Non-Animal Softgel Capsule Market Size, Share, Growth, Trends, and Global Industry Analysis: By Material Type (Starch, Carrageenan-Starch Blends, and Others), By Application (Pharmaceuticals, Healthcare Supplements, Others), and Region  

Non-Animal Softgel Capsule Market was valued at US$ 583.7 million in 2023 and is poised to grow at a significant CAGR of 7.2% over 2024-2030. The global market for non-animal soft gel capsules is anticipated to rise due to the rising availability of vegetarian soft gel capsules and the rising demand for plant-based softgel capsules from pharmaceutical and nutraceutical companies. Today's healthcare companies operate in a dynamic environment undergoing seismic changes due to the advent of cutting-edge medical procedures and increasing internet usage. Astute patients have become more cautious due to this and unmatched online access to incredible volumes of information. There is a growing demand for intelligent, reasonably priced, and customized healthcare services. The overall consumer trend in the health sector indicates an increased demand for natural products and cutting-edge dosage techniques.

The absence of gelatin derived from animal waste gives vegetarian soft gels a significant benefit. These soft starch gels can be consumed without worrying about contracting an animal disease; thus, vegetarians can use them. The vegetarian soft gels are less brittle even in low humidity since they are chemically stable and have a low moisture content. Companies that produce halal soft gel capsules have received halal certification from the Islamic Food and Nutrition Council of America (IFANCA). It is anticipated that this will generate a substantial market for these pills in nations with most Muslims. Furthermore, the market for plant-based softgel capsules is also seeing a surge in demand for them because of their advantages and uses and the high availability of natural raw ingredients for their formulation. Additionally, a sizable population of health-conscious consumers and an increase in pharmaceutical industry innovations for producing soft gel capsules are two potential catalysts for the market.

Non-Animal Softgel Capsule Market Key Developments:

• In February 2021, Catalent rolled out its CosmoPod Duo soft gel capsule technology for topical skin treatment delivery and other applications. The capsule is made from a type of natural carrageenan that is produced sustainably from seaweed. In addition, the CosmoPod Duo capsule is hermetically sealed to assist in the protection of compositions from light and oxidation while also enhancing stability, in comparison to typical beauty treatments.
• In March 2021, CapsCanada, a subsidiary of a Lyfe Group, introduced the latest liquid-filled hard capsule manufacturing service. With the help of this technology, liquids, suspensions, pastes, semi-solids, and waxy substances can all be filled into gelatin or HPMC vegetarian two-piece capsules