The North America Vegetarian Softgel Capsules Market would witness market growth of 4.1% CAGR during the forecast period (2021-2027).
Vegan Softgel Capsules have been available in the market for some time, but demand is increasing due to end-user desire for Vegan Softgel Capsules. In addition, the growing awareness among individuals of health and fitness is motivating a big number of people to switch to a vegetarian diet. These people, on the other hand, will demand health supplements. End-users are sticking to vegan health supplements as their diets shift to vegan. As a result, vegan Softgel Capsules are likely to become more popular across the region.
In addition, these capsules are suitable for a wide range of moisture-sensitive, hygroscopic, and liquid formulations. Moreover, factors such as an increase in demand for vegetable capsules, a spike in patient population, a surge in research and development activities in health care, a rise in vegan diet adoption, and a wide range of benefits supplied by vegetable capsules.
The region is witnessing a high prevalence of chronic illnesses such as cardiovascular disorders. According to the Centers for Disease Control and Prevention (CDC), 30.3 million persons (12.1 percent) in the United States were diagnosed with cardiovascular illnesses in 2018. As a result, people with these chronic diseases are expected to be major consumers of such capsules in the regional market. In addition, key players are aiming for FDA and other regulatory clearances in order to expand their consumer base in other locations.
According to a Gallup study from 2018, 5% of adults in the United States identify themselves as vegetarians. Vegetarianism is more common among younger generations of Americans, with 7% of 35-54-year-olds and 8% of 18-34-year-olds following a vegetarian diet. Many American youngsters eat vegetarian diets because their parents do it for religious, environmental, or other reasons.
The US market dominated the North America Vegetarian Softgel Capsules Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $193.1 million by 2027. The Canada market is poised to grow at a CAGR of 6.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 5.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vegetarian Softgel Capsules Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Vegetarian Softgel Capsules Market, by Material
1.4.2 North America Vegetarian Softgel Capsules Market, by Application
1.4.3 North America Vegetarian Softgel Capsules Market, by Distribution Channel
1.4.4 North America 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. North America Vegetarian Softgel Capsules Market by Material
4.1 North America Starch Market by Country
4.2 North America Cellulose Market by Country
4.3 North America Pullulan Market by Country
Chapter 5. North America Vegetarian Softgel Capsules Market by Application
5.1 North America Health Supplements Market by Country
5.2 North America Pharmaceuticals Market by Country
5.3 North America Cosmetics Market by Country
Chapter 6. North America Vegetarian Softgel Capsules Market by Distribution Channel
6.1 North America Retail Stores & Pharmacy Market by Country
6.2 North America Hospital Pharmacy Market by Country
6.3 North America Online Providers Market by Country
Chapter 7. North America Vegetarian Softgel Capsules Market by Country
7.1 US Vegetarian Softgel Capsules Market
7.1.1 US Vegetarian Softgel Capsules Market by Material
7.1.2 US Vegetarian Softgel Capsules Market by Application
7.1.3 US Vegetarian Softgel Capsules Market by Distribution Channel
7.2 Canada Vegetarian Softgel Capsules Market
7.2.1 Canada Vegetarian Softgel Capsules Market by Material
7.2.2 Canada Vegetarian Softgel Capsules Market by Application
7.2.3 Canada Vegetarian Softgel Capsules Market by Distribution Channel
7.3 Mexico Vegetarian Softgel Capsules Market
7.3.1 Mexico Vegetarian Softgel Capsules Market by Material
7.3.2 Mexico Vegetarian Softgel Capsules Market by Application
7.3.3 Mexico Vegetarian Softgel Capsules Market by Distribution Channel
7.4 Rest of North America Vegetarian Softgel Capsules Market
7.4.1 Rest of North America Vegetarian Softgel Capsules Market by Material
7.4.2 Rest of North America Vegetarian Softgel Capsules Market by Application
7.4.3 Rest of North America 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 North America Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 2 North America Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 3 North America Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 4 North America Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 5 North America Starch Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Starch Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Cellulose Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Cellulose Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Pullulan Market by Country, 2017 - 2020, USD Thousands
TABLE 10 North America Pullulan Market by Country, 2021 - 2027, USD Thousands
TABLE 11 North America Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 12 North America Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 13 North America Health Supplements Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Health Supplements Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Pharmaceuticals Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Pharmaceuticals Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Cosmetics Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Cosmetics Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 20 North America Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 21 North America Retail Stores & Pharmacy Market by Country, 2017 - 2020, USD Thousands
TABLE 22 North America Retail Stores & Pharmacy Market by Country, 2021 - 2027, USD Thousands
TABLE 23 North America Hospital Pharmacy Market by Country, 2017 - 2020, USD Thousands
TABLE 24 North America Hospital Pharmacy Market by Country, 2021 - 2027, USD Thousands
TABLE 25 North America Online Providers Market by Country, 2017 - 2020, USD Thousands
TABLE 26 North America Online Providers Market by Country, 2021 - 2027, USD Thousands
TABLE 27 North America Vegetarian Softgel Capsules Market by Country, 2017 - 2020, USD Thousands
TABLE 28 North America Vegetarian Softgel Capsules Market by Country, 2021 - 2027, USD Thousands
TABLE 29 US Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 30 US Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 31 US Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 32 US Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 33 US Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 34 US Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 35 US Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 36 US Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 37 Canada Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 38 Canada Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 39 Canada Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 40 Canada Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 41 Canada Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Canada Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 43 Canada Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 44 Canada Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 45 Mexico Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 46 Mexico Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 47 Mexico Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 48 Mexico Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 49 Mexico Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 50 Mexico Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 51 Mexico Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 52 Mexico Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 53 Rest of North America Vegetarian Softgel Capsules Market, 2017 - 2020, USD Thousands
TABLE 54 Rest of North America Vegetarian Softgel Capsules Market, 2021 - 2027, USD Thousands
TABLE 55 Rest of North America Vegetarian Softgel Capsules Market by Material, 2017 - 2020, USD Thousands
TABLE 56 Rest of North America Vegetarian Softgel Capsules Market by Material, 2021 - 2027, USD Thousands
TABLE 57 Rest of North America Vegetarian Softgel Capsules Market by Application, 2017 - 2020, USD Thousands
TABLE 58 Rest of North America Vegetarian Softgel Capsules Market by Application, 2021 - 2027, USD Thousands
TABLE 59 Rest of North America Vegetarian Softgel Capsules Market by Distribution Channel, 2017 - 2020, USD Thousands
TABLE 60 Rest of North America Vegetarian Softgel Capsules Market by Distribution Channel, 2021 - 2027, USD Thousands
TABLE 61 Key information – Aenova Group GmbH
TABLE 62 Key information – CATALENT, INC.
TABLE 63 Key information – Best Formulations, Inc.
TABLE 64 Key information – Captek Softgel International, Inc.
TABLE 65 Key information – Lyfe group
TABLE 66 Key information - Robinson Pharma, Inc.
TABLE 67 Key information – Sirio Pharma Co., Ltd.
TABLE 68 Key information – Procaps Group
TABLE 69 Key information – EuroCaps Ltd.
TABLE 70 Key Information –DuPont de Nemours, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Catalent, Inc.