SOFTGEL TUMBLE DRYER MARKET ANALYSIS
Global softgel tumble dryer market is estimated to be valued at US$ 128.7 million in 2023, and is expected to exhibit a CAGR of 11.2 % during the forecast period (2023-2030).
Figure 1. Global Softgel Tumble Dryer Market Share (%), By Instrument Type, 2023
Figure 2. Global Softgel Tumble Dryer Market Value (US$ Million), By Region, 2023
Global Softgel Tumble Dryer Market - Regional Analysis
Among region, North America is estimated to hold a dominant position in the global softgel tumble dryer market over the forecast period, owing to increasing launch of products by market players. For instance, on September 23, 2021, Aenova, a contract manufacturer for the pharmaceutical and healthcare industry, announced the launch of the new softgel capsules thatcontain omega-3 DHA fatty acids from microalgae, and are based on the vegan VegaGels. The vegan softgel chewable capsule is easy to consume. The DHA-rich supplement, which comes in a variety of colors and flavors including Tutti-Frutti, Strawberry, and Citrus, is especially suitable for kids. AlaskOmega AG, Algarithm, and Aenova collaborated to create the new pure vegetable omega-3 softgel capsule. The tumble dryers play a major role in producing softgel capsules.
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