QYResearch: The Sales of Vegetarian softgel capsules increases from 11,100 M Capsules in 2012 to 15,492 M Capsules in 2016
Vegetarian Softgel Capsules is a kind of Softgels, a solid outer shell and inner surrounding a liquid or semi-solid (inner fill) active ingredient that can be incorporated into the outer shell, the inner fill, or both.
Vegetarian Softgels are all-natural, GMO free, plant-based shell, free from animal derivatives, gluten, and modified sugars. Nowadays, Vegetarian Softgels can be divided into several kinds such as Plant Polysaccharides (Pullulan), Starches, and Hydroxyl Propyl Methyl Celluloses. Vegetarian Softgels possess the benefits of suited for Halal or Kosher certification; Pure, clear and elegant appearance with no taste or odor; Ideal for improving the bioavailability of oil soluble ingredients; Easy to swallow, safe, non-carcinogenic and tamper evident, etc.
The Vegetarian softgel capsules industry concentration is high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European. In the world wide, giant manufactures mainly distribute in American and Europe. In order to meet the strong increasing market demand.
According to QYResearch, The Sales of Vegetarian softgel capsules increases from 11,100 M Capsules in 2012 to 15,492 M Capsules in 2016, at a CAGR of more than 8.7%. The sales revenue of Vegetarian softgel capsules increases from 341.73 Million USD in 2012 to 399.51 Million USD in 2016, at a CAGR of more than 3.98%. In 2016, the world Vegetarian softgel capsules production market is led by USA and Europe, while China accounts for 9.03% and Japan accounts for 7.72% in 2016. The key consumption markets locate at developed countries. The United States takes the market share of 41.84%, followed by EU with 25.42% in 2016. China’s consumption market has a quicker growing speed of 51.88% from 2012 to 2016.
QYResearch tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.
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