Softgel Capsule Market Overview
As per MRFR analysis, the Softgel Capsule Market Size was estimated at 4.37 (USD Billion) in 2023.The Softgel Capsule Market Industry is expected to grow from 4.62(USD Billion) in 2024 to 8.5 (USD Billion) by 2035. The Softgel Capsule Market CAGR (growth rate) is expected to be around 5.7% during the forecast period (2025 - 2035).
Key Softgel Capsule Market Trends Highlighted
A variety of factors in the Global Softgel Capsule Market is driving notable trends. The growing consumer preference for dietary supplements, particularly those that provide convenience and simplicity of ingestion, is a significant market driver. This trend is further supported by the increasing awareness of health and preventive healthcare among populations worldwide, as consumers pursue innovative delivery methods that improve the bioavailability of nutrients.
The demand for vitamin and mineral supplements is also being driven by the aging population in various regions, resulting in an increase in softgel production that is specifically designed to meet the health requirements of these individuals.
Opportunities are abundant in the market, as manufacturers have the opportunity to investigate the development of plant-based softgel capsules to meet the growing demand of vegan and vegetarian consumers. Additionally, development in capsule formulation and production technology is enabling the development of personalized products, which is particularly appealing to niche markets.
The ongoing trend of e-commerce expansion has further opened up new avenues for distribution, enabling consumers to access a diverse selection of softgel products more easily. In recent years, there has been a trend toward clean-label products, as manufacturers have prioritized transparency in the procurement of ingredients and the production process.
This trend is bolstered by regulatory bodies that prioritize product safety and efficacy, thereby motivating companies to innovate responsibly. Additionally, there is a growing emphasis on sustainable practices within the industry, including the utilization of biodegradable materials for capsule production.In general, these factors underscore the dynamic nature of the Global Softgel Capsule Market, which is influenced by technological advancements and consumer demand.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Softgel Capsule Market Drivers
Rising Demand for Dietary Supplements and Nutraceuticals
The Global Softgel Capsule Market Industry is experiencing accelerated growth due to an increasing consumer interest in dietary supplements and nutraceuticals. According to data from the Global Organization for Nutritional Education and Certification, the global market for dietary supplements was valued at approximately 140 billion USD in 2022, with expectations of reaching 245 billion USD by 2024. This translates into a CAGR of about 8%, encouraging manufacturers to innovate in product formulations and delivery systems, particularly in softgel capsules.
Major companies such as Herbalife Ltd. and GNC Holdings have underscored their commitment to expanding their softgel product ranges, a trend noted in their respective press releases highlighting new product launches specifically aimed at the healthcare-conscious consumer.
The global shift towards preventive healthcare fuels this rising demand, driving the necessity for convenient and efficient dietary supplement delivery methods like softgel capsules that enhance bioavailability and offer an easy-to-swallow option. Government health initiatives promoting dietary supplements further bolster this market segment.
Advancements in Softgel Capsule Technology
Technological innovations in the manufacturing processes of softgel capsules are propelling the Global Softgel Capsule Market Industry forward. Recent advancements, particularly in encapsulation technology, have led to improved stability, bioavailability, and the ability to encapsulate a wider array of ingredients.
A report from the International Society for Pharmaceutical Engineering noted that advancements in encapsulation technology have been growing at a rate of 6.5% annually over the last five years, reflecting the industry's shift towards more efficient production methods.
Global companies such as Capsugel, which focuses significantly on Research and Development (R), are pioneering these technological advancements, ultimately enhancing product quality. Furthermore, regulatory bodies like the U.S. Food and Drug Administration (FDA) have been encouraging these technological enhancements through guidelines that promote innovation in drug delivery systems, thereby supporting the growth of the softgel market.
Increasing Aging Population
The demographic shift towards an older population significantly influences the Global Softgel Capsule Market Industry. As reported by the United Nations, the population aged 65 and over is projected to double from 703 million in 2019 to 1.5 billion by 2050. This demographic increase catalyzes higher demands for dietary and pharmaceutical supplements tailored for conditions prevalent among older adults, such as arthritis and osteoporosis.
Established pharmaceutical companies, including Pfizer and Merck, are focusing their product development teams on softgel formulations aimed at this demographic, providing easy-to-swallow options enriched with beneficial ingredients catering to age-related health issues.
Such a market trend is supported by various health organizations recommending nutritional supplements to older adults, further reinforcing the expected growth in the softgel capsule sector.
Growing Consumer Preference for Plant-Based Ingredients
The Global Softgel Capsule Market Industry is witnessing a marked shift towards plant-based ingredients, driven by an increasing consumer preference for natural and organic products. Research conducted by the Plant-Based Foods Association revealed that plant-based food sales have increased by 27% from 2018 to 2020, showing a compelling consumer trend towards health-oriented choices. This shift is also driving manufacturers to explore plant-derived gelatin alternatives to cater to vegetarian and vegan customers.
Companies like Gelita and Xielang have begun offering softgel capsules made from plant-based materials to meet this burgeoning demand, actively promoting their products via trade associations advocating for plant-based alternatives. This growing consumer base prioritizing sustainability and health in product choices is expected to propel further advancement and adoption in the softgel capsule market.
Softgel Capsule Market Segment Insights
Softgel Capsule Market Application Insights
The Application segment of the Global Softgel Capsule Market reveals significant insights into diverse areas, including Nutraceuticals, Pharmaceuticals, Cosmetics, Vitamins, and Dietary Supplements. In 2024, the total valuation for the Global Softgel Capsule Market is set at 4.62 USD Billion, showcasing substantial potential for growth across various applications.
The Nutraceuticals segment is valued at 1.7 USD Billion presently and is projected to grow to 3.2 USD Billion by 2035, demonstrating a major proportion of the overall market and reflecting the rising consumer awareness regarding health and wellness.Similarly, the Pharmaceuticals segment holds a valuation of 1.8 USD Billion in 2024, with an expected rise to 3.5 USD Billion by 2035, indicating its crucial role in drug formulation and delivery, particularly in enhancing bioavailability, which is a critical parameter for effective therapeutic solutions.
The Cosmetics application, though smaller, is valued at 0.3 USD Billion in 2024 and is expected to grow to 0.6 USD Billion. This showcases the formulation advantages of softgel capsules in delivering cosmetic ingredients effectively, appealing to consumers seeking premium skincare solutions.Vitamins, valued at 0.5 USD Billion in 2024, are projected to reach 1.0 USD Billion by 2035, emphasizing the importance of softgel capsules in the nutraceutical segment as they provide an efficient method of delivering essential vitamins, ultimately catering to a growing market focused on preventive healthcare.
Dietary Supplements, valued at 0.32 USD Billion in 2024, are expected to rise to 0.7 USD Billion by 2035, reflecting consumer trends towards self-medication and increasing awareness of dietary health. The Global Softgel Capsule Market statistics demonstrate how Nutraceuticals and Pharmaceuticals dominate the sector, commanding majority holding in terms of market share and revenue, driven by their essential role in health enhancement and recovery.
The continued innovation in softgel technology, including improved formulations and manufacturing techniques, further propels market growth, ensuring diverse application opportunities that cater to evolving consumer needs in health and wellness. Overall, the demand for softgel capsules is influenced by rising health consciousness and preferences for easier consumption formats, highlighting the significance of this market segment and its position within the Global Softgel Capsule Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Softgel Capsule Market Ingredients Insights
In the Global Softgel Capsule Market, the Ingredients segment plays a vital role in driving overall market revenue, which is expected to reach 4.62 billion USD by 2024. This growth is attributed to the increasing adoption of softgel capsules in the pharmaceutical and dietary supplement industries.
Gelatin remains a prominent ingredient, providing essential structural properties, while Fish Gelatin has gained attention due to its seafood sourcing advantages, appealing to health-conscious consumers. Vegetable Gelatin is also significant, catering to the growing demand for vegetarian and vegan options, reflecting broader dietary trends.
Active Ingredients are crucial as they directly influence the therapeutic effectiveness and consumer acceptance of softgels. Additionally, Colorants enhance product appeal, influencing consumer choices and enhancing branding efforts.
The Global Softgel Capsule Market statistics indicate a strong push towards clean-label products, suggesting an opportunity for businesses to innovate within these ingredient choices. Moreover, rising global health concerns and the shift towards preventive healthcare further bolster market growth, offering abundant opportunities despite challenges such as regulatory hurdles and ingredient sourcing complexities.
Softgel Capsule Market Formulation Insights
The Global Softgel Capsule Market is experiencing steady growth within the formulation segment, which plays a crucial role in shaping the industry. By 2024, the overall market is expected to be valued at 4.62 USD Billion, demonstrating the rising demand for softgel capsules across various applications. The formulation segment features different types, including Single Phase, Multi-Phase, Emulsified, Suspended, and Gelled formulations, each serving unique purposes in the pharmaceutical and nutraceutical industries.
Single-phase formulations are known for their simplicity and effectiveness, currently holding a significant market share due to their widespread use in supplements.Multi-phase formulations offer enhanced bioavailability, making them increasingly popular among manufacturers aiming to improve drug delivery systems.
Emulsified formulations are essential for combining oil and water-soluble ingredients, while Suspended formulations aid in stabilizing active ingredients, driving demand for both dietary supplements and prescription medications. Gelled formulations provide a unique texture or viscosity, appealing to consumers seeking innovative options.
The robust Global Softgel Capsule Market revenue growth can be attributed to factors such as rising health consciousness and technological advancements in manufacturing processes, ensuring a wide range of options for consumers and healthcare providers.
Softgel Capsule Market Distribution Channel Insights
The Distribution Channel for the Global Softgel Capsule Market plays a pivotal role in reaching consumers effectively, with the market expected to be valued at 4.62 USD Billion in 2024. As the market evolves, various channels such as Online Retail, Pharmacies, Health Stores, Supermarkets, and Direct Sales are becoming increasingly significant. Online Retail is witnessing substantial growth due to the convenience it offers, alongside the rising trend of e-commerce globally.
Pharmacies continue to dominate the market, providing a reliable and accessible source for consumers.Health Stores and Supermarkets are also crucial, as they offer consumers a diverse selection of health supplements, making them an attractive option for those seeking to purchase softgel capsules in person.
Direct Sales contribute to market accessibility, allowing for personalized interactions that help in catering to specific customer needs. Each of these channels plays a crucial role in the overall market dynamics and consumer preferences, impacting the Global Softgel Capsule Market revenue and shaping its growth trajectory over the coming years
.With a projected industry value of 8.5 USD Billion by 2035, the strategic positioning of these channels will be essential in capturing market share and catering to evolving consumer demands.
Softgel Capsule Market Regional Insights
The Regional segment of the Global Softgel Capsule Market reveals diverse valuations across various areas, showcasing significant growth and dominance in specific regions. In 2024, North America is projected to hold a market value of 1.35 USD Billion, rising to 2.5 USD Billion by 2035, indicating its majority holding in the softgel market.
Europe follows closely with a valuation of 1.1 USD Billion in 2024 and expected growth to 2.0 USD Billion in 2035. The Asia Pacific (APAC) region exhibits strong performance with a market value of 1.5 USD Billion in 2024, anticipated to reach 2.8 USD Billion by 2035, highlighting its expanding pharmaceutical and nutraceutical sectors.
South America, valued at 0.35 USD Billion in 2024 and 0.7 USD Billion in 2035, and the Middle East and Africa (MEA), with 0.32 USD Billion in 2024 and expected to grow to 0.5 USD Billion in 2035, illustrate the emerging opportunities within these regions, albeit on a smaller scale.
The significant growth in North America and Europe can be attributed to advanced healthcare infrastructure and a surge in demand for dietary supplements, while increased manufacturing capabilities and a growing consumer base fuel APAC's market. The Global Softgel Capsule Market statistics reflect varying regional dynamics driven by both consumer preferences and regulatory environments, presenting both challenges and opportunities across the board.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Softgel Capsule Market Key Players and Competitive Insights
The Global Softgel Capsule Market is characterized by a dynamic and evolving competitive landscape driven by increasing consumer demand for dietary supplements, pharmaceuticals, and nutraceuticals. The market has witnessed significant growth due to the advantages offered by softgel capsules, such as improved bioavailability, easier swallowing, and stability of sensitive ingredients.
As a result, companies within this space are engaged in continuous product innovation, strategic partnerships, and extensive marketing efforts to capture a larger market share. The competition is intensifying with the entry of new players and the expansion of established companies into emerging markets, reflecting a global trend towards health and wellness.
The global aspect of this market emphasizes the importance of regulatory compliance and quality assurance, which plays a critical role in maintaining consumer trust and brand loyalty.Procaps Group stands out in the Global Softgel Capsule Market with its strong emphasis on quality and innovation.
The company has established a robust market presence by leveraging advanced manufacturing techniques and a diverse product portfolio that caters to various segments, including health supplements and pharmaceuticals. Procaps Group is recognized for its commitment to sustainability and its capability to produce product lines that meet the evolving demands of regulated markets globally.
Their focus on research and development enables them to introduce innovative formulations that address specific consumer needs, enhancing their competitive edge. Additionally, their operational efficiency and strategic supply chain management contribute to their ability to deliver high-quality softgel products consistently, positioning Procaps Group favorably against its competitors.Nutraceutical Corporation has positioned itself as a significant player in the Global Softgel Capsule Market, showcasing a wide array of nutritional supplements and innovative products.
The company is known for its commitment to high standards of manufacturing, supported by certifications that comply with global health and safety regulations. Nutraceutical Corporation offers key products that include various vitamins, minerals, and herbal extracts in softgel form, appealing to both health-conscious consumers and industry partners. Their extensive market presence is bolstered by strategic mergers and acquisitions, allowing them to expand their product lines and enhance their distribution capabilities globally.
The company follows a customer-centric approach that focuses on developing products based on consumer insights and health trends, enabling them to maintain a strong competitive advantage in the rapidly growing softgel capsule sector.
Key Companies in the Softgel Capsule Market Include
- Procaps Group
- Nutraceutical Corporation
- Ginkgo BioWorks
- Capsugel
- Qualicaps
- Swallow Solutions
- Softgel Technologies
- Alcami
- BASF
- Fagron
- Heathwest
- HPMC Caps
- Amgen
- Meda Pharmaceuticals
Softgel Capsule Market Industry Developments
Recent developments in the Global Softgel Capsule Market indicate a robust growth trajectory, with companies like Procaps Group and Nutraceutical Corporation expanding their product lines to meet rising consumer demand for dietary supplements and pharmaceuticals. In September 2023, Ginkgo BioWorks announced a breakthrough in bioprocessing technologies relevant to softgel manufacturing, potentially enhancing production efficiency for firms like Capsugel and Qualicaps. Additionally, Swallow Solutions and Softgel Technologies recently launched innovative softgel products aimed at targeted drug delivery, further driving market interest.
The past few years have seen significant shifts, including Alcami's investment in advanced softgel manufacturing technologies in June 2022 and BASF’s strategic collaborations to enhance their formulation capabilities, underscoring their commitment to growth. As for mergers and acquisitions, in August 2023, Fagron announced its acquisition of Heathwest, a move intended to enhance its product offerings in softgel formulations. This trend of consolidation reflects the industry's response to heightened competition and the need for innovation. Overall, the market is witnessing increased investments in Research and Development, improving the valuation and competitive positioning of companies within the Global Softgel Capsule Market.
Softgel Capsule Market Segmentation Insights
Softgel Capsule Market Application Outlook
- Nutraceuticals
- Pharmaceuticals
- Cosmetics
- Vitamins
- Dietary Supplements
Softgel Capsule Market Ingredients Outlook
- Gelatin
- Fish Gelatin
- Vegetable Gelatin
- Active Ingredients
- Colorants
Softgel Capsule Market Formulation Outlook
- Single Phase
- Multi-Phase
- Emulsified
- Suspended
- Gelled
Softgel Capsule Market Distribution Channel Outlook
- Online Retail
- Pharmacies
- Health Stores
- Supermarkets
- Direct Sales
Softgel Capsule Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
4.37(USD Billion) |
| MARKET SIZE 2024 |
4.62(USD Billion) |
| MARKET SIZE 2035 |
8.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
5.7% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
Procaps Group, Nutraceutical Corporation, Ginkgo BioWorks, Capsugel, Qualicaps, Swallow Solutions, Softgel Technologies, Alcami, BASF, Fagron, Heathwest, HPMC Caps, Amgen, Meda Pharmaceuticals |
| SEGMENTS COVERED |
Application, Ingredients, Formulation, Distribution Channel, Regional |
| KEY MARKET OPPORTUNITIES |
Rising demand for dietary supplements, Growing geriatric population, Increasing investment in R&D, Expansion in emerging markets, Preference for easy-to-swallow formulations |
| KEY MARKET DYNAMICS |
rising demand for dietary supplements, convenience of softgel dosage, increasing health awareness, advancements in manufacturing technologies, expanding pharmaceutical applications |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Softgel Capsule Market Highlights:
Frequently Asked Questions (FAQ) :
The Global Softgel Capsule Market is expected to be valued at 4.62 USD Billion in 2024.
The market is anticipated to reach a value of 8.5 USD Billion by 2035.
The expected CAGR for the Global Softgel Capsule Market is 5.7% from 2025 to 2035.
North America is projected to have the largest market share with a valuation of 1.35 USD Billion in 2024.
Europe's market for Softgel Capsules is valued at 1.1 USD Billion in 2024.
The Nutraceuticals segment is expected to be valued at 1.7 USD Billion in 2024.
Major players in the market include Procaps Group, Nutraceutical Corporation, and Capsugel, among others.
The Pharmaceuticals application segment is projected to reach a value of 3.5 USD Billion by 2035.
The Dietary Supplements segment is expected to grow to a value of 0.7 USD Billion by 2035.
Challenges such as regulatory issues and market competition may impact the growth of the market.
