Market Snapshot:
Gummy Vitamin is known as a vitamin supplement available in the form of gummies. When compared to the traditional capsules and pills, supplements in the form of gummies can be more convenient and appealing, not only for kids but also for the older adults. It is the flavorings (cherry, orange, and raspberry, etc) and chewiness that make them attractive to adults and children alike, as chewing gummies vitamins is more convenient than swallowing capsules or pill for anyone. Gummy vitamins not only just gained popularity among the children, at whom the product was initially pitched as an attractive alternative to bitter pills but also among the adults who are conscious about health and want to better life expectancy. As a result, their market can be seen progressing steadily. Also, Stay up-to-date with latest research insights on "
Adult Gummy Vitamin Market Sizing and Growth Outlook".
Highlights from Gummy Vitamin Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are Rainbow Light Nutritional Systems, Inc. (United States), Gimbals Fine Candies (United States), Herbaland Naturals Inc. (Canada), Hero Nutritionals, LLC (United States), Olly Public Benefit Corporation (United States), Softigel (United States), Bayer Group (Germany), Pharmavite LLC (United States), Church & Dwight Co., Inc. (United States) and Life Science Nutritionals (Canada). Additionally, other players that are part of this comprehensive study are Zanon Vitamec USA Inc. (United States), Bettera Wellness Corp. (United States), SmartyPants Inc. (United States), Nature's Way Products, LLC (United States) and The Nature's Bounty Co. (United States).
Geographic Breakdown and Segment Analysis
The Global Gummy Vitamin market presents a comprehensive analysis of the Gummy Vitamin market by product type (Single Vitamin and Multi vitamin), by end-user/application (Pharmaceutical, Chemical, Food and Other), 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 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 Gummy Vitamin market
Analyst at AMA have segmented the market study of Global Gummy Vitamin market by Type, Application and Region.
Influencing Trend:
Advent of new organic formulated gummy vitamins
Market Growth Drivers:
Increasing awareness campaigns on preventive care, Increasing consumer demand and Rising cases of undernourishment and malnutrition in developing countries
Challenges:
Low awareness in some regions
Restraints:
Overconsumption of gummy vitamins results in several side effects
Opportunities:
Easy availability of gummy vitamin in the retail store and online as well
Market Developments Activities:
In May 2021,SmartyPants Vitamins is rolling out a new version of its line of gummy products which are formulated without the use of gelatin. Debuting at Walmart stores nationwide, new products include Kids & Toddler, Prenatal & Postnatal, Teen, and Women’s gummies, which also feature new flavors.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment.
Key Target Audience
Manufacturers of Product, Supplier of Product, Importers and Exporters of Gummy Vitamin, Research Organization, Government Bodies and Others