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According to our new market research study on “Starch Softgel Capsules Market to 2027 – Global Analysis and Forecast – by Application and Distribution Channel,” the market is expected to reach US$ 548.29 million by 2027 from US$ 382.67 million in 2019. The market is estimated to grow with a CAGR of 4.7% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Factors such as increasing availability of vegetarian softgel capsules and rising preference of pharmaceutical, and nutraceutical companies toward softgel capsules are expected to boost the growth of the global starch softgel capsules market. However, the market is likely to get impacted by the difficulties in optimizing cellulose/starch for API delivery during the forecast period.
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Millennial buyers majorly prefer online purchasing channels for most of the health-associated products, including vitamin supplements that are majorly available in the softgel capsules form. Moreover, customer reviews are trusted as the most viable option by patients purchasing the products. According to a survey conducted by NutraScience, a health food company, ~86% consumers check customer reviews before buying products online. As per the National Health Services, an estimated four of five people in the US check medical products online before consulting a physician and also verify price difference between retail stores and online pharmacies. The NHS also states that similar trends are reflected in the UK. Moreover, due to the increasing shift of buyers toward online purchasing platform, there has been development of various reseller as well as direct manufacturer to consumer websites exclusively offering health supplements. Thus, the increasing shift toward online purchase of health supplements is likely to be prevalent trend in the starch softgel capsules market over the coming years.
Catalent Inc, Robinson Pharma, Inc., Hunan Er-Kang Pharmaceutical Co., Ltd., Procaps, CAPTEK Softgel International Inc., Softcaps, Fuji Capsule Co., Ltd., Aenova Holding GmbH, Sirio Pharma Co., Ltd., and Bahrain Pharma are among the leading companies operating in the starch softgel capsules market.
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The Report Segments Global Starch Softgel Capsules Market as follows:
By Application Health Supplements Pharmaceutical Others
By Distribution Channel Supermarket and Hypermarket Pharmacy and Drugstore Online Provider
North America US Canada Mexico
Europe France Germany UK Spain Italy
Asia Pacific (APAC) China India Japan Australia South Korea
Middle East and Africa (MEA) Saudi Arabia UAE South Africa
South and Central America (SCAM) Brazil Argentina
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