Softgel Capsules Market Overview
The global softgel capsules market size was valued at USD 7.55 billion in 2021 and is projected to reach USD 14.86 billion by 2030.
The global market size for softgel capsules was estimated at USD 1.1 billion in 2023‚ projected to reach USD 1.5 billion by 2028‚ with a CAGR of 6.3% during this period.
Global Market Size and Growth Trends
In 2023‚ the global softgel capsules market was valued at USD 1.1 billion‚ with a projected growth to USD 1.5 billion by 2028.
Impact of COVID-19 on Market Dynamics
The COVID-19 pandemic positively affected the softgel capsules market as the demand for vitamins and dietary supplements surged‚ boosting the consumption of softgel capsules during the outbreak.
Key Players and Industry Analysis
The U.S. softgel capsules market report highlights new product launches‚ regulatory insights‚ industry developments‚ and COVID-19 impacts.
Leading Companies in the Softgel Capsules Market
Key players dominating the softgel capsules market include Capsugel (Lonza)‚ Catalent‚ Amway‚ Aenova‚ Sirio Pharma‚ and Soft Gel Technologies. The global softgel capsules market is projected to register a CAGR of 7.7% during the forecast period‚ with a significant impact from COVID-19 on market dynamics. Vegetarian softgel capsules are gaining popularity in the softgel capsules market due to their plant-based nature‚ advantages‚ and increasing consumer preference for non-animal sources. The global softgel capsules market is expected to reach USD 16.3 billion by 2033‚ exhibiting a CAGR of 7.2% during the forecast period from 2024 to 2033.Market Trends and Forecast
Rise of Plant-Based Capsules in the Market
Clinical Trials and Market Expansion