According to the latest report by IMARC Group, titled “Gummy Vitamins Market: Global Industry Trends, Share, Size,Growth, Opportunity and Forecast 2022-2027, The global gummy vitamins market size reached a US$6.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$8.6 Billion by 2027, exhibiting at a CAGR of 5.31% during 2022-2027.
Gummy vitamins refer to chewable nutraceuticals with a taste and texture similar to gummy candies. They are available in several sizes, flavors, colors, and shapes and fulfil the nutritional requirements of both children and adults. Gummy vitamins are produced using corn starch, water, sugar, gelatin, fruit-based flavors, and added colorings. They are a rich source of calcium, iron, magnesium and vitamin A, vitamin B, vitamin C, etc. Gummy vitamins are easy to swallow and digest when compared to traditionally used tablets, pills, capsules, etc. As a result, they are in high demand among consumers across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Gummy Vitamins Market Trends:
The expanding nutraceutical industry and the rising consciousness among the masses towards the benefits of consuming regular dietary supplements to maintain a healthy lifestyle are primarily driving the gummy vitamins market. Besides this, the elevating instances of undernourishment and nutritional deficiencies among children and adults are also positively influencing the market growth. Additionally, the growing consumption of vitamin C supplements to boost immunity against COVID-19 and other viral infections is acting as another significant growth-inducing factor. Apart from this, the introduction of organic products in novel flavors, including apple, orange, pineapple, strawberry, lime, cola, cherry, etc., is expected to propel the gummy vitamins market over the forecasted period.
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Global Gummy Vitamins Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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. and Vitakem Nutraceutical Inc.
The report has segmented the market on the basis on type, demographics and sales channel.
Breakup by Type:
• Single Vitamin
• Multi Vitamin
• Prebiotics and Probiotics
Breakup by Demographics:
• Children
• Adult
Breakup by Sales Channel:
• Supermarkets and Hypermarkets
• Speciality Stores
• Retail Pharmacies
• Online Stores
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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