Global Enteric Softgel Capsules Market-Industry Analysis and Forecast
Global Enteric Softgel Capsules Market was valued US$ 2.93 Bn in 2019 and is expected to reach US$ 2.73 Bn by 2027 at a CAGR of 4.5% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The global enteric softgel capsules market is expected to grow at a significant rate during the forecast period, because of growth in several R&D activities to increase the bioavailability of the drug, surge in demand for softgel health supplements, rise in consumer awareness related to preventative healthcare, and proliferation of distribution channels. Further, improvement in lifestyle pattern, rise in geriatric population, and an increase in the number of self-directed consumers have fuelled the market growth. However, stability concern with some water-soluble compounds and high cost associated with softgel can impede the market growth.
The health supplements segment dominates the market presently and is likely to retain its leading position during the forecast period due to the factors, such as, increase in adoption of softgel capsules, rise in awareness of nutraceutical supplements, for example, omega-3 and other vitamins, growth in geriatric population, and surge in demand for softgel-based health supplements in developing regions. In terms of sales channel, the global enteric softgel capsules market is can be bifurcated segmentd by into hospital pharmacies, retail pharmacies, supermarket stores, and online pharmacies. Among these, hospital pharmacies are expected to dominate the global enteric softgel capsules market because of the increased preference of patients to buy medicines from such pharmacies. The online pharmacy segment is projected to witness rapid growth during the forecast period due to raising awareness of online pharmacies, boosted by increased promotional activities by online service providers and rising competition that leads them to offer medicines at competitive prices to consumers.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The reports also helps in understanding dynamics, structure by analyzing the market segments by type, end use, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the enteric softgel capsules market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Key players operating in Global Enteric Softgel Capsules Market
• BASF SE
• Catalent, Inc.
• Colorcon Inc.
• Fuji Capsules Co., Ltd.
• InovoBiologic Inc.
• NOW Foods Inc.
• Sirio Pharma Co., Ltd.
• Super Spectrim
• Thermo Fisher Scientific, Inc. (Patheon)
• Trigen Laboratories, Inc.
• Aenova Group,
• ProCaps Laboratories,
• InovoBiologic Inc.,
• Lonza Group Ltd
• NOW Foods Inc.
• Kaustubha Herbal&nutri Care
• Vision Body Care Pvt.Ltd.
• B N Herbals
• United Laboratories
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electroni..