The global enteric softgel capsules market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Enteric softgel capsules are extended-release capsules used to stabilize the reaction of acid-sensitive medicine in the human stomach during digestion. These capsules are hermetically sealed and contain liquid or semi-solid medicinal drugs enclosed in gelatin-based shell coating. The coating delays the release, improves tolerance and reduces poor aftertastes of the enclosed product. These capsules protect the active pharmaceutical ingredients (API) and prevent gastric irritation and reflux. They are commonly used in the form of multivitamin supplements to treat or prevent vitamin and nutrient deficiency due to poor diet, illnesses or during pregnancy. In comparison to the traditionally used capsules, enteric softgel variants offer preserved enzyme activity and enhanced bioavailability, absorption and efficacy.
Enteric Softgel Capsules Market Trends: Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, rising health consciousness among the masses and the increasing acceptance of nutritional and dietary supplements are providing a thrust to the growth of the market. Enteric softgel capsules are widely used to enclose Omega-3 oils and other gel-based supplements. Additionally, various product innovations, such as the development of non-gelatin-based enteric softgel capsules, are acting as other growth-inducing factors. Novel variants are being manufactured using starch and other plant-based sources to meet the requirements of consumers with vegan dietary preferences. In line with this, the rising geriatric population, which is more susceptible to chronic medical ailments and the proliferation of online pharmacies through ecommerce retail channels are also contributing to the market growth. Other factors, including rising healthcare expenditures of the consumers, along with extensive research and development (R&D) activities to improve the bioavailability of these capsules, are anticipated to drive the market toward growth.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global enteric softgel capsules market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, application and distribution channel.
Breakup by Type: Gelatin Capsules Non-Gelatin Softgel Capsules
Breakup by Application: Health Supplements Pharmaceuticals
Breakup by Distribution Channel: Supermarkets and Hypermarkets Pharmacy and Drug Stores Online Stores
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being Aenova Group, BASF SE , Catalent Inc, Colorcon Inc., Fuji Capsule Co. Ltd., Lonza Group AG, NOW Foods, ProCaps, Super Spectrim and Thermo Fisher Scientific Inc. Key Questions Answered in This Report:
How has the global enteric softgel capsules market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global enteric softgel capsules market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the application? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global enteric softgel capsules market and who are the key players? What is the degree of competition in the industry?
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