Brazil Softgel Capsules Market Size & Outlook, 2022-2030
Brazil softgel capsules market, 2018-2030 (US$M)
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Brazil softgel capsules market highlights
- The Brazil softgel capsules market generated a revenue of USD 338.9 million in 2022 and is expected to reach USD 569.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, gelatin-based/animal-based was the largest revenue generating type in 2022.
- Non-Animal-Based is the most lucrative type segment registering the fastest growth during the forecast period.
Softgel capsules market data book summary
| Market revenue in 2022 | USD 338.9 million |
| Market revenue in 2030 | USD 569.2 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Gelatin-based/animal-based |
| Fastest growing segment | Non-Animal-Based |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gelatin-Based/Animal-Based, Non-Animal-Based |
| Key market players worldwide | Thermo Fisher Scientific Inc, EyePoint Pharmaceuticals Inc, Catalent Inc, Kuehne + Nagel International AG, Lonza Group Ltd, Procaps Group SA, Soft Gel Technologies, EuroCaps, Captek Softgel International, Sirio Pharma, Fuji Capsule |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.4% of the global softgel capsules market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico softgel capsules market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 634.9 million by 2030.
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Softgel Capsules Market Scope
Softgel Capsules Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil softgel capsules market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to softgel capsules market will help companies and investors design strategic landscapes.
Gelatin-based/animal-based was the largest segment with a revenue share of 76.34% in 2022. Horizon Databook has segmented the Brazil softgel capsules market based on gelatin-based/animal-based, non-animal-based covering the revenue growth of each sub-segment from 2018 to 2030.
The softgel capsules market in Brazil is estimated to witness growth in the coming years owing to increase in the number of healthcare reforms and healthcare expenditure. Brazil is also known to be the largest pharmaceutical market in Latin America and became the seventh biggest market in the world.
Factors such as large population, increase in the number of older people, and tendency to expand in the public & private healthcare systems are offering lucrative growth opportunities for innovation and launch of new products. In addition, favorable regulatory scenario is leading to increase in investments by new and existing pharmaceutical companies.
For instance, in June 2020, Catalent expanded its beauty and plantbased consumer health softgel capabilities at its facilities in Brazil. Thus, the abovementioned factors are likely to boost market growth during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil softgel capsules market , including forecasts for subscribers. This country databook contains high-level insights into Brazil softgel capsules market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil softgel capsules market size, by type, 2018-2030 (US$M)
Brazil Softgel Capsules Market Outlook Share, 2022 & 2030 (US$M)
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