Gummy Market to Attain Valuation of USD 29.44 Billion by 2028 at 9.2% CAGR-Report By Introspective Market Research

Market Overview:

Global Gummy Market was valued at USD 15.90 billion in 2021 and is expected to reach USD 29.44 billion by the year 2028, at a CAGR of 9.2%.

The term "gummy" comes from Germany, but "jelly sweets" is more commonly used in British English. Gummy , also known as gummy candies, gummy candies, or jelly sweets, are gelatin-based chewable treats North America and Europe together hold a prominent share of more than 50% of the global gummy market. One of the most encouraging factors for the growth of the gummy supplement market is the rising consumption of multivitamins in a variety of forms. Additionally, chewable are frequently preferred by kids, providing opportunities for manufacturers to experiment with color, flavor, and size.

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Market Dynamics:

Driver:
The increased propensity of pharmaceutical companies in the market for vitamin Gummy , which are primarily preferred by kids and meet their basic nutritional needs, is being helped by pharmaceutical companies' propensity to formulate vitamins in the form of chewable. A better understanding of healthcare well-being Other market-driving factors include growing consumer preference for goods over tablets and pills, increased knowledge of wellness healthcare, and unconventional goods credit, which continuously shapes the market.

Opportunities:
The geriatric community is anticipated to recognize the many benefits of gummy vitamins over capsules due to the high frequency of germination of the exchange of gummy vitamins. Due to the quick adoption of e-commerce, which has gradually increased interest margins due to the lower operating costs of online retailing and trading, business owners are realizing the potential of the sector. launched Organic Whole Fruit Gummy in January 2021, only available at Whole Foods Market locations nationwide. Solely Organic Whole Fruit Gummy are made up of just real whole fruit, vitamin C, and nothing else. Each pouch has 60-70 calories and 0.7 oz. of fruit in it. This new innovation offers an opportunity for the gummy market during the forecast year.

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Market Segmentation

By application, the vitamins segment is expected to dominate the gummy market during the forecast period. Gummy vitamins are chewable vitamins that resemble gummy sweets in taste, flavor, color, shape, and size.

By end-use, the adults' segment is expected to capture the maximum market share over the forecast period. Over the forecast period, the growing demand for convenient dietary supplements from working professionals, sports enthusiasts, and the elderly and pregnant women is likely to boost the adult end-user segment's growth.

By distribution channel, the offline segment is anticipated to hold a significant market share over the assessment year. Hypermarkets and supermarkets, drugstores, pharmacies, specialized stores, and others, such as convenience stores, general stores, and grocery stores, make up the offline category.

By Application
• Vitamins
• Omega Fatty Acids
• Minerals
• Proteins
• Others

By End Users
• Adults
• Kids

By Distribution Channel
• Online
• Offline

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Gummy market are :
• Nestle S.A.
• NutraStar Manufacturing Ltd.
• Supplement Factory Ltd.
• Procaps Group
• Santa Cruz Nutritionals
• Better Nutritionals
• Amapharm
• Herbaland Canada
• Vitux AS
• Boscogen Inc.
• Lexicare Pharma Pvt. Ltd.
• Bettera Brands LLC
• Vitakem Nutraceutical Inc.
• Nature's Truth
• Prime Health Ltd.

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Table OF Content
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Gummy Market by Application
Chapter 6: Gummy Market by End Users
Chapter 7: Gummy Market by Distribution Channels
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Gummy Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion

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