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.
Starch Softgel Capsules Market Analysis
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.
Starch Softgel Capsules Market Overview
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
Market Size Value in US$ 382.67 Million in 2019 Market Size Value by US$ 548.29 Million by 2027 Growth rate CAGR of 4.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Starch Softgel Capsules Market: Strategic Insights
| Market Size Value in | US$ 382.67 Million in 2019 |
| Market Size Value by | US$ 548.29 Million by 2027 |
| Growth rate | CAGR of 4.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Starch Softgel Capsules Market Drivers and Opportunities
Growing Availability of Vegetarian Softgel Capsules Drives the Market Growth
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.
Growing Healthcare Industry Worldwide to Favor Market Growth
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.
Starch Softgel Capsules Market Report Segmentation Analysis
Key segments that contributed to the derivation of the starch softgel capsules market analysis are application and distribution channel.
- By application, the market is segmented into pharmaceutical, health supplements, others. The health supplements segment held the largest share of the market in 2023 and is projected to register the highest CAGR during the forecast period.
- Based on distribution channel, the starch softgel capsules market is divided into supermarket and hypermarket, pharmacy and drugstore, and online provider. The pharmacy and drugstore segment held the largest market share in 2023. In addition, the online provider segment is anticipated to register the highest CAGR during the forecast period.
Starch Softgel Capsules Market Share Analysis by Geography
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.
Starch Softgel Capsules Market Report Scope
Starch Softgel Capsules Market News and Recent Developments
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:
- Roquette, a global leader in plant-based ingredients and a leading provider of nutraceutical and pharmaceutical excipients, showcased a new flexible addition to its LYCAGEL hydroxypropyl pea starch excipient range at Vitafoods Europe 2024, along with a fresh vision for developing vegetarian and vegan dietary supplements in softgels. (Source: Roquette Pharma Solutions, Press Release, 2024)
- ACG, a leading supplier of fully integrated solutions to the global pharmaceutical and nutraceutical industry, introduced its new ACGcaps NTone and ACGcaps TSafe range of capsules for the Nutraceutical market. ACGcaps NTone is a portfolio of naturally colored capsules with no e-number. This new range creates the perfect opportunity for formulating clean-label products. (Source: ACG, Press Release, 2021)
Starch Softgel Capsules Market Report Coverage and Deliverables
The “Starch Softgel Capsules Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application ; Distribution Channel , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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