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Global Gummy Vitamins Market Analysis, Size, Share, Growth, Trends & Forecast 2019-2030

April 7th, 2021 7:47 AM

Vitamin is a micronutrient essential for the proper functioning of the body and boosts metabolism. The gummy vitamin is a popular source of vitamins that provides nourishment and essential content of nutrition to the body similarly to vitamin pills. Their desirable taste, texture, nutrients, and convenience make them the most preferred and liked source of vitamin amongst kids and adults as they taste like gummy candies. Gummy vitamins comprised of corn-starch, gelatin, sugar, water, edible colors and flavors, several vitamins and minerals. The gummy vitamin is segregated into different types such as single-vitamin, multivitamin, and pro-biotic vitamins.

Global Gummy Vitamin market to surpass USD million by 2030. Global Gummy Vitamin market is anticipated to grow on the back of its increasing demand due to rising awareness and health concerns among consumers in the pharmaceutical sector as well as personal care and cosmetics sector. Rising instances of vitamin deficiencies, malnutrition, and chronic diseases have fostered the growth of the Global gummy vitamins market. They improve health and offset poor diet. Gummy vitamins are easy to chew and eliminate the swallowing of vitamin pills, thus, making them more convenient and attractive to consume.

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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

Global Gummy Vitamins Market: Key Players

  • Bayer AG
  • Pfizer Inc.
  • Olly Public Benefit Corporation
  • Ion Labs Inc.
  • Church & Dwight, Inc., The Honest Company, Inc.,
  • Pharmavite LLC.
  • Bettera Wellness
  • Ion Labs Inc.
  • Hero Nutritionals LLC
  • SmartyPants Vitamins

Global Gummy Vitamin Market: Segments

Pro-biotic segment to grow with the highest CAGR during 2020-30

Global Gummy Vitamin Market is segmented by product type into Single Vitamin Gummy, Multi-vitamin Gummy, Pro-biotic vitamin Gummy. The multi-vitamins segment held the largest market share in the year 2019. Multivitamins gummy consists of vitamin B3, B12, A, D, E, H, B6 which help in weight control, improve immunity, and better metabolism. The pro-biotic segment is anticipated to grow with the highest CAGR during the forecast period

Children segment to grow with the highest CAGR during 2020-30

Global Gummy Vitamin market is bifurcated by end-users into children and adults. The children segment held the largest market share in the year 2019. Gummy vitamins are chewable vitamins that are easier to consume than swallow vitamin pills, making them popular amongst children.

Vitamin Deficiency segment to grow with the highest CAGR during 2020-30

Global Gummy Vitamin market is also segmented by application into Food Supplements, Immunity, Vitamin Deficiency, Weight Management, and Others. The Vitamin Deficiency segment held the largest market share in the year 2019. Gummy vitamins are in high demand among the populace with vitamin deficiencies. The food supplement segment is anticipated to witness considerable growth in the forecast period.

Supermarkets/Hypermarkets segment to grow with the highest CAGR during 2020-30

Global Gummy Vitamin market is also segmented by distribution channel into Specialty Stores, Retail Pharmacies, Supermarkets/Hypermarkets, Online Sales Channel and Others. The segment held the largest market share in the year 2019. Supermarkets/Hypermarkets provide a large variety of products at the same place which is convenient for the consumers. The online sales channel segment is also anticipated to witness considerable growth in the future due to expanding trend of E-commerce platforms.

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Market Dynamics

Global Gummy Vitamins Market

Drivers

Increasing health consciousness among consumers

A large number of populations are suffering from chronic diseases, vitamin deficiencies, week bones, and malnutrition. With the advent of gummy vitamins, it can be cured and improve health and body metabolism. Rising health concerns among consumers are anticipated to drive the Global Gummy Vitamins Market.

Growth in the demand for Gummy vitamins in different sectors

A substantial rise in the demand for Gummy Vitamin is observed in various sectors. The pharmaceutical sector has witnessed a rise in the demand for gummy vitamins since many children with vitamin deficiencies and week bones are advised by doctors to intake gummy due to its convenient intake and concentrated nutritional content. Personal Care and cosmetics sector are also tapping opportunities to incorporate the use of gummy vitamins comprising vitamin A, C, and E in their product since they are known to promote skin health and hair growth. Gummy vitamins are also incorporated by adults as food supplements in their diet.

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Restraints

Natural Source of Vitamins

Consumers opting for a natural source of vitamins through a healthy and balanced diet might act as a major restraint for the Global gummy vitamins market. Gummy vitamins comprise additive colors and flavors for better taste which sometimes leads to insecurities related to quality and nutritional content among the consumers.

Global Gummy Vitamin Market: Regions

Global Gummy Vitamin Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global gummy vitamins market in North America held the largest market share in the year 2019. Factors such as health problems and deficiencies are anticipated to foster the demand for gummy vitamins in the region and promote the growth of the global gummy vitamins market in North America. Asia-Pacific region is anticipated to grow with the highest CAGR in the forecast period of 2020-30 due to rise in disposable incomes and health concerns among consumers

Global Gummy Vitamin market report also contains analysis on:

  • Gummy Vitamin Market Segments:
    • Product Type
      • Single Vitamin Gummy
      • Multi-vitamin Gummy
      • Pro-biotic vitamin Gummy
    • By End Users
      • Children
      • Adults
    • By Application
      • Food Supplements
      • Immunity
      • Vitamin Deficiency
      • Weight Management
      • Others
    • By Distribution
      • Specialty Stores
      • Retail Pharmacies
      • Supermarkets/Hypermarkets
      • Online Sales Channel
      • Others

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About us

Fatpos Global stands for “Failures Are The Pillar of Success”. We are a rapidly-growing global management consulting, advisory, and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies. With a vibrant ecosystem of robust digital innovation and a vision for the delivery of management consulting, advisory, and market research services and solutions in better, faster, and transformational growth strategies, we thrive to enable our extraordinary thought leadership processes into our services with the equitable analytical tools and experiences that help us make our clients achieve their goals turn into a reality

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