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Global Softgel Capsules Industry Size, Share & Trend - 2032 | FMI
The Global Softgel Capsules Industry is set for a substantial growth trajectory, poised to achieve a remarkable valuation of US$1.9 billion by the year 2032, according to a recent study conducted by Future Market Insights (FMI). The industry, valued at approximately US$1.1 billion by the end of 2022, is expected to experience a significant compound annual growth rate (CAGR) of 6.0%.
In the year 2021, gelatin softgel capsules dominated the market, capturing an impressive market share of approximately 75.4%, as revealed by FMI’s comprehensive analysis. The industry’s valuation in 2021 reached approximately US$1.7 billion, laying a solid foundation for substantial expansion over the forecast period.
The driving force behind this unprecedented growth is the escalating interest in the oral delivery of medications with low water solubility. The development of Soft Gelatin Capsules (SGCs) delivery systems has gained substantial traction, offering a promising solution to the challenges posed by low-solubility medications in the pharmaceutical pipeline.
Soft Gelatin Capsules provide a sophisticated delivery method, encapsulating drugs and facilitating the transport of active constituents to the systemic circulation. This innovative approach addresses formulation constraints, ensuring superior dose accuracy, homogeneity, manufacturing consistency, and product stability.
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This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.
The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.
Owed to the aforementioned factors, the Global Softgel Capsules Industry is set to reach an estimated valuation of US$ 3.1 Bn in 2032.
Key Takeaways from Global Softgel Capsules Industry Study
Gelatin softgel capsules are the leading segment as a product, and hold approximately 3% market share in 2021, owing to their property of increased bioavailability, and greater absorption.
Type-A gelatin (pork skin) segment is set to lead in terms of raw material for softgel capsules with a projected market share of around 5% by 2032, owing to the high availability of porcine sources of raw material globally.
By application, health supplements are leading in the Global Softgel Capsules Industry, and are expected to continue to do so with a projected CAGR of 5% during the forecasted years, as they are easy to swallow and disintegrate quickly.
By end users, CMOs hold a dominant market share of 2% in the global market in 2021, owing to the lowered cost of production, and higher output.
Oral softgels are leading the market as a route of administration, holding a share of around 7% in 2021, owing to higher patient preference.
North America is considered the leading region with a global share of 7% in 2021, owed to a large number of available distributors for softgel capsules in the region.
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“Rising prevalence of chronic diseases is promoting the adoption of softgel capsules with greater bioavailability, enhanced absorption, and a long shelf-life,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Global Softgel Capsules Industry Market Competition
The market for softgel capsules is fragmented, and there exist several contract manufacturing players within the market sphere. Key players promote market expansion through novel product launch activities along with acquisitions and collaborations.
The delayed/enteric release softgel OptiGel® DR by Catalent was introduced in October 2020 for applications in pharmaceutical and nutraceutical applications.
Sirio Pharma Company Limited announced in July 2022 that Sirio will purchase 80% of Best Pharmaceuticals, a contract manufacturer of nutraceuticals and dietary supplements.
Global Softgel Capsules Industry Key Companies Profiled
Aenova Group GmbH
Fuji Capsule Co., Ltd
Sirio Pharma Company Limited
Catalent, Inc
EuroCaps Ltd
Guangdong Yichao Biological Co., Ltd.
Elnova Pharma
Captek Softgel International Inc
Hunan Er-Kang Pharmaceutical Co., Ltd
Soft Gel Technologies Inc.
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Key Market Segments Covered in Softgel Capsules Industry Research
By Product:
Gelatin Softgel Capsules
Vegetarian Softgel Capsules
By Raw Material:
Type-A Gelatin (Pork Skin)
Type-B Gelatin (Animal Bones & Skin)
Fish Bone Gelatin
Cellulose Derivatives
Starch Material
By Application:
Antacid & Antiflatulent Preparations
Antianemic Preparations Hematinic Preparations)
Anti-inflammatory Drugs
Antibiotic & Antibacterial Drugs
Cough & Cold Preparations
Cardiovascular Therapy Drugs
Health Supplements
Vitamin & Dietary Supplements
Other Therapeutic Applications
By End User:
In-house Manufacturing
Pharmaceutical Companies
Nutraceutical Companies
Cosmeceutical Companies
Contract Manufacturing Organizations
By Route of Administration:
Oral Softgels
Suppositories
Pessaries
Twist off Softgels
Others
Cervical Spacer Systems Market Trends & Forecast 2033 | FMI
The Global Cervical Spacer Systems Industry is anticipated to grow from US$ 382.7 million in 2023 to US$ 744.2 million in 2033. Cervical spacer system sales are anticipated to grow at a noteworthy 6.9% CAGR throughout the forecast period.
The increasing prevalence of obesity, joint pain, numbness in the arms and legs, and restricted range of motion are all contributing factors to the market’s expansion.
Researchers at FMI have no left no stone unturned in bestowing readers a comprehensive view of the market, by studying the drivers, trends, challenges, and restraints. Backed by historical data and projected data, the report breaks down the vast study into numerous geographies and end-use segments, among others to condense the research. The report also considers production and consumption analysis, value chain analysis, key findings, important suggestions and recommendations, and other aspects
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Analysts at FMI have employed in-depth analysis to offer a lucid understanding of the market and the factors shaping its growth trajectory. Ranging from macro socio-economic factors to micro geography-specific trends, the research has taken into consideration every facet that is likely to play a vital role in the growth of the market in the years to come. Presenting a plethora of valuable information, the report will serve as an effective tool, guiding the market players in making fruitful decisions in the forthcoming years.
FMI’s report includes a dedicated section expounding on both the short-term and long-term impact of the pandemic on the Global Cervical Spacer Systems Industry. The study is shaped to bolster stakeholders in making the right decisions to mitigate challenges and leverage opportunities through the pandemic.
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Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports
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Global Cervical Spacer Systems Industry: Segmentation
To simplify the gargantuan study, the report is segregated on the basis of different segments.
Based on the size of the spacer
12x12mm
12x14mm
14x16mm
16x18mm
Based on the Material used
PEEK radiolucent polymer
Metal or alloy
The aforementioned segments are studied with respect to each individual region, considering the region-specific trends, drivers and restraints.
Global Cervical Spacer Systems Industry: Competition Analysis
The study bestows valuable insights into the competitive landscape of the Global Cervical Spacer Systems Industry, by studying numerous players, their growth strategies, and key developments. The report dwells deep and studies different facets such as product launches, production methodologies, and steps adopted by players to make processes cost-effective, among others, are expected to influence their individual standpoint. Understanding the prevailing trends and strategies on the supply side empowers players to foster their plan of action accordingly to progress on a remunerative path. Key players covered in the research include
Life Spine Inc
Exactech Inc
Biomet, Inc
Stryker
Zimmer Inc
Paonan Biotech Co Ltd
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Key Questions Answered in FMI’s Global Cervical Spacer Systems Industry Report
Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factor propelling the demand for Breath Samplers during the forecast period?
How current socio-economic trends will impact the Cervical Spacer Systems market?
What are the growth strategies implemented by prominent players in the Global Cervical Spacer Systems Industry to maintain their foothold in the competitive landscape?
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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