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The global softgel capsules market size was valued at $4.4 billion in 2021, and is projected to reach $7.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
The factors which drive global softgel capsules market growth during the forecast period include an increase in R&D activities to support usage of softgel capsules, a surge in demand for softgel health supplements, a rise in consumer awareness related to preventative healthcare, and a proliferation of distribution channels. Furthermore, improvement in lifestyle pattern, rise in geriatric population, and increase in number of self-directed consumers are factors that are fueling market growth.
Rapid development of the e-commerce platforms is responsible for market growth. For instance, amazon data suggests that softgel supplements collectively generate a revenue of about USD 9 million/a month on an average in the US alone.
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Soft gels are a popular form of supplement delivery
among people for several reasons