Gummy Vitamins Market Overview :
Global Gummy Vitamins Market is estimated to reach $4.5 Billion by 2025; growing at a CAGR of 5.3% from 2017 to 2025.Gummy vitamins are the form of candies that are enriched with vitamins. When compared with regular pills and capsules, supplements in the form of gummies can be more convenient and pleasing. The natural & organic gummy vitamins are significant supplements to get in a selection of vitamins & minerals in an easily consumable and delicious way. Presently, customers’ preferences have changed pertaining to vitamins, minerals & supplement segment. These vitamins have not just gained popularity among children, at whom the product was pitched initially as an appealing alternative to bitter pills, but also among adults who are health conscious and want to better their life expectancy.
The primary factors that drive the growth of global gummy vitamins market include rising consumer demand for gummy vitamins due to diversity in taste and shape, growing awareness promotions concerning preventive care, and surging occurrences of undernourished and malnutrition children in underdeveloped economies. In addition, arrival of innovative gummy vitamins products based on organic formulations by prominent players is also supporting the growth of the market. However, risk related to side effects of over consumption of gummy vitamins may hinder the market growth. Moreover, increasing interest in extending life expectancy from these vitamins, and prenatal vitamin products used by women during pregnancy is expected to equally influence the overall growth of market during the forecast period.
Product type, application, industry vertical, and geography are the major segments considered in the global gummy vitamins market. Product type segment includes single and multi-vitamin. By application, the segment is bifurcated into vitamin deficiency, weight gain, immunity, and other applications. Furthermore, the industry vertical segment includes pharmaceutical, chemical, food, and others industry verticals.
Based on geography, gummy vitamins market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Germany, France, Italy, Russia, Spain, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Key players operating in the market include ABH Pharma Inc., Aktiv Organic, Boli LLC, Vitakem Nutraceutical Inc., Melrob Group, Bayer AG, Ferrara Candy Company, Gimbal's Gummy Vitamins, Nutra Solutions USA, and Makers Nutrition, LLC, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Gummy Vitamins Market with respect to major segments such as product type, application, industry vertical, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Gummy Vitamins Market has been included in the report
- Profile of the key players in the Global Gummy Vitamins Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Gummy Vitamins Market
Product Type Segments
- Single Vitamin
- Vitamin Deficiency
- Weight Gain
- Other Applications
Industry Vertical Segments
- Other Industry Verticals
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East