by Preliminary research conducted by Fairfield Market Research indicates a promising outlook for the global softgel capsule market in the coming years. The market has seen steady growth, driven by the functional benefits of softgel capsules such as enhanced absorption, ease of swallowing, improved bioavailability, high atmospheric stability, and effective masking of taste and odors. Advances in production technology and the use of new materials have further propelled the development of softgel capsules, integrating tamperproof features, extending shelf life, and enhancing aesthetics.
Plant-Based Capsules on the Rise
One significant development in the softgel capsule market is the rise of plant-based capsules. These capsules, made from natural sources and devoid of animal derivatives and gluten, cater to individuals who prefer plant-based products. Vegetarian softgel capsules offer high absorption, stability, and bioavailability, dissolving effectively in water at room temperatures. Furthermore, they are associated with minimal to no side effects, even with prolonged use, making them a preferred choice. The increasing adoption of plant-based sources in capsule manufacturing is expected to drive the growth of the softgel capsule market.
Gelatin Capsules Maintain Dominance
Despite the growing demand for non-animal or vegetarian softgel capsules, gelatin-based capsules are expected to continue leading the market. Gelatin capsules have been a widely used excipient for decades, offering advantages such as high tamper resistance, enhanced mechanical strength, superior seal quality, and inert properties. They are also highly compliant with patient needs and aid in easy digestion. Furthermore, the clean label trend has boosted the acceptance of gelatin capsules, further solidifying their position in the softgel capsule market.
North America at the Forefront
North America, particularly developed nations, is expected to exhibit high growth potential in the use of softgel capsules. The region has witnessed significant growth in the softgel capsule market due to the increasing prevalence of cardiovascular diseases, impacting both the millennial and geriatric populations. Major players, substantial investments in research and development, advanced production technologies, and favorable infrastructure contribute to the regions growth in the softgel capsule market.
Collaborations and Acquisitions Fuel Growth
The North American softgel capsule market has also benefited from growing collaborations and alliances. For instance, in 2020, the US FDA approved Strides Pharma Science Limiteds Loratadine softgel capsules for allergy treatment. Similarly, a multiyear agreement was signed in 2021 between Aurinia Pharmaceuticals and Catalent for the distribution of LUPKYNIS softgel capsules in the United States. Acquisitions have also played a vital role, as seen in Tetra Bio-Pharma Inc.s acquisition of Canadian exclusive rights for the Dronabinol softgel capsule in 2020.
Competitive Landscape
The softgel capsule market features heavy investments in collaborations and new product launches by key players. Major players in the global softgel capsule market include Fuji CapsuleCo. Ltd., Soft Gel Technologies Inc., Sirio Pharma, United Laboratories, CAPTEK Softgel International Inc., Capsugel, Catalent Inc., Aenova Holding GmbH, Curtis Health Caps, and Fuji Capsule Co. Ltd.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/softgel-capsule-market
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COMTEX_442430667/2840/2023-10-25T09:54:57
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.