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$1.7 billion, laying a solid foundation for substantial expansion over the forecast period.The driving force behind this unprecedented growth is the escalating interest in the oral delivery of medications with low water solubility. The development of Soft Gelatin Capsules (SGCs) delivery systems has gained substantial traction, offering a promising solution to the challenges posed by low-solubility medications in the pharmaceutical pipeline.Soft Gelatin Capsules provide a sophisticated delivery method, encapsulating drugs and facilitating the transport of active constituents to the systemic circulation. This innovative approach addresses formulation constraints, ensuring superior dose accuracy, homogeneity, manufacturing consistency, and product stability.Request a Sample of this Report Now!https://www.futuremarketinsights.com/reports/sample/rep-gb-15724This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.Owed to the aforementioned factors, the Global Softgel Capsules Industry is set to reach an estimated valuation of US$ 3.1 Bn in 2032.Key Takeaways from Global Softgel Capsules Industry Study
“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 CompetitionThe 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.- Pharmaceutical CompaniesNutraceutical CompaniesCosmeceutical Companies