The starch softgel capsules market size in 2021 stood at US$ 414.47 million and is projected to reach US$ 667.29million by 2031 from US$ XX million in 2023. The market is expected to register a CAGR of 5.1% in 2023–2031. Technological innovations in capsule production are likely to remain key starch softgel capsules market trends. Advances in technology are introducing features such as controlled release and tamper-evident properties, making them a flexible choice for pharmaceuticals. In addition, the rise of plant-based capsules is helpful to vegetarians and promotes sustainability.
With increasing consumers adopting plant-based lifestyles and increasing awareness of environmental sustainability, starch softgel capsules present an attractive solution in pharmaceutical and nutraceutical applications. These capsules cater to the demand for plant-derived and eco-friendly healthcare choices. The rapid development of the e-commerce industry and increased government expenditure on healthcare are some factors responsible for the market growth. Growth in the vegan population and high growth potential in emerging markets are anticipated to augment the market's expansion during the forecast period.
The starch soft gel capsules are commonly derived from natural sources and are used as nutritional supplements for patients suffering from numerous medical conditions. Soft gel capsules are generally free of genetic modifications and are manufactured adhering to stringent quality standards. The soft gel capsules are also available in gelatin and non-gelatin compositions for those with vegetarian and non-vegetarian preferences. As a plant-based and vegetarian substitute for traditional gelatin capsules, starch softgel capsules have grown in popularity in the pharmaceutical sector. Pharmaceutical companies and customers recognize the advantages of starch softgel capsules in terms of drug delivery and general health and wellbeing, which is surging the demand for these capsules in the market.
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Starch Softgel Capsules Market: Strategic Insights
The general health industry consumer is commencing toward a clear increase in the demand for natural products and pioneering formulations of dosage. Vegetarian softgels have a considerable benefit, as they do not contain any gelatin material derived from animal waste. Most pharmaceutical companies are procuring vegetarian capsules over animal-derived capsules as they have low moisture content and better stability for hygroscopic compounds. These capsules are a perfect and viable alternative for people willing to consume non-gelatin capsules.
These starch softgels fulfill the demand of vegetarians as the capsules can be consumed without the fear of any animal infection or disease. AGS patients experienced severe allergic reactions after taking medications or supplements that include mammalian-derived ingredients. Such instances have prompted manufacturers to develop animal-free medications and supplements. In addition, vegetarian capsules offer the advantages of gelatin capsules with a few additional benefits. The additional advantages make these capsules superior to their traditional counterparts, thereby driving the growth of the market during the forecast period.
The healthcare industry has been experiencing rapid transformations over the past few years. Countries worldwide have preferred advanced solutions that are simple and effective in the healthcare industry. With a need for better healthcare facilities, technology-enabled care solutions are being preferred in the healthcare systems in emerging economies. Globally, the size of the healthcare sector is US$10 trillion. The increase in aging population, awareness toward health and fitness, incidences of chronic diseases, and patient compliance toward more acceptable drug delivery formulations are likely to offer growth opportunities to the medical and health nutrition sector. Moreover, India's healthcare sector is growing tremendously due to its strengthening coverage and services and increasing expenditure by public and private players. With groundbreaking investments and visionary policies, the country confirms its commitment to ensuring health and wellness for all citizens. As per a panel discussion estimates on ‘Investments, Healthcare Financing & Private Equity Funding that will shape the future of healthcare’ in 2024, the Indian healthcare sector accounts for US$372 billion. Thus, the increasing emphasis on the advancement of healthcare is expected to complement and offer growth opportunities for the starch softgel capsules market during the forecast period.
Key segments that contributed to the derivation of the starch softgel capsules market analysis are application and distribution channel.
The geographic scope of the starch softgel capsules market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the starch softgel capsules market. North America market is expanding due to a number of factors, including the increasing availability of softgel capsules as vegetarian options and rising preference for softgel capsules by pharmaceutical and nutraceutical companies. The market for starch softgel capsules in North America is anticipated to increase significantly because chronic diseases are becoming more common, and the need for health supplements to help manage these conditions is propelling market expansion. The existence of numerous manufacturers producing starch-based softgel capsules is another factor fueling the nation's market growth. For example, Grain Processing Corporation sells modified starches called PURE-COTE, which can be combined with other film-forming polymers to create softgel capsules that don't contain gelatin. Additionally, the market for plant-based products among health-conscious customers is expanding, which is fueling the need for starch softgel capsules in the nutraceutical industry. Asia Pacific is anticipated to grow with the highest CAGR in the coming years. The advantages of softgel capsules, rise in preference for vegetarian capsules in Asian countries, and developing healthcare industry are expected to boost the market growth during the forecast period.
The regional trends and factors influencing the Starch Softgel Capsules Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Starch Softgel Capsules Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 414.47 Million |
| Market Size by 2031 | US$ 667.29 Million |
| Global CAGR (2023 - 2031) | 5.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Starch Softgel Capsules Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Starch Softgel Capsules Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The starch softgel capsules market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for starch softgel capsules and strategies:
The “Starch Softgel Capsules Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: