Global Market Study on Softgel Capsules: Growing Preference Witnessed for Vegetarian Compositions over Gelatin


Softgel Capsules  Market
  • Published On : Aug-2020 |
  • Pages : 300 Pages |
  • Format : Softgel Capsules  Market Softgel Capsules  Market Softgel Capsules  Market Softgel Capsules  Market

Softgel capsules have been derived using gelatin as the major raw material, since years. Investments by manufacturers in research & development activities and advancements in technology have led to the development and usage of other sources for producing softgel capsules that are vegetarian in nature, and also provide seamless manufacturing procedures for softgel capsules. 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 demand for vegetarian softgel capsules (HPMC, starch, and pullulan softgel capsules), thereby expanding the global softgel capsules market size.

Softgel Capsules Market Trends

Growing Demand from Health-conscious Consumers: Sports nutrition is no longer only followed by professional athletes and weightlifters. Global events, marathons, gym-goers, and games have all together thrown sports into the spotlight, and rising interest in fitness and body image has made brands reposition themselves in providing products for a healthy lifestyle. Rising interest among consumers toward health consciousness is likely to outnumber and outweigh professional athletes. Thus, retailers are keeping more shelf space for sports nutrition products. This gives sport supplement manufacturers the opportunity to market sports nutrition products to a vast and varied consumer base in an oral dosage format – softgel capsules, globally.

Adoption of Novel Technologies by Manufacturers to Drive 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 toward 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 capsule products are entering the market with advanced novel capsule features, such as chewcaps, hydrophilic sandwich (HS) capsules, duocaps, etc., which are witnessing significant demand from 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 of the empty softgel capsules market over the forecast period. Companies manufacturing halal softgel capsules are obtaining halal certifications from the Islamic Food and Nutrition Council of America (IFANCA), to capture a share in 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.

Product Line Expansion to Create Lucrative Growth Opportunities for Manufacturers of Softgel Capsules: Manufacturers in the softgel capsules market place are upping their product offerings with a wide range of vegetarian softgel capsules with enhanced properties such as better resistance to gastric acid, faster disintegration, enteric coating, and customized capsules for clinical trials, to augment their market share. For instance, some companies are manufacturing variants of vegetarian softgel capsules such as pullulan capsules, starch capsules, and HPMC capsules. According to PMR, this may lead to increased product customization and further help boost the demand for softgel capsules across the nutraceutical, pharmaceutical, and cosmeceutical sectors. However, a few companies operating in the global softgel capsules market have stuck to their original product portfolio of soft and hard gelatin capsules. PMR recommends that these companies expand their product suites to include softgel capsules, vegan capsules, and plant-based gelatin capsules to benefit from the incremental growth opportunities present in the global softgel capsules market.

Regional Outlook of Softgel Capsules Market

On the basis of region, Europe is anticipated to dominate the global softgel capsules market share in 2020. Europe and North America are expected to gain significant market share in revenue terms in the softgel capsules market over the coming years. Moreover, the softgel capsules market in Asian countries is projected to exhibit lucrative growth opportunities during the forecast period.

COVID-19 Impact on Softgel Capsules Market

The ongoing COVID-19 pandemic has affected most sectors and countries across the world. Cosmeceutical, nutraceutical, and pharmaceutical companies, which are the main end users of softgel capsules, have been affected to by the spread of the virus, due to trade restrictions and lockdowns. Priority, at present, is being given to containing the spread of the virus, which will lead to short-term sluggish growth of the softgel capsules market.

Analysts’ Viewpoint

The global softgel capsules market is projected to expand at a steady CAGR of around 3.5% over the forecast period of 2020 to 2030. Market players can look to Europe, North America, and Asia Pacific for lucrative opportunities, so as to increase their sales and profit margins. Product line expansion could also be a good growth strategy for stakeholders in the global softgel capsules market space.

Softgel Capsules Market: Report Scope

A latest market report by Persistence Market Research on the global softgel capsules market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global softgel capsules market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global softgel capsules market. This market study contains exclusive insights into how the global softgel capsules market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global softgel capsules market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with softgel capsules. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global softgel capsules market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global softgel capsules market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the softgel capsules market. Furthermore, new and emerging players in the global softgel capsules market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global softgel capsules market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global softgel capsules market. All stakeholders in the global softgel capsules market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Softgel Capsules Market

PMR’s report on the global softgel capsules market offers information divided into five segments – product, raw material, end user, application, and region.

Product

Raw Material

End User

Application

Region

  • Gelatin Softgel Capsules
  • Type-A Gelatin (Pork Skin)
  • Pharmaceutical Companies
  • Antacid and Antiflatulent Preparations
  • North America
  • Vegetarian Softgel Capsules
  • Type-B Gelatin
  • Nutraceutical Companies
  • Antianemic Preparations (Hematenic Preparations)
  • Latin America
  • Fish Bone Gelatin
  • Cosmeceutical Companies
  • Anti-inflammatory Drugs
  • Europe
  • Hydroxy Propyl Methyl Cellulose (HPMC)
  • Contract Manufacturing Organizations
  • Antibiotic and Antibacterial Drugs
  • Asia Pacific
  • Starch Material
  • Cough and Cold Preparations
  • Middle East and Africa
  • Pullulan
  • Cardiovascular Therapy Drugs
  • Health Supplements
  • Vitamins and Dietary Supplements
  • Other Therapeutic Applications

Key Questions Answered in PMR’s Global Softgel Capsules Market Report

  • Which region will hold the highest market share in the global softgel capsules market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global softgel capsules market?
  • What are the global trends impacting the softgel capsules market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the softgel capsules market?
  • What is the market structure of the global softgel capsules market?

Global Softgel Capsules Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global softgel capsules market, and reach conclusions about the future growth factors of the softgel capsules market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Softgel Capsules Market Report

  • Aenova Group GmbH
  • Capsugel
  • Fuji Capsule Co., Ltd.
  • Sirio Pharma Company Limited
  • Captek Softgel International Inc
  • Catalent, Inc.
  • EuroCaps Ltd (part of DCC Plc)
  • Guangdong Yichao Biological Co., Ltd
  • Elnova Pharma
  • Hunan Er-Kang Pharmaceutical Co., Ltd
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