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Vegan (Vegetarian) Softgel Capsules Market by Product (Carrageenan, Hydroxypropyl Methylcellulose, Pullulan, Starch, Others) by Application (Health Supplements, Pharmaceutical, Nutracosmetics, Others): Growth, Trends, Covid-19 Impact and Forecast 2015 – 2027

Published: | Report ID: 11488 | Report Format : PDF

Market Insights:

Vegan (Vegetarian) Softgel Capsules are oral dosages of medicines and nutritional supplements delivered in the form of capsules. They are made from starch, pullulan, and hydroxypropyl methylcellulose. Vegan soft gel capsules do not contain gluten or modified sugars. They are chemically stable and conceal the taste and odor of the ingredients inside. The vegan (vegetarian) soft gel capsules market is expected to generate revenues of around USD 423.4 million in 2027, up from USD 218.7 million in 2020. The vegan (vegetarian) soft gel capsules market is poised to experience a CAGR of over 3.8% during the forecast period.

Increasing vegan population

Vegan soft gel capsules have been around for a while, but the demand is swelling on account of increasing consumer preference for vegan soft gel capsules. Increasing awareness among people regarding health and fitness is transitioning a large number of people to a vegetarian diet. However, these people also require health supplements. As the diet is shifted to vegan, the end-users are also sticking to vegan health supplements. This is likely to boost the demand for vegan soft gel capsules around the world.

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The abundance of natural raw materials

Vegan soft gel capsules are made up of completely natural and plant-based raw materials, including starch, water, cellulose, carrageenan, plasticizing agents, etc. These raw materials are available in abundance and can be easily accessed by manufacturers of vegan soft gel capsules all around the world. Vegan soft gel capsules manufactured using natural raw materials exhibit superior performance as compared to a traditionally available soft gel. The European Union Pharmacopeia has recognized it as the most suitable soft gel capsule for medicines as well as neutraceutical applications. In order to leverage the growing trend of vegan soft gel capsules, one of the leading manufacturers has revealed its innovative, pea-starch-based vegan soft gel capsule, named LYCAGEL. According to Roquette, vegan soft gel capsules LYCAGEL deliver excellent properties and better processability. Local offers good seal integrity, strength, quick drying, good stability at higher temperatures, and flexibility of formulations into different sizes and shapes.

Impact of COVID-19

COVID-19 has had a significant impact on the global vegan (vegetarian) soft gel capsule industry. It impacted the sales of vegan (vegetarian) soft gel capsules during the initial period of the COVID-19 restriction, which affected the production and distribution of vegan soft gel capsules. The e-commerce platforms helped significantly in improving sales when production improved. The increased adoption of a plant-based diet by people during the lockdown positively impacted the market. The vegan soft gel capsules market is anticipated to grow significantly during the forecast period as the vegan population is increasing considerably every year.

North America to dominate the global vegan (vegetarian) soft gel capsule market

North America has always been at the forefront when it comes to the adoption of new technologies. Likewise, the region has also demonstrated the early pickup and lift of the use of vegan soft gel capsules. At present, North America is governing global demand for vegan soft gel capsules, with over 38% of the total revenue generated by the global market in 2020. However, Europe is also picking up the pace with the growing vegan trend in the region. Following in the footsteps of North America, Europe has gained a considerable share of the global market for vegan soft gel capsules. Asia Pacific is also expected to gain momentum over the forecast period, with increasing penetration into China, India, Japan, Australia, South Korea, and ASEAN.

Softens are always great data they format for supplements in the United States. Softgels are considered to be the easiest form of supplement delivery. Softgels has madofit possible vegan soft gel capsules and various supplements, including omega three global 2020, which are Dunvegan soft gels capsules, ts sold in U.S.of held in soft gel format. Most of these soft gels are made of animal-based raw matter. Picking upper is hug with themand for vegan soft gel capsules in U.S. and around footsteps to maintan vegan diet of end-users.

Softgelses Ahead for Vegan Softgel Capsules

Despite all the benefits extended by vegan soft gel capsules, there are certain aspects on which the industry needs to focus. At present, vegan soft gel capsules are more expensive compared to those made with animal gelatin. Secondly, it is a very complicated process to manufacture vegan soft gel capsules. Secondly, the technology available is very capital-intensive, with a very limited number of players. Finally, stringent and constant evolution in regulations across the world is likely to hamper the market growth.

Health Supplements to Mobilize the Demanvegano Softgel Capsules

Health supplements, pharmaceuticals, and nutraceuticals are the major applications of vegan soft gel capsules. The increasing awareness about fitness and health has led many individuals to adopt healthy lifestyles, fitness programs, and diets. Plant-based diets do not fulfill all the nutritional requirements of many individuals. Health or nutritional supplements provide the required nutrition. People following plant-based diets prefer vegan soft gel capsules.

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Supplementing with Vegetarian Populationutraceuticals for Vegan (Vegetarian) Softgel Capsules

Three percent of global consumers identify themselves as vegan, and that number is increasing considerably with each passing year. The health issues related to meat and dairy products and the ethical views towards the cruelty against animals in the food industry are leading more people to become vegans. There are more than 375 million vegetarians who avoid meat products but use dairy products. They rely on nutritional supplements to attain the necessary nutrition. Pharmaceutical and nutraceutical companies are providing an alternative to gelatin-based drugs and health supplements for vegans and vegetarians.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Vegan (Vegetarian) Softgel Capsules Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Vegan (Vegetarian) Softgel Capsules Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Product
3.3.2.Application
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Vegan (Vegetarian) Softgel Capsules Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Carrageenan
6.2.3.Hydroxypropyl Methylcellulose
6.2.4.Pullulan
6.2.5.Starch
6.2.6.Others
6.3.North America Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Health Supplements
6.3.3.Pharmaceutical
6.3.4.Nutracosmetics
6.3.5.Others

7.Europe

7.1.Europe Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Carrageenan
7.2.3.Hydroxypropyl Methylcellulose
7.2.4.Pullulan
7.2.5.Starch
7.2.6.Others
7.3.Europe Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Health Supplements
7.3.3.Pharmaceutical
7.3.4.Nutracosmetics
7.3.5.Others

8.Asia Pacific

8.1.Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Carrageenan
8.2.3.Hydroxypropyl Methylcellulose
8.2.4.Pullulan
8.2.5.Starch
8.2.6.Others
8.3.Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Health Supplements
8.3.3.Pharmaceutical
8.3.4.Nutracosmetics
8.3.5.Others

9.Latin America

9.1.Latin America Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Carrageenan
9.2.3.Hydroxypropyl Methylcellulose
9.2.4.Pullulan
9.2.5.Starch
9.2.6.Others
9.3.Latin America Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Health Supplements
9.3.3.Pharmaceutical
9.3.4.Nutracosmetics
9.3.5.Others

10.Middle East

10.1.Middle East Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Carrageenan
10.2.3.Hydroxypropyl Methylcellulose
10.2.4.Pullulan
10.2.5.Starch
10.2.6.Others
10.3.Middle East Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Health Supplements
10.3.3.Pharmaceutical
10.3.4.Nutracosmetics
10.3.5.Others

11.Africa

11.1.Africa Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Carrageenan
11.2.3.Hydroxypropyl Methylcellulose
11.2.4.Pullulan
11.2.5.Starch
11.2.6.Others
11.3.Africa Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Health Supplements
11.3.3.Pharmaceutical
11.3.4.Nutracosmetics
11.3.5.Others

12.Global

12.1.Global Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Carrageenan
12.1.3.Hydroxypropyl Methylcellulose
12.1.4.Pullulan
12.1.5.Starch
12.1.6.Others
12.2.Global Vegan (Vegetarian) Softgel Capsules Market, By Application, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Health Supplements
12.2.3.Pharmaceutical
12.2.4.Nutracosmetics
12.2.5.Others

13.Company Profiles

13.1.Aenova Group
13.2.Bahrain Pharma
13.3.Best Formulations Inc
13.4.Captek Softgel International Inc
13.5.Catalent Inc
13.6.EuroCaps Ltd
13.7.Hunan ER-Kang Pharmaceutical Co Ltd
13.8.Procaps Laboratories
13.9.Robinson Pharma Inc
13.10.Sirio Pharma Co Ltd
13.11.Others

 

List of Figures

FIG. 1 Global Vegan (Vegetarian) Softgel Capsules Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Vegan (Vegetarian) Softgel Capsules Market Segmentation
FIG. 4 Global Vegan (Vegetarian) Softgel Capsules Market, by Product, 2019 (US$ Bn)
FIG. 5 Global Vegan (Vegetarian) Softgel Capsules Market, by Application, 2019 (US$ Bn)
FIG. 6 Global Vegan (Vegetarian) Softgel Capsules Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Vegan (Vegetarian) Softgel Capsules Market Manufacturers, 2019
FIG. 9 Global Vegan (Vegetarian) Softgel Capsules Market Value Contribution, By Product, 2019 & 2027 (Value %)
FIG. 10 Global Vegan (Vegetarian) Softgel Capsules Market, by Product 1, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Vegan (Vegetarian) Softgel Capsules Market, by Product 2, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Vegan (Vegetarian) Softgel Capsules Market, by Product 3, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Vegan (Vegetarian) Softgel Capsules Market, by Product 4, Value, 2015-2027 (US$ Bn)
FIG. 14 Global Vegan (Vegetarian) Softgel Capsules Market, by Product 5, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Vegan (Vegetarian) Softgel Capsules Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Vegan (Vegetarian) Softgel Capsules Market Value Contribution, By Application, 2019 & 2027 (Value %)
FIG. 17 Global Vegan (Vegetarian) Softgel Capsules Market, by Application 1, Value, 2015-2027 (US$ Bn)
FIG. 18 Global Vegan (Vegetarian) Softgel Capsules Market, by Application 2, Value, 2015-2027 (US$ Bn)
FIG. 19 Global Vegan (Vegetarian) Softgel Capsules Market, by Application 3, Value, 2015-2027 (US$ Bn)
FIG. 20 Global Vegan (Vegetarian) Softgel Capsules Market, by Application 4, Value, 2015-2027 (US$ Bn)
FIG. 21 Global Vegan (Vegetarian) Softgel Capsules Market, by Application 5, Value, 2015-2027 (US$ Bn)
FIG. 22 Global Vegan (Vegetarian) Softgel Capsules Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 23 U.S. Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 24Rest of North America Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn )
FIG. 25 U.K. Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 26 Germany Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 27 France Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 28 Rest of Europe Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 29 Japan Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 30 China Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 31 India Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 32 Rest of Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 33 Middle East & Africa Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)
FIG. 34 Latin America Vegan (Vegetarian) Softgel Capsules Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Vegan (Vegetarian) Softgel Capsules Market

TABLE 2Global Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 3Global Vegan (Vegetarian) Softgel Capsules Market, by Application, 2015-2027 (US$ Bn)
TABLE 4Global Vegan (Vegetarian) Softgel Capsules Market, by Technology, 2015-2027 (US$ Bn)
TABLE 5Global Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 6Global Vegan (Vegetarian) Softgel Capsules Market, by Geography, 2015-2027 (US$ Bn)
TABLE 7North America Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 8North America Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 9North America Vegan (Vegetarian) Softgel Capsules Market, by Country, 2015-2027 (US$ Bn)
TABLE 10Europe Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 11Europe Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 12Europe Vegan (Vegetarian) Softgel Capsules Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 15Asia Pacific Vegan (Vegetarian) Softgel Capsules Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 16Latin America Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 17Latin America Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 18Latin America Vegan (Vegetarian) Softgel Capsules Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 19Middle East Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 20Middle East Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 21Middle East Vegan (Vegetarian) Softgel Capsules Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 22Africa Vegan (Vegetarian) Softgel Capsules Market, by Product, 2015-2027 (US$ Bn)
TABLE 23Africa Vegan (Vegetarian) Softgel Capsules Market, by End-user, 2015-2027 (US$ Bn)
TABLE 24Africa Vegan (Vegetarian) Softgel Capsules Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 25Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

Which are the leading brands of Vegan (Vegetarian) Softgel Capsules?

LYCAGEL (Roquette) and SeaGel (DuPont) are leading vegal softgel capsule brands in the world

Are Vegan (Vegetarian) Softgel Capsules are completely natural?

Vegan (Vegetarian) Softgel Capsules are completely made from naturally derived plant based raw materials and hence 100% vegetarian

Who are the top five players in the global Vegan (Vegetarian) Softgel Capsules industry?

Some of the leading manufacturers of Vegan (Vegetarian) Softgel Capsules include but not limited to Roquette, DuPont, Aenova Group and Bahrain Pharma

Which is the fastest growing application market for global Vegan (Vegetarian) Softgel Capsules industry?

Healthcare supplements is one of the leading application market with huge growth potential in the fiture. At present, it accounted for over 40% share in total demand for Vegan (Vegetarian) Softgel Capsules

Which are the niche markets for the growth of Vegan (Vegetarian) Softgel Capsules?

Egypt, Israel, Saudi Arabia, UAE, etc. are niche markets with better growth prospects for Vegan (Vegetarian) Softgel Capsules. Halal and Kosher certified products are most likely to find good ground in Egypt, KSA, UAE and Israel

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