According to a new report, published by KBV research, The Global Softgel Capsules Market size is expected to reach $6.8 billion by 2030, rising at a market growth of 5.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 651.1 million units, experiencing a growth of 7.0% (2019-2022).
The Non-gelatin segment is showcasing a CAGR of 7.1% during (2023 - 2030). Some of the alternative materials for softgel capsules include vegetarian-based capsules, carrageenan capsules, modified starch capsules, pectin capsules, gellan gum capsules, tapioca starch capsules, cellulose capsules, and pullulan capsules. These alternative materials provide options for manufacturers to cater to specific dietary preferences and restrictions. Consumers who avoid animal-derived products or follow vegetarian or vegan diets can choose products encapsulated in these alternative softgel materials while still enjoying the benefits of this dosage form.
The Nutraceuticals & Dietary Supplements segment is leading the Global Softgel Capsules Market by Application in 2022 thereby achieving a market value of $3 billion by 2030. The enhanced bioavailability of softgel capsules is advantageous for nutraceuticals, as it can lead to better absorption of vitamins, minerals, and other dietary supplements. Nutraceutical and dietary supplement products often contain strong or unpleasant flavors. Softgel capsules ensure precise and consistent dosage delivery, essential for dietary supplements, as consumers rely on accurate daily intakes of vitamins and minerals to meet their nutritional needs.
The Supermarkets & Hypermarkets segment would display a CAGR of 6.3% during (2023 - 2030). These stores often offer competitive pricing on a wide range of products, including softgels. Shoppers can take advantage of special offers, discounts, and bulk purchase options, making it cost-effective to buy supplements. Supermarkets often have regular sales and promotions, including "buy one, get one free" offers or discounts for loyalty cardholders. This can lead to significant savings on softgel purchases. Many supermarkets and hypermarkets have extended operating hours, including evenings and weekends, providing flexibility for shoppers to buy softgels at their convenience.
The North America region dominated the Global Softgel Capsules Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.6 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 5.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 6.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/softgel-capsules-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Gelita AG, Darling Ingredients, Inc., Nitta Gelatin, Inc., SAS Gelatines Weishardt, Lapi Gelatine S.p.a (Lapi Group), Captek Softgel International, Inc., Thermo Fisher Scientific, Inc., EuroCaps (DCC Plc), Lonza Group AG (Capsugel), and Procaps Group.
By Type(Volume, Million Units, USD Billion, 2019-2030)
By Application (Volume, Million Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Geography (Volume, Million Units, USD Billion, 2019-2030)
Companies Profiled
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