Softgel Capsule Market Opportunities and Trends
2023-2030
The demand for softgel capsules has been steadily increasing over the past few years due to their numerous functional benefits. These benefits include improved absorption, ease of swallowing, enhanced bioavailability, high atmospheric stability, and effective masking of taste and odor. Advancements in production technology and the use of new materials have led to the development of softgel capsules with tamper-proof features, extended shelf-life, and appealing aesthetics. A notable development in this field is the production of plant-based softgel capsules, derived from natural sources and free from animal derivatives and gluten.
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These vegetarian capsules cater to individuals who prefer plant-based products and offer advantages like high absorption, stability, bioavailability, and water solubility. Additionally, they pose no long-term health risks, further boosting their adoption and contributing to the expansion of the softgel capsule market.
Gelatin Capsules Maintain Revenue Dominance
While the demand for non-animal or vegetarian softgel capsules is growing significantly, gelatin-based capsules are expected to remain a dominant force. Gelatin has been a popular excipient for decades due to its advantages, including high tamper resistance, mechanical strength, seal quality, and inertness. These capsules are also highly patient-compliant and support easy digestion. The clean label trend has further bolstered gelatin capsules' acceptance, driving their sales and maintaining their value share in the softgel capsule market.
North America Leads the Way in the Softgel Capsule Market
Developed nations in North America are poised for high growth potential in the use of softgel capsules. The market has witnessed significant growth in the region over the past few years, a trend expected to continue due to increasing prevalence of cardiovascular diseases affecting both millennials and the elderly population. Notably, cardiovascular disease is a leading cause of mortality in the United States. This has resulted in the increased use of softgel
capsules, creating opportunities for manufacturers. Additionally, the presence of major players, investments in research and development, advanced production technologies, and favorable infrastructure contribute to the region's growth in the softgel capsule market.
Collaborations and Alliances Shape the Market
The North American softgel capsule market is influenced by growing collaborations and alliances. Regulatory approvals and partnerships, such as the FDA's approval of various softgel capsules, have significantly impacted market growth. Acquisitions also play a role; for instance, Tetra Bio-Pharma's acquisition of Dronabinol softgel capsule rights in Canada led to its direct commercial presence in the country. These factors collectively contribute to North America's status as an attractive revenue source for softgel capsule manufacturers.
Competitive Landscape
The softgel capsule market is marked by heavy investments in collaborations and new product launches. Key players in the global market include Fuji CapsuleCo. Ltd., Soft Gel Technologies Inc., Sirio Pharma, United Laboratories, CAPTEK Softgel International Inc., Capsugel, Catalent Inc., Aenova Holding GmbH, Curtis Health Caps, and Fuji Capsule Co. Ltd.
Recent Notable Developments
• In March 2021, a collaboration between Roquette and Delpharm Evreux was signed to develop new plant-based softgel capsules.
• In February 2022, ZYUS Life Sciences launched Zylem 5:5 and Zylem 1:20 softgel capsules in Canada.
• In May 2022, Windzor Pharma Ltd. launched the Rx Vitamin D3-based Solferol softgel capsule in the Irish market, offering an affordable vitamin D3 solution.
To sum up, the softgel capsule market is witnessing growth driven by factors such as plantbased capsules, gelatin capsules' advantages, and the North American market's prevalence of cardiovascular diseases and collaborations. Key players and recent developments continue to shape this dynamic industry.
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