The Asia Pacific Softgel Capsules Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 167.4 million units, showcasing a growth of 7.7% (2019-2022).
In the cosmetic industry, the latest developments in the market are characterized by a heightened focus on clean and natural ingredients. Consumers are increasingly seeking products that are free from harmful chemicals and additives, and softgel capsules serve as an ideal vehicle for delivering natural and organic ingredients. The ease of application and the controlled release of active compounds make softgel capsules an attractive option for formulating clean beauty products that align with the current clean beauty and wellness trends.
The aging population is driving the demand for cosmetics and nutraceuticals. Anti-aging cosmetics and skincare products are sought after by those looking to maintain a youthful appearance. Nutraceuticals that support joint health, bone health, and cognitive function are also in high demand among the elderly. Softgel capsules are a favored dosage form for these products due to their ease of use and the ability to encapsulate various active ingredients.
Nanotechnology in softgel formulations is emerging as an innovative trend. Asian countries like South Korea and Singapore are at the forefront of this development. Nanotechnology allows for the encapsulation of ultra-small particles and compounds, resulting in improved bioavailability and targeted delivery of active ingredients. Softgel capsules leveraging nanotechnology provide enhanced therapeutic effects and are utilized in various healthcare and nutraceutical applications.
In China, the increasing demand for immune support products is prominent across various demographics. The Chinese population, known for its emphasis on traditional medicine and natural remedies, has shown a heightened interest in dietary supplements and vitamins that enhance immunity. Maintaining health and wellness has become a central focus, and consumers are turning to products encapsulated in softgel form, known for their effectiveness in delivering immune-enhancing ingredients. All of these factors will aid in the expansion of the market.
The China market dominated the Asia Pacific Softgel Capsules Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $489 Million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Based on Type, the market is segmented into Gelatin, and Non-gelatin. Based on Application, the market is segmented into Nutraceuticals & Dietary Supplements, Pharmaceuticals, and Cosmetics. Based on Distribution Channel, the market is segmented into Pharmacies & Drug Stores, Supermarkets & Hypermarkets, and Online Providers. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Softgel Capsules Market is Predict to reach USD 6.8 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gelita AG, Darling Ingredients, Inc., Nitta Gelatin, Inc., SAS Gelatines Weishardt, Lapi Gelatine S.p.a (Lapi Group), Captek Softgel International, Inc., Thermo Fisher Scientific, Inc., EuroCaps (DCC Plc), Lonza Group AG (Capsugel), and Procaps Group.
By Type(Volume, Million Units, USD Billion, 2019-2030)
By Application (Volume, Million Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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