What is the global market size of Softgel Capsule Market?

Global Softgel Capsule Market size was valued at USD 7.62 billion in 2021 and is poised to grow from USD 7.67 billion in 2022 to USD 13.09 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

What is the key driver of Global Softgel Capsule Market?

Growing Number of Clinical Trials Boosting Softgel Capsule Use to Promote Revenue Growth

Softgel Capsule Companies

Softgel Capsule Market Competitive Landscape

Top Players in the Global Softgel Capsule Market

Gelita AG
Darling Ingredients Inc.
PB Leiner (Part of Tessenderlo Group)
Nitta Gelatin, Inc.
Narmada Gelatines Limited
C.J. Gelatine Products Limited
Weishardt
Trobas Gelatine B.V.
Lapi Gelatine S.P.A.
India Gelatine & Chemicals Ltd.
Sterling Gelatin and Croda Colloids
Xiamen Gelken Gelatin Co., Ltd.
Gelco International
Geliko LLC
Kenney & Ross Limited Marine Gelatin
Baotou Dongbao Bio-Tech Co., Ltd.
Jellice Gelatin & Collagen
Athos Collagen Pvt. Ltd.
Kubon Biotechnology Co., Ltd.
American Gelatin
Geltech Co., Ltd.

Softgel Capsule Market

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Global Softgel Capsule Market size was valued at USD 1.0 billion in 2022 and is poised to grow from USD 1.06 billion in 2023 to USD 1.76 billion by 2031, growing at a CAGR of 6.5% during the forecast period (2024-2031).

The global softgel capsule market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions for students. 'Gelita AG', 'Darling Ingredients Inc. ', 'PB Leiner (Part of Tessenderlo Group) ', 'Nitta Gelatin, Inc. ', 'Narmada Gelatines Limited ', 'C.J. Gelatine Products Limited ', 'Weishardt ', 'Trobas Gelatine B.V. ', 'Lapi Gelatine S.P.A. ', 'India Gelatine & Chemicals Ltd. ', 'Sterling Gelatin and Croda Colloids ', 'Xiamen Gelken Gelatin Co., Ltd. ', 'Gelco International ', 'Geliko LLC ', 'Kenney & Ross Limited Marine Gelatin ', 'Baotou Dongbao Bio-Tech Co., Ltd. ', 'Jellice Gelatin & Collagen ', 'Athos Collagen Pvt. Ltd. ', 'Kubon Biotechnology Co., Ltd. ', 'American Gelatin ', 'Geltech Co., Ltd.'

One of the main factors driving the softgel capsule market expansion is the increase in clinical trials testing the efficacy of soft gelatin capsules in the treatment of various illnesses. For example, InnoPharmax Inc. funded a clinical study in August 2018 with the main goal of evaluating the safety and tolerability of D07001 softgel in patients who had completed first-line chemotherapy or combined chemoradiotherapy (CCRT) for unresectable metastatic or locally advanced biliary tract cancer (BTC). Therefore, the market expansion during the forecast period would be substantially supported by such aspects that boost the use of these capsules in various conditions.

A Persistent Trend is the Growing Demand for Plant-Based Capsules: Vegetarian softgel capsules, also known as non-animal softgel capsules, are made from naturally occurring plant materials, are free of GMOs and animal derivatives, and are also free of gluten and artificial sweeteners.

North America held the highest share in the global softgel capsule market. One of the main factors stimulating the expansion of the market in the area is the rising preference of major firms to launch products in developed North American nations. Key players aim for FDA and other regulatory body approvals to expand their client base abroad. The Europe softgel capsule market, on the other hand, generated a sizable amount of market revenue in 2021 owing to to the greater investment in the study and production of soft gelatin capsules across many European nations. During the forecast period, the softgel capsule market in Asia-Pacific is projected to expand at the highest CAGR due to much broader patient pool with a variety of chronic illnesses. Additionally, the regional expansion of key companies in the emerging economies of Asia-Pacific will boost its growth rate during the forecast period.

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Softgel Capsule Market Competitive Landscape

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What is the global market size of Softgel Capsule Market?

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