Gummy Vitamins - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Gummy Vitamins Market is accounted for $3.33 billion in 2019 and is expected to reach $5.94 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Increasing consumer interest for gummy vitamins due to the diversity of taste and shape and increasing cases of undernourishment and malnutrition in developing countries are the major factors propelling the market growth. However, the risk associated to side effects of over consumption of gummy vitamins in an excessive amount is hampering the market growth.
Gummy vitamins are chewable vitamins that are parallel to gummy candies and are accessible in dissimilar shapes, colours, and flavours. They are produced with the help of gelatin, corn starch, water, and added colourings. Well-liked flavours available in gummy vitamins include raspberry, orange, and cheery. Vitamin supplements are widely popular around the world. They get better health and can compensate for poor diet.
Based on the type, the multi-vitamin segment is estimated to have a lucrative growth in the forecast period. These products are majorly consumed by adults and millennials. These nutrients are mainly preferred for weight control, better metabolic health, and improved immunity.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increase in health consciousness levels among customers and increasing cases of vitamin deficiencies. Moreover the demand in this region is owing to consumption of vitamin supplements by the middle-income group combined with their improved purchasing power.
Some of the key players profiled in the Gummy Vitamins Market include Long Island Nutritionals Pvt. Ltd., I'M Healthcare Pvt. Ltd., Chubears, Church & Dwight Co. Inc. (VitaFusion, L'il Critters), Natrol, LLC, Nordic Naturals, Inc., Nature's Way, Pharmavite LLC (Nature Made), Melrob Group, Garden of Life, LLC, Stericure Pharmaceuticals Pvt. Ltd., Bayer AG, SmartyPants Vitamins, Hero Nutritionals LLC and Ion Labs, Inc.
• Multi Vitamin
• Single Vitamin
Customer Orientation Covered:
Sales Channel Covered:
• Hypermarket and Supermarket
• Online sales Channel
• Retail Pharmacies
• Specialty Stores
• Drug Stores / Pharmacies
• Convenience Stores
• Departmental Stores
• Direct Sales
• Modern Trade
Packaging Types Covered:
• Stand-Up Pouches
• Bottles & Jar
• Food Supplements
• Vitamin Deficiency
• Weight Management
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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