Enteric Softgel Capsules Market: Health supplements segment dominates the market
Softgel comprises a gelatin-based shell encompassing a semi-solid or liquid medication or concentrate filled inside it. Softgel capsules offer several advantages to customers, for example, easy usability, improved adequacy, and bioavailability. Enteric softgel capsules are bent to showcase critical market development during the forecast period, due to the factors like increasing adoption of enteric softgel capsules, rising demand of omega-3 supplements, development in marketing activities to increase promotion of softgel capsule products and increasing awareness of consumption of preventive medicines. The global enteric softgel capsules market is projected to witness an exceptional growth rate. New clinical trials are conducted toward softgel encapsulation of new as well as existing drugs. Enteric softgel capsules have significant opportunities to capture the market. They can also be encapsulated through automation process and do not require manual load to be re-arranged.
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The global enteric softgel capsules market can be segmented based on application, distribution channel, and region. Based on application, the market can be categorized into pharmaceutical and health supplements. The health supplements segment dominates the market presently and is likely to retain its leading position during the forecast period owing to the factors, such as, increase in adoption of softgel capsules, rise in awareness of nutraceutical supplements, for example, omega-3 and other vitamins, growth in geriatric population, and surge in demand for softgel-based health supplements in developing regions. In terms of distribution channel, the global enteric softgel capsules market can be bifurcated into hospital pharmacies, retail pharmacies, supermarket stores, and online pharmacies. Among these, hospital pharmacies are expected to dominate the global enteric softgel capsules market owing to the increased preference of patients to buy medicines from such pharmacies. The online pharmacy segment is projected to witness rapid growth during the forecast period due to rising awareness of online pharmacies, boosted by increased promotional activities by online service providers and rising competition that leads them to offer medicines at competitive prices to consumers.
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Geographically, the global enteric softgel capsules market can be segmented into North America (the U.S. and Canada), Europe (Germany, France, Spain, Italy, the U.K., etc.), Asia Pacific (Australia, China, Japan, India, etc.), Latin America (Brazil, Mexico, etc.), and Middle East & Africa (GCC Countries, South Africa, etc.). North America is the leading market for enteric softgel capsules, in terms of revenue, followed by Europe. The U.S. holds the largest share of the enteric softgel capsules market in North America owing to high per capita health care expenditure, significant investment in R&D for effective treatment alternatives, and rise in awareness and adoption of health and nutraceutical supplements encapsulated in softgel capsules. Asia Pacific and Latin America are the emerging markets expected to undergo significant growth during the forecast period, which can be attributed to the increasing incidence of nutrition disorders, growing rising health care industry, and surging investments made by the government to develop health care infrastructure and provide health supplements to the poor. The global enteric softgel capsules market in developing countries, such as, China, India, and Brazil is projected to grwo significantly during the forecast period due to increase in awareness among people regarding nutrition disorders and prevention and treatment for such disorders.
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Major players operating in the global enteric softgel capsules market include Aenova Group, BASF SE, Colorcon Inc., ProCaps Laboratories, InovoBiologic Inc., Sirio Pharma Co., Ltd., Super Spectrim, Trigen Laboratories Inc., Lonza Group Ltd., Catalent, Inc., Fuji Capsules Co. Ltd., NOW Foods Inc. and Thermo Fisher Scientific, Inc.
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