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Softgel Capsules Market Size, Share, Trends and Growth

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The global softgel capsules market stood at USD 6.52 billion in 2020. The rising launch of vegan products by numerous renowned companies across the globe is set to affect growth positively. As these are 100% and do not have any potential health risk, their demand is surging rapidly. For instance, in November 2020, Aenova unveiled its latest vegan soft capsules called VegaGels. They conform to the Chinese, E.U., and U.S. regulatory specifications. This information is given by Fortune Business Insights™ in a new study, titled, “Softgel Capsules Market, 2021-2027.” As per the study, the market size is projected to grow from USD 6.94 billion in 2021 to USD 9.59 billion in 2027 at a CAGR of 5.5% in the forecast period.

For more Information: https://www.fortunebusinessinsights.com/softgel-capsules-market-103353

Surging Demand for Vitamins to Avoid Transmission of COVID-19 will Favor Growth

The COVID-19 pandemic has severely affected the supply chain of numerous companies worldwide, thereby impacting the healthcare sector. But, it has showcased a positive effect on the softgel capsules industry because of the high demand for diet supplements and vitamins to prevent transmission of the coronavirus. We are offering accurate research reports to help you better understand the current situation.

Regional Insights-

North America to Lead Owing to Rising Launch of Novel Products by Manufacturers

Geographically, North America procured USD 2.29 billion in terms of revenue in 2020. This growth is attributable to the increasing launch of unique products by reputed manufacturers of these capsules in the region. In Europe, the market is anticipated to grow considerably on account of the surging investments by various countries in R&D activities. Asia Pacific is estimated to showcase the highest CAGR throughout the forthcoming years because of the rising incidence of chronic ailments.