Softgel capsules Market to Soar in the Near Future Owing to Growing Consumer Adoption

Softgel capsules have been derived using gelatin as the major raw material, since years. Investments by manufacturers in research & development activities and advancements in technology have led to the development and usage of other sources for producing softgel capsules that are vegetarian in nature, and also provide seamless manufacturing procedures for softgel capsules.

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).

The market of health-conscious consumers seeking natural, 'green' products is booming. More than 50 percent of consumers are willing to pay a premium price for a natural product, and nearly half say that they are willing to pay more for organic products, which is expected to drive demand for vegetarian softgel capsules (HPMC, starch, and pullulan softgel capsules), thereby expanding the global softgel capsules market size.

Professional athletes and weightlifters are no longer the only ones who practise sports nutrition. Global events, marathons, gym-goers, and games have all pushed sports into the spotlight, and increased interest in fitness and body image has prompted corporations to reinvent themselves as providers of items for a healthy lifestyle.

Consumer interest in health consciousness is expected to outnumber and overwhelm professional athletes. As a result, merchants are allocating greater shelf space to sports nutrition goods. This allows sport supplement makers to market sports nutrition products in an oral dosage type - softgel capsules – to a large and diverse consumer base throughout the world.

Manufacturers are working hard to develop innovative empty softgel capsules that are more adaptable and convenient for pharmaceutical, nutraceutical, and cosmeceutical uses.

The pharmaceutical and nutraceutical sectors are more likely to favour various empty softgel capsules due to their suitability for various formulations such as liquid and solid dosage forms, as well as their ease-of-use features when administering medications orally or through inhalation routes.