The global softgel capsules market size was valued at USD 4.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.0% from 2021 to 2028. Ease of swallowing, odor and taste masking, improved absorption, enhanced bioavailability, high atmospheric stability are some of the advantages of softgel capsules. Advancement in manufacturing technology and introduction of new materials has added more features to the traditional capsules such as controlled drug release, tamper-evident, and formulation choice of potent APIS due to reduced degradation in stomach pH, appealing aesthetics, and longer shelf life.
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After the outbreak of the COVID-19 pandemic, most companies began research to develop oral vaccines. Interestingly, five companies around the world are developing orally administered anti-SAR-CoV 2 vaccines and 2 companies, Immunity Bío and Vaxart have moved to the clinical trial phase. Softgel capsules leader, Catalent, collaborated with a leading clinical-stage immunotherapy company, to fulfill the alarming needs of oral vaccines. Additionally, studies are undertaken to determine whether the administration of vitamin D capsules reduces the severity of mild and severe respiratory discomfort associated with SAR-Cov-2 virus infection. The pandemic differently impacted the nutraceutical industry and the pharmaceutical industry.
Key Player Mentioned:
- Fuji Capsules Co Ltd
- Sirio Pharma
- Captek
- Patheon
- Catalent
- Eurocaps
- Aenova
- Capsugel
- Procaps Laboratories
Product Segment Analysis:
- Gelatin-based/Animal-based
- Non-animal-based
Application Segment Analysis:
- Antacid and anti-flatulent preparations
- Anti-anemic preparations
- Anti-inflammatory drugs
- Antibiotic and antibacterial drugs
- Cough and cold preparations
- Health supplement
- Vitamin and dietary supplement
- Pregnancy
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa
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The nutraceutical industry saw a rise during this period due to improved vitamin, nutrients, and other health supplement consumption. Product launches by growing nutraceutical companies using special capsule designs, and increased adoption of vegan and vegetarian-based capsule options have led to the demand for nutraceuticals. Adoption of a healthier lifestyle surged the vitamin capsules market and demographic shift towards the geriatric population.
However, the pharma industry witnessed a dip in the capsules segment. Reduced demand and supply of capsules, reduction in elective medical procedures and medication needed for the same, and increased demand for selective OTC drugs impacted the pharma capsules market. Despite the slightly negative impact during the pandemic, the market is said to boost in 2022. Rise improved research to develop capsules for potent and critical drug molecules to overcome bioavailability issues, development of capsules for drugs needing multi excipients like oncology medicines, and patient preference towards capsules than other oral dosage forms, are the factors influencing market growth.
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