Gummy Vitamins Market Size to Reach $ 2,286.7 Million by 2027 at a CAGR of 4.5%


BANGALORE from India, September 17, 2021 / PRNewswire / – The Gummy Vitamins Market is segmented by type (multivitamin, single vitamin), by application (children, adults). The report covers the analysis of global opportunities and industry forecast from 2021 to 2027. It is published in Evaluate reports under Vitamins and Supplements Category.

In 2020, the global Gummy Vitamin market size was $ 1,678 million and it is expected to achieve $ 2,286.7 million by the end of 2027, with a CAGR of 4.5% in 2021-2027.

The main factors that stimulate the growth of gummy vitamins are:

  • Due to factors like busier schedules, increased disposable income, greater awareness of preventive measures in healthcare, and maintenance of better health, millennials are choosing to consume this gummy vitamins market.
  • Growing vitamin deficiency rates and undernutrition issues in developing and underdeveloped countries are also increasing the market for gummy vitamins.
  • The convenience factor of gummy vitamins is further expected to boost the market for gummy vitamins. It is believed that gummy vitamins are of great help for people who have difficulty swallowing pills. Compared to typical vitamin pills, gummy vitamins are much more convenient. In addition, due to their ease of ingestion, gummy vitamins have become popular among children and adults.

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TRENDS AFFECTING THE GROWTH OF THE GUMED VITAMINS MARKET

Strong demand for on-the-go dietary supplement products is expected to drive the growth of the gummy vitamins market. Nutritious foods and food products containing necessary health elements are sought after by health conscious consumers. However, millennials in all regions and countries are facing longer work schedules and an increase in the elderly population with problems with pill use. Because of these considerations, there is a great need for convenient vitamin products that can be used on the go and are easy to consume, such as chewing rather than swallowing. As chewable candies, gummy vitamins serve to solve these problems and provide consumers with on-the-go consumption as well as ease of delivery.

In recent years, the global gummy vitamins market has picked up a significant pace. This is due to the qualities of gummy vitamins, such as their colors, tastes and ease of use, as well as the additional health benefits they offer. Jelly candies with a fusion of natural fruit flavors are introduced and launched by companies to meet global customer demands for various flavors. This in turn is expected to create lucrative growth opportunities for players in the gummy vitamins market.

The growth of the gummy vitamins market will be aided by an increase in the prevalence of dysphagia, as well as an increase in the prevalence of vitamin deficiency. Additionally, the use of alternative gelling agents such as pectin has lucrative potential for market players.

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GUMMY VITAMINS MARKET SHARE ANALYSIS

Multivitamins are expected to be the most lucrative segment. The increased amount of multivitamins in gummy vitamins encourages consumers to adopt these products rather than opting for other tablets or capsules of singular vitamins.

Based on applications, the kids segment is expected to be the most lucrative.

Depending on the region, North America is the largest market, with a share of around 65%, followed by Europe and China, both having a share of around 30 percent.

The major global players in Vitamin Gummy include Bayer, Church & Dwight Co, Pharmavite, etc. The world’s three largest manufacturers hold a share of around 30%.

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SEGMENTATION OF THE GUMED VITAMINS MARKET

By type

  • Multi Vitamin
  • Unique vitamin

By application

Key companies

  • Gummy vitamins
  • Bayer
  • Church and Dwight Co
  • Pharmavite
  • Nature path
  • Smarty Vitamins Trousers
  • Nutritional Heroes
  • Nature’s Bounty, Inc
  • Life Sciences Nutrition
  • Rainbow light
  • Herbaland
  • Olly Nutrition.

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By region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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SIMILAR REPORTS

– In 2020, the Jelly and candy market the size was $ 2,533 million and it is expected to achieve $ 3,072.2 million by the end of 2027, with a CAGR of 2.9% in 2021-2027.

– In 2020, the Soy Lecithin Market the size was $ 1112 million and it is expected to achieve $ 1,463.3 million by the end of 2027, with a CAGR of 4.0% in 2021-2027.

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