Registering a CAGR of 7.2% over the forecast period of 2022-2027, the global Vegetarian Softgel/Gelatin Capsules market is anticipated to reach the market value of US$ 748.5 million in the year 2027 from US$ 460.6 million in the year 2021.
Vegetarian Softgel/Gelatin Capsules Market Overview
Vegetarian Softgel/Gelatin Capsules are a kind of Softgels that has a solid outer shell and inner shell of a liquid or semi-solid active ingredient which can be merged with the outer shell or the inner fill or both.
Vegetarian Softgel/Gelatin Capsules are GMO-free, all-natural, free from animal derivatives, modified sugars, and gluten. Vegetarian Softgel/Gelatin Capsules can be divided into numerous types like starches, plant polysaccharides, and Hydroxyl Propyl Methyl Celluloses. These capsules possess several benefits like easy to swallow, tamper-evident, non-carcinogenic, ideal for enhancing the bioavailability of oil-soluble ingredients, no taste or odor, and more.
It has several applications like health supplements, pharma, and more in which the health supplements sector occupied around 80% market share in the year 2019.
Vegetarian Softgel/Gelatin Capsules have a wide range of applications, such as health supplements, pharmaceuticals, etc. And health supplements sector was the most widely used area which took up about 78.53% of the global total in 2019, the application in pharmaceuticals is focused on OTC products.
Catalent, Procaps Laboratorios, Aenova, Bahrain Pharma, Robinson Pharma, etc. are the key suppliers in the global Vegetarian Softgel/Gelatin Capsules market. Top 5 took up more than 78% of the global market in 2019. Catalent, Procaps Laboratorios, Aenova, etc. which have leading technology and market position, are well-known suppliers around the world.
Key players in the market are Bahrain pharma, Robinson Pharma, Procaps Laboratories, Catalent, and Aenova who combined possessed a market share of 78% in the year 2019.
Who are the Major Players in Vegetarian Softgel/Gelatin Capsules Market?
Top Key Players in the Vegetarian Softgel/Gelatin Capsules Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Vegetarian Softgel/Gelatin Capsules Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Catalent, Procaps Laboratorios, EuroCaps, Best Formulations, Aenova, Captek, SIRIO, Bahrain Pharma, Robinson Pharma, and others.
Vegetarian Softgel/Gelatin Capsules Industry Recent Developments
Roquette, a French plant-based ingredients company and pharmaceutical excipients provider, announced the launch of its pea starch technology, Lycagel, for vegetarian softgel capsule formulations- The global plant-based ingredients producer says the new system delivers excellent capsule performance that meets EU pharmacopeia standards, making it suitable for both nutraceutical and pharmaceutical applications
What are the major Applications, Types, and Regions for the Vegetarian Softgel/Gelatin Capsules Market?
Vegetarian Softgel/Gelatin Capsules Market is segmented based on the type, applications, companies and regions.
By Type, the Vegetarian Softgel/Gelatin Capsules Market has been segmented into
By Application, the Vegetarian Softgel/Gelatin Capsules Market has been segmented into
- Pharmaceutical
- Health Supplements
- Others
Regional Analysis:
Americas is the largest region of Vegetarian Softgel/Gelatin Capsules in the world in the past few years and it will keep increasing in the next few years. Americas market took up about 48.5% of the global revenue market in 2019, while Europe and APAC were about 25.3%, 14.9%.
USA, EU, etc. are now the key developers of Vegetarian Softgel/Gelatin Capsules. There are a few vendors developing Vegetarian Softgel/Gelatin Capsules in China, such as Sirio Pharma.
The report offers an in-depth assessment of the growth and other aspects of the Vegetarian Softgel/Gelatin Capsules Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
What is our Vegetarian Softgel/Gelatin Capsules Market report scope?
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2022-2027. The report presents the analysis of the Vegetarian Softgel/Gelatin Capsules Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during the COVID19 Pandemic. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
Report Attributes
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Report Details
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Report Title
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Vegetarian Softgel/Gelatin Capsules Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Catalent, Procaps Laboratorios, EuroCaps, Best Formulations
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.2% over the forecast period (2022-2027)
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By Type
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By Application
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- Pharmaceutical
- Health Supplements
- Others
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By Companies
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Catalent, Procaps Laboratorios, EuroCaps, Best Formulations, Aenova, Captek, SIRIO, Bahrain Pharma, Robinson Pharma
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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97
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Vegetarian Softgel/Gelatin Capsules Report
- Evaluate Vegetarian Softgel/Gelatin Capsules market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
- Get a quick outlook on the Vegetarian Softgel/Gelatin Capsules market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Vegetarian Softgel/Gelatin Capsules Market is studied from 2017 - 2027.
What is the growth rate of the Vegetarian Softgel/Gelatin Capsules Market?
The Vegetarian Softgel/Gelatin Capsules Market is growing at a CAGR of 7.2% over the next 5 years.
Who are the key players in Vegetarian Softgel/Gelatin Capsules Market?
Catalent, Procaps Laboratorios, EuroCaps, Best Formulations, Aenova, Captek, SIRIO, Bahrain Pharma, Robinson Pharma
What regions does this Vegetarian Softgel/Gelatin Capsules Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Vegetarian Softgel/Gelatin Capsules Market?
Starch, Pullulan, Others
What are the major end-use applications of Vegetarian Softgel/Gelatin Capsules Market?
Pharmaceutical, Health Supplements, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
