The global vegetarian soft gel capsules market size was US$ 552.5 million in 2020. The global vegetarian soft gel capsules market size is forecast to reach US$ 842.7 million by 2030, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
Vegetarian Soft Gel Capsules Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Vegetarian Soft Gel Capsules Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Vegetarian Soft Gel Capsules.
Vegetarian softgel capsules are derived from natural plant sources and are free from animal derivatives and genetically modified organisms. They are also gluten-free and contain no modified sugar. The main ingredients are starch, pullulan, and cellulose (Hydroxypropyl Methylcellulose). In medicine, a softgel capsule is an open-piece capsule that contains a liquid or semisolid substance without air bubbles. Typically, the main components of gelatine films are sorbitol, glycerine, or an identical polyol. Soft gel capsules are generally taken orally, just like case hard capsules. Softgel Capsules come in a variety of shapes, such as the oval, round, oblong, tubs, suppository, and more.
The availability of natural raw materials for the formulation of vegetarian softgel capsules, and the rise in demand for vegetarian softgel capsules owing to their benefits, fuel the growth of the market. As a result of the specialized raw materials and production processes involved in vegetarian softgel capsules, high manufacturing costs may slow down the global market growth during the forecast period. Due to a large pool of health-conscious consumers, the pharmaceutical industry is experiencing a surge in innovations for manufacturing softgel capsules. These factors are forecast to provide profitable opportunities for the market during the forecast period.
Due to the global economic recession led by COVID-19, the market for vegetarian softgel capsules declined in 2020. The COVID-19 outbreak also disrupted the supply chain in various end-user industries, such as food and beverage, healthcare, and industrial. Accordingly, the overall impact of COVID-19 on the vegetarian softgel capsule market was negative because of the low adoption of vegetarian-based capsules due to disruptions in logistical chains and the easy availability of gelatin-based capsules.
Asia-Pacific offers lucrative opportunities for companies operating in the vegetarian softgel capsules market, recording the highest growth rate. The increasing infrastructure of industries, rising disposable incomes, and a well-established presence of domestic companies in the region have all contributed to the region’s development. Additionally, the increase in contract manufacturing within the region provides a great opportunity for new entrants. Further driving the market growth is the rise in personalized medicine expenditures and the adoption of high-tech processing to improve the production of softgel capsules.
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The leading prominent companies profiled in the global vegetarian softgel capsules market are:
DuPont de Nemours, Incorporated DCC Plc. (EuroCaps) Catalent Incorporated Aenova Group Sirio Pharma Co. (Ayanda) Procaps Group Captek Softgel International, Incorporated Lyfe Group (Caps Canada) Best Formulation Incorporated Robinson Pharma Incorporated Other Prominent Players Scope of the Report
The global vegetarian softgel capsules market segmentation focuses on Material, Application, Distribution Channel, and Region.
Starch Cellulose Pullulan Segmentation based on Application
Pharmaceuticals Health Supplements Cosmetics Segmentation based on Distribution Channel
Hospital Pharmacy Retail Stores & Pharmacy Online Providers Segmentation based on Region
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North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America
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Key Questions Answered in the Market Report
• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? • What is the outlook for the impact market during the forecast period 2021-2030? • What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? • What is the end user perception toward? • How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? • What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? • What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? • What are the key strategies adopted by companies in the impact market? • What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? • What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? • Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? • Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? • Which are the key players in the impact market?
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