Thailand Softgel Capsules Market Size & Outlook, 2022-2030
Thailand softgel capsules market, 2018-2030 (US$M)
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Thailand softgel capsules market highlights
- The Thailand softgel capsules market generated a revenue of USD 116.4 million in 2022 and is expected to reach USD 189.3 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.3% 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 116.4 million |
| Market revenue in 2030 | USD 189.3 million |
| Growth rate | 6.3% (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, Thailand accounted for 1.5% 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 Asia Pacific, China softgel capsules market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 917.8 million by 2030.
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Softgel Capsules Market Scope
Softgel Capsules Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 73.2% in 2022. Horizon Databook has segmented the Thailand 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 Thailand held a market share of 8.72% in 2021. This can be attributed to huge demand for medical tourism, increase in patient population, and rise in government healthcare funding. Thailand is known for medical tourism as the cost of treatment in the country is almost a tenth of their prices in expensive countries like the U.S., the UK, and Australia.
The country is also home to many internationally accredited hospitals, which uses the latest technologies and provides high-quality care to its patients. In addition, the soft gel capsules market in the country is likely to continue to hold dominant market share during the forecast period owing to growing consumption of dietary supplements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand softgel capsules market , including forecasts for subscribers. This country databook contains high-level insights into Thailand softgel capsules market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand softgel capsules market size, by type, 2018-2030 (US$M)
Thailand Softgel Capsules Market Outlook Share, 2022 & 2030 (US$M)
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