Starch Softgel Capsules Market Size, Trends and Growth Analysis by 2027

In 2019, the market for starch softgel capsules was valued at approximately US$ 382.67 million and is anticipated to grow to around US$ 548.29 million by 2027, reflecting a compound annual growth rate (CAGR) of 4.7% from 2020 to 2027.

The expansion of the starch softgel capsules market can be primarily linked to several key factors, including the increasing availability of vegetarian softgel options and the growing inclination of pharmaceutical and nutraceutical companies towards utilizing softgel capsules. Nevertheless, the market may face challenges due to the complexities involved in optimizing cellulose and starch for active pharmaceutical ingredient (API) delivery throughout the forecast period.

Starch softgel capsules are typically sourced from natural ingredients and are utilized as dietary supplements for individuals dealing with various health issues. These capsules are generally free from genetic modifications and are produced in compliance with rigorous quality standards. They are available in both gelatin and non-gelatin formulations, catering to the preferences of both vegetarians and non-vegetarians. Softgel capsules represent one of the most prevalent oral dosage forms in the pharmaceutical and nutraceutical sectors.

Recently, vegetarian softgel capsules have gained significant attention in the market. These capsules serve as an excellent alternative for consumers seeking non-gelatin options. Manufacturers are increasingly focused on distinguishing their products and brands in a competitive and expanding market. Beyond their use in pharmaceutical applications, vegetarian softgel capsules are often favored for encapsulating nutritional supplements. They provide the advantages of traditional gelatin capsules while also offering additional benefits. These enhancements contribute to their superiority over conventional options, thus fostering market growth during the forecast period. According to EXPO MILANO 2016, over 375 million individuals worldwide identify as vegetarians. Furthermore, data from The Vegan Society (TVS) and Google Trends indicates that interest in veganism has surged sevenfold from 2014 to 2019. Consequently, the rising preference for vegetarian diets and health supplements is expected to drive the increased production of vegetarian softgel capsules, further propelling market growth in the coming years.

The market is categorized by application into health supplements, pharmaceuticals, and other uses. In 2019, the health supplements segment commanded the largest market share and is projected to experience the fastest growth rate during the forecast period.
 
Regarding distribution channels, the global starch softgel capsules market is divided into supermarkets and hypermarkets, pharmacies and drugstores, and online retailers. In 2019, the pharmacy and drugstore segment held the largest market share, while the online retail segment is expected to exhibit the highest CAGR throughout the forecast period.

Key sources for this report include the World Health Organization (WHO), the Food and Drug Administration (FDA), The Vegan Society (TVS), and the Islamic Food and Nutrition Council of America, which provided essential primary and secondary data.