The global softgel capsules market stood at USD 6.52 billion in 2020. The rising launch of vegan products by numerous renowned companies across the globe is set to affect growth positively. As these are 100% and do not have any potential health risk, their demand is surging rapidly. For instance, in November 2020, Aenova unveiled its latest vegan soft capsules called VegaGels. They conform to the Chinese, E.U., and U.S. regulatory specifications. This information is given by Fortune Business Insights™ in a new study, titled, “Softgel Capsules Market, 2021-2027.” As per the study, the market size is projected to grow from USD 6.94 billion in 2021 to USD 9.59 billion in 2027 at a CAGR of 5.5% in the forecast period.
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A list of prominent softgel capsules manufacturers operating in the global market:
- Capsugel (Lonza) (New Jersey, U.S.)
- Sirio Pharma Co., Ltd. (Guangdong, China)
- Catalent, Inc (New Jersey, U.S.)
- Aenova Holding GmbH (Munich, Germany)
- Fuji Capsule Co., Ltd. (Shizuoka, Japan)
- CAPTEK Softgel International Inc. (California, U.S.)
- Curtis Health Caps (Wielkopolskie, Poland)
- EuroCaps Ltd (South Wales, UK)
- Other prominent players
Drivers & Restraints-
Increasing Prevalence of Cardiovascular Disorders to Augment Growth
The number of clinical trials is rising at a fast pace as more and more companies are coming forward to evaluate the effectiveness of these capsules. Besides, the increasing cases of chronic diseases, such as cardiovascular diseases is another major factor that is set to accelerate the softgel capsules market growth in the upcoming years. As per the Centers for Disease Control and Prevention (CDC), approximately 12.1% of adults in the U.S. were diagnosed with cardiovascular disorders in 2018. However, the need to prevent generic competition and patent expiration is high in the market. It may obstruct growth.
Report Coverage-
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