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: fortunebusinessinsights.com/softgel-capsule.. 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. Segments- Pharmaceutical Companies Segment to Dominate Stoked by Higher Production of Capsules Based on the type, the market is divided into gelatin capsules and non-animal softgel capsules. By the application, it is fragmented into prescription medicines and health & dietary supplements. Lastly, based on manufacturers, it is segmented into pharmaceutical companies, nutraceutical companies, and others. Amongst these, the pharmaceutical companies segment is anticipated to remain at the forefront in the near future because of the increasing production of these capsules by these companies. The pharmaceutical companies segment held 56.4% in terms of the softgel capsules market share in 2020. About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights™ Pvt. Ltd. Pune - 411045, Maharashtra, India.