소프트젤 캡슐 시장조사 보고서

Report Overview

The global softgel capsules market is projected to reach USD 1.5 billion by 2028 from USD 1.1 billion in 2023, at a CAGR of 6.3% during the forecast period.

“In 2022, the gelatin segment accounted for the largest market share”
Based on material type, the global softgel capsules market is segmented into gelatin and other materials (such as hydroxypropyl methylcellulose (HPMC), pullulan, carrageenan, plant-derived cellulose, and starch-glycerin. In 2022, the gelatin segment accounted for the largest market share. Gelatin softgels are made from a gelatin-based outer shell, which is a water soluble protein derived from animal sources, typically bovine (cow), porcine (pig), and marine. The gelatin shell is filled with a liquid or semi-solid formulation containing active ingredients. The gelatin material is a key component that gives softgels their soft, flexible, and easy-to-swallow nature. Such as advantages of this segment is driving growth for the market and in extension to the growth of raw materials used for softgel capsules.

“In 2022, The bovine segment accounted for the largest share of the softgel capsules market”
On the basis of source, the global softgel capsules market has been divided into porcine, bovine, and other sources (including poultry, marine, and plant sources). In 2022, the bovine segment accounted for the largest share of the softgel capsules market in 2022. Strong emphasis on the launch of new products in the market specifically for softgels is further likely to have a positive impact on the market growth. For instance, in 2022, PB liner extended the gelwoRx Dsolve pharmaceutical portfolio with the launch of new product including, Dsolve xTRA, specially developed to reduce cross-linking and fast dissolution of soft caps. Also, the abundance and easy availability of bovine are supporting its growth in the market

“In 2022, the nutraceutical and dietary supplement industry segment accounted for the largest market”
Based on application, the global softgel capsules market is divided into pharmaceutical, nutraceutical and dietary supplement, and cosmetics & personal care industries. In 2022, the nutraceutical and dietary supplement industry segment accounted for the largest market share. Nutraceuticals are products derived from food sources. These products have medicinal properties along with health-promoting properties. As a result they are gaining importance in the daily diet of many people worldwide. With rising health consciousness among consumers, the demand for health supplements is rising. Thus, the growing trend of adopting healthy lifestyles is a major driver for the nutraceutical and dietary supplement industry segment.

“Europe accounted for the largest share of the softgel capsules market”
The softgel capsules market is broadly divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2022, Europe accounted for the largest share of 34.2% of the softgel capsules market. The large share of this region can be attributed to the presence of major capsule manufacturers and pharmaceutical giants in the region, such as Gelita AG (Germany), PB Leiner (Belgium), Weishardt SA (France), and Lapi Gelatine S.p.a. (Italy). North America held the second-largest market share in 2022. The growing emphasis on superior nutraceutical and cosmetic products has increased the demand for softgel capsules in the region.

A breakdown of the primary participants referred to for this report is provided below:
• By Respondent: Supply Side- 80% and Demand Side 20%
• By Designation: Managers- 45%, CXOs and Directors – 30%, and Executives – 25%
• By Region: North America -20%, Europe -32%, Asia-Pacific -40%, Latin America -5%, Middle East & Africa- 3%

The prominent players in the global softgel capsules are Gelita AG (Germany), PB Leiner (part of Tessenderlo Group) (Belgium), Nitta Gelatin, Inc. (Japan), Sterling Gelatin and Croda Colloids (India), Narmada Gelatines Limited (India), Italgel S.r.l. (Italy), Darling Ingredients Inc. (US), Lapi Gelatine S.p.a. (Italy), Trobas Gelatine B.V. (Netherlands), Weishardt (France), India Gelatine & Chemicals Ltd. (India), Xiamen Gelken Gelatin Co., Ltd. (China), Gelco International (Brazil), Boom Gelatin (China), Geliko LLC (US), Kenney & Ross Limited Marine Gelatin (Canada), Baotou Dongbao Bio-Tech Co., Ltd. (China), Jellice Gelatin & Collagen (Netherlands), Athos Collagen Pvt. Ltd. (India), Kubon Biotechnology Co., Ltd. (Cambodia), C.J. Gelatine Products Limited (India), American Gelatin (US), and Geltech (South Korea).

Research Coverage: The report analyzes the softgel capsules market and aims to estimate the market size and future growth potential. The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.
Reasons to Buy the Report
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall softgel capsules market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market’s pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Analysis of key drivers (Benefits of softgel capsules, increasing demand for dietary supplements and nutraceuticals, and rising demand for naturally sourced ingredients), restraints (Negative environmental impact, and limited acceptance due to cultural restrictions), opportunities (Personalization and customization), and challenges (Rising prices of raw materials, and insufficient technologies to extract and process gelatin) influencing the growth of the softgel capsules market

• Product Development/Innovation: Detailed insights on upcoming trends, research & development activities, and new product launches in the softgel capsules market

• Market Development: Comprehensive information about lucrative markets – the report analyses the softgel capsules market across varied regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the softgel capsules market

• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Gelita AG (Germany), PB Leiner (part of Tessenderlo Group) (Belgium), Nitta Gelatin, Inc. (Japan), Sterling Gelatin and Croda Colloids (India), Narmada Gelatines Limited (India), Italgel S.r.l. (Italy), Darling Ingredients Inc. (US), Lapi Gelatine S.p.a. (Italy), Trobas Gelatine B.V. (Netherlands), Weishardt (France), and India Gelatine & Chemicals Ltd. (India).

Table of Contents

1            INTRODUCTION            17

1.1         STUDY OBJECTIVES      17

1.2         MARKET DEFINITION   17

1.2.1      INCLUSIONS & EXCLUSIONS OF STUDY 18

1.3         STUDY SCOPE  18

1.3.1      MARKETS COVERED     18

1.3.2      YEARS CONSIDERED     19

1.4         CURRENCY        19

1.5         LIMITATIONS   19

1.6         STAKEHOLDERS            20

1.7         RECESSION IMPACT      20

2            RESEARCH METHODOLOGY     21

2.1         RESEARCH DATA           21

FIGURE 1           RESEARCH DESIGN       21

2.1.1      SECONDARY DATA       22

2.1.2      PRIMARY DATA 23

FIGURE 2           SOFTGEL CAPSULES MARKET: BREAKDOWN OF PRIMARIES              23

2.2         MARKET SIZE ESTIMATION       24

FIGURE 3           SOFTGEL CAPSULES MARKET: MARKET SIZE ESTIMATION FOR SUPPLY-SIDE ANALYSIS (2022)  24

FIGURE 4           MARKET SIZE ESTIMATION: APPROACH 1 (REVENUE SHARE ANALYSIS) FOR 2022      25

FIGURE 5           ILLUSTRATIVE EXAMPLE OF DARLING INGREDIENTS INC.: REVENUE SHARE ANALYSIS FOR 2022    25

2.2.1      PRIMARY INSIGHTS       27

FIGURE 6           MARKET VALIDATION FROM PRIMARY EXPERTS           27

2.3         GROWTH RATE ASSUMPTIONS 27

FIGURE 7           SOFTGEL CAPSULES MARKET: CAGR PROJECTIONS FOR FORECAST PERIOD       28

FIGURE 8           SOFTGEL CAPSULES MARKET: GROWTH ANALYSIS OF DRIVERS, RESTRAINTS, CHALLENGES, AND OPPORTUNITIES    28

2.4         MARKET BREAKDOWN AND DATA TRIANGULATION    29

FIGURE 9           DATA TRIANGULATION METHODOLOGY         29

2.5         STUDY ASSUMPTIONS  30

2.6         RISK ANALYSIS 30

2.7         RECESSION IMPACT ANALYSIS 30

TABLE 1             GLOBAL INFLATION RATE PROJECTION, 2024–2028 (% GROWTH)         31

TABLE 2             US HEALTH EXPENDITURE, 2019–2022 (USD MILLION)  31

TABLE 3             US HEALTH EXPENDITURE, 2023–2030 (USD MILLION)  31

3            EXECUTIVE SUMMARY 32

FIGURE 10         SOFTGEL CAPSULES MARKET, BY MATERIAL, 2023 VS. 2028 (USD MILLION) 32

FIGURE 11         SOFTGEL CAPSULES MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION)          33

FIGURE 12         SOFTGEL CAPSULES MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 34

FIGURE 13         GEOGRAPHICAL SNAPSHOT OF SOFTGEL CAPSULES MARKET              35

4            PREMIUM INSIGHTS      36

4.1         SOFTGEL CAPSULES MARKET OVERVIEW          36

FIGURE 14         INCREASING DEMAND FOR DIETARY SUPPLEMENTS AND NUTRACEUTICALS TO DRIVE MARKET 36

4.2         ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY SOURCE AND COUNTRY (2022)           37

FIGURE 15         BOVINE SEGMENT ACCOUNTED FOR LARGEST SHARE OF ASIA PACIFIC MARKET IN 2022           37

4.3         SOFTGEL CAPSULES MARKET SHARE, BY APPLICATION, 2022    38

FIGURE 16         NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY ACCOUNTED FOR LARGEST MARKET SHARE IN 2022     38

4.4         SOFTGEL CAPSULES MARKET SHARE, BY SOURCE, 2022 38

FIGURE 17         BOVINE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022  38

4.5         SOFTGEL CAPSULES MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES           39

FIGURE 18         CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD              39

5            MARKET OVERVIEW     40

5.1         INTRODUCTION            40

5.2         MARKET DYNAMICS     40

FIGURE 19         SOFTGEL CAPSULES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    40

TABLE 4             SOFTGEL CAPSULES MARKET: IMPACT ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       41

5.2.1      DRIVERS            41

5.2.1.1   Benefits of softgel capsules 41

5.2.1.2   Increasing demand for dietary supplements and nutraceuticals  42

5.2.1.3   Rising demand for naturally sourced ingredients          42

5.2.2      RESTRAINTS     43

5.2.2.1   Negative environmental impact       43

5.2.2.2   Limited acceptance due to cultural restrictions             44

5.2.3      OPPORTUNITIES           44

5.2.3.1   Personalization and customization   44

5.2.4      CHALLENGES   45

5.2.4.1   Rising prices of raw materials           45

5.2.4.2   Insufficient technologies to extract and process gelatin 45

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS     46

FIGURE 20         REVENUE SHIFT & NEW REVENUE POCKETS FOR SOFTGEL CAPSULE PROVIDERS   46

5.4         PATENT ANALYSIS        47

FIGURE 21         SOFTGEL CAPSULES MARKET: PATENT APPLICATIONS, JANUARY 2012–JULY 2023           47

TABLE 5             SOFTGEL CAPSULES MARKET: INDICATIVE LIST OF PATENTS              47

5.5         VALUE CHAIN ANALYSIS            48

FIGURE 22         VALUE CHAIN ANALYSIS OF SOFTGEL CAPSULES MARKET: RAW MATERIAL AND MANUFACTURING PHASE CONTRIBUTE MAXIMUM VALUE 48

5.5.1      SOURCING OF RAW MATERIALS             49

5.5.2      COLLECTION AND TRANSPORT OF RAW MATERIALS   49

5.5.3      RAW MATERIAL PREPARATION AND PROCESSING         49

5.5.4      SOFTGEL PRODUCTION            49

5.6         SUPPLY CHAIN ANALYSIS          49

FIGURE 23         SOFTGEL CAPSULES MARKET: SUPPLY CHAIN ANALYSIS              50

5.7         SOFTGEL CAPSULES MARKET: ECOSYSTEM ANALYSIS  51

TABLE 6             SOFTGEL CAPSULES MARKET: ROLE IN ECOSYSTEM     51

5.8         KEY CONFERENCES AND EVENTS, 2023–2024     53

TABLE 7             SOFTGEL CAPSULES MARKET: CONFERENCES AND EVENTS, 2023–2024          53

5.9         PRICING ANALYSIS        53

5.9.1      AVERAGE SELLING PRICE, BY SOURCE & REGION, 2022–2023 (USD/KT)              53

TABLE 8             AVERAGE SELLING PRICE, BY SOURCE & REGION (2022–2023)              53

5.10       TRADE ANALYSIS          53

TABLE 9             IMPORT DATA FOR GELATIN, BY COUNTRY, 2018–2022 (USD THOUSAND)     53

TABLE 10           EXPORT DATA FOR GELATIN, BY COUNTRY, 2018–2022 (USD THOUSAND)     54

5.11       TECHNOLOGY ANALYSIS           54

5.12       PORTER’S FIVE FORCES ANALYSIS         55

TABLE 11           SOFTGEL CAPSULES MARKET: PORTER’S FIVE FORCES ANALYSIS          55

5.12.1    THREAT OF NEW ENTRANTS    56

5.12.2    THREAT OF SUBSTITUTES         56

5.12.3    BARGAINING POWER OF SUPPLIERS     56

5.12.4    BARGAINING POWER OF BUYERS           56

5.12.5    INTENSITY OF COMPETITIVE RIVALRY 57

5.13       REGULATORY ANALYSIS            57

5.13.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          57

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    58

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         58

FIGURE 24         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF SOFTGEL CAPSULES     58

5.14.2    BUYING CRITERIA FOR SOFTGEL CAPSULES     59

FIGURE 25         KEY BUYING CRITERIA FOR END USERS              59

 

6            SOFTGEL CAPSULES MARKET, BY MATERIAL    60

6.1         INTRODUCTION            61

TABLE 12           SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)          61

6.2         GELATIN           61

6.2.1      HEALTH BENEFITS OF GELATIN TO DRIVE MARKET     61

TABLE 13           SOFT GELATIN CAPSULES MARKET, BY REGION, 2021–2028 (USD MILLION) 62

TABLE 14           NORTH AMERICA: SOFT GELATIN CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    62

TABLE 15           EUROPE: SOFT GELATIN CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)          63

TABLE 16           ASIA PACIFIC: SOFT GELATIN CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    63

6.3         OTHER MATERIALS      64

TABLE 17           SOFTGEL CAPSULES MARKET FOR OTHER MATERIALS, BY REGION, 2021–2028 (USD MILLION)       64

TABLE 18           NORTH AMERICA: SOFTGEL CAPSULES MARKET FOR OTHER MATERIALS, BY COUNTRY, 2021–2028 (USD MILLION)   65

TABLE 19           EUROPE: SOFTGEL CAPSULES MARKET FOR OTHER MATERIALS, BY COUNTRY, 2021–2028 (USD MILLION)   65

TABLE 20           ASIA PACIFIC: SOFTGEL CAPSULES MARKET FOR OTHER MATERIALS, BY COUNTRY, 2021–2028 (USD MILLION)   66

7            SOFTGEL CAPSULES MARKET, BY SOURCE        67

7.1         INTRODUCTION            68

TABLE 21           SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          68

7.2         BOVINE              68

7.2.1      ABUNDANCE AND EASY AVAILABILITY TO SUPPORT MARKET GROWTH          68

TABLE 22           BOVINE SOFTGEL CAPSULES MARKET, BY REGION, 2021–2028 (USD MILLION) 69

TABLE 23           NORTH AMERICA: BOVINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    69

TABLE 24           EUROPE: BOVINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)          70

TABLE 25           ASIA PACIFIC: BOVINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    70

7.3         PORCINE           71

7.3.1      INCREASING PORK PRODUCTION TO DRIVE GELATIN MANUFACTURING INDUSTRY  71

TABLE 26           PORCINE SOFTGEL CAPSULES MARKET, BY REGION, 2021–2028 (USD MILLION) 71

TABLE 27           NORTH AMERICA: PORCINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    72

TABLE 28           EUROPE: PORCINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    72

TABLE 29           ASIA PACIFIC: PORCINE SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    73

7.4         OTHER SOURCES           73

TABLE 30           OTHER SOFTGEL CAPSULES MARKET, BY REGION, 2021–2028 (USD MILLION) 74

TABLE 31           NORTH AMERICA: OTHER SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    74

TABLE 32           EUROPE: OTHER SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)          75

TABLE 33           ASIA PACIFIC: OTHER SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)    75

8            SOFTGEL CAPSULES MARKET, BY APPLICATION            76

8.1         INTRODUCTION            77

TABLE 34           SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 77

8.2         NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY        77

8.2.1      GROWING CONSUMER PREFERENCE FOR CAPSULE-BASED NUTRACEUTICAL FORMULATIONS TO DRIVE MARKET 77

TABLE 35           SOFTGEL CAPSULES MARKET FOR NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY, BY REGION, 2021–2028 (USD MILLION)              78

TABLE 36           NORTH AMERICA: SOFTGEL CAPSULES MARKET FOR NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)          78

TABLE 37           EUROPE: SOFTGEL CAPSULES MARKET FOR NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)          79

TABLE 38           ASIA PACIFIC: SOFTGEL CAPSULES MARKET FOR NUTRACEUTICAL AND DIETARY SUPPLEMENT INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)          79

8.3         PHARMACEUTICAL INDUSTRY 80

8.3.1      INCREASING BENEFITS OF SOFTGEL CAPSULES TO DRIVE MARKET              80

TABLE 39           SOFTGEL CAPSULES MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2021–2028 (USD MILLION)         80

TABLE 40           NORTH AMERICA: SOFTGEL CAPSULES MARKET FOR PHARMACEUTICAL INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)              81

TABLE 41           EUROPE: SOFTGEL CAPSULES MARKET FOR PHARMACEUTICAL INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)              81

TABLE 42           ASIA PACIFIC: SOFTGEL CAPSULES MARKET FOR PHARMACEUTICAL INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)              82

8.4         COSMETICS AND PERSONAL CARE INDUSTRY  82

8.4.1      INCREASING DEMAND FOR GELATIN IN COSMETIC PRODUCTS TO DRIVE MARKET 82

TABLE 43           SOFTGEL CAPSULES MARKET FOR COSMETICS AND PERSONAL CARE INDUSTRY, BY REGION, 2021–2028 (USD MILLION)      83

TABLE 44           NORTH AMERICA: SOFTGEL CAPSULES MARKET FOR COSMETICS AND PERSONAL CARE INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)          83

TABLE 45           EUROPE: SOFTGEL CAPSULES MARKET FOR COSMETICS AND PERSONAL CARE INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)  84

TABLE 46           ASIA PACIFIC: SOFTGEL CAPSULES MARKET FOR COSMETICS AND PERSONAL CARE INDUSTRY, BY COUNTRY, 2021–2028 (USD MILLION)              85

 

9            SOFTGEL CAPSULES MARKET, BY REGION         86

9.1         INTRODUCTION            87

TABLE 47           SOFTGEL CAPSULES MARKET, BY REGION, 2021–2028 (USD MILLION)          87

9.2         EUROPE             87

TABLE 48           EUROPE: EXPORT AND IMPORT DATA FOR GELATIN, BY COUNTRY, 2022 (TONS)              87

FIGURE 26         EUROPE: SOFTGEL CAPSULES MARKET SNAPSHOT       88

TABLE 49           EUROPE: SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)     89

TABLE 50           EUROPE: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)     89

TABLE 51           EUROPE: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 89

TABLE 52           EUROPE: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)          90

9.2.1      GERMANY         90

9.2.1.1   Greater demand for capsule-based pharmaceutical and nutraceutical formulations to drive market    90

TABLE 53           GERMANY: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)     90

TABLE 54           GERMANY: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)     91

TABLE 55           GERMANY: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)          91

9.2.2      FRANCE             91

9.2.2.1   Large demand for pharmaceutical products to support market growth      91

TABLE 56           FRANCE: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)     92

TABLE 57           FRANCE: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 92

TABLE 58           FRANCE: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)          93

9.2.3      UK         93

9.2.3.1   Increasing intake of nutraceuticals and other health supplements to favor market growth   93

TABLE 59           UK: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 94

TABLE 60           UK: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          94

TABLE 61           UK: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 94

9.2.4      ITALY   95

9.2.4.1   Growing pharmaceutical industry to drive market        95

TABLE 62           ITALY: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 95

TABLE 63           ITALY: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 95

TABLE 64           ITALY: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)     96

9.2.5      SPAIN   96

9.2.5.1   Abundant raw materials for gelatin production to support market growth 96

TABLE 65           SPAIN: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 96

TABLE 66           SPAIN: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 97

TABLE 67           SPAIN: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)     97

9.2.6      REST OF EUROPE           97

TABLE 68           REST OF EUROPE: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)   98

TABLE 69           REST OF EUROPE: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          99

TABLE 70           REST OF EUROPE: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)           99

9.2.7      EUROPE: RECESSION IMPACT   99

9.3         NORTH AMERICA          100

TABLE 71           NORTH AMERICA: EXPORT AND IMPORT DATA FOR GELATIN, BY COUNTRY, 2022 (TONS)        100

TABLE 72          NORTH AMERICA: SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)          100

TABLE 73           NORTH AMERICA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)   101

TABLE 74           NORTH AMERICA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          101

TABLE 75           NORTH AMERICA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)           101

9.3.1      US         102

9.3.1.1   High demand for capsule-based pharmaceutical and nutraceutical products to drive market        102

TABLE 76           US: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 102

TABLE 77           US: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          103

TABLE 78           US: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION) 103

9.3.2      CANADA            103

9.3.2.1   Rising government focus on healthcare expenditure to favor market growth              103

TABLE 79           CANADA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)     104

TABLE 80           CANADA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 104

TABLE 81           CANADA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)          105

9.3.3      NORTH AMERICA: RECESSION IMPACT 105

 

9.4         ASIA PACIFIC    106

TABLE 82           ASIA PACIFIC: EXPORT AND IMPORT DATA FOR GELATIN, BY COUNTRY, 2022 (TONS)              106

FIGURE 27         ASIA PACIFIC: SOFTGEL CAPSULES MARKET SNAPSHOT              107

TABLE 83           ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY COUNTRY, 2021–2028 (USD MILLION)          108

TABLE 84           ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)          108

TABLE 85           ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)     108

TABLE 86           ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)          109

9.4.1      CHINA  109

9.4.1.1   Availability of low-cost raw materials and workforce to drive market        109

TABLE 87           CHINA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)     110

TABLE 88           CHINA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 110

TABLE 89           CHINA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)     110

9.4.2      INDIA   111

9.4.2.1   Increasing number of FDA-approved pharmaceutical manufacturing units to support market growth       111

TABLE 90           INDIA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 111

TABLE 91           INDIA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 112

TABLE 92           INDIA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)     112

9.4.3      JAPAN  112

9.4.3.1   High levels of affordability to favor market growth       112

TABLE 93           JAPAN: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION) 113

TABLE 94           JAPAN: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION) 113

TABLE 95           JAPAN: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)     114

9.4.4      REST OF ASIA PACIFIC  114

TABLE 96           REST OF ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)   115

TABLE 97           REST OF ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)       115

TABLE 98           REST OF ASIA PACIFIC: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)           115

9.4.5      ASIA PACIFIC: RECESSION IMPACT        116

 

9.5         LATIN AMERICA             117

9.5.1      AVAILABILITY OF RAW MATERIALS FOR BEEF PRODUCTS TO DRIVE BOVINE GELATIN MARKET       117

TABLE 99           LATIN AMERICA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)          117

TABLE 100         LATIN AMERICA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)          118

TABLE 101         LATIN AMERICA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)           118

9.5.2      LATIN AMERICA: RECESSION IMPACT   118

9.6         MIDDLE EAST & AFRICA             119

9.6.1      GROWING PHARMACEUTICAL INDUSTRY TO DRIVE MARKET GROWTH          119

TABLE 102         MIDDLE EAST & AFRICA: SOFTGEL CAPSULES MARKET, BY MATERIAL, 2021–2028 (USD MILLION)   120

TABLE 103         MIDDLE EAST & AFRICA: SOFTGEL CAPSULES MARKET, BY SOURCE, 2021–2028 (USD MILLION)       120

TABLE 104         MIDDLE EAST & AFRICA: SOFTGEL CAPSULES MARKET, BY APPLICATION, 2021–2028 (USD MILLION)           121

9.6.2      MIDDLE EAST & AFRICA: RECESSION IMPACT   121

10          COMPETITIVE LANDSCAPE       122

10.1       INTRODUCTION            122

10.2       RIGHT-TO-WIN APPROACHES ADOPTED BY KEY PLAYERS        123

FIGURE 28         SOFTGEL CAPSULES MARKET: STRATEGIES ADOPTED BY KEY PLAYERS           123

10.3       REVENUE SHARE ANALYSIS       124

FIGURE 29         REVENUE ANALYSIS OF KEY PLAYERS, 2020–2022 (USD MILLION)          124

10.4       MARKET SHARE ANALYSIS         125

FIGURE 30         MARKET SHARE ANALYSIS OF KEY PLAYERS (2022)        125

TABLE 105         SOFTGEL CAPSULES MARKET: DEGREE OF COMPETITION              126

10.5       COMPANY EVALUATION MATRIX          127

FIGURE 31         SOFTGEL CAPSULES MARKET: COMPANY EVALUATION MATRIX, 2022    127

10.5.1    STARS  128

10.5.2    EMERGING LEADERS    128

10.5.3    PERVASIVE PLAYERS     128

10.5.4    PARTICIPANTS 128

10.5.5    COMPETITIVE BENCHMARKING OF PLAYERS   129

10.5.5.1 Company Footprint           129

TABLE 106         COMPANY FOOTPRINT ANALYSIS: KEY PLAYERS            129

10.5.5.2 Product footprint of companies        130

TABLE 107         SOFTGEL CAPSULES MARKET: PRODUCT FOOTPRINT ANALYSIS OF KEY PLAYERS       130

10.5.5.3 Regional Footprint of companies     131

TABLE 108         SOFTGEL CAPSULES MARKET: REGIONAL FOOTPRINT ANALYSIS OF KEY PLAYERS       131

10.6       COMPANY EVALUATION MATRIX FOR STARTUPS/SMES             132

FIGURE 32         SOFTGEL CAPSULES MARKET: COMPANY EVALUATION MATRIX FOR STARTUPS/SMES, 2022      132

10.6.1    PROGRESSIVE COMPANIES       132

10.6.2    STARTING BLOCKS       133

10.6.3    RESPONSIVE COMPANIES          133

10.6.4    DYNAMIC COMPANIES 133

10.7       COMPETITIVE BENCHMARKING OF STARTUP/SME PLAYERS    133

TABLE 109         SOFTGEL CAPSULES MARKET: DETAILED LIST OF KEY STARTUP/SME PLAYERS            133

TABLE 110         SOFTGEL CAPSULES MARKET: COMPETITIVE BENCHMARKING OF STARTUP/SME PLAYERS   134

10.8       COMPETITIVE SCENARIO AND TRENDS             135

10.8.1    PRODUCT LAUNCHES  135

TABLE 111         SOFTGEL CAPSULES MARKET: PRODUCT LAUNCHES, JANUARY 2020–AUGUST 2023     135

10.8.2    DEALS  136

TABLE 112         SOFTGEL CAPSULES MARKET: DEALS, JANUARY 2020–AUGUST 2023      136

10.8.3    OTHER DEVELOPMENTS           137

TABLE 113         SOFTGEL CAPSULES MARKET: OTHER DEVELOPMENTS, JANUARY 2020–AUGUST 2023     137

11          COMPANY PROFILES    138

11.1       KEY PLAYERS   138

(Business Overview, Products offered, Recent Developments, MnM View)*

11.1.1    GELITA AG        138

TABLE 114         GELITA AG: COMPANY OVERVIEW        138

TABLE 115         GELITA AG: PRODUCT PORTFOLIO      138

TABLE 116         GELITA AG: DEALS        139

TABLE 117         GELITA AG: OTHER DEVELOPMENTS   139

11.1.2    DARLING INGREDIENTS INC.    140

TABLE 118         DARLING INGREDIENTS INC.: COMPANY OVERVIEW     140

FIGURE 33         DARLING INGREDIENTS INC.: COMPANY SNAPSHOT (2022)              141

TABLE 119         DARLING INGREDIENTS INC.: PRODUCT PORTFOLIO   142

TABLE 120         DARLING INGREDIENTS INC.: DEALS    142

TABLE 121         DARLING INGREDIENTS INC.: OTHER DEVELOPMENTS 143

11.1.3    PB LEINER (PART OF TESSENDERLO GROUP)   144

TABLE 122         PB LEINER (PART OF TESSENDERLO GROUP): COMPANY OVERVIEW        144

FIGURE 34         PB LEINER (PART OF TESSENDERLO GROUP): COMPANY SNAPSHOT (2022)          145

TABLE 123         PB LEINER (PART OF TESSENDERLO GROUP): PRODUCT PORTFOLIO      145

TABLE 124         PB LEINER: PRODUCT LAUNCHES         146

TABLE 125         PB LEINER: DEALS         146

11.1.4    NITTA GELATIN, INC.   148

TABLE 126         NITTA GELATIN, INC.: COMPANY OVERVIEW    148

FIGURE 35         NITTA GELATIN: COMPANY SNAPSHOT (2022) 149

TABLE 127         NITTA GELATIN, INC.: PRODUCT PORTFOLIO  149

11.1.5    NARMADA GELATINES LIMITED            150

TABLE 128         NARMADA GELATINES LIMITED: COMPANY OVERVIEW              150

FIGURE 36         NARMADA GELATINES LIMITED: COMPANY SNAPSHOT (2022)              150

TABLE 129         NARMADA GELATINES LIMITED: PRODUCT PORTFOLIO              150

11.1.6    C.J. GELATINE PRODUCTS LIMITED      151

TABLE 130         C.J. GELATINE PRODUCTS LIMITED: COMPANY OVERVIEW              151

FIGURE 37         C.J. GELATINE PRODUCTS LIMITED: COMPANY SNAPSHOT (2022)   151

TABLE 131         C.J. GELATINE PRODUCTS LIMITED: PRODUCT PORTFOLIO              152

11.1.7    WEISHARDT     153

TABLE 132         WEISHARDT: COMPANY OVERVIEW      153

TABLE 133         WEISHARDT: PRODUCT PORTFOLIO    153

11.1.8    TROBAS GELATINE B.V.             154

TABLE 134         TROBAS GELATINE B.V.: COMPANY OVERVIEW 154

TABLE 135         TROBAS GELATINE B.V.: PRODUCT PORTFOLIO            154

11.1.9    LAPI GELATINE S.P.A.   155

TABLE 136         LAPI GELATINE S.P.A.: COMPANY OVERVIEW    155

11.1.9.2 Products offered  155

TABLE 137         LAPI GELATINE S.P.A.: PRODUCT PORTFOLIO  155

TABLE 138         LAPI GELATINE S.P.A.: DEALS   156

11.1.10  INDIA GELATINE & CHEMICALS LTD.    157

TABLE 139         INDIA GELATINE & CHEMICALS LTD.: COMPANY OVERVIEW              157

FIGURE 38         INDIA GELATINE & CHEMICALS LTD.: COMPANY SNAPSHOT (2021)   157

TABLE 140         INDIA GELATINE & CHEMICALS LTD.: PRODUCT PORTFOLIO              158

11.1.11  ITALGEL S.P.A. 159

TABLE 141         ITALGEL S.P.A.: COMPANY OVERVIEW  159

TABLE 142         ITALGEL: PRODUCT PORTFOLIO          159

11.1.12  STERLING GELATIN AND CRODA COLLOIDS    160

TABLE 143         STERLING GELATIN AND CRODA COLLOIDS: COMPANY OVERVIEW        160

TABLE 144         STERLING GELATIN AND CRODA COLLOIDS: PRODUCT PORTFOLIO      160

11.2       OTHER PLAYERS           161

11.2.1    XIAMEN GELKEN GELATIN CO., LTD.    161

TABLE 145         XIAMEN GELKEN GELATIN CO., LTD.: COMPANY OVERVIEW              161

11.2.2    GELCO INTERNATIONAL           161

TABLE 146         GELCO INTERNATIONAL: COMPANY OVERVIEW            161

11.2.3    BOOM GELATIN            162

TABLE 147         BOOM GELATIN: COMPANY OVERVIEW             162

11.2.4    GELIKO LLC     162

TABLE 148         GELIKO LLC: COMPANY OVERVIEW      162

11.2.5    KENNEY & ROSS LIMITED MARINE GELATIN     163

TABLE 149         KENNEY & ROSS LIMITED MARINE GELATIN: COMPANY OVERVIEW        163

11.2.6    BAOTOU DONGBAO BIO-TECH CO., LTD.          163

TABLE 150         BAOTOU DONGBAO BIO-TECH CO., LTD.: COMPANY OVERVIEW        163

11.2.7    JELLICE GELATIN & COLLAGEN             164

TABLE 151         JELLICE GELATIN & COLLAGEN: COMPANY OVERVIEW 164

11.2.8    ATHOS COLLAGEN PVT. LTD.  164

TABLE 152         ATHOS COLLAGEN PVT. LTD.: COMPANY OVERVIEW   164

11.2.9    KUBON BIOTECHNOLOGY CO., LTD.    165

TABLE 153         KUBON BIOTECHNOLOGY CO., LTD.: COMPANY OVERVIEW              165

11.2.10  AMERICAN GELATIN     165

TABLE 154         AMERICAN GELATIN: COMPANY OVERVIEW     165

11.2.11  GELTECH CO., LTD.      166

TABLE 155         GELTECH CO., LTD.: COMPANY OVERVIEW       166

*Details on Business Overview, Products offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

12          APPENDIX         167

12.1       DISCUSSION GUIDE      167

12.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             170

12.3       CUSTOMIZATION OPTIONS      172

12.4       RELATED REPORTS       172

12.5       AUTHOR DETAILS         173