Softgel Capsule MarketSize and Trends

Global softgel capsule market size is expected to reach US$ 10,740.6 Mn by 2030, from US$ 6,933.9 Mn in 2023, exhibiting a compound annual growth rate (CAGR) of 6.4% during the forecast period.

Global Softgel Capsule Market- Trends

Increasing demand for softgel capsules with high strength and stability: The trend of increasing demand for softgel capsules with high strength and stability is indeed notable in the global softgel capsule market. Such demand is driven by the needs of both consumers and healthcare providers for more reliable and effective delivery of pharmaceutical and nutraceuticals compounds. The key factors contributing to this trend are outlined below:
- Consumer Preferences: There is a growing consumer preference for softgel capsules that offer convenience in terms of ease of swallowing and dosage accuracy. High strength and stability ensure the integrity of the capsule until ingestion and support the preservation of the encapsulated compound’s efficacy.
- Product Differentiation: Pharmaceutical companies are leveraging high-strength and stable softgel capsules to differentiate their products in a competitive market. Such capsules can enhance the perceived quality and value of the products.
- Technological Advancements: Innovations in encapsulation technologies have led to the development of more robust softgel shells that can resist harsh environmental conditions, such as humidity and temperature fluctuations, thereby improving the stability and shelf life of the products.
Rising uptake of Kosher and Halal certified softgel capsules: Global softgel capsule market is experiencing a rising uptake of Kosher and Halal certified softgel capsules. This trend reflects a growing demand from consumers who adhere to Jewish and Islamic dietary laws, respectively. Here are some insights into how this is influencing the market:
- Consumer Demand: There is a growing global population of consumers who follow Jewish and Islamic dietary rules. These consumers are looking for products that comply with their religious practices, including medicines and supplements.
- Market Expansion: Kosher and Halal certifications allow manufacturers to tap into new market segments and expand their consumer base. It opens doors to markets in the Middle East, parts of Asia, and other regions with large muslim populations, as well as jewish communities globally.
- Trust and Quality Assurance: Kosher and Halal certifications are often associated with quality and rigorous manufacturing standards, making these products appealing even to non-religious consumers who perceive the certification as a mark of high quality.