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Gummy Vitamins Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Gummy Vitamins Market
How Large Will the Gummy Vitamins Market Size By 2025?
The market for gummy vitamins has seen rapid expansion in recent years. The market size is projected to rise from $7.84 billion in 2024 to reach $8.63 billion in 2025, representing a compound annual growth rate (CAGR) of 10.1%. The increase during the historic period can be linked to a rise in undernourished individuals, growing health awareness, an uptick in dietary supplements, and robust economic development in budding markets.
How Big Is the Gummy Vitamins Market Size Expected to Grow by 2029?
The market size of gummy vitamins is predicted to significantly expand in the coming years, reaching a value of $12.08 billion in 2029 with a compound annual growth rate (CAGR) of 8.8%. This surge during the forecast period can be explained by the rise in the elderly population, growing acceptance of veganism, the prevalent incidence of dysphagia, and the increasing use of digital and social media marketing. Critical trends to watch for during this period include emphasis on innovative product development, the release of flavor-infused gummy vitamins, the usage of plant-based gummy ingredients, the introduction of 3D-printed gummy vitamins, as well as partnerships and cooperations.
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Which Key Market Drivers Powering Gummy Vitamins Market Expansion and Growth?
The surge in the number of vegans is predicted to spur the expansion of the gummy vitamins market. Vegans are those who adopt a vegan way of life, which includes refraining from eating animal products and, in many instances, avoiding the use of goods or by-products derived from animals. The rising vegan population provides a market opportunity for gummy vitamin producers to tailor their products in line with the beliefs and tastes of an enlarging group of consumers. For example, the Plant Based Foods Association, based in the US, reported a sales growth of 6.6% for plant-based foods in 2022, up from the 5.9% growth seen in 2021. Consequently, the growth in the vegan population is anticipated to underpin the demand for the expansion of the gummy vitamins market.
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Which Fast-Growing Trends Are Poised to Disrupt the Gummy Vitamins Market?
Big players in the gummy vitamins market are concentrating on creating an inventive gummy range that offers both a tasty and healthier snacking alternative for customers. This particular range features Swol Bears, which are crafted utilizing a special blend of vitamin D to deliver a daily dosage of vital nutrients with each bag. For instance, Koios Beverage Corporation, stationed in Canada and involved in special foods and wellness products, rolled out a fresh gummy range in May 2023 that incorporated Swol Bears. These Swol Bears are formulated with natural components and contain merely 1g of sugar per bag, rendering them an excellent choice for individuals wishing to satisfy their sweet cravings without compromising their health and fitness goals.
What Are the Emerging Segments in the Gummy Vitamins Market?
The gummy vitamins market covered in this report is segmented -
1) By Product Type: Single Vitamin, Multi Vitamin, Probiotics
2) By Source: Plant, Animal
3) By End User: Adult, Children
4) By Sales Channel: Hypermarket, Supermarket, Specialty Stores, Retail Pharmacies, Online Sales Channel, Other Sales Channel
Subsegments:
1) By Single Vitamin: Vitamin C Gummie*s, Vitamin D Gummie*s, Vitamin B12 Gummie*s
2) By Multi-Vitamin: Adult Multi-Vitamin Gummie*s, Children's Multi-Vitamin Gummie*s, Women's And Men's Specific Multi-Vitamin Gummie*s
3) By Probiotics: Probiotic Gummie*s For Digestive Health, Immune Support Probiotic Gummie*s, Probiotic Gummie*s For Women's Health
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Who Are the Global Leaders in the Gummy Vitamins Market?
Major companies operating in the gummy vitamins market include Church & Dwigh*t Co Inc, Unilever PLC, Otsuka Pharmaceutical, Reckitt Benckiser Group plc, Sirio Pharma Co., Hero Nutritionals Llc, Herbaland Naturals Inc, Nature's Way Products, Llc, Zanon Lifesciences Private Limited, India Private Label Supplements, Biovencer Healthcare Private Limited, Radius Healthcare Private Limited, Estrellas Life Sciences Private Limited, Nanchang Xinouli Trading Co., Ltd, Jiangsu Handian Biotechnology Co., Ltd, Biocaro Pharmaceutical Co., Ltd, Shantou Sweet Road Industry And Trading Co., Ltd, The Good Vitamin Co, Garden Of Life, Vegums, Amway Corp, Noreva Biotech, Vtf, Solgar, Evalar, Biovea, Terezia, Zarbee's Inc, Olly Public Benefit Corporation, Atrium Innovations, Pfizer, Inc, Now Foods, Healthvit, Ascendis Health, Inova Pharmaceuticals, Vitabiotics Ltd, GlaxoSmithKline Plc, Abbott Laboratories, Nestle S.A, Gnc Holdings Inc., Life Science Nutritionals, Bettera Brands Llc, Bayer Ag, Santa Cruz Nutritionals Inc, Makers Nutrition Llc, Nutra Solutions, Ferrara Candy Company
Which are the Top Profitable Regional Markets for the Gummy Vitamins Industry?
North America was the largest region in the gummy vitamins market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gummy vitamins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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