Vietnam softgel capsules market report Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030
Description
Vietnam Softgel Capsules Market Overview
The Vietnam Softgel Capsules Market is valued at USD 120 million, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for dietary supplements and pharmaceuticals, as consumers seek convenient and effective delivery methods for health products. The rising health consciousness among the population, the expansion of the pharmaceutical industry, and the post-pandemic focus on immunity and preventive care have significantly contributed to the market's growth.
Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their large populations and robust healthcare infrastructure. These urban centers are home to numerous pharmaceutical companies and healthcare providers, facilitating the distribution and accessibility of softgel capsules. Additionally, the growing trend of self-medication, preventive healthcare, and the expansion of modern retail pharmacies in these regions further enhances market demand.
In 2023, the Vietnamese government implemented regulations to ensure the quality and safety of softgel capsules. This includes mandatory compliance with Good Manufacturing Practices (GMP) for manufacturers, as stipulated by Circular No. 35/2018/TT-BYT issued by the Ministry of Health, which sets forth requirements for pharmaceutical production, including softgel capsules. These regulations require manufacturers to adhere to GMP standards for facility management, quality control, and documentation, thereby enhancing product quality and consumer safety. Such regulations are crucial for maintaining industry standards and fostering consumer trust in health products.
Vietnam Softgel Capsules Market Segmentation
By Type:
The market is segmented into various types of softgel capsules, including gelatin-based, non-gelatin (vegetarian), starch-based, pullulan-based, enteric-coated, and others. Gelatin-based softgel capsules dominate the market due to their widespread acceptance, cost-effectiveness, and established manufacturing infrastructure. However, the demand for non-gelatin options is rising, driven by the increasing preference for vegetarian and vegan products among health-conscious consumers, as well as innovations in plant-based capsule technologies.
By Application:
The applications of softgel capsules include pharmaceuticals (prescription medicines), nutraceuticals & dietary supplements, cosmetics & personal care, animal health, and others. The pharmaceutical segment holds a significant share due to the increasing use of softgel capsules for drug delivery, improved bioavailability, and patient compliance. Nutraceuticals are also gaining traction as consumers become more health-conscious and seek dietary supplements in convenient forms, with a notable rise in demand for immunity-boosting and preventive health products.
--- COMPETITIVE LANDSCAPE SECTION ---
Vietnam Softgel Capsules Market Competitive Landscape
The Vietnam Softgel Capsules Market is characterized by a dynamic mix of regional and international players. Leading participants such as Traphaco Joint Stock Company, DHG Pharmaceutical Joint Stock Company (DHG Pharma), Imexpharm Corporation, Hau Giang Pharmaceutical Joint Stock Company, OPC Pharmaceutical Joint Stock Company, Mekophar Chemical Pharmaceutical Joint Stock Company, Lotus Pharmaceutical Co., Ltd., Rohto-Mentholatum (Vietnam) Co., Ltd., STADA-VN Joint Venture Co., Ltd., Mega Lifesciences (Vietnam) Ltd., United International Pharma Co., Ltd. (UIP), Vinh Gia Pharmaceutical Co., Ltd., Nam Duoc Joint Stock Company, Pharmedic Pharmaceutical Medicinal Joint Stock Company, Nature Vietnam Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Traphaco Joint Stock Company
1972
Hanoi, Vietnam
DHG Pharmaceutical Joint Stock Company (DHG Pharma)
1974
Can Tho, Vietnam
Imexpharm Corporation
1997
Dong Thap, Vietnam
Hau Giang Pharmaceutical Joint Stock Company
1974
Can Tho, Vietnam
OPC Pharmaceutical Joint Stock Company
1977
Ho Chi Minh City, Vietnam
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Vietnam Softgel Segment)
Market Share in Vietnam Softgel Capsules Market
Production Capacity (Capsules per Year)
Product Portfolio
eadth (Number of SKUs/Variants)
R&D Investment as % of Revenue
Vietnam Softgel Capsules Market Industry Analysis
Growth Drivers
Increasing Demand for Nutraceuticals:
The Vietnamese nutraceutical market is projected to reach approximately USD 1.5 billion in future, driven by a growing consumer preference for health supplements. This trend is supported by a 15% annual increase in health-conscious spending among Vietnamese households, reflecting a shift towards preventive healthcare. The rise in chronic diseases has further fueled the demand for softgel capsules, which are favored for their ease of consumption and enhanced bioavailability of nutrients.
Rising Health Awareness Among Consumers:
Health awareness in Vietnam has surged, with 70% of the population actively seeking information on health and wellness. This shift is evidenced by a 20% increase in online health-related searches in future. As consumers become more informed about the benefits of dietary supplements, the demand for softgel capsules is expected to rise, particularly among urban populations who prioritize convenience and efficacy in their health products.
Expansion of Pharmaceutical Industry:
Vietnam's pharmaceutical sector is anticipated to grow at a rate of approximately 10% annually, reaching USD 7 billion in future. This expansion is driven by increased foreign investment and the establishment of local manufacturing facilities. As the pharmaceutical industry grows, the demand for softgel capsules as a delivery method for medications and supplements is expected to increase, providing a significant boost to the softgel market in Vietnam.
Market Challenges
Regulatory Compliance Issues:
The Vietnamese softgel market faces stringent regulatory requirements, which can hinder market entry for new players. Compliance with the Ministry of Health's regulations, including Good Manufacturing Practices (GMP), is mandatory. In future, over 30% of local manufacturers reported challenges in meeting these standards, leading to delays in product launches and increased operational costs, which can stifle innovation and market growth.
High Production Costs:
The production of softgel capsules involves significant costs, primarily due to raw material prices and advanced manufacturing technologies. In future, the average cost of raw materials for softgel production rose by 12%, impacting profit margins for manufacturers. This financial strain can limit the ability of companies to invest in marketing and product development, ultimately affecting their competitiveness in the market.
Vietnam Softgel Capsules Market Future Outlook
The future of the Vietnam softgel capsules market appears promising, driven by increasing health consciousness and a growing preference for nutraceuticals. As the pharmaceutical industry expands, manufacturers are likely to innovate and diversify their product offerings. Additionally, the rise of e-commerce platforms is expected to enhance product accessibility, allowing consumers to easily purchase health supplements. This trend, combined with a focus on sustainable practices, will shape the market landscape in the coming years, fostering growth and development.
Market Opportunities
Growth in E-commerce for Health Products:
The e-commerce sector in Vietnam is projected to reach approximately USD 23 billion in future, providing a significant opportunity for softgel capsule manufacturers. With 50% of consumers preferring online shopping for health products, companies can leverage digital platforms to enhance their market reach and engage with a
oader audience, driving sales and
and loyalty.
Development of Customized Softgel Formulations:
There is a growing demand for personalized nutrition solutions, with 40% of consumers expressing interest in tailored supplements. This trend presents an opportunity for manufacturers to develop customized softgel formulations that cater to specific health needs, enhancing consumer satisfaction and potentially increasing market share in a competitive landscape.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
The Vietnam Softgel Capsules Market is valued at USD 120 million, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for dietary supplements and pharmaceuticals, as consumers seek convenient and effective delivery methods for health products. The rising health consciousness among the population, the expansion of the pharmaceutical industry, and the post-pandemic focus on immunity and preventive care have significantly contributed to the market's growth.
Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their large populations and robust healthcare infrastructure. These urban centers are home to numerous pharmaceutical companies and healthcare providers, facilitating the distribution and accessibility of softgel capsules. Additionally, the growing trend of self-medication, preventive healthcare, and the expansion of modern retail pharmacies in these regions further enhances market demand.
In 2023, the Vietnamese government implemented regulations to ensure the quality and safety of softgel capsules. This includes mandatory compliance with Good Manufacturing Practices (GMP) for manufacturers, as stipulated by Circular No. 35/2018/TT-BYT issued by the Ministry of Health, which sets forth requirements for pharmaceutical production, including softgel capsules. These regulations require manufacturers to adhere to GMP standards for facility management, quality control, and documentation, thereby enhancing product quality and consumer safety. Such regulations are crucial for maintaining industry standards and fostering consumer trust in health products.
Vietnam Softgel Capsules Market Segmentation
By Type:
The market is segmented into various types of softgel capsules, including gelatin-based, non-gelatin (vegetarian), starch-based, pullulan-based, enteric-coated, and others. Gelatin-based softgel capsules dominate the market due to their widespread acceptance, cost-effectiveness, and established manufacturing infrastructure. However, the demand for non-gelatin options is rising, driven by the increasing preference for vegetarian and vegan products among health-conscious consumers, as well as innovations in plant-based capsule technologies.
By Application:
The applications of softgel capsules include pharmaceuticals (prescription medicines), nutraceuticals & dietary supplements, cosmetics & personal care, animal health, and others. The pharmaceutical segment holds a significant share due to the increasing use of softgel capsules for drug delivery, improved bioavailability, and patient compliance. Nutraceuticals are also gaining traction as consumers become more health-conscious and seek dietary supplements in convenient forms, with a notable rise in demand for immunity-boosting and preventive health products.
--- COMPETITIVE LANDSCAPE SECTION ---
Vietnam Softgel Capsules Market Competitive Landscape
The Vietnam Softgel Capsules Market is characterized by a dynamic mix of regional and international players. Leading participants such as Traphaco Joint Stock Company, DHG Pharmaceutical Joint Stock Company (DHG Pharma), Imexpharm Corporation, Hau Giang Pharmaceutical Joint Stock Company, OPC Pharmaceutical Joint Stock Company, Mekophar Chemical Pharmaceutical Joint Stock Company, Lotus Pharmaceutical Co., Ltd., Rohto-Mentholatum (Vietnam) Co., Ltd., STADA-VN Joint Venture Co., Ltd., Mega Lifesciences (Vietnam) Ltd., United International Pharma Co., Ltd. (UIP), Vinh Gia Pharmaceutical Co., Ltd., Nam Duoc Joint Stock Company, Pharmedic Pharmaceutical Medicinal Joint Stock Company, Nature Vietnam Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.
Traphaco Joint Stock Company
1972
Hanoi, Vietnam
DHG Pharmaceutical Joint Stock Company (DHG Pharma)
1974
Can Tho, Vietnam
Imexpharm Corporation
1997
Dong Thap, Vietnam
Hau Giang Pharmaceutical Joint Stock Company
1974
Can Tho, Vietnam
OPC Pharmaceutical Joint Stock Company
1977
Ho Chi Minh City, Vietnam
Company
Establishment Year
Headquarters
Group Size (Large, Medium, or Small as per industry convention)
Revenue Growth Rate (Vietnam Softgel Segment)
Market Share in Vietnam Softgel Capsules Market
Production Capacity (Capsules per Year)
Product Portfolio
eadth (Number of SKUs/Variants)
R&D Investment as % of Revenue
Vietnam Softgel Capsules Market Industry Analysis
Growth Drivers
Increasing Demand for Nutraceuticals:
The Vietnamese nutraceutical market is projected to reach approximately USD 1.5 billion in future, driven by a growing consumer preference for health supplements. This trend is supported by a 15% annual increase in health-conscious spending among Vietnamese households, reflecting a shift towards preventive healthcare. The rise in chronic diseases has further fueled the demand for softgel capsules, which are favored for their ease of consumption and enhanced bioavailability of nutrients.
Rising Health Awareness Among Consumers:
Health awareness in Vietnam has surged, with 70% of the population actively seeking information on health and wellness. This shift is evidenced by a 20% increase in online health-related searches in future. As consumers become more informed about the benefits of dietary supplements, the demand for softgel capsules is expected to rise, particularly among urban populations who prioritize convenience and efficacy in their health products.
Expansion of Pharmaceutical Industry:
Vietnam's pharmaceutical sector is anticipated to grow at a rate of approximately 10% annually, reaching USD 7 billion in future. This expansion is driven by increased foreign investment and the establishment of local manufacturing facilities. As the pharmaceutical industry grows, the demand for softgel capsules as a delivery method for medications and supplements is expected to increase, providing a significant boost to the softgel market in Vietnam.
Market Challenges
Regulatory Compliance Issues:
The Vietnamese softgel market faces stringent regulatory requirements, which can hinder market entry for new players. Compliance with the Ministry of Health's regulations, including Good Manufacturing Practices (GMP), is mandatory. In future, over 30% of local manufacturers reported challenges in meeting these standards, leading to delays in product launches and increased operational costs, which can stifle innovation and market growth.
High Production Costs:
The production of softgel capsules involves significant costs, primarily due to raw material prices and advanced manufacturing technologies. In future, the average cost of raw materials for softgel production rose by 12%, impacting profit margins for manufacturers. This financial strain can limit the ability of companies to invest in marketing and product development, ultimately affecting their competitiveness in the market.
Vietnam Softgel Capsules Market Future Outlook
The future of the Vietnam softgel capsules market appears promising, driven by increasing health consciousness and a growing preference for nutraceuticals. As the pharmaceutical industry expands, manufacturers are likely to innovate and diversify their product offerings. Additionally, the rise of e-commerce platforms is expected to enhance product accessibility, allowing consumers to easily purchase health supplements. This trend, combined with a focus on sustainable practices, will shape the market landscape in the coming years, fostering growth and development.
Market Opportunities
Growth in E-commerce for Health Products:
The e-commerce sector in Vietnam is projected to reach approximately USD 23 billion in future, providing a significant opportunity for softgel capsule manufacturers. With 50% of consumers preferring online shopping for health products, companies can leverage digital platforms to enhance their market reach and engage with a
oader audience, driving sales and
and loyalty.
Development of Customized Softgel Formulations:
There is a growing demand for personalized nutrition solutions, with 40% of consumers expressing interest in tailored supplements. This trend presents an opportunity for manufacturers to develop customized softgel formulations that cater to specific health needs, enhancing consumer satisfaction and potentially increasing market share in a competitive landscape.
Please Note: It will take 5-7 business days to complete the report upon order confirmation.
Table of Contents
84 Pages
- 1. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Overview
- 1.1. Definition and Scope
- 1.2. Market Taxonomy
- 1.3. Market Growth Rate
- 1.4. Market Segmentation Overview
- 2. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Size (in USD Bn), 2019–2024
- 2.1. Historical Market Size
- 2.2. Year-on-Year Growth Analysis
- 2.3. Key Market Developments and Milestones
- 3. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Analysis
- 3.1. Growth Drivers
- 3.1.1. Increasing Demand for Nutraceuticals
- 3.1.2. Rising Health Awareness Among Consumers
- 3.1.3. Expansion of Pharmaceutical Industry
- 3.1.4. Technological Advancements in Capsule Production
- 3.2. Restraints
- 3.2.1. Regulatory Compliance Issues
- 3.2.2. High Production Costs
- 3.2.3. Limited Consumer Awareness
- 3.2.4. Competition from Alternative Delivery Forms
- 3.3. Opportunities
- 3.3.1. Growth in E-commerce for Health Products
- 3.3.2. Increasing Export Potential
- 3.3.3. Development of Customized Softgel Formulations
- 3.3.4. Collaborations with Health Professionals
- 3.4. Trends
- 3.4.1. Shift Towards Plant-Based Softgel Capsules
- 3.4.2. Rising Popularity of Personalized Nutrition
- 3.4.3. Increased Focus on Sustainable Packaging
- 3.4.4. Growth of Online Health and Wellness Platforms
- 3.5. Government Regulation
- 3.5.1. Stricter Quality Control Standards
- 3.5.2. New Labeling Requirements
- 3.5.3. Import Tariffs on Raw Materials
- 3.5.4. Support for Local Manufacturing Initiatives
- 3.6. SWOT Analysis
- 3.7. Stakeholder Ecosystem
- 3.8. Competition Ecosystem
- 4. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Segmentation, 2024
- 4.1. By Type (in Value %)
- 4.1.1. Gelatin-Based Softgel Capsules
- 4.1.2. Non-Gelatin (Vegetarian) Softgel Capsules
- 4.1.3. Starch-Based Softgel Capsules
- 4.1.4. Pullulan-Based Softgel Capsules
- 4.1.5. Enteric-Coated Softgel Capsules
- 4.1.6. Others
- 4.2. By Application (in Value %)
- 4.2.1. Pharmaceuticals (Prescription Medicines)
- 4.2.2. Nutraceuticals & Dietary Supplements
- 4.2.3. Cosmetics & Personal Care
- 4.2.4. Animal Health
- 4.2.5. Others
- 4.3. By End-User (in Value %)
- 4.3.1. Pharmaceutical Companies
- 4.3.2. Nutraceutical Manufacturers
- 4.3.3. Healthcare Providers
- 4.3.4. Retail Pharmacies
- 4.3.5. Online Retailers
- 4.3.6. Others
- 4.4. By Distribution Channel (in Value %)
- 4.4.1. Direct Sales
- 4.4.2. Wholesalers/Distributors
- 4.4.3. Pharmacies & Drug Stores
- 4.4.4. E-commerce
- 4.4.5. Others
- 4.5. By Price Range (in Value %)
- 4.5.1. Low Price
- 4.5.2. Mid Price
- 4.5.3. Premium Price
- 4.6. By Region (in Value %)
- 4.6.1. Northern Vietnam
- 4.6.2. Central Vietnam
- 4.6.3. Southern Vietnam
- 4.6.4. Others
- 5. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Cross Comparison
- 5.1. Detailed Profiles of Major Companies
- 5.1.1. Traphaco Joint Stock Company
- 5.1.2. DHG Pharmaceutical Joint Stock Company (DHG Pharma)
- 5.1.3. Imexpharm Corporation
- 5.1.4. Hau Giang Pharmaceutical Joint Stock Company
- 5.1.5. OPC Pharmaceutical Joint Stock Company
- 5.2. Cross Comparison Parameters
- 5.2.1. Revenue Growth Rate
- 5.2.2. Market Share in Vietnam Softgel Capsules Market
- 5.2.3. Production Capacity (Capsules per Year)
- 5.2.4. R&D Investment as % of Revenue
- 5.2.5. Distribution Network Coverage (Number of Provinces/Channels)
- 6. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Regulatory Framework
- 6.1. Compliance Requirements and Audits
- 6.2. Certification Processes
- 7. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Size (in USD Bn), 2025–2030
- 7.1. Future Market Size Projections
- 7.2. Key Factors Driving Future Market Growth
- 8. Vietnam softgel capsules Size, Share, Growth Drivers, Trends, Opportunities & – Market Future Segmentation, 2030
- 8.1. By Type (in Value %)
- 8.2. By Application (in Value %)
- 8.3. By End-User (in Value %)
- 8.4. By Distribution Channel (in Value %)
- 8.5. By Price Range (in Value %)
- 8.6. By Region (in Value %)
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