Industry Background:
Gummy supplements includes collagen and vitamin gummy as compare 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 available in various flavor such as cherry, orange, and raspberry, etc., chewiness that make them attractive to adults and children alike, as chewing gummies supplements is more convenient than swallowing capsules or pill for anyone. Gummy supplements can be modified to meet precise consumer preferences. For example, reduced sugar, increased fiber, natural colors and flavors, and specialized texture are all possibilities.
According to AMA Research, the market for Gummy Supplement is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Awareness Campaigns on Preventive Care
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Hero Nutritonals (United States), Ayanda (Germany), Makers Nutrition (United States), Life Science Nutritionals (Canada), Softigel (Colombia), Rainbow Light Nutritional Systems, Inc. (United States), Gimbals Fine Candies (United States) and Herbaland Naturals Inc. (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022 Abbott, the global healthcare leader, has launched Arachitol Gummies in India, a new fruit flavored product for kids and adults. Arachitol Gummies is a dietary supplement that helps maintain required levels of Vitamin D sustainably. As the body needs vitamin D to absorb calcium for better bone health, keeping recommended levels of vitamin D is essential for overall well-being.4 Formulated with additional essential micronutrients such as calcium and curcumin, they help support bone health and immunity.1 Launched in orange fruit flavor, these easy-to-consume gummies are approved as health supplements by the Food Safety and Standards Authority in India
Influencing Trend:
Advent of New Organic Formulated Gummy Supplements
Market Growth Drivers:
Increasing Awareness Campaigns on Preventive Care and Rising Cases of Undernourishment and Malnutrition in Developing Countries
Challenges:
Low Awareness in Some Regions
Restraints:
Overconsumption of Gummy Supplements Results in Several Side Effects
Opportunities:
Easy Availability of Gummy Supplements in the Retail Store as well as Online
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Gummy Supplement Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Gummy Supplement Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Gummy Supplement players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Gummy Supplement Study Sheds Light on
The Gummy Supplement Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Gummy Supplement industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Gummy Supplement industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.