Sales Revenue of Softgels Dietary Supplements Market To Surge in Near Future Owing To Rapid Adoption Across Key Industries : Fact.MR

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.

For critical insights on this market, request for More Info - https://www.factmr.com/connectus/sample?flag=S&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

Request more information about Report Methodology - https://www.factmr.com/connectus/sample?flag=RM&rep_id=41

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

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 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.

For in-depth competitive analysis, Now - https://www.factmr.com/checkout/41

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email : sales@factmr.com
Website : https://www.factmr.com

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 analysed. 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.

This release was published on openPR.