Dublin, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The global softgels dietary supplements market is projected to grow at a staggering 7% value CAGR, reaching US$ 15.8 Billion, following an assessment period ranging from 2022-2032. As per a newly published report on this industry by Fact.MR, a valuation of US$ 8.03 Billion has been anticipated during FY 2022.
From 2017-2021, demand for softgels dietary supplements flourished at a growth rate of 6.5%, concluding at US$ 7.5 Billion. The extensive application of dietary supplements by athletes and sportsmen is leading to the augmented sales of softgels dietary supplements. The growing emphasis on clean-label ingredients and rising awareness about health benefits associated with the intake of these supplements is further likely to fuel market growth.
Over the past two to three years, the unprecedented occurrence of covid-19 hurt the health and encouraged a complete shift towards consumption of a healthy diet and additional supplements to fulfill vitamin deficiency. Besides this, stringent regulations are likely to boost the products labeled with clean label tags. These tags ensure adulterant-free ingredients that may hamper human health.
Get a Sample PDF of This Research Report with a Detailed Table of Content:
https://www.factmr.com/connectus/sample?flag=S&rep_id=41
Adoption of Clean Label Ingredients is Likely to Offer Huge Traction to the Sales of Softgels Dietary Supplements
According to the Food Insider Journal, around 75% of consumers are willing to pay extra for clean-label ingredients. Clean label is a consumer-driven movement demanding a return to real food and transparency through authenticity. Dietary supplements, this means that they should contain natural, familiar, and simple ingredients that are easy to recognize, understand, and pronounce.
Several products with a clean label tag have been launched in the past few years. These products have gained traction as they cater to changing consumer preferences. For instance, In Aug 2021, Lonza launched its latest dosage form innovation, with supplements manufacturers now able to choose from a range of vibrant, clean label colorants when selecting its Capsugel Vcaps Plus plant-based capsules.
Key Takeaways from the Market Study
- Global softgels dietary supplements market to expand nearly 2x from 2022-2032
- Vitamin & minerals based softgels dietary supplements to be the most sought-after component, flourishing at a 6.5% CAGR
- By application, softgels dietary supplements for general well-being is likely to register a CAGR of 6.6%
- The U.S to emerge as one of the most opportunistic markets, witnessing a significant growth rate throughout the forecast period 2022-2032
- China, Japan & South Korea to flourish at CAGRs of 25%, 22.5%, and 21.4% respectively
Speak to Analyst:
https://www.factmr.com/connectus/sample?flag=AE&rep_id=41
Key Segments Covered in the Softgels Dietary Supplements Industry Report
- By Ingredient :
- Amino Acid Softgels Dietary Supplements
- Botanical Softgels Dietary Supplements
- Vitamin-& Mineral-based Softgels Dietary Supplements
- Others
- By Application :
- Bone and Joint Health
- General Well-being
- Heart Health
- Immune Health and Digestive Health
- Sports Nutrition
- Weight Loss
- Others
- By End User :
- Adults
- Geriatric Population
- Pregnant Women
- Children
- By Sales Channel :
- Softgels Dietary Supplements Sales via Modern Trade
- Softgels Dietary Supplements Sales via Drug Stores & Pharmacies
- Softgels Dietary Supplements Sales via Health & Beauty Stores
- Softgels Dietary Supplements Sales via Online Retail
- Softgels Dietary Supplements Sales via Other Sales Channels
- By Region :
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Quick Buy: Softgels Dietary Supplements Market Research Report:
https://www.factmr.com/checkout/41
Competitive Landscape
Prominent service providers are taking advantage of the rapidly digitizing landscape to introduce new services equipped with cutting-edge innovative technology. Some notable developments are as follows:
- In February 2022, Amway India launched nutrition supplements in trendy, tasty, convenient, and simplified formats like flavorful gummies and mouth-dissolving jelly strips under its flagship brand Nutrilite.
This new range of products is designed to suit modern lifestyles, especially of the busy young millennials, this range of on-the-go nutrition supplements is all set to further strengthen Amway’s nutrition portfolio. - In October 2021, Nestlé Health Science has completed its acquisition of the core brands of The Bountiful Company, including Nature’s Bounty, Solgar, Osteo Bi-Flex, Puritan’s Pride, Ester-C, and Sundown. The $5.75 billion deal had been announced on April 30.
- In September 2021, Prorganiqan India-based supplements manufacturer announced the launch of 24-in-1 mega superfoods dietary supplements. These will be packed with various essential greens, veggies, fruits, and herbs, and will deliver improvement in general health and well-being.
- In October 2021, Herbalife introduced a relaxation tea as well as new immunity essentials, formulated with lemon balm, to fight stress.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global Softgels Dietary Supplements market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on Ingredients (amino acid, botanical, vitamin- & mineral-based, others), application (bone and joint health, general well-being, heart health, immune health, and digestive health, sports nutrition, weight loss, others), end user (adults, geriatric population, pregnant women, children) and sales channel (modern trade, drug stores & pharmacies, health & beauty stores, online retail and others) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa).
Check out more related studies published by Fact.MR Research:
Europe Softgels Dietary Supplements Market - The Europe softgels dietary supplements market is projected to grow at the rate of 6.8% to reach a valuation of US$ 32 Billion by 2032 from US$ 16.56 Billion in 2022. Growth in the market is attributed to the burgeoning treatment cost of diseases like bronchitis, and diabetes, along with the increased spending on healthcare rise.
Dietary Supplements Market - The global dietary supplements market is anticipated to secure a market value of US$D 163 Bn in 2022 and reach US$ 351 Bn by 2032. The projected growth rate is 8% during the forecast period. The growth of the market can be credited to increasing health awareness, the adoption of a healthy diet, and the increasing geriatric population.
Liquid Dietary Supplements Market - The liquid dietary supplements market is projected to have secured US$ 39 Billion in 2021. The market is likely to reach US$ 42.21 Billion in 2022. From 2022-2032, the industry is expected to display a CAGR of 8.22% while amassing revenue worth US$ 93 Billion. An increasing health-conscious population is projected to drive the market during the forecast period.
Powder Dietary Supplements Market - Detailed industry analysis has revealed that the global powder dietary supplements market is currently valued at US$ 35.9 billion and is predicted to exhibit expansion at a CAGR of 7.7% over the next ten years. This revised Fact.MR research projects the market to reach a valuation of US$ 75.2 billion by 2032-end.
Vitamins and Derivatives Market - Latest industry analysis on vitamins and derivatives market Fact.MR estimates global vitamins and derivatives production to cross 139,450 Mn tons in 2021. However, demand will remain less at under 135,550 Mn tons. An upsurge in vitamins and derivatives demand value was observed in 2020 after the COVID-19 pandemic hit as consumers became more focused on building immunity.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-158
