Soft Gels Market Growth Trends and Forecast Until 2026|Eurocaps Ltd; GuangDong Yichao Biological CO.,LTD.; Elnova Pharma; Captek Softgel International Inc.; Weihai Baihe Biology Technological,Thermo Fisher Scientific,Strides Pharma Science Limited & Others
Global soft gels market is expected to register a substantial CAGR of 5.20% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the overall growth experienced by the pharmaceutical industry, along with increasing areas of application for the product in nutraceutical products.
Few of the major competitors currently working in the global soft gels market are Aenova Group GmbH; Capsugel; Fuji Capsule; Sirio Pharma Co., Ltd.; Catalent, Inc; Eurocaps Ltd; GuangDong Yichao Biological CO.,LTD.; Elnova Pharma; Captek Softgel International Inc.; Weihai Baihe Biology Technological Co., Ltd.; Thermo Fisher Scientific Inc.; Strides Pharma Science Limited; Soft Gel Technologies, Inc.; IVC Industries, Inc; Nature’s Bounty; Yuwang among others.
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Market Definition: Global Soft Gels Market
Softgels is the form of delivering therapeutics; it is produced on the basis of gelatin and is generally available in the shape of capsules. These drug delivery methods are the outer shell of a capsule capable of holding the active-ingredient in the inner mould in the form of liquids or semi-liquid. This method of delivery is highly effective as chances of choking on the drugs is significantly reduced and even the outer shell can be utilized to incorporate the active ingredients while the delayed release of the ingredient can be achieved.
Competitive Analysis:
Global soft gels market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of soft gels market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
Increasing demands for nutritional and health-care supplements globally is expected to propel the growth of the market
Increasing demands for natural, organic products from the population globally acts as a market driver
Growing focus of manufacturers on the development of advanced manufacturing technologies also drives the growth of this market
Growing focus of manufacturers and market players to expand their production capacity and geographical presence can also boost the market growth
Market Restraints:
Vulnerable nature of raw material prices for softgels, along with large financial costs associated with the non-animal based softgels is expected to hinder the growth of the market
Concerns regarding the degrading quality of softgels is expected to restrict the market growth
Increasing demands from the consumers for halal-certified products and medicinal solutions; this is expected to act as a restraint in the growth of this market
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
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Segmentation: Global Soft Gels Market
By Product Type
Gelatin Softgel Capsules
Vegetarian Softgel Capsules
By Raw Material
Type-A Gelatin (Pork Skin)
Type-B Gelatin (Animal Bones & Calf Skin)
Fish Bone Gelatin
Hydroxy Propyl Methyl Cellulose (HPMC)
Starch Material
Pullulan
By End-User
Pharmaceutical Companies
Nutraceutical Companies
Cosmeceutical Companies
Contract Research Organizations (CROs)
By Application
Antacid & Antiflatulent Preparations
Antianemic Preparations (Hematenic Preparations)
Anti-Inflammatory Drugs
Antibiotic & Antibacterial Drugs
Cough & Cold Preparations
Cardiovascular Therapy Drugs
Health Supplements
Vitamin & Dietary Supplements
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Sweden
Poland
Denmark
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
New Zealand
Vietnam
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
Oman
Qatar
Kuwait
South Africa
Rest of Middle East and Africa
Key Developments in the Market:
In April 2019, Catalent, Inc announced that they had invested USD 14 million for the expansion of their facility located in Eberbach, Germany which will help in expansion of their operations for vision inspection system, softgel coating capabilities, additional packaging capacity and printing technology. The expanded site will be completed by 2020 with 10% of current workforce also expected to increase
In September 2017, Aenova Group GmbH announced that they had expanded their production capacity for soft gelatin capsules by approximately investing 14 million euros at their site located in Cornu, Romania. The expansion is expected to be responsible for 100 new employment opportunities while this will also focus on the establishment of leadership of Aenova Group for soft gelatin capsules
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Key Insights in the report:
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
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