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Base Year: 2024
Companies covered: 14
Tables & Figures: 230
Countries covered: 19
Pages: 140
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Softgel Capsules Market
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Softgel Capsules Market Size
The global softgel capsules market size was estimated at USD 9.3 billion in 2024. The market is expected to grow from USD 9.8 billion in 2025 to USD 18.4 billion in 2034, at a CAGR of 7.2%. The growing consumption of nutraceuticals such as vitamins, supplements containing omega-3 fatty acids, and herbal medicine due to their convenience in consumption and better absorption than regular medicines contribute to market growth.
For instance, 77% of Americans reported consuming dietary supplements in 2023, with softgel-based supplements seeing the highest growth, according to a report by the Council for Responsible Nutrition. Also, the increasing application of softgel capsules in a variety of therapeutic areas such as oncology, pain management, and dermatology, increases the adoption rate of the softgel capsules-based formulation.
Continuous technological advancements in the softgel capsules manufacturing field are one of the major factors accelerating the softgel capsules market growth. Growing adoption of novel products such as hydroxypropyl methylcellulose (HPMC), potato starch, pullulan, pectin and others in softgel manufacturing will boost the industry growth potential. Also, increased demand for immune system boosters during pandemic has boosted the demand for health & dietary supplements. Therefore, amid the pandemic, high demand for vitamin softgel capsules has strengthened revenue size. Moreover, the growing population trend toward a healthy lifestyle has stimulated demand for diet supplements during the pandemic and helped the industry to grow substantially in past years.
Soft gel, also known as soft gelatin capsules, are solid forms of dosages consisting of one-piece solid capsules in which the outer shell is filled with a wide variety of compounds such as liquid, semi-solid, gel or paste. These capsules have several advantages such as easy to swallow, taste masking, unit dose delivery and are tamper-proof. Moreover, softgel capsules are widely used for drugs with poor biopharmaceutical properties, such as low aqueous solubility, permeability to deliver through oral route of administration.
Softgel Capsules Market Trends
Softgel Capsules Market Analysis
Based on type, the global market is divided into gelatin-based and vegetarian capsules. The gelatin-based segment dominated the market and was valued at USD 8.4 billion in 2024, growing from USD 7.9 billion in 2023 and USD 7.4 billion in 2022.
Based on the application, the global softgel capsules market is categorized into health and dietary supplements, prescription medicine and other applications. The health and dietary supplements is further sub-segmented into vitamins, enzymes, omega, minerals and other health and dietary supplements. The health and dietary supplements segment accounted for the highest market share of 65.4% in 2024 and is anticipated to witness growth at a CAGR of 7.5% during the analysis period.
Based on the indication, the global softgel capsules market is categorized into humans and animals. The humans segment dominated the market with USD 8.4 billion in 2024 and is anticipated to reach USD 16.4 billion by 2034.
Based on the end use, the global softgel capsules market is categorized into pharmaceutical companies, nutraceutical companies, veterinary industry and other end users. The nutraceutical companies segment dominated the market in 2024 and is anticipated to reach USD 8.4 billion by 2034.
In 2024, the U.S. softgel capsule held a significant position in the North America softgel capsules market and was valued at USD 3.6 billion.
Germany shows strong growth potential in the Europe softgel capsules market.
China softgel capsules market shows strong growth potential in Asia Pacific market over the next few years.
Brazil's softgel capsules sector is projected to witness significant growth in the Latin America softgel capsules market.
Softgel Capsules Market Share
The top 5 players such as Delpharm Evreux, Catalent, Capsugel, Patheon and Nutramax Laboratories accounts for between 30% - 40% of the market share. These players adopted various strategies such as acquisition, business expansion, research and development activities and novel product launches to consolidate their market presence. For instance, as per the March 2021 data Delpharm Evreux collaborated with Roquette, a global leader in plant-based ingredients and pharmaceutical excipients, has successfully scaled and qualified a new softgel capsule with a plant-based shell. Key players are engaging in strategic initiatives such as collaboration, product launch, investment, and partnerships to strengthen their product portfolio. The companies are actively adopting multi-pronged approaches to address the rising demand for softgel capsules.
Further, the market is highly fragmented with large number of small players operating in the market. This creates an opportunity for market consolidation. Hence, leading players are constantly adopting key strategies for the growth of the market.
Collaborations with research institutions and significant investments in R&D promote the creation of novel softgel products, addressing unmet consumer needs. Efforts to enhance affordability, accessibility, and sustainability also play a crucial role in capturing market share in underserved regions, enabling companies to strengthen their global presence.
Softgel Capsules Market Companies
These companies are leveraging their robust R&D capabilities to develop innovative formulations, optimize production processes, and improve product accessibility. At the same time, emerging pharmaceutical and biotech firms are introducing novel approaches and targeting new delivery mechanisms, contributing to the market's dynamism and fostering rapid advancements. Prominent players operating in the softgel capsules industry are as mentioned below:
The growth of the market is driven by proactive strategies from leading pharmaceutical companies and biotech firms. Major players, such as Aenova Group and Catalent, are actively focused on meeting consumer demands and overcoming key industry challenges. The key players of the market, such as Procaps Groups, focuses on collaboration, agreement, mergers and acquisitions to gain a competitive edge in the market.
For instance, in December 2023, Procaps Group, an international healthcare and pharmaceutical services company, and Genomma Lab Internacional, a pharmaceutical and personal care company in Latin America, entered into a strategic agreement to develop, manufacture and market five Softgel products within Latin America. Through this partnership, Procaps will manufacture and Genomma will market and distribute the products. Companies are also focusing on the expansion of their existing business by introducing more softgel capsules formulations in the market.
Softgel Capsules Industry News
The softgel capsules market research report includes in-depth coverage of the industry with estimates and forecasts in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Type
Market, By Application
Market, By Indication
Market, By End Use
The above information is provided for the following regions and countries: