Europe Vegetarian Softgel Capsules Market Size, Share & Industry Trends Analysis Report By Material (Starch, Cellulose, and Pullulan), By Application, By Distribution Channel, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Vegetarian Softgel Capsules Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027).
Vegetarian capsules have the advantage of not containing animal byproducts, making them acceptable for people who choose not to consume items derived from animals. Vegetable capsules dissolve faster than other types of capsules on the market, allowing their contents to be digested by the body at a faster rate. Moreover, when stored for longer periods of time, these vegetable capsules are more stable and have a high tolerance for heat and humidity.
Vegetable cellulose, a significant component of plant cell walls and fibers, is used to make the majority of vegetarian softgel capsules. Several other forms of cellulose, such as Hypromellose, can be utilized to manufacture these capsules. The most important thing to know about this chemical is that it comes from softwood trees (think pine and fir) and may act as a strong binding and coating agent, making it a suitable substitute for animal gelatin.
According to a YouGov survey of 2021 in the UK, 8% of respondents stated they eat a plant-based diet, and more than a third want to go vegan. Moreover, according to a larger poll conducted by The Vegan Society, the number of vegans in the UK doubled between 2014 and 2018; in 2018, there were approximately 600,000 vegans in the UK, or 1.16 percent of the total population. In addition, 31% of people are eating less meat for health or ethical reasons, and 19% are consuming fewer dairy products.
Such trends indicate that participation in the vegetarian and vegan diet has increased and will continue to increase in the upcoming years. Moreover, many people are intolerant to gelatin-based products, thereby increasing the demand for softgel capsules in the vegetarian format.
The Germany market dominated the Europe Vegetarian Softgel Capsules Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $48.1 million by 2027. The UK market is anticipated to grow at a CAGR of 3.1% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 4.6% during (2021 - 2027).
Based on Material, the market is segmented into Starch, Cellulose, and Pullulan. Based on Application, the market is segmented into Health Supplements, Pharmaceuticals, and Cosmetics. Based on Distribution Channel, the market is segmented into Retail Stores & Pharmacy, Hospital Pharmacy, and Online Providers. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aenova Group GmbH (BC Partners), Catalent, Inc., Best Formulations, Inc., Lyfe Group (Caps Canada), Robinson Pharma, Inc., Sirio Pharma Co., Ltd., Procaps Group, EuroCaps Ltd., and DuPont de Nemours, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Health Supplements
By Distribution Channel
- Retail Stores & Pharmacy
- Hospital Pharmacy
- Online Providers
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Aenova Group GmbH (BC Partners)
- Catalent, Inc.
- Best Formulations, Inc.
- Captek Softgel International, Inc.
- Lyfe Group (Caps Canada)
- Robinson Pharma, Inc.
- Sirio Pharma Co., Ltd.
- Procaps Group
- EuroCaps Ltd.
- DuPont de Nemours, Inc.
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