

By application, the market is segregated into pharmaceuticals, health supplements, and cosmetics. The health supplements segment dominated the global market in 2021, and is anticipated to continue this trend during softgel capsules market forecast. This is attributed to increase in application of softgel capsules as heath supplements, such as nutrient compounds include vitamins, minerals, fiber, fatty acids, and amino acids, to increase immune system, reduce anxiety, and boost overall health of people.

Softgel Capsules Market by Application

By Distribution Channel

By distribution channel, the market is classified into supermarkets & hypermarkets, pharmacies & drug stores, and online providers. The pharmacies & drug stores held the largest market share in 2021, and is expected to remain dominant during the forecast period, owing to pharmacies & drug stores is the oldest and most conventional medium distributing softgel capsules to consumers, and availability of these products at retail stores at discounted price.

Softgel Capsules Market by Distribution Channel

By Region

By region, North America accounted for a major share of the softgel capsules market in 2021, and is expected to maintain its dominance during the forecast period, owing to presence of major key players in the U.S. and other countries. In addition, increase in adoption of vegetarian softgel capsule owing to growth in drive the market growth during the forecast period.        

Softgel Capsules Market by Region

Softgel Capsules Market Regional Analysis in Asia-Pacific

Asia-Pacific offers profitable opportunities for key players operating in the softgel capsules market, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes, and well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great opportunity for new entrants in this region. Moreover, rise in personalized medicine expenditure and adoption of high-tech processing to improve the production of softgels, further drive the growth of the market.

The key market players profiled in the report include, Aenova Group, Best Formulations, Inc., Captek Softgel International, Inc., Catalant, Inc., DCC Plc. (Eurocaps), Procaps Groups, Robinson Pharma, Inc., Lyfe Group (Caps Canada), Sirio Pharma Co. (Ayanda), and Thermofisher Scientific, Inc. (Patheon).

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the softgel capsule market analysis from 2021 to 2031 to identify the prevailing softgel capsule market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the softgel capsule market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global softgel capsules market size trends, key players, market segments, application areas, and market growth strategies.

Softgel Capsules Market Report Highlights

Aspects Details
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Market Size By 2031

USD 7.5 billion

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Growth Rate

CAGR of 5.4%

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Forecast period

2021 - 2031

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Report Pages

265

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By Type
  • Gelatin Softgel Capsules
  • Non-Gelatin softgel Capsules
    • Material
      • Starch
      • Cellulose
      • Pullulan
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By Application
  • Pharmaceuticals
  • Health Supplements
  • Cosmetics
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By Distribution Channel
  • Supermarkets and Hypermarkets
  • Pharmacies and Drug Stores
  • Online Providers
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest Of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)
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Key Market Players

Robinson Pharma, Inc., Aenova Group, Captek Softgel International, Inc., Lyfe Group (Caps Canada), Thermofisher Scientific, Inc (Patheon), Procaps Groups, Catalant, Inc., DCC Plc. (Eurocaps), Best Formulations, Inc., Sirio Pharma Co. (Ayanda)

Analyst Review

The adoption of softgel capsules is expected to increase due to rise in number of self-directed consumers and upsurge in awareness about softgel health supplements in developing countries. 

Increase in R&D activities to develop softgel capsules and rise in consumer awareness related to preventative healthcare are projected to supplement the market growth. Major advantages associated with the enteric softgel are higher bioavailability, better clinical outcome, and ease of use, which supplement the market growth. 

North America is expected to remain dominant during the forecast period, due to surge in use of softgel capsules. This is attributed to rise in healthcare awareness, ease of product accessibility, and higher adoption of omega-3 supplements. In addition, Asia-Pacific and LAMEA are expected to offer lucrative opportunities to the key players, due to surge in awareness toward preventative healthcare and rise in use of health supplements.
 

Author Name(s) : Monika Darandale | Roshan Deshmukh
Frequently Asked Questions?

A softgel or soft gelatin capsule is a solid capsule (outer shell) surrounding a liquid or semi-solid center (inner fill).

Gelatin capsules segment is the most influencing segment in softgel capsules market which is attributed to increase in usage of gelatin to produce capsules, due to its physicochemical, biological, and mechanical properties.

The base year is 2021 in softgel capsules market.

The major factor that fuels the growth of the softgel capsules market are rise in number of health-conscious people as well as growth in innovations in the pharmaceutical industry.

The market value of softgel capsules market in 2031 is $2,212.6 million.

Top companies such as, Aenova Group, Captek Softgel International, Inc., Catalant, Inc., DCC Plc. (Eurocaps), Procaps Groups, Robinson Pharma, Inc., Lyfe Group (Caps Canada), and Thermofisher Scientific, Inc. (Patheon). held a high market position in 2021. These key players held a high market postion owing to the strong geographical foothold in different regions.

The total market value of softgel capsules market is $1,311.38 million in 2021.

The forecast period for softgel capsules market is 2022 to 2031

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Softgel Capsules Market

Global Opportunity Analysis and Industry Forecast, 2021-2031