February 15, 2022 10:45 ET | Source: FACT.MR FACT.MR
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ROCKVILLE, Md., Feb. 15, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, the global softgel capsules market is expected to thrive on a wide variety being offered by manufacturers, while increasing prevalence of cardiovascular and inflammatory diseases will further fuel the sales of suppliers over the coming years.
“With rise in application in the pharmaceutical industry, softgel capsule manufacturers are focusing on developing a flurry of products such as gelatin type-A, gelatin type-B, and hydroxy propyl methyl cellulose (HPMC), to name a few,” says a Fact.MR analyst.
According to the report, North America will have a major share of the global industry value, while Asia Pacific will register the most impressive growth. In a nutshell, rising adoption in diverse applications, starting from vitamin supplements to medicines, coupled with heavy investments by industry players, will cater to industry growth during the forecast period of 2021 to 2031.
Softgel Capsules Market Report Scope:
The latest report on ‘softgel capsules’ by Fact.MR provides detailed analysis on the global industry growth scope, potential, demand-supply patterns, and crucial factors for the forecast period of 2021 to 2031.
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According to the report, stakeholders will eye lucrative markets such as North America, Europe, and Latin America, while high requirement for gelatin softgel capsules will have significant contribution to industry growth.
Competitive Landscape of Softgel Capsules Market:
With the competition getting stricter, softgel capsule manufactures are developing a wider variety of products in order to fully leverage the industry’s potential.
List of Key Players in Softgel Capsules Market:
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Softgel Capsules Market Segmentation:
Softgel Capsules Type Outlook
Softgel Capsules Application
Softgel Capsules Manufacturers
Key Insights & Findings Covered in Softgel Capsules Market:
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According to a report titled “Pharmaceutical Industry in India: Invest in Pharma Sector”, published by Invest India, the National Investment Promotion & Facilitation Agency on 22nd March 2021, India’s pharmaceutical industry ranks 3rd in the world for production by volume and 14th by value, while the country has the largest number of US-FDA-compliant pharma plants outside the United States. This explains why softgel capsule suppliers are drawn towards India in order to increase their sales footprint.
Which Product Accounts for High Revenue of Softgel Capsule Market Providers?
Presently, gelatin softgel capsules are the most sought-after in terms of product, and are set to remain in the leading position through 2031. Various features make them highly preferred across diverse end uses, such as-
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Check out more studies related to capsules for medical/pharmaceutical usage, conducted by Fact.MR:
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