Softgel Capsules Market by Player, Region, Type, Application and Sales Channel 2020-2027

Since years, gelatin has been used as the primary raw material in the production of softgel capsules. Manufacturers' investments in research and development activities, as well as technological improvements, have resulted in the discovery and use of various sources for creating vegetarian softgel capsules, as well as seamless manufacturing techniques for softgel capsules.

The market for health-conscious consumers looking for natural, "green" products is thriving. More than half of consumers are willing to pay a premium for a natural product, and nearly half are willing to pay more for organic products, which will drive demand for vegetarian softgel capsules (HPMC, starch, and pullulan softgel capsules), thereby expanding the global softgel capsules market size.

The global softgel capsule market is estimated to be valued at US$ 5,853.18 Mn in 2020, and is expected to exhibit a CAGR of 5.9% during the forecast period (2020-2027).

Soft gel capsules are used to increase the bioavailability of poorly absorbed nutrients and to improve API stability. Soft gel capsules are available in a variety of configurations, including moulds, volume ranges, and diameter ranges. The availability of customization capabilities for moulds and content as per customer needs is driving the demand for soft gel capsules. Soft gel capsules offer a wide range of applications, with pharmaceutical, cosmetics, and health supplements accounting for the lion's share of the global soft gel capsules market.

Over the forecast period, the worldwide soft gel capsule market is expected to grow at a considerable CAGR. The burgeoning 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 increasing intake of the supplements through capsules, also boost the demand of the soft gel capsules and drives the global soft gel capsules market. The developments in the soft gel capsules in terms of the outer shell and compatibility with the inner ingredients, also propel the use of soft gel capsules by the pharmaceutical industry and become one of the key factors of the global soft gel capsules market.