Softgel Capsule Market | Increase in Demand for Supplements to Drive Softgel Capsule Market Forward
Drug delivery is a prominent process in healthcare, especially in the current scenario for a variety of reasons. Some of these reasons are increasing geriatric population and increasing complexity in diseases and their treatment. Additionally, improvement in technology and favorable research and development environment, couple with growing activities in the domain, are leading to massive demand for better systems. This, in turn, is leading to growth in global softgel capsule market.
As per TMRR, from 2019 to 2029, the global softgel capsule market will chart a notable growth trajectory, credit a robust CAGR projected for it, leading to betterment in where the market valuation is pegged as of now. New and interesting opportunities leading to higher profitability will also mark the market landscape over the forecast period. These provide fertile ground for higher revenue for players operating the field.
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The global sports industry is expected to grow steadily over the next few years as more and more people take to physically strenuous outdoor activities. This is anticipated to drive the global softgel market forward over the forecast period.A hindrance to growth in this market could be the requirement for specialized processing machinery, which makes the end-product more expensive compared to conventional drug formulations. Also, the shelf life of these formulations is poorer than conventional drugs, hence can be a deterrent for the softgel capsule market.
It is worth noting here that while in some countries, geriatric population will grow at a rapid pace, in USA and a couple more, the population will almost double over the next few decades, especially in the age bracket of 65 and above. Over the world, one in every six people will fall in here by the year 2050. North America and Europe will see a steep burden fall on them over the interim period with one in every four people falling here. Additionally, it is quite interesting to note here that as demand for vitamins is growing a commendable pace, demand for softgel capsules is growing in tandem, leading the market higher in a major way.
These capsules utilize a gelatin or starch coating around a liquid or semi-solid pharmaceutical preparation, which ensures that the preparation reaches the stomach and enteric system intact, increasing the bioavailability of said preparation. Drugs are often not able to reach good bioavailability in the human body due to their early dissolution in pre-enteric secretions. Softgel capsules circumvent that problem and hence are utilized today for various drug delivery systems. It is pertinent to note here that as increase in demand of nutraceutical products such as vitamins, micronutrients and other supplements grows, owing to rapid ageing of the world population and poor diets, demand for softgel capsule would grow in tandem, states TMRR. It notes that from 2019 to 2029.
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Top player in the global softgel capsule market are Weihai Baihe Biology Technological Co. Ltd., Patheon, Catalent, Inc., Captek softgel International Inc., Capsugel (a part of lonza), Amway, EuroCaps Ltd., Strides Pharma Science Limited, Sirio Pharma Co. Ltd., Soft Gel Technologies, Inc., International Vitamin Corporation, and Aenova Inc., among others.
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