Gummy Vitamins Market Opportunities, Business Forecast To 2029

The global gummy vitamins market size was valued at USD 6,723.2 million in 2022 and is poised to grow at a 10.7% CAGR from 2023 to 2029. The primary drivers of the expansion of the global gummy vitamins market include the increase in demand for vitamin supplements and availability of different types of . Increasing preference of consumer to try innovative forms of supplements is expected to boost the gummy vitamins market over the forecast years.

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Plant-Based Segment is expected to Dominate the Gummy Vitamins Market:
Based on the source, the global Gummy Vitamins market is segmented into animal-based and plant-based . The plant-based segment is expected to account for a larger revenue share in the global gummy vitamins market. The increase in preference of vegan products among the population is expected to drive the market growth in this segment. The rising awareness of health effects of consumption of animal-based products and due to the environmental eco system's concern, people mostly prefer plant-based diet is expected to boost the market growth over the forecast years.

North America Gummy Vitamins Market:
The North America gummy vitamins market is expected to increase over the forecast period due to increasing consumption of vitamin supplements to fulfill daily requirements of vitamins and increasing health consciousness of people due to increasing prevalence of vitamin deficiency diseases. In addition, growing demand for vitamin D & C supplements and also supplements related to bone health, stamina, heart health are expected to have a significant growth in the gummy vitamins market. Furthermore, increasing geriatric patient, increasing healthcare treatment cost and changing modern lifestyles is expected to have a positive effect on the growth of gummy vitamins market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Gummy Vitamins market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In January 2022, PanTheryx introduced sugar-free gummy products to its TruBiotics line for adults and children.

The gummy vitamins market is segmented based on product type, source, end user, distribution channels, application, and geography.

Based on the product type, the market is segmented into the following:
• Single Vitamin
• Multi-Vitamin
• Probiotics

Based on the source, the market is segmented into the following:
• Animal-Based
• Plant-Based

Based on the end user, the market is segmented into the following:
• Children
• Adults

Based on the application, the market is segmented into the following:
• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy
• Hypermarkets & Supermarkets
• Others

Based on the distribution Channel, the market is segmented into the following:
• Food Supplements
• Vitamin Deficiency
• Immunity & Bone Strength
• Weight Gain

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the gummy vitamins market report are GlaxoSmithKline, Amway Corporation, Co Inc., Bayer AG, Aesthetic Nutritional, Nestle SA, Herbaland Naturals Inc., IM Healthcare, Hero Nutritionals LLC, Santa Cruz Nutritionals, The Clorox Company, Lifescience Nutritionals.

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