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

250 Pages Botanical Softgel 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 Botanical Softgel 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 Botanical Softgel 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 Botanical Softgel 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 Botanical Softgel Supplements

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

supplements have reduced hospital visits pertaining to ailments and conditions such as maternity and newborn care, mental and behavioral health, pediatric care, etc. Considering these statistics and shift in dynamics, the market for softgel supplements is forecast to expand data healthy CAGR of more than 7% over the coming 10 years.

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Key Market Segments Covered

By Ingredient
Amino Acid Softgel supplements
Botanical Softgel Supplements
Vitamin- & Mineral-based Softgel supplements
Others

By Application
Softgel supplements for Bone and Joint Health
Softgel supplements for General Well-being
Softgel supplements for Heart Health
Softgel supplements for Immune Health and Digestive Health
Softgel supplements for Sports Nutrition
Softgel supplements for Weight Loss
Others

By End-User
Softgel supplements for Adults
Softgel supplements for Geriatric Population
Softgel supplements for Pregnant Women
Softgel 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 supplements in India. The launch is targeted to strengthen the company’s supplement portfolio in the country.

In September 2020, Prorganiqan India-based supplement manufacturer announced the launch of 24-in-1 mega superfoods 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 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 supplements have been tracked by the team at Fact.MR, which are available in the full report.

This has consequently swelled the demand for supplements in various formats. Unlike powder or liquid variants, softgel supplements can be consumed without any preparation, due to which, they account for over half of the overall supplements market.

As per a revised report published by Fact.MR, the global softgel 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 supplements.

Vitamin and mineral-basedsoftgel 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 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 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 supplements,”says a Fact.MR analyst.

Winning Strategy

The supplement Health and Education Act (DSHEA) has placed 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. supplement data and compliance. While this development will boost consumer confidence towards the safety of supplements, it will also clear the competition clutter for tier-1 players for whom adulterated supplements has been emerging as threat.

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More Valuable Insights on Botanical Softgel Supplements Market

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

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