Press release
Gummy Vitamins Market Size Worth US$ 9.1 Billion by 2028 | CAGR 5.25% : IMARC Group
Gummy Vitamins Market Report 2023
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 tacky made from gelatin, sugar, water, corn starch, and flavoring additives. They contain various vitamins and minerals and have a taste and texture similar to candies. They are easy to swallow and available in various flavors; have numerous health, hair, and skin benefits; and help in recovering from nutrient deficiencies that can cause chronic ailments. At present, gummy vitamins are gaining popularity among people across the globe.
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What are the growth prospects and trends in the gummy vitamins industry?
The growing health consciousness among consumers and increasing preferences for products containing nutrients, such as dietary supplements, on account of the increasing prevalence of nutritional deficiency currently represent one of the key factors catalyzing the demand for gummy vitamins around the world. In line with this, key market players are introducing products for specific consumers, such as diabetic people, adults, children, and pregnant women, which is propelling the market growth. Moreover, the increasing consumption of gummy vitamins by the geriatric population who face difficulty in swallowing vitamin pills due to their unappealing, harsh, and strong flavors is strengthening the market growth. Furthermore, the increasing affordability and accessibility of gummy vitamins due to the expansion of e-commerce platforms is bolstering the growth of the market worldwide.
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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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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