22-Oct-2021 | Zion Market Research
As per the findings of Zion Market Research study, Softgel Capsules industry garnered revenue worth US$ 6.75 Billion in 2020 and is slated to earn proceeds of approximately US$ 12.89 Billion by 2028. Moreover, Softgel Capsules market is set to record highest gains of nearly 6.1% in 2021-2028. Additionally, growth of softgel capsules industry over assessment period can be credited to rise in demand for natural organic products by consumers along with escalating demand of vegetarian products in west. Apart from this, thriving nutraceutical industry is predicted to contribute lucratively towards Softgel Capsules market size. Apart from this, many of pharma firms are launching new products and using new techniques for drug production as well as brining innovations in drug coatings. Such initiatives are projected to create a strong customer base for product along with providing a robust platform to softgel capsules business for its sustainable & stable growth.
In addition to this, large-scale investments made by government on research activities pertaining to manufacturing of drugs with supplementary effective therapeutic features will further boost market trends. Moreover, growing customer inclination towards vitamins & mineral supplements to boost their immunity (in face of COVID-19 outbreak) will spur market expansion. Growing health consciousness among end-users and focus of sport supplement manufacturers on producing products in an oral dosage format– softgel capsules form for consumers will prop up softgel capsules industry growth in years ahead.
Health Supplements Segment To Dominate Application Landscape By 2028
Large-scale use of softgel capsules in health supplements owing to its solubility & oral bioavailability features has increased consumption of health supplements in recent years. Furthermore, softgel capsules were produced for preventing unpleasant taste & odor, thereby enhancing its use in health supplements. Moreover, these products can be easily swallowed with water due to its self-lubricating feature along with being available in different shapes, forms, and sizes, thereby contributing sizably towards segmental growth.
Europe To Make Sizable Contributions Towards Softgel Capsules Market By 2028
Growth of regional market over forecast timespan can be credited to large-scale investment made by government in research & development activities for launching products encapsulated with new features. Apparently, thriving pharmaceutical and cosmetic industries in the countries such as Germany, UK, and Russia along with prescription of softgel capsules by physicians as health supplements for persons prone to chronic ailment (to boost their immunity against chronic diseases)will drive regional market trends. Big players of continent are focusing entirely on manufacturing softgel capsules having quick healing characteristics & strong curative power. Such moves are predicted to create (and erect) a strong growth pillar for softgel capsules market in Europe.
A large number of the giant players are contributing substantially towards market proceeds and we have profiled some of them in our market research report. They are Aenova Group GmbH, Ltd., Catalent, Inc., EuroCaps Ltd., Capsugel, Elnova Pharma, Hunan ER-KANG Pharmaceutical Co Ltd., Guangdong Yichao Biological Co., Fuji Capsule Co., Ltd., Sirio Pharma Company Ltd., Captek Softgel International Inc, and KD Pharma Group.
Browse the full “Softgel Capsules Market- By Product (Gelatin Softgel Capsule And Non-Gelatin Softgel Capsule), By End-User (Pharmaceutical Companies And Contract Manufacturing Organizations), By Application (Anti-Inflammatory Drugs, Antibiotic Drugs, Health Supplements, And Cardiovascular Drugs), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/softgel-capsules-market
The global Softgel Capsules Market is segmented as follows:
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