Global Gummy Vitamins 2023 Future Growth, Growing Demand, Industry Insights And Forecast To 2032 | Major Players Are Unilever PLC, Otsuka Pharmaceutical, Reckitt Benckiser Group plc, Sirio Pharma Co

As per The Business Research Company's Gummy Vitamins Opportunities And Strategies Market Report 2023, The gummy vitamins market reached a value of nearly $6,444.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 13.2% since 2017. The market is expected to grow from $6,444.8 million in 2022 to $9,823.3 million in 2027 at a rate of 8.8%. The market is then expected to grow at a CAGR of 7.0% from 2027 and reach $13,799.1 million in 2032.

An increase in the geriatric population is expected to drive the growth of the gummy vitamins market going forward. The elderly population is increasing rapidly with growing vitamin deficiency due to poor nutrition, reduced appetite, lack of sun exposure, to maintain bone health and fight infections. For example, in October 2022, according to World Health Organization, a Switzerland based Government Agency, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Additionally, in August 2021, according to the National Statistical office, an India based autonomous body, India's elderly population (aged 60 and above) is projected to touch 194 million in 2031 from 138 million in 2021, a 41 per cent increase over a decade.

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The use of plant-based gummy is gaining traction in the gummy vitamins market. Plant-based gummy candy helps vegans and vegetarians get their vitamins . For example, in January 2022, Nutrazee, a Hyderabad based vegan supplement nutraceutical startup, launched Calcium + Vitamin D gummy for children and adults. Nutrazee's Calcium + D3 gummy help support bone health, teeth, and immune health. Nutrazee's gummy are 100% vegan and come in a natural orange flavor. They are easy to take alternatives to pills/chewable tablets/syrups. Nutrazee's gummy are made of pectin (sourced from fruit), a plant-based alternative to animal-derived gelatin. Nutrazee's Calcium + D3 gummy contain Vitamin D3 (Cholecalciferol) sourced from a natural plant source called Lichen, which makes it suitable for vegetarians and vegans. Additionally, in July 2021, Natures Crops International (NCI), a Canada manufacturer of specialty oils for nutraceutical, food, beverage, personal care and animal nutrition applications, announced industry-first functional gummy supplements containing Ahiflower® oil which are available from Forest Remedies, a USA based health and wellness brand focused on plant-based ingredients and sustainable packaging. Ahiflower is a regeneratively grown vegan alternative to fish and flax oils, providing comprehensive omega nutrition and health benefits backed by human clinical trials and the most complete and balanced omegas. Forest Remedies launched its innovative line of first-ever, plant-based omega gummy supplements with Ahiflower as the hero ingredient.

The top opportunities in the gummy vitamins market segmented by product type will arise in the multi vitamin segment, which will gain $1,723.4 million of global annual sales by 2027. The top opportunities in the gummy vitamins market segmented by source will arise in the animal segment, which will gain $2,779.3 million of global annual sales by 2027. The top opportunities in the gummy vitamins market segmented by end-user will arise in the adult segment, which will gain $2,168.8 million of global annual sales by 2027. The top opportunities in the gummy vitamins market segmented by sales channel will arise in the hypermarket and supermarket segment, which will gain $1,131.5 million of global annual sales by 2027. The gummy vitamins market size will gain the most in the USA at $1,412.1 million.

Gummy Vitamins Market Segmentation:
The Gummy Vitamins Market is segmented by product type, by source, by end-user, and by sales channel

By Product Type-
The gummy vitamins market is segmented by product type into
a) Single Vitamin
b) Multi Vitamin
c) Probiotics

By Source -
The gummy vitamins market is segmented by source into
a) Plant
b) Animal

By End-User -
The gummy vitamins market is segmented by end-user into
a) Adult
b) Children

By Sales Channel -
The gummy vitamins market is segmented by sales channel into
a) Hypermarket And Supermarket
b) Specialty Stores
c) Retail Pharmacies
d) Online Sales Channel
e) Other Sales Channel

Major players in the Gummy Vitamins Market include Unilever PLC, Otsuka Pharmaceutical, Reckitt Benckiser Group plc, Sirio Pharma Co.

The regions covered in the global Gummy Vitamins Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Gummy Vitamins Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Gummy Vitamins Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape and Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Gummy Vitamins Market, Conclusions And Recommendations
22. Appendix

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