Global Soft Gels Market, By Product Type (Gelatine Soft gel Capsules and Vegetarian Soft gel Capsules), Raw Material (Type-A Gelatine, Type-B Gelatine, Fish Bone Gelatine, HPMC, Starch Material and Pullulan), End User (Pharmaceutical Companies, Nutraceutical Companies, Cosmeceutical Companies and Contract Research Organizations (CROs)), Application (Antacid and Anti-flatulent Preparations, Anti-anaemic Preparations, Anti-Inflammatory Drugs, Antibiotic and Antibacterial Drugs, Cough and Cold Preparations, Cardiovascular Therapy Drugs, Health Supplements, Vitamin and Dietary Supplements and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the global soft gels market will project a CAGR of 5.45% for the forecast period of 2021-2028. Growth and expansion of the pharmaceuticals industry, growth in the demand and application of soft gels products in nutraceutical products, rising consumer consciousness towards consumption of healthy products or health care supplements and growing personal disposable income by the major companies are the major factors attributable to the growth of soft gels market.
Soft gels are produced on the basis of gelatine and are generally available in the shape of capsules. Soft gel capsules are the capsules surrounding a semi-solid or liquid centre. Soft gel capsules provide a wide range of advantages such as easy usability, improved adequacy, and bioavailability.
Rising personal disposable income and growing awareness about maintaining a healthy lifestyle are the major factors fostering the growth of the market. Changing lifestyle, rising demand for natural and organic foods and ever-rising global population are other important factors acting as market growth determinants. Improving distribution channel, growing focus of the manufacturers on the development of advanced manufacturing technologies and surge in the demand for products with high nutritional content will further induce growth in the market value. Also, growth and expansion of various end user verticals will further carve the way for the growth of the market.
However, concerns regarding the degrading quality of soft gels will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials will further restrict the scope of growth for the market. Also, large financial costs associated with the non-animal based soft gels will also derail the market growth rate.
This soft gels market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soft gels market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Soft Gels Market Scope and Market Size
The soft gels market is segmented on the basis of product type, raw material, end user and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global soft gels market is segmented into gelatine soft gel capsules and vegetarian soft gel capsules.
- On the basis of raw material, the soft gels market is segmented into type-A gelatine, type-B gelatine, fish bone gelatine, HPMC, starch material and pullulan.
- On the basis of end user, the global soft gels market is segmented into pharmaceutical companies, nutraceutical companies, cosmeceutical companies and contract research organizations (CROs).
- On the basis of application, the soft gels market is segmented into antacid and anti-flatulent preparations, anti-anaemic preparations, anti-inflammatory drugs, antibiotic and antibacterial drugs, cough and cold preparations, cardiovascular therapy drugs, health supplements, vitamin and dietary supplements and others.
Soft Gels Market Country Level Analysis
The soft gels market is analyses and market size, volume information is provided by country, product type, raw material, end user and application as referenced above.
The countries covered in the soft gels market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the soft gels market and will continue to excel its dominance during the forecast period owing to the rising regulatory approvals by FDA and other regulatory bodies. Asia-Pacific will however, register the highest CAGR for the forecast period owing to increasing patient pool, rising prevalence of chronic diseases, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the soft gels market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soft Gels Market Share Analysis
The soft gels market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to soft gels market.
The major players covered in the soft gels market report are Thermo Fisher Scientific Inc., Aenova Holding GmbH, Nature’s Bounty., Lonza., Fuji Capsule, Sirio Pharma Co., Ltd., Catalent, Inc, EuroCaps Ltd, GuangDong Yichao Biological CO.,LTD., Elnova Pharma, Softgel International Inc., Weihai Baihe Biology Technological Co., Ltd., Strides Pharma Science Limited, CAPTEK Softgel International Inc., INTERNATIONAL VITAMIN CORPORATION, Yuwang Group, Amway, ACG., QUALICAPS and SUHEUNG among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.