Softgel Capsule Market Size, Share, Growth Analysis, By Type(Gelatin/ Animal based, non-animal based), By Application(Antacid & anti flatulent preparations, Anti anaemic preparations, Anti inflammatory drugs, Antibiotics & antibacterial drugs), By Manufacturers(Pharmaceutical companies, Nutraceutical companies, Cosmeceutical companies, Contract Manufacturing Organizations), By Region - Industry Forecast 2024-2031

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.

Along with Latin America, the Middle East and Africa have enormous economic potential and are expected to develop. A few of the factors expected to contribute to the rise of market in these regions includes the increasing prevalence of chronic illnesses like CVD and the growing public awareness regarding the consumption of various health and dietary supplements.