Softgel Capsules Market

Global Market Study on Softgel Capsules: Adoption of a Healthier Lifestyle Surged the Softgel Capsules Market Growth

Softgel Capsules Market by Product Type (Gelatin Softgel Capsules and Vegetarian Softgel Capsules)

Report ID: PMRREP14608

Number of Pages: 300

Format: PPT*, PDF, EXCEL

Industry: Food and Beverages

Published Date: March-2023

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Softgel Capsules Market Outlook (2023 to 2033)

The historical period assessment of the Global Softgel Capsules Market showed significant sales and a growth rate of ~4.0% during (2018 to 2022). The market value has increased and registered sales of US$ 611.8 Million in 2023.

Softgel capsules Market Size (2023E)

US$ 611.8 Million

Projected Sales of Softgel capsules (2033F)

US$ 932.1 Million

Value CAGR (2023 to 2033)


Value Share of Top 4 Countries (2023 E)

~40 to 45%

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Softgel Capsules Consumption Analysis (2018 to 2022) Vs. Market Estimations (2023 to 2033)

The Global Softgel Capsules Market has witnessed significant growth in the historical period registering a CAGR of ~4.0% in the historical period and was valued at US$ 611.8 Million in 2023. Softgel capsules have been derived using gelatin as the major raw material, for many years. Investments by manufacturers in research and development activities and advancements in technology have led to the development and usage of other sources for producing softgel capsules, which are vegetarian in nature, and also provide seamless manufacturing procedures for softgel capsules. Moreover, pharmaceutical and nutraceutical companies entering into long-term contracts with softgel capsule manufacturing companies, imports and exports across all regions, and competitive pricing initiatives for large-scale purchasing, are expected to emerge as key trends for achieving sustainable revenue growth in the global softgel capsules market.

The market of health-conscious consumers seeking natural, 'green' products is booming. More than 50 percent of consumers are willing to pay a premium price for a natural product, and nearly half say that they are willing to pay more for organic products, which is expected to drive the growth of the vegetarian softgel capsules (HPMC, starch, and pullulan softgel capsules) segment.

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What are the Key Trends in the Market for Softgel Capsules?

Increasing Demand for Gelatin Alternative Capsules.

Gelatin capsules (made of the skin and bones of bovine, porcine, and fish) continue to be the primary products used by pharmaceutical and nutraceutical industries, while emerging alternatives to gelatin capsules are gaining traction, such as HPMC capsules and vegetarian-based capsules. However, rising complications and drug interactions associated with gelatin capsules are the main factors fuelling the demand for gelatin alternatives in the pharmaceutical and nutraceutical industries. End users are still looking for a variety in terms of vegetarian capsules to attract customers, especially vegetarians.

  • For instance, Hydroxypropyl Methylcellulose (HPMC) capsules are an established alternative to gelatin capsules, and are currently gaining popularity in the pharmaceutical and nutraceutical industries, owing to not having issues such as cross-linking or others. Other vegetarian capsules such as pullulan capsules are another alternative to gelatin capsules, due to them having certain properties such as preservative-free, allergen-free, and gluten-free, among others and easily acceptable by the consumers.

“Adoption of Novel Technologies by Manufacturers is expected to drive the Market Demand”

Manufacturers are undertaking various endeavors to provide unique empty softgel capsules that are more versatile and convenient for pharmaceutical, nutraceutical, and cosmeceutical industry applications. Preference of pharmaceutical and nutraceutical industries is more likely to be inclined towards various empty softgel capsules because of their suitable properties for different formulations such as liquid and solid dosage forms, and easy-to-use features while administrating drugs orally or through inhalation routes.

Various Softgel capsules products are entering the market with advanced novel capsule features, such as chew caps, hydrophilic sandwich (HS) capsules, and duo caps, among others, which are witnessing significantly in demand among end users.

“Various Growth Strategies by Market Players”

The trend to use novel technologies for filling liquids and semi-solids into softgel capsules in pharmaceutical, cosmeceutical, and nutraceutical companies is expected to drive revenue from the empty softgel capsules market during the forecast period.

Companies manufacturing halal softgel capsules are obtaining halal certification from the Islamic Food and Nutrition Council of America (IFANCA), to capture a share of the markets in Muslim-dominated countries. Countries such as Malaysia and Indonesia are currently looking, both, to imported and domestic products that contain gelatin, but which have been produced using halal-certified ingredients.

However, a few companies are maintaining their product portfolio with only hard and soft gelatin capsules. These companies can expect robust incremental growth opportunities if they expand their product portfolio with softgel capsules, vegetarian capsules, and other plant-sourced gelatin capsules.

“Increasing Demand from Health-Conscious Consumers”

Sports nutrition is gaining strong traction among not only professional athletes and weightlifters but also modern health conscious consumers are also leveraging the benefits of sports nutrition supplement. Global events, marathons, gym-goers, and games events have all together thrown sports into the spotlight, and the rising interest in fitness and body image has made brands reposition themselves in providing products for a healthy lifestyle.

Thus, retailers are keeping more shelf space for sports nutrition products. This allows sport supplement manufacturers to market sports nutrition products to a vast and varied consumer base in an oral dosage format – softgel capsules, globally.

High Cost of Vegetarian-based Capsules

Gelatin capsules are cheaper and widely used for encasing herbal supplements, vitamins, or own custom dietary supplement blends. However, gelatin capsules are made from collagen, an animal byproduct obtained from animal organs and connective tissues.

Nutraceutical products have gained popularity in recent years as health-conscious consumers are becoming more conscious of the benefits of natural herbs. The adoption of vegetarian capsules among a growing group of vegetarian supplement consumers is increasing each day. However, the cost of vegetarian capsules is higher than that of gelatin capsules due to the higher production and raw material costs for vegetarian capsules. The increasing demand for inexpensive vegetarian capsules, which are alternatives to gelatin capsules, is expected to hamper the growth of the global softgel capsules market during the forecast period.

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Country-Wise Insights

Which Region accounts the Second-Largest Market Share for Softgel Capsules during the Forecast Period?

North America captures around ~36.8% in the softgel capsules market in 2023. Improved production technology, the presence of significant players in the region, and increasing R&D expenditure to broaden its product portfolio. Furthermore, the presence of health-conscious consumers and the prevalence of pharma leaders in the region are the key determinants responsible for the largest market share.

What is demand outlook for Softgel capsules in China?

China holds the market share of around ~15% in the East Asian market for softgel capsules and is anticipated to grow at high CAGR of ~7.7% during the forecast period. The significant presence of generic medication producers in China, rising demand for fast-improving economic conditions, cost-effective treatments, and an increase in contract manufacturing organizations in the region are all factors contributing to the country's rapid growth.

Category-Wise Insights

Which Type of Softgel capsules is expected to dominate the Market?

Gelatin softgel capsules holds the major share of ~72% in the global market and anticipated to expand at over ~3.8% CAGR, registering significant growth when compared with vegetarian softgel capsules.

Due to the unique properties of bovine and porcine gelatin, manufacturers are producing capsules employing a combination of the two. Bovine gelatin enhances capsule stiffness, whereas porcine gelatin offers the formulation's clarity and plasticity. Moreover, the factors responsible for its widespread market popularity are ease of digestion, superior mechanical resistance and seal quality, tamper-evident capsule production, abundant resource availability, and neutral, and clean-label raw material.

Competitive Dashboard

Some of the key players such as Soft Gel Technologies, Inc., Renown Pharmaceuticals, Aenova Group GmbH, Celix Pharma, and Capsugel ,among others all targeting regional marketplaces by providing regionally dedicated softgel capsules to choose from or collaborating with major suppliers and distributors to enhance market growth.

Multinational players are relatively less concentrated in softgel capsules market as compared to local players and regional players as an approximate share of 15%. Moreover, multinational players are engaging in increasing their global presence by expanding their operations to other regions, launching innovations in softgel capsules and by strengthening their partnerships with end use companies and contract manufacturers.

  • In Jan 2023, Celix Pharma announced the launch of its new softgel capsules in the U.K. The new product Bexarotene 75mg soft-gel capsules is available in child- resistant, and HDPE bottle pack containing 100 capsules.
  • In April 2022, Catalent successfully acquired Vaccine Manufacturing Innovation Centre in Oxfordshire to expand its biologics capabilities in the United Kingdom. and across Europe.
  • In 2020, Roquette launched its new brand for vegan alternative softgel capsule formulation. Lycagel Premix was created using the company's pea starch technology and replicates gelatin capsules across several performance parameters.
  • Capsugel expanded capabilities for clinical trial services and high potency compounds at the Edinburgh facility. It is likely to complement its existing offerings in Europe and the United States.

Softgel Capsules Industry Report Scope



Forecast period

2023 to 2033

Historical data available for

2018 to 2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • South Africa

Key market segments covered

  • Product Type
  • Raw Material
  • End User
  • Application
  • Region

Key companies profiled

  • Aenova Group GmbH
  • Roquette
  • Capsugel
  • uangdong Yichao Biological Co., Ltd.
  • Elnova Pharma
  • Hunan Er-Kang Pharmaceutical Co., Ltd
  • Celix Pharma
  • Catalent, Inc
  • Soft Gel Technologies, Inc
  • Renown Pharmaceuticals
  • HC Clover PS
  • Medi-Caps Group
  • Others ( on Additional Request)

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Softgel Capsules Industry Research by Category

By Product Type:

  • Gelatin Softgel Capsules
  • Vegetarian Softgel Capsules

By Raw Material:

  • Type-A Gelatin (Pork Skin)
  • Type-B Gelatin (Animal Bones & Calf Skin)
  • Fish Bone Gelatin
  • Hydroxy Propyl Methyl Cellulose (HPMC)
  • Starch Material
  • Pullulan

By End User:

  • Pharmaceutical Companies
  • Nutraceutical Companies
  • Cosmecutical Companies
  • Contract Manufacturing Organizations

By Application:

  • Antacid & Antiflatulent Preparations
  • Antianemic Preparations (Hematenic Preparations)
  • Anti-inflammatory Drugs
  • Antibiotic & Antibacterial Drugs
  • Cough & Cold Preparations
  • Cardiovascular Therapy Drugs
  • Health Supplements
  • Vitamin & Dietary Supplements
  • Other Therapeutic Applications

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

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Companies Covered in This Report

  • Aenova Group GmbH
  • Capsugel
  • Guangdong Yichao Biological Co., Ltd.
  • Elnova Pharma
  • Hunan Er-Kang Pharmaceutical Co., Ltd
  • Catalent, Inc
  • Soft Gel Technologies, Inc
  • Renown Pharmaceuticals
  • Celix Pharma
  • Roquette
  • HC Clover PS
  • Medi-Caps Group
  • Others (on additional request)

Frequently Asked Questions

The global market for softgel capsules has a value of US$ 611.8 Mn in 2023.

The global market for softgel capsules has a value CAGR of ~4.0% from 2018-2022.

The global market for softgel capsules has a value of US$ 932.1 Mn in 2033.

The global market for softgel capsules has a value CAGR of ~4.3% from 2023-2033.

The top players in the global softgel capsules market include Soft Gel Technologies, Inc., Renown Pharmaceuticals, Aenova Group GmbH, Celix Pharma, and Capsugel, among others.

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