Market Overview:
The global Gummy Market is estimated to grow from USD 15.90 billion in 2021 to USD 29.44 billion by 2028, a CAGR of 9.2 % over the forecast period.
The “gummy” word comes from Germany, but “jelly sweets” is used in British English. Gummies are gelatin-based sweet, chewable, candies. Gummy bears, Jelly Babies, and Sour Patch Kids are all well-known in the candy industry. Gummies come in a variety of shapes, sizes, and designs. They are available in different bright popup colors. Gummy vitamins similar to gummy candies are chewable vitamins and they are available in different colors, shapes, and flavors. They are made from gelatin, sugar, corn starch, water, and added artificial or natural colors. Different flavors are available in these gummy vitamins according to the preferences but the most popular flavors in gummy vitamins include lemon, raspberry, cherry, and orange.
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Major Key Players for Gummy Market:
- Nestle SA
- NutraStar Manufacturing Ltd.
- Supplement Factory Ltd.
- Procaps Group
- Santa Cruz Nutritionals
- Better Nutritionals
- Amapharm
- Herbal and Canada
- Vitux AS
- Boscogen Inc.
- Lexicare Pharma Pvt. Ltd.
- Bettera Brands LLC
- Vitakem Nutraceutical Inc.
- Nature’s Truth
- Prime Health Ltd.
- AJES Pharmaceuticals LLC
- Lactonova
- Well Aliments
- com
- Superior Supplement Manufacturing
- Allseps Pty. Ltd
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Market Dynamics and Factors:
The increasing popularity of gummy vitamins is leading the market of the same; Vitamin supplements are very popular around the world. The demand is increased tremendously for vitamin gummy candies. They improve health and can help to full fill the demand for vitamins in the body for those who get a poor diet. Gummy vitamins are made from gelatin, sugar, corn starch, and water so they are easily chewable and it is sweet they are eaten by Childers also and are highly popular with people having difficulty in getting, and swallowing pills. Swallowing pills is a high problem in the many adult people in many countries most of the time this problem is in European and North American regions so they have an extensive demand for the easy to eat capsules and gummy vitamins are fulfilling this demand so there is significant growth in the market for Gummy Vitamins.
Gummy Market Segmentation:
By Application
- Vitamins
- Omega Fatty Acids
- Minerals
- Proteins
By End-User
- Vitamins
- Omega Fatty Acids
- Minerals
- Proteins
- Other Applications
By Distribution channel
- Online
- Offline
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Gummy Market Report Highlight:
- Based on the Application, the vitamins segment is expected to have the maximum market share in the gummy market during the forecast period. Gummy vitamins are chewable that is same as gummy sweets in taste, color, shape, flavor, and size.
- Based on the End-Users, the adult segment is expected to dominate the gummy market share during the forecast period.
- Based on the origin, Arabica beans anticipated high growth in the coffee market during the forecast period. Arabica is the most popular type of coffee bean that is consumed all over the world.
- Based on the region, North America is anticipated to grab the maximum market share of the Gummy Market over the projected period. The rising demand for vitamin C and vitamin D supplements growth driving the growth of the gummy supplement market, which is good for heart health, and stamina.
Key Industry Development:
- In August 2021, Nature’s Truth has announced a new product that is particularly for the children’s requirements to its vitamin gummy products. Children’s elderberry gummies, multivitamin gummies, and Vitamin C gummies these three the products are available for the smaller age group to complete their vitamin-related requirements. The new gummies are vegetarian, vegan, and flavorless.
- In Jun 2021, Bayer AG introduced its new RestoraFIBRE Gummies in Canada. Fiber is available in these gummies. Soluble fiber and Probiotic that helps in the growth of healthy bacteria in the gut are found in these Gummies.
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For this report, Introspective Market Research has segmented the Gummy Market based on the region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Gummy Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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