(MENAFN- GlobeNewsWire - Nasdaq) Technological innovations, rising chronic disease prevalence, and increased consumer demand for natural supplements are driving the softgel capsule market's growthPune, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Softgel Capsule market Size & Growth Analysis:
According to SNS Insider, The Softgel Capsule Market size was valued at USD 1.21 billion in 2023 and is expected to reach USD 2.07 billion by 2032, growing at a CAGR of 6.17% over the forecast period of 2024-2032.
Increasing demand for health supplements, dietary products, and vegan alternatives is significantly contributing to market growth.
The increasing demand for softgel capsules, particularly for health supplements, vitamins, and dietary products, is driving market expansion. The softgel capsules offer enhanced bioavailability and are preferred for their ease of consumption, especially for fat-soluble ingredients like Omega-3 fatty acids, Vitamin D, and other nutrients. This has contributed to the rising consumer shift toward preventive healthcare and wellness. Additionally, the increasing consumer inclination towards plant-based products and vegan lifestyles has led to the rapid growth of non-animal-based softgel capsules. Rising health awareness, evolving dietary preferences, and the growing geriatric population are fueling the demand for nutraceutical products in soft gel form.
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Market Overview:
The global softgel capsule market has witnessed substantial growth due to the increasing consumer preference for dietary supplements in easy-to-consume formats. The capsules provide improved absorption and offer a convenient alternative to traditional tablet or powder forms. The demand for softgel capsules is also driven by advancements in pharmaceutical formulations and the increased use of softgel capsules for drug delivery systems. Over the past few years, the market has witnessed strong demand in the vitamins and dietary supplements segment, with increasing consumer awareness of preventive health and immunity support. The growing trend of plant-based and vegan formulations has also given rise to innovations in non-animal-based softgel capsules, further expanding the product range in the market. As the demand for health supplements continues to rise, the softgel capsule market is expected to witness robust growth.
Major Players Analysis Listed in this Report are:
Fuji Capsule Sirio Pharma Co. Ltd. CAPTEK Softgel International Inc. Thermo Fisher Scientific Inc. EyePoint Pharmaceuticals Inc. Catalent Inc. EuroCaps Aenova Group Lonza Capsules & Health Ingredients ProCaps Laboratories LLC Soft Gel Technologies Inc. Gelita AG PB Leiner (part of Tessenderlo Group) Nitta Gelatin Inc. Sterling Gelatin and Croda Colloids Narmada Gelatines Limited Italgel S.r.l. Darling Ingredients Inc. Lapi Gelatine S.p.a. Trobas Gelatine B.V. Weishardt India Gelatine & Chemicals Ltd. Xiamen Gelken Gelatin Co. Ltd. Gelco International Boom Gelatin Geliko LLC Kenney & Ross Limited Marine Gelatin Baotou Dongbao Bio-Tech Co. Ltd. Jellice Gelatin & Collagen Athos Collagen Pvt. Ltd. Kubon Biotechnology Co. Ltd. C.J. Gelatine Products Limited American Gelatin Geltech
Softgel Capsule Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.21 billion |
| Market Size by 2032 | US$ 2.07 billion |
| CAGR | CAGR of 6.17% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | Technological advancements, rising health awareness, and aging populations, softgel capsules are gaining popularity in pharmaceutical and nutraceutical sectors. |
Segment Analysis
By Type:
In 2023, gelatin-based (animal-based) softgel capsules continued to dominate the market, accounting for over 60% of the total share. The high dominance of this segment can be attributed to gelatin's established manufacturing processes, cost-effectiveness, and stability, which ensures easily digestible capsules. Gelatin softgel capsules are widely used across the pharmaceutical, nutraceutical, and dietary supplement industries for encapsulating both liquid and solid formulations. Despite concerns regarding the use of animal-based ingredients, gelatin remains a preferred choice for its reliability and performance.
By Application
In 2023, the Vitamins and Dietary Supplements segment led the market, holding 32.3% of the market share. The demand for fat-soluble vitamins like Vitamin D and Omega-3 fatty acids has contributed significantly to the dominance of this segment. Softgel capsules are preferred for this application because of their superior bioavailability, which enhances the absorption of these nutrients, making them a popular choice among consumers seeking effective supplementation. With the growing awareness of health and wellness, especially in the context of preventive healthcare, the vitamin and dietary supplements market continues to expand.
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Softgel Capsule Market Segmentation:
By Type
Gelatin/ Animal-Based Non-animal Based
By Application
Antacid & Anti-flatulent Preparations Vitamin & Dietary Supplement Antibiotic & Antibacterial Drugs Cough & Cold Preparations Anti-anemic Preparations Health Supplement Anti-inflammatory Drugs Pregnancy
By Manufacturers
Pharmaceutical Companies Contract Manufacturing Organizations Nutraceutical Companies Cosmeceutical Companies
Recent Developments in the Softgel Capsule Market:
In May 2024, Caplin Point Laboratories received INVIMA approval for its“Unit-1” after a successful site inspection on May 3, confirming compliance with INVIMA's GMP and GLP standards. The unit, which serves emerging markets in Latin America and Africa, produces a range of dosage forms, including softgel capsules, tablets, injectables, and more.
In March 2024, Lee Health developed a range of natural capsules for effective heart care, meeting significant demand both domestically and internationally. Its product lineup includes Smoothwalk, Spinocort, Immunolact, D-Macula, Free Menocycle, Active-Plus, Actokin, Steam Mantra, and Vasa Tulsi Plus, alongside skin, hair, and nail care products under the Lee Natural Care brand.
Regional Insights
In 2023, the North American region held the largest share of the softgel capsule market, driven by the growing demand for dietary supplements, vitamins, and nutraceutical products. The presence of major pharmaceutical and nutraceutical companies in the region has fueled the demand for softgel capsules. The United States, in particular, is one of the largest markets for health supplements, contributing significantly to the growth of the softgel capsule market.
The Asia Pacific region is expected to witness the highest growth rate over the forecast period, with countries like China and India experiencing increasing demand for health supplements, vitamins, and wellness products. The growing middle-class population and rising health awareness in these countries are expected to drive market growth.
Statistical Insights
In 2023, approximately 10% of the global population was aged 65 or older, with over 60% of this demographic utilizing softgel capsules for health supplements and chronic disease management. Vegan and plant-based softgel capsule consumption grew by 12% year-over-year in 2023, with Europe and North America accounting for 55% of the demand due to shifting dietary preferences. Softgel capsules constituted 25% of oral drug delivery systems in 2023, driven by their enhanced bioavailability and patient compliance, particularly in the nutraceutical and prescription drug segments.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence of Health Conditions Such as Digestive Disorders, Vitamin Deficiencies, and Chronic Diseases (2023)
5.2 Prescription Trends (2023), by Region
5.3 Production and Consumption Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region (2023)
6. Competitive Landscape
7. Softgel Capsule Market by Type
8. Softgel Capsule Market by Application
9. Softgel Capsule Market by Manufacturers
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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