According to a new report, published by KBV research, The Global Vegetarian Softgel Capsules Market size is expected to reach $689.1 million by 2027, rising at a market growth of 4.2% CAGR during the forecast period.
The Cellulose market is showcasing a CAGR of 4.4% during (2021-2027). Hydroxypropylmethylcellulose (HPMC) is regarded as safe to be consumed by human beings and is generally utilized as an alternative of gelatin due to its vegetarian source. In addition, HPMC is utilized for pharmaceutical products as well as dietary supplements to bear temperature excursions and fulfill dietary needs.
The Health Supplements segment is generating high revenue in the Global Vegetarian Softgel Capsules Market by Application 2020, thereby, achieving a market value of $319.3 million by 2027. This is due to an increase in the use of vegetarian softgel capsules as health supplements, such as vitamins, minerals, fiber, fatty acids, and amino acids, to enhance immune systems, reduce anxiety, and improve their general health. Moreover, many people inclined towards the adoption of healthy lifestyles to combat the pandemic. Softgel capsule sales increased as a result of widespread acceptance of pre-and post-natal capsules, as well as a preference for tasteless medication.
The Retail Stores & Pharmacy segment has acquired maximum revenue share in the Global Vegetarian Softgel Capsules Market by Distribution Channel 2020, thereby, achieving a market value of $308.2 million by 2027. This is due to an increase in the use of vegetarian softgel capsules as health supplements, such as vitamins, minerals, fiber, fatty acids, and amino acids, to enhance immune systems, reduce anxiety, and improve their general health. Moreover, many people inclined towards the adoption of healthy lifestyles to combat the pandemic. Softgel capsule sales increased as a result of widespread acceptance of pre-and post-natal capsules, as well as a preference for tasteless medication.
The North America is the fastest growing region in the Global Vegetarian Softgel Capsules Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $267.6 million by 2027. The Europe market is estimated to grow at a CAGR of 3.8% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 4.3% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/vegetarian-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 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.
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By Geography
Companies Profiled
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