Softgels Dietary Supplements Market is Forecast to Expand Data Over Healthy CAGR of More Than 7% over the Coming 10 years.
Fact.MR’s latest study on the Softgels Dietary Supplements Marketprovide compelling insights into critical trend and opportunities creating the demand prospects during the assessment period. It also highlights potential sales pockets in terms of taxonomy including By Ingredient (Amino Acid Softgel Dietary Supplements,Botanical Softgel Dietary Supplements) By By End-User(Softgel Dietary Supplements for Geriatric Population,Softgel Dietary Supplements for Pregnant Women)
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Of late, consumers who are in search of nutrition in different food products, have showed immense interest in dietary supplements. With a fast-paced life, following a meal plan and establishing a balance between intakes of several nutrients have become tough for consumers.
This has consequently swelled the demand for dietary supplements in various formats. Unlike powder or liquid variants, softgel dietary supplements can be consumed without any preparation, due to which, they account for over half of the overall dietary supplements market.
As per a revised report published by Fact.MR, the global softgel dietary supplements market is anticipated to exceed a valuation of US$ 75.8 Bn by 2021, and expand at an impressive CAGR of more than 7% over the forecast period of 2021 to 2031.
Key Takeaways from Market Study
- In 2020, North America and Europe together generated over 60% of the global market for softgel dietary supplements.
- Vitamin and mineral-basedsoftgel dietary supplements accounted for over half of the globalmarket share in 2020. These supplements are also expected to remain the most attractive, with an absolute dollar opportunity of around US$ 15 Bnfrom 2021 to 2031.
- Based on application, softgel dietary supplements for bone and joint health is anticipated to be the most sought-after with a BPS of 279.1.
- Based on end user, the children segment is expected to grow 2.1X during the projection period, which is the highest among others
- Tier-1 companies such as BASF, Du Pont, Abbott, Bayer, and Glaxo SmithKline together accounted for around 37% of global revenue in 2020.
“With increasing intake of dietary supplements, competitors have been formulating targeted strategies for different variants of their offerings. With concern regarding nutrition coupled with affordability of supplements, millennials are the most sought-after customers of softgel dietary supplements,”says a Fact.MR analyst.
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|Historical Data Available for||2012-2020|
|Market Analysis||US$ Mn for Value|
|Key Regions Covered||North AmericaLatin AmericaEuropeMEAEast AsiaSouth AsiaOceania|
|Key Countries Covered||United StatesCanadaBrazilMexicoGermanyU.K.FranceSpainItalyBENELUXSouth AfricaGCC CountriesChinaJapanSouth KoreaIndiaIndonesiaMalaysiaSingaporeAustraliaNew Zealand|
|Key Segments Covered||IngredientApplicationEnd UseSales ChannelRegion|
|Key Companies Profiled||BASF SEDuPont de Nemours, Inc.Abbott LaboratoriesBayer AGGlaxoSmithKline LimitedHerbalife InternationalRoyal DSM N.V.Glanbia PlcNow FoodsThe Nature’s Bounty Co.Amway Enterprises|
|Pricing||Available upon Request|
Key Market Segments Covered
- By Ingredient
- Amino Acid Softgel Dietary Supplements
- Botanical Softgel Dietary Supplements
- Vitamin- & Mineral-based Softgel Dietary Supplements
- By Application
- Softgel Dietary Supplements for Bone and Joint Health
- Softgel Dietary Supplements for General Well-being
- Softgel Dietary Supplements for Heart Health
- Softgel Dietary Supplements for Immune Health and Digestive Health
- Softgel Dietary Supplements for Sports Nutrition
- Softgel Dietary Supplements for Weight Loss
- By End-UserSoftgel Dietary Supplements for Adults
- Softgel Dietary Supplements for Geriatric Population
- Softgel Dietary Supplements for Pregnant Women
- Softgel Dietary Supplements for Children
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The Softgels Dietary Supplements Market report answers important questions which include:
- What does the status of the Softgels Dietary Supplements Market?
- Softgels Dietary Supplements Market look like after the forecast period?
- Which region has the highest contribution to the global Softgels Dietary Supplements Market and why?
- Which players remain at the top of the Softgels Dietary Supplements Market?
- What opportunities are available for the Softgels Dietary Supplements Market players to expand their production footprint?
- Which segment has the maximum impact on the Softgels Dietary Supplements Market?
For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html
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