Gummy Vitamins Market Report Forecasts Exponential Growth by 2022 - Scalar Market Research

Gummy vitamins have gained popularity among children as well as health conscious adults who wish to have a longer life expectancy. Gummy vitamins come in varied colors, shapes and sizes. In addition, the key market players are making innovative changes to the product formulation which is increasing the consumer interest and favoring the progress of the market. They come in two forms – single vitamins and multivitamins. The overall market is growing at a steady pace worldwide. However, in some of the regions due to stringent food regulations, the market tends to get hampered. This report studies the current and future aspects of the gummy vitamins market.

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The report on the global gummy vitamins market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The gummy vitamins market is growing at a rapid pace during the forecasted period mainly because of increasing consumer preferences for dietary supplements. Key market players are collaborating and investing on product development, which is creating newer growth opportunities for the gummy vitamins market.

2. There is an increasing demand for multivitamin supplements among the health-conscious adults to compensate their daily dietary requirements. This factor is promoting the market growth. Moreover, the key manufacturers are using superior production facilities to produce large variety of gummy vitamins, which is contributing towards the market growth.

The global gummy vitamins market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North America region holds the highest market share. The region continues to dominate the global gummy vitamins market during the forecasted period because of increasing uptake of dietary supplements by the young population. Other factors which are boosting the market growth include rising number of key market manufacturers and increasing disposable income of the population. The Europe region is also witnessing a steady market growth because of rise in demand for products, and innovations being done in the gummy vitamins formulations. The market is also expected to grow in the Asia-Pacific region due to strong demand for vitamins and dietary supplements.

MARKET SEGMENTATION

This report analyzes the gummy vitamins market by the following segments:

Gummy Vitamins Market, by Product

1. Single Vitamin
2. Multivitamins

Gummy Vitamins Market, by Age Group

1. Children
2. Adults

KEY MARKET PLAYERS

Key players in the gummy vitamins market include:

1. ABH Labs, LLC
2. Boli Naturals LLC
Vitakem Nutraceutical Inc.3.
4. Ferrara Candy Company
5. Gimbal Brothers, Inc.
6. Melrob Group
7. Makers Nutrition, LLC
8. Santa Cruz Nutritionals
9. Nutra Solutions USA
10. Contract NUTRA

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