The global softgel capsules market is projected to reach USD 1.5 billion by 2028 from USD 1.1 billion in 2023, at a CAGR of 6.3% during the forecast period. The growth of this market is majorly driven by the benefits of softgel capsules, increasing demand for dietary supplements and nutraceuticals, and rising demand for naturally sourced ingredients. On the other hand, limited acceptance due to cultural restrictions is expected to hinder the growth of this market.
The global softgel capsules market is competitive, with large, medium-sized, and small market players. The global softgel capsules market was dominated by Gelita AG (Germany), PB Leiner (Part of Tessenderlo Group) (Belgium), and Darling Ingredients Inc. (US).