Rockville, MD -- (SBWIRE) -- 03/21/2018 -- Softgels dietary supplements are soft, gelatin form of nutrition supplements that can be consumed to regulate body metabolism. Consumers that are unable to consume supplements in the form of tablets, liquids, functional foods or capsules are drawn towards softgels dietary supplements. These supplements are easy to swallow and digest, and are conveniently available in all drug stores.
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Easy intake becomes a determinative factor for consumption of dietary supplements, so consumers are growing more inclined towards consuming such supplements in softgels form. Manufacturers of softgel dietary supplements are also developing new products that are more tasteful to consume. In the view of proactive lifestyles, softgel dietary supplements will continue to be a key part of consumers' daily lives. Consumption of soft gels dietary supplements is also expected to gain grounds with rising incidence of dietary disorders across the globe. In the immediate future, the global market for soft gels dietary supplements is likely to witness emergence of soft gels in functional foods, unlocking new growth opportunities for manufacturers. The global softgel dietary supplements market is on track to grow at a steady CAGR of over 6% during the forecast period.
Focus on Vitamins & Minerals and Botanical Segment
The botanical segment is anticipated to grow to almost US$ 24 billion in 2022, while the vitamins & minerals segment of the softgels dietary supplements market is also expected to rake in significant revenues. Together, these two segments collectively comprise nearly 4/5th revenue share by ingredient type in the softgels dietary supplements market. Thus, key stakeholders may decide to prioritize these segments over others for maximum growth in the softgels dietary supplements market. While Europe represents the largest regional contributor with respect to vitamins & minerals, North America is the largest market in the botanical segment of the softgels dietary supplements market. In both cases, the largest region has a contribution of 1/3rd in the softgels dietary supplements market.
The immune health and digestive health segment of the softgels dietary supplements market is estimated to grow from at a steady growth rate Europe and North America are neck and neck in this segment of the softgels dietary supplements market with the former currently leading. However, North America could become more attractive in the longer term as it has a higher CAGR. Sports nutrition has a revenue share of 9.3% by application segment in the soft gels dietary supplements market and it is expected to be larger than US$ 5.3 billion in 2017 in terms of market value. As with immune health and digestive health, North America and Europe are dominant in terms of market prospects and overall size.
Target Pharmacy Channel in Soft Gels Dietary Supplements Market
Pharmacies are the largest distribution channel in the softgels dietary supplements market by a considerable margin and it would make sense for key stakeholders to ensure that pharmacies are well-stocked with their products.
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Women Consume More Soft Gel Dietary Supplements than Men
Women are predicted to account for a revenue share of more than 50% by end user segment in the softgels dietary supplements market which makes them a larger customer demographic than both men and senior citizens. It is likely that the women segment will grow at a healthy rate during the forecast period. Men are a much smaller segment in comparison. While North American women consume the maximum softgels dietary supplements, their European counterparts fall behind the men on that continent.
Competition Tracking
The report has also profiled leading players in the global market for softgel dietary supplements, which include Alphabet Holding Company, Inc., GlaxoSmithKline plc., Amway Corporation, Abbott Laboratories, Bayer Aktiengesellschaft, BASF SE, Glanbia plc., Koninklijke DSM N.V., E. I. du Pont de Nemours and Co., and Herbalife International, Inc.
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