Global Gummy Vitamins Market, By Product Type (Single Vitamin, Multivitamin), Source (Plant, Animal), Packaging Type (Bottles and Jars, Pouches), Distribution Channel (Store-Based, Online), End-Users (Adult, Children) - Industry Trends and Forecast to 2030.
Gummy Vitamin Market Analysis and Size
The growth of the aging population and the growing rate of health-informed consumers in both developed and developing nations are the major factors driving the gummy vitamins market. The rise in the tendency towards food products with healthy ingredients including vitamins to prevent or treat certain health issues and the rise in the number of product launches by manufacturers to introduce new products infused with vitamins in the dietary supplements accelerate the gummy vitamins market growth. The increase in popularity of gummy vitamins especially among the millennials globally because of their busy lifestyles and the growing geriatric population who face difficulty in swallowing the pills influence the gummy vitamins market.
Data Bridge Market Research analyses that the global gummy vitamin market which was USD 7,444.48 million in 2023, would rocket up to USD 17,355.30 million by 2030, and is expected to undergo a CAGR of 11.7% during the forecast period. This indicates that the market value. "Multivitamin" dominates the product type segment of the global gummy vitamin market due to increasing awareness about the Gummy Vitamin. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Gummy Vitamin Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Single Vitamin, Multivitamin), Source (Plant, Animal), Packaging Type (Bottles and Jars, Pouches), Distribution Channel (Store-Based, Online), End-Users (Adult, Children)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa
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Market Players Covered
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Life Science Nutritionals, Bettera Brands, Softigel, Nature's Way Products, LLC, Zanonvitamec, OLLY Public Benefit Corporation, Herbaland, Hero Nutritionals, SmartyPants Vitamins, The Nature’s Bounty Co., IM Healthcare, Nutra Solutions USA, Makers Nutrition, LLC, Vitakem Nutraceutical Inc., among others
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Market Opportunities
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Market Definition
Gummy vitamins are chewable vitamin supplements that are offered in various colors, shapes, and flavors with gummies containing vitamin or multivitamins, and are produced with the assistance of sugar, corn starch, gelatine, and added colorings. They are utilized as vitamin supplements and they are known to enhance health and are capable of compensating for the vitamins that are lacking in a food diet. The most common flavors of gummy vitamins are orange, cherry, lemon, strawberry, and raspberry. They are easily chewable and hence, most preferred by people who have difficulty swallowing down pills.
Global Gummy Vitamin Market Dynamics
Drivers
- Consumer Preference for Convenient and Enjoyable Supplements
Gummy vitamins offer a convenient and enjoyable alternative to traditional pill-based supplements. Many people, including children and adults, find it easier and more pleasant to consume gummy vitamins, as they resemble candies and come in a variety of flavors and shapes. The appeal of gummy vitamins as a fun and tasty way to incorporate essential nutrients into daily routines has significantly driven their market growth.
- Rising Awareness and Interest in Health and Wellness
Increasing awareness about the importance of maintaining a healthy lifestyle has resulted in a growing interest in nutritional supplements. Consumers are actively seeking products that support their overall health and well-being. Gummy vitamins provide a convenient and accessible option for individuals looking to supplement their diets with essential vitamins and minerals.
- Expansion of the Dietary Supplement Industry
The dietary supplement industry has witnessed significant growth in recent years, driven by factors such as increasing disposable income, changing lifestyles, and the desire for preventive healthcare. Gummy vitamins have emerged as a popular segment within the broader dietary supplement market due to their unique appeal and ease of consumption.
Opportunities
- Innovative Product Development
Manufacturers of gummy vitamins are continually introducing innovative products to cater to evolving consumer demands. This includes the introduction of new flavors, organic and natural ingredient options, vegan formulations, and specialized gummy vitamins targeting specific health needs, such as immunity support, bone health, or prenatal care. These innovative product offerings have helped expand the consumer base and drive market growth.
Restraints/Challenges
- Regulatory Challenges
The regulatory landscape for dietary supplements, including gummy vitamins, can be complex and varies across different countries and regions. Compliance with regulatory requirements, including labeling, claims, quality control, and safety standards, poses challenges for manufacturers. Adhering to these regulations and obtaining necessary approvals can be time-consuming and costly, hindering market growth.
This Gummy Vitamin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Gummy Vitamin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2023, SmartyPants Vitamins announced today new SmartyPants Sugar Free Multi & Omegas gummy multivitamins in Kids, Women’s, and Prenatal formats. Unlike other sugar free gummy multivitamins, SmartyPants’ new Sugar Free Multi & Omegas don’t use sugar alcohol.
Global Gummy Vitamin Market Scope
The global gummy vitamin market is segmented on the basis of product type, source, packaging type, distribution channel, and end-user. The growth amongst these segments will help you meagre growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.
Product Type
- Single Vitamin
- Multivitamin
Source
- Plant
- Animal
Packaging Type
- Bottles and Jars
- Pouches
Distribution Channel
- Store based
- Online
End User
- Adult
- Children
Global Gummy Vitamin Market Regional Analysis/Insights
The Gummy Vitamin market is analysed and market size insights and trends are provided by country, product type, source, packaging type, distribution channel, and end user as referenced above.
The countries covered in the global gummy vitamin market report is U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East & Africa. North America is dominating the global Gummy Vitamin market due to an increasing inclination towards supplements in that region. And the Asia Pacific is the fastest growing region due to increasing rising awareness and interest in health and wellness.
The country section of the report also provides individual market impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The global gummy vitamin market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kind of products for the global gummy vitamin market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global gummy vitamin market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Gummy Vitamin Market Share Analysis
The global gummy vitamin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global gummy vitamin market.
Some of the major players operating in the global gummy vitamin market are:
- Life Science Nutritionals
- Bettera Brands
- Softigel, Nature's Way Products, LLC
- Zanonvitamec
- OLLY Public Benefit Corporation
- Herbaland, Hero Nutritionals
- SmartyPants Vitamins
- The Nature’s Bounty Co.
- IM Healthcare
- Nutra Solutions USA
- Makers Nutrition, LLC
- Vitakem Nutraceutical Inc.
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