The Latin America, Middle East and Africa Vegetarian Softgel Capsules Market would witness market growth of 7.0% CAGR during the forecast period (2021-2027).
Softgel capsules provide several advantages, including ease of ingesting, increased bioavailability, odor & taste masking, enhanced absorption, and good atmospheric stability. Moreover, advances in manufacturing technology and the emergence of new materials have brought more characteristics to classic capsules, such as controlled drug release, tamper-evident, and formulation choice of potent API owing to reduced deterioration in stomach pH, appealing aesthetics, and longer shelf life.
As customers grow more conscious of the ethical and environmental implications of the components in their food, health, and personal care products, demand for such capsules is increasing. Vegetarian, eco-friendly, and more natural alternatives to gelatin are expected to appeal to a rising number of customers.
Some of the key trends of the regional market are the increased prevalence of chronic diseases such as CVD and expanding public knowledge about the use of various health and dietary supplements. According to a survey conducted by the Brazilian Institute of Public Opinion and Statistics in 2018, the percentage of the population that identifies as vegetarian has increased to 14% (a 75 percent rise from 2012), representing 29 million people.
Many regional companies deliver the important features that consumers are looking for as they grow more savvy and choosy about the products they buy. Supplements are all about health, wellness, and self-care, therefore customers want a product that meets their high expectations for authenticity, purity, and dependability.
The Brazil market dominated the LAMEA Vegetarian Softgel Capsules Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.9 million by 2027. The Argentina market is estimated to grow at a CAGR of 7.5% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 6.7% during (2021 - 2027).
Based on Material, the market is segmented into Starch, Cellulose, and Pullulan. Based on Application, the market is segmented into Health Supplements, Pharmaceuticals, and Cosmetics. Based on Distribution Channel, the market is segmented into Retail Stores & Pharmacy, Hospital Pharmacy, and Online Providers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Vegetarian Softgel Capsules Market is Predict to reach $689.1 Million by 2027, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aenova Group GmbH (BC Partners), Catalent, Inc., Best Formulations, Inc., Lyfe Group (Caps Canada), Robinson Pharma, Inc., Sirio Pharma Co., Ltd., Procaps Group, EuroCaps Ltd., and DuPont de Nemours, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Starch
- Cellulose
- Pullulan
By Application
- Health Supplements
- Pharmaceuticals
- Cosmetics
By Distribution Channel
- Retail Stores & Pharmacy
- Hospital Pharmacy
- Online Providers
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aenova Group GmbH (BC Partners)
- Catalent, Inc.
- Best Formulations, Inc.
- Captek Softgel International, Inc.
- Lyfe Group (Caps Canada)
- Robinson Pharma, Inc.
- Sirio Pharma Co., Ltd.
- Procaps Group
- EuroCaps Ltd.
- DuPont de Nemours, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Vegetarian Softgel Capsules Market, by Material
1.4.2 LAMEA Vegetarian Softgel Capsules Market, by Application
1.4.3 LAMEA Vegetarian Softgel Capsules Market, by Distribution Channel
1.4.4 LAMEA Vegetarian Softgel Capsules Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Vegetarian Softgel Capsules Market
Chapter 4. LAMEA Vegetarian Softgel Capsules Market by Material
4.1 LAMEA Starch Market by Country
4.2 LAMEA Cellulose Market by Country
4.3 LAMEA Pullulan Market by Country
Chapter 5. LAMEA Vegetarian Softgel Capsules Market by Application
5.1 LAMEA Health Supplements Market by Country
5.2 LAMEA Pharmaceuticals Market by Country
5.3 LAMEA Cosmetics Market by Country
Chapter 6. LAMEA Vegetarian Softgel Capsules Market by Distribution Channel
6.1 LAMEA Retail Stores & Pharmacy Market by Country
6.2 LAMEA Hospital Pharmacy Market by Country
6.3 LAMEA Online Providers Market by Country
Chapter 7. LAMEA Vegetarian Softgel Capsules Market by Country
7.1 Brazil Vegetarian Softgel Capsules Market
7.1.1 Brazil Vegetarian Softgel Capsules Market by Material
7.1.2 Brazil Vegetarian Softgel Capsules Market by Application
7.1.3 Brazil Vegetarian Softgel Capsules Market by Distribution Channel
7.2 Argentina Vegetarian Softgel Capsules Market
7.2.1 Argentina Vegetarian Softgel Capsules Market by Material
7.2.2 Argentina Vegetarian Softgel Capsules Market by Application
7.2.3 Argentina Vegetarian Softgel Capsules Market by Distribution Channel
7.3 UAE Vegetarian Softgel Capsules Market
7.3.1 UAE Vegetarian Softgel Capsules Market by Material
7.3.2 UAE Vegetarian Softgel Capsules Market by Application
7.3.3 UAE Vegetarian Softgel Capsules Market by Distribution Channel
7.4 Saudi Arabia Vegetarian Softgel Capsules Market
7.4.1 Saudi Arabia Vegetarian Softgel Capsules Market by Material
7.4.2 Saudi Arabia Vegetarian Softgel Capsules Market by Application
7.4.3 Saudi Arabia Vegetarian Softgel Capsules Market by Distribution Channel
7.5 South Africa Vegetarian Softgel Capsules Market
7.5.1 South Africa Vegetarian Softgel Capsules Market by Material
7.5.2 South Africa Vegetarian Softgel Capsules Market by Application
7.5.3 South Africa Vegetarian Softgel Capsules Market by Distribution Channel
7.6 Nigeria Vegetarian Softgel Capsules Market
7.6.1 Nigeria Vegetarian Softgel Capsules Market by Material
7.6.2 Nigeria Vegetarian Softgel Capsules Market by Application
7.6.3 Nigeria Vegetarian Softgel Capsules Market by Distribution Channel
7.7 Rest of LAMEA Vegetarian Softgel Capsules Market
7.7.1 Rest of LAMEA Vegetarian Softgel Capsules Market by Material
7.7.2 Rest of LAMEA Vegetarian Softgel Capsules Market by Application
7.7.3 Rest of LAMEA Vegetarian Softgel Capsules Market by Distribution Channel
Chapter 8. Company Profiles
8.1 Aenova Group GmbH (BC Partners)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent Strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Catalent, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent Strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Geographical Expansions:
8.3 Best Formulations, Inc.
8.3.1 Company Overview
8.4 Captek Softgel International, Inc.
8.4.1 Company Overview
8.5 Lyfe Group (Caps Canada)
8.5.1 Company Overview
8.5.2 Recent Strategies and developments:
8.5.2.1 Geographical Expansions:
8.6 Robinson Pharma, Inc.
8.6.1 Company Overview
8.7 Sirio Pharma Co., Ltd.
8.7.1 Company Overview
8.7.2 Recent Strategies and developments:
8.7.2.1 Geographical Expansions:
8.8 Procaps Group
8.8.1 Company Overview
8.9 EuroCaps Ltd. (DCC Plc)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional & Segmental Analysis
8.10. DuPont de Nemours, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
TABLE 1 LAMEA Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 2 LAMEA Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 3 LAMEA Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 4 LAMEA Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 5 LAMEA Starch Market by Country, 2017 - 2020, USD Thousands
TABLE 6 LAMEA Starch Market by Country, 2021 - 2027, USD Thousands
TABLE 7 LAMEA Cellulose Market by Country, 2017 - 2020, USD Thousands
TABLE 8 LAMEA Cellulose Market by Country, 2021 - 2027, USD Thousands
TABLE 9 LAMEA Pullulan Market by Country, 2017 - 2020, USD Thousands
TABLE 10 LAMEA Pullulan Market by Country, 2021 - 2027, USD Thousands
TABLE 11 LAMEA Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 12 LAMEA Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 13 LAMEA Health Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 14 LAMEA Health Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 15 LAMEA Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 16 LAMEA Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 17 LAMEA Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 18 LAMEA Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 19 LAMEA Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 20 LAMEA Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 21 LAMEA Retail Stores & Pharmacy Market by Country, 2017 - 2020, USD Thousands
TABLE 22 LAMEA Retail Stores & Pharmacy Market by Country, 2021 - 2027, USD Thousands
TABLE 23 LAMEA Hospital Pharmacy Market by Country, 2017 - 2020, USD Thousands
TABLE 24 LAMEA Hospital Pharmacy Market by Country, 2021 - 2027, USD Thousands
TABLE 25 LAMEA Online Providers Market by Country, 2017 - 2020, USD Thousands
TABLE 26 LAMEA Online Providers Market by Country, 2021 - 2027, USD Thousands
TABLE 27 LAMEA Vegetarian Softgel Capsules Market by Country, 2017 - 2020, USD Thousands
TABLE 28 LAMEA Vegetarian Softgel Capsules Market by Country, 2021 - 2027, USD Thousands
TABLE 29 Brazil Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 30 Brazil Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 31 Brazil Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 32 Brazil Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 33 Brazil Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 34 Brazil Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 35 Brazil Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 36 Brazil Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 37 Argentina Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 38 Argentina Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 39 Argentina Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 40 Argentina Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 41 Argentina Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Argentina Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 43 Argentina Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 44 Argentina Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 45 UAE Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 46 UAE Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 47 UAE Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 48 UAE Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 49 UAE Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 50 UAE Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 51 UAE Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 52 UAE Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 53 Saudi Arabia Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 54 Saudi Arabia Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 55 Saudi Arabia Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 56 Saudi Arabia Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 57 Saudi Arabia Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 58 Saudi Arabia Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 59 Saudi Arabia Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 60 Saudi Arabia Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 61 South Africa Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 62 South Africa Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 63 South Africa Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 64 South Africa Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 65 South Africa Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 66 South Africa Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 67 South Africa Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 68 South Africa Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 69 Nigeria Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 70 Nigeria Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 71 Nigeria Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 72 Nigeria Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 73 Nigeria Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 74 Nigeria Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 75 Nigeria Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 76 Nigeria Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 77 Rest of LAMEA Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 78 Rest of LAMEA Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 79 Rest of LAMEA Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 80 Rest of LAMEA Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 81 Rest of LAMEA Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 82 Rest of LAMEA Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 83 Rest of LAMEA Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 84 Rest of LAMEA Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 85 Key information – Aenova Group GmbH
TABLE 86 Key information – CATALENT, INC.
TABLE 87 Key information – Best Formulations, Inc.
TABLE 88 Key information – Captek Softgel International, Inc.
TABLE 89 Key information – Lyfe group
TABLE 90 Key information - Robinson Pharma, Inc.
TABLE 91 Key information – Sirio Pharma Co., Ltd.
TABLE 92 Key information – Procaps Group
TABLE 93 Key information – EuroCaps Ltd.
TABLE 94 Key Information –DuPont de Nemours, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Catalent, Inc.