IMARC Group, a leading market research company, has recently releases report titled “Gummy Vitamins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global gummy vitamins market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the gummy vitamins market?
The global gummy vitamins market size reached US$ 6.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.25% during 2023-2028.
What are gummy vitamins?
Gummy vitamins are chewable nutraceuticals that have a texture and taste like gummy candies. They are prepared using water, sugar, gelatin, corn starch, fruit-based flowers, and additional colorings. They are easy to swallow, absorb, and digest compared to conventionally used pills or capsules. Presently, they are available in a wide range of shapes, sizes, flavors, and colors, which are consumed by both adults and children to increase their in take of specific nutrients, such as calcium, magnesium, iron, and vitamins A, B, C, D, and E.
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What are the growth prospects and trends in the gummy vitamins industry?
Increasing health consciousness, along with the rising awareness among the masses about the benefits of consuming dietary supplements to maintain a healthy lifestyle, represents one of the key factors driving the market. Furthermore, the widespread adoption of vitamin C supplements to enhance immunity against the coronavirus (COVID-19) infection is promoting market growth. Moreover, inflating disposable income, along with the launch of gummy vitamins in novel flavors like apple, pineapple, lime, and cherry, using natural and organic ingredients, is bolstering the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Single Vitamin
- Multi-Vitamin
- Prebiotics and Probiotics
Demographics Insights:
- Children
- Adult
Sales Channel Insights:
- Supermarkets and Hypermarkets
- Speciality Stores
- Retail Pharmacies
- Online Stores
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bayer AG
- Bettera Wellness LLC
- Church Dwight Co. Inc.
- Hero Nutritionals
- Ion Labs Inc. (DCC plc)
- Nature’s Way Products LLC. (Dr. Willmar Schwabe GmbH Co. KG)
- Pfizer Inc.
- Pharmavite (Otsuka Pharmaceutical Co. Ltd)
- Santa Cruz Nutritionals
- SmartyPants Vitamins (Unilever plc)
- The Honest Company Inc.
- Vitakem Nutraceutical Inc.
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