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Gummy Vitamins Market: Size to Hit USD 24.74 Billion by 2032 | CAGR of 12.75% - Report By IMR
Market Overview:Gummy Vitamins Market Size Was Valued at USD 8.40 Billion in 2023 and is Projected to Reach USD 24.74 Billion by 2032, Growing at a CAGR of 12.75% From 2024-2032.
Gummy vitamins are a type of that comes in the form of chewable which contain a variety of essential vitamins and minerals, such as vitamin C, vitamin D, B vitamins, etc. supplement essential vitamins and minerals in the regular diet.
Gummy vitamins serve as a convenient way to supplement essential vitamins and minerals in the diet such as vitamin C, vitamin D, B-complex vitamins, etc. Gummy vitamins which are enriched with biotin, collagen, and other vitamins and minerals help to promote healthy hair, skin, and nails. The gummy vitamins appeal to consumers looking for holistic approaches to skincare and beauty from within.
Gummy Vitamins Market Top Key Players:
The Nature's Bounty Co. (USA), SmartyPants Vitamins (USA), Bayer AG (Germany), Swisse Wellness Pty Ltd. (Australia), Vitafusion (USA), Amway India (India), Pure Encapsulations (USA), Natrol LLC (USA), Nutramarks, Inc. (USA), Rainbow Light Nutritional Systems (USA), Accurate Supplements (India), Rainbow Light Nutritional Systems (USA), Nature's Way Brands, LLC (USA), Garden of Life (USA), Webber Naturals (Canada), Vitakraft (Germany), Dr. Tobias (USA), Hero Nutritionals (USA), Yummi Bears (USA), Sundown Naturals (USA), Zanon Vitamec (Italy), Nutraceutical Corporation (USA), Best Source Nutrition (India), Sirio Pharma (China), Contract NUTRA (USA), Boli Nutrition (USA) and Other Active Key Players
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Gummy Vitamins Market Trend Analysis
Health Consciousness and Awareness of Supplement Benefits
With a growing emphasis on personal well-being, most individuals are seeking ways to improve their overall health.
Modern lifestyles often involve fast-paced routines, leading to less time for meal preparation and balanced eating which further results in convenient solutions like gummy vitamins. They can be easily transported and consumed without the need for water. They are easily available in online retail stores, pharmacies, and health food stores. This ensures product awareness and accessibility.
Some of the gummy vitamins are marketed as energy-boosting supplements which mainly contain B-complex vitamins and ginseng extract. There is continuous innovation in flavours which keeps the gummy vitamins market dynamic and exciting, attracting both new and existing consumers.
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Market Segmentation
By Product Type
•Single Vitamin
•Multivitamin
•Probiotic
•Hair & Skin Support
•Prenatal
•Others
By Source
•Animal-based
•Plant-based
By Distribution Channel
•Supermarkets
•Convenience Stores
•Online Retail Stores
•Drug and Medical Stores
By End-user
•Children
•Adults
Gummy Vitamins Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
In the Asia Pacific region, there is a growing awareness and focus on health and wellness among consumers which insist on them seeking convenient and enjoyable options. Urbanization and economic development in countries across the Asia Pacific have led to significant changes in lifestyles, and dietary habits and also an increase in disposable income contributes to dominance.
The growth of e-commerce, the development of robust distribution networks, and the increase in disposable income contribute to the market dominance of gummy vitamins in the market. Technological advancements result in increased awareness and education about the gummy vitamins. Asia Pacific is home to a large population which leads to the demand for gummy vitamins catering to child and maternal nutrition needs is expected to drive market growth.
Regional Analysis:
•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments in the Gummy Vitamins Market:
On 9th May 2023, TopGum company launched their coffee-flavored caffeine naming them as Gummiccino. Also, TopGum was awarded Best-Tasting New Functional Food for its high-dosage vitamin C gummy.
On 6th March 2023, P&G's VÖOST vitamin brand launched multivitamin vitamin.
Key Benefits for Industry Participants & Stakeholders:
•Industry drivers, restraints, and opportunities covered in the study
•Neutral perspective on the market performance
•Recent industry trends and developments
•Competitive landscape & strategies of key players
•Potential & niche segments and regions exhibiting promising growth covered
•Historical, current, and projected market size, in terms of value
•In-depth analysis of the Gummy Vitamins Market
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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