The global softgel capsule market has been witnessing sound expansion owing to its functional benefits. Softgel capsules are majorly used in delivering pharmaceutical substances and nutritional supplements such as Omega-3 oils and vitamins. These capsules have numerous advantages including improved absorption, ease of swallowing, enhanced bioavailability, high atmospheric stability, and taste and odor masking. The advancement in production technology coupled with the adoption of new materials has further opened lucrative opportunities in the market. In addition, these capsules are tamper-proof, have an aesthetic appeal and an extended shelf life, which further boosts the consumption of these capsules. Against this backdrop, the softgel capsule market is expected to gain significant prominence over the forecast period.
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Softgel Capsule Market Witnesses Ascending Demand for Plant-based Capsules
Of late, softgel capsules are increasingly being manufactured from natural resources. The vegetarian capsules thus produced are free from any animal derivatives or gluten. As a result of this, these capsules are gaining prominence among individuals who refrain from consuming animal-based products. In addition, its incredible properties such as a high degree of absorption, stability, bioavailability and excellent water solubility at room temperature are further fueling its demand. These capsules also have zero side effects regardless of their consumption for a long period of time. Witnessing this, several vendors are manufacturing plant-based capsules. Such a scenario is poised to unlock new revenue opportunities in the global softgel capsule market in the upcoming years.
Burgeoning Sales of Gelatin Capsules to Augment Growth of Softgel Capsule Market
Despite the momentous rise in the non-animal capsule, their gelatin counterparts are expected to take the lead in terms of sales. The rising investments in research and development activities apropos to these gelatin capsules play a major role in its dominance. Furthermore, they have enhanced mechanical resistance, high seal quality and inertness. They have also proven to be effective in digestion. Apart from that, the clean label trend has also benefited the gelatin space as these capsules come with a clean label. All these factors propel the demand for gelatin capsules, thus facilitating the expansion of the global softgel capsule market.
North America to Forge Ahead as a Key Region Owing to Rise in Incidence of Cardiovascular Diseases
The growing prevalence of cardiovascular diseases among both millennials and the geriatric population is directly coinciding with the growth of the softgel capsule market in North America. Additionally, various macro factors such as the presence of major players, rising expenditure on research and development, availability of advanced production technologies and favourable infrastructure, are also providing impetus to the regional market. Moreover, the region has witnessed rising collaborations and alliances which has led to a potential growth pathway for manufacturers. In the years to follow, these key factors are predicted to unleash favourable business outcomes in the softgel capsule market in North America.
Prominent Market Players
Some of the major players in the global softgel capsule market include Soft Gel Technologies Inc., Fuji CapsuleCo. Ltd., Sirio Pharma, Capsugel, United Laboratories, CAPTEK Softgel International Inc., Catalent Inc., Aenova Holding GmbH, Curtis Health Caps, and Fuji Capsule Co. Ltd.
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