Will Sales of Softgel Dietary Supplements Gain Traction Due to the Clean Label Trend – Exclusive Report by Fact.MR

Posted on 2021-12-22 by Future Market Insights, Inc in Internet & Online // 0 Comments

250 Pages Softgels Dietary Supplements Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Softgels Dietary Supplements. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Softgels Dietary Supplements Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Softgels Dietary Supplements market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Softgels Dietary Supplements

This newly published and insightful report sheds light on Market Insights of Softgels Dietary Supplements, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Softgels Dietary Supplements Market.

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Key Market Segments Covered

By Ingredient
- Amino Acid Softgel Dietary Supplements
- Botanical Softgel Dietary Supplements
- Vitamin- & Mineral-based Softgel Dietary Supplements
- Others
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
- Others
By End-User
- Softgel Dietary Supplements for Adults
- Softgel Dietary Supplements for Geriatric Population
- Softgel Dietary Supplements for Pregnant Women
- Softgel Dietary Supplements for Children
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA

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Competitive Landscape

The majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks. Some of the key developments are:

In October 2020, Abbott introduced strawberry-flavored dietary supplements in India. The launch is targeted to strengthen the company’s dietary supplement portfolio in the country.
In September 2020, Prorganiqan India-based supplement 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 November 2019, Amway announced an investment of US$ 200 Mn to set up an innovation center in China for dietary supplements. This is targeted towards offering custom-made solutions as well as the overall expansion of the company.
In October 2019, Herbalife introduced a relaxation tea as well as new immunity essentials, formulated with lemon balm, to fight stress.

Similarly, recent developments related to companies manufacturing softgel dietary supplements have been tracked by the team at Fact.MR, which are available in the full report.

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.

Winning Strategy

The Dietary Supplement Health and Education Act (DSHEA) has placed dietary supplements under the ‘food’ category instead of ‘drugs’. Therefore, vitamin supplements are regulated differently from other drugs. With these regulations in place, a synchronization between consumers’ nutritional needs and safety is required. To address this, Nutraveris launched an integrated platform in 2020 that uses artificial intelligence to assess and monitor U.S. dietary supplement data and compliance. While this development will boost consumer confidence towards the safety of dietary supplements, it will also clear the competition clutter for tier-1 players for whom adulterated supplements has been emerging as threat.

Key Question answered in the survey of Softgels Dietary Supplements market report:

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More Valuable Insights on Softgels Dietary Supplements Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Softgels Dietary Supplements, Sales and Demand of Softgels Dietary Supplements, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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