QYResearch Groups has published a report on the Global Softgel Capsules Market. Report says the Softgel Capsules Market was valued at US $154.2 billion in 2011 at a CAFR of 5.4% from 2011 – 2016. The Softgel Capsules Market is expected to reach US $256 billion by 2021.
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Softgel Capsules are commonly termed as soft gelatin capsules which are one solid form of capsulated, hermetically sealed shell and is filled with an active ingredient in a liquid or semi-solid form. The shell of the softgel capsule is made of a plasticizer, gelatin and water. Apart from these, it also has a few additional ingredients such as coloring and opacifying agents, preservatives, acids and medicaments (for desired effects), flavoring agents and sugars. These softgel capsules were initially made to cloak the bitter taste and smell of the medicinal substance. Specified dosages can be derived such as chewable capsules, cap tabs, extended release, etc., they are also used for ophthalmic ointments (aplicaps), and for rectal and vaginal suppositories. Industries such as pharmaceuticals, cosmetics, neutraceutical, and research labs majorly contribute towards the lucrative growth of the softgel capsules market on a global level.
Since, the mid of 1930s, region-wise The United States has dominated the global softgel capsules market and it garnered more than 38% of the worldwide production. In fact, they were the one to launch the first ever form of Softgel Capsule in the world. Following them is Europe, as it has a long history and steady status in this capsule industry. Europe is responsible for almost 24% of the total production in the world. In Asia pacific region, China is the fastest growing developing region owing to the large number of original equipment manufacturer (OEM) companies. Other than China, India and Australia too is responsible for softgel capsules’ market growth. Regions like Middle East, Africa and South America have relatively small production rate.
Currently, there are more than hundreds of softgel capsule manufacturers in the world and of which the high-end products mainly are manufactured from U.S. and Western Europe. Statistically, right now the United States sweeps 31% of overall the market share, followed by Europe which is 27%. As mentioned earlier, China’s market consumption of softgel capsules has sped up to 17% in 2015. Various elements which are contributing to such high demand are the elaborated choice of formulations making use of hard gelatin capsules combined with flavored drug suspension characteristics, safety and sanitation of the capsules which have the medicinal components in them. The constantly growing demand of the softgel capsules has had a positive impact in the overall empty capsules market in the past decade.
In the forecast period, when the competition escalates, the price gap between different brands of the softgel capsules will start to taper; along with the fluctuation in the gross margin. Other few factors propelling this industry’s market are various company’s mergers and acquisitions as well as cooperation from the inter-companies. Nowadays, company players of this industry prefer investing on the developing regions due to the downstream consumption which usually flows with the developed and fast economic growth areas. More population these days is paying keen attention to the increasing environment standards more in the developing regions which consist of a large number of populations and swift economic growth which eventually will help the softgel capsules market to flourish. In spite of the growing competition because of the recovery trend on a global level, investors have a positive outlook about this segment. This will encourage more players to enter and invest in this field. Even though the sales of softgel capsules have introduced a lot of opportunities, new entrants having ample money to invest are entering the softgel capsule industry without much technical advantage and downstream support.
The key industry players of this market include Catalent, NBTY, IVC, EuroCaps Captek, Strides Arcolab, Capsugel, Soft Gel Technologies, Amway, Sirio Pharma, Baihe Biotech, Ziguang Group, Shineway, Donghai Pharm, By-Health, Yuwang Group, Guangdong Yichao
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QYResearch Groups has segmented the Global Softgel Capsules Market on the basis of Technology, Application, Region and Manufacturers:
- Softgel Capsules Market By Technology
- Gelatin Type
- Non-Animal Type
- Softgel Capsules Market By Application
- Health Supplements
- Softgel Capsules Market By Regional
- United States
- Softgel Capsules Market By Manufacturers
- Strides Arcolab
- Soft Gel Technologies
- Sirio Pharma
- Baihe Biotech
- Ziguang Group
- Donghai Pharm
- Yuwang Group
- Guangdong Yichao
Related Research Reports:
Global Probiotic Capsules Market: http://www.qyresearchgroups.com/report/global-probiotic-capsules-market-research-report-2016
Global and China Softgel Capsules Market: http://www.qyresearchgroups.com/report/global-and-china-softgel-capsules-sales-market-report-2020
Global Empty Capsules Market: http://www.qyresearchgroups.com/report/global-empty-capsules-market-professional-survey-report-2016
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