Market Snapshot:
Gummy vitamins are chewable vitamins which are same to gummy candies in their texture & taste. They comes into variety of flavours, colours, and shapes. Vitamins are mostly popular in Adults population owing to health benefits associated with it. Additionally, it is consumed by children’s and geriatric population to prevent vitamin deficiency. Gummies vitamin are mostly preferred by those who does not like to consume swallowing pills of vitamins. They are available in number of flavours without addition of any artificial sweeteners, flavours & colours. Gummy vitamins are made from gelatine, sugar, colouring agents and corn starch. Popular flavours comprise raspberry, lemon, cherry, and orange. They are available with composition of single or multivitamins. Usually, multivitamin consist of vitamin C & A and D. Geographically, Asia Pacific is expected gain more demand followed by North America and Europe. Rising Adult Population in China, India is creating bundle of opportunities for the market. Booming nutraceuticals demand with changing life style trends is impacting on the market positively. During the Pandemic, raised concerns regarding maintaining immunity and overall health has created growth opportunities for the market.
Highlights from Adult Gummy Vitamin Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Bayer AG (Germany), Church & Dwight Co., Inc. (United States), Cargill Incorporation (United States), Solistaa Pharmaceuticals Private Limited (India), Lactonova nutripharm Pvt Ltd (India), IM Healthcare (India), SMPNutra (United States), Kirkland (United States), Amapharm GmbH (Germany), Nutra Solutions USA (United States), Olly Public Benefit Corp. (United States) and Bettera Brands, LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Adult Gummy Vitamin market presents a comprehensive analysis of the Adult Gummy Vitamin market by product type (Single Vitamin and Multivitamin), by end-user/application (Weight Management, Food Supplement, Immunity, Vitamin Deficiency and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Adult Gummy Vitamin industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Adult Gummy Vitamin market
Analyst at AMA have segmented the market study of Global Adult Gummy Vitamin market by Type, Application and Region.
Influencing Trend:
Inclination of Adults towards Consuming Gummies Vitamin as Weight Management Nutraceutical Product on Daily Basis
Market Growth Drivers:
Growing Awareness Regarding Healthy Food Supplements Is Driving the Demand for Gummies Vitamin, Ease In Accessibility Owing To the Presence of E-Commerce Stores As Prominent Distribution Channel Is Expected To Boost the Demand for Gummies Vitamin and Rising Preference for Cost Efficient Nutraceuticals Products i.e. Gummies Vitamin
Challenges:
Presence of Wide Range of Other Nutraceutical Healthy Supplements
Restraints:
Side Effects Associated With Excess Consumption of Vitamins May Restrain the Demand for Gummies Vitamin
Opportunities:
Raised Demand for Nutraceuticals as Food Supplements Has Created a Growth Opportunity for the Market and Preference For Vitamin C And Vitamin D To Maintain Immunity And Overall Health During Pandemic Has Created Demand For The Gummy Vitamins
Market Developments Activities:
In November 2020, Unilever has acquire SmartyPants Vitamins, U.S.& 8208; based Vitamin, and Mineral & Supplement company. SmartyPants Vitamins is mainly provides ;GMO certified ingredients based vitamin products and a range of sustainably sourced bio‐available nutrients. Due to this acquisition, Unilever has strengthen their portfolio of nutraceuticals.
In April 2022 Abbott, the global healthcare leader, has launched Arachitol Gummies in India, a new fruit flavored product for kids and adults.
The market of Adult Gummies Vitamin is expected to grow with rising demand from adults to maintain their health & weight. Market specifically witnessing huge demand owing to rising nutraceutical industry. Though issues associated with side effects with excess consumption is creating burden on the market. Major players like Pfizer, Bayer Inc., in the industry are gaining attention from the market.
Key Target Audience
Adult Gummies Vitamin Manufacturers Suppliers and Distributors, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries