Global Gummy Vitamins Market size is projected to be valued $4.5 Billion by 2025; with a CAGR of 5.3% from 2017 to 2025. Supplements in the form of gummies can be more suitable and pleasing as compared with regular pills and capsules. Presently, customers’ preferences have changed pertaining to vitamins, minerals & supplement segment. The natural & organic gummy vitamins are significant supplements to get in a selection of vitamins & minerals in an easily consumable and delicious way. These vitamins have not gained popularity 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 report covers
Scope of the Global Gummy Vitamins Market
Product Type Segments
Industry Vertical Segments