According to FMI, the vitamin gummies Market is likely to generate US$ 4050 million by 2023. A CAGR of 6.5% is forecast for the market between 2023 and 2033, indicating a US$ 7352.3 million market. As multivitamin gummy provides critical support for all-around health and well-being demand for these gummies is expected to grow in demand. As convenient and enjoyable forms of vitamin and mineral intake, they contribute to optimal body function by filling nutrient gaps.
These gummies are great for persons on strict diets, who have trouble eating, or who lead very busy lives. They thereby make sure that the necessary nutrients are taken in order to maintain vitality and optimal physiological function. Vitamin gummies are the subject of research to boost customer demand. The demand for vitamin gummies is rising as more money is invested on this study. Dietary supplements are fueling the need for wholesome and well-balanced meal options.
Over the past few years, gummies have drawn a lot of interest from the beauty and wellness industries, particularly since Covid-19 was introduced last year. A sort of multivitamin supplement called gummies promotes the growth of new skin and hair.
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Key Takeaways from the Market Study
- The global market for vitamin gummies is expected to reach US$ 6903 million by 2032.
- Globally, the United States accounted for 24.7% of the vitamin gummies market share in 2022.
- The market for vitamin gummies is expected to rise by 6.3% CAGR between 2022 and 2032.
- China accounted for an 11.2% CAGR in 2022, indicating continued growth in the market.
- According to projections, the Japanese market accounted for 4% of the global market by 2022.
- In 2022, Germany was responsible for 7.2% of the global market share for vitamin gummies in the market.
- The vitamin gummies market generated a CAGR of 6% between 2018 and 2022.
“Vitamin gummies will enjoy sustained demand for years to come due to their innovative flavors and attractive packaging. Natural products and premium pricing are expected to drive vitamin gummies’ growth in the market.” says an FMI analyst.
Top Players in the Vitamin Gummies Market:
- BAYER AG
- Pharmavite
- SmartyPants Vitamins
- Wellnext Health
- Church & Dwight Co. Inc.
- Life Science Nutritionals
- Taura Natural Ingredients Ltd.
- Viva 5 Corporation
- Olly Public Benefit Corporation
- Nowamyl
Competitive Landscape
The business of vitamin gummies is growing as many companies form strategic partnerships and collaborate with other businesses. There is a growing trend among vitamin gummies market players to invest heavily in research and development, to develop new products, to expand their geographic presence, as well as to establish partnerships in order to grow their customer base.
- On March 2023, SmartyPants Vitamins announced the launch of its most innovative multivitamin to date—SmartyPants Sugar-Free Multi & Omegas. The Sugar-Free Multi & Omegas from SmartyPants don’t contain sugar alcohols like other sugar-free gummies. In addition to having zero grams of sugar and zero grams of net carbohydrates, this new all-in-one supplement is sweetened using monk fruit extract and allulose to avoid digestive upset.
- On April 2023, Centrum launched gummies with specialized nutrition in India. Now in India, the company offers a wide range of enjoyable gummies packaged in a high-science supplement format – ‘Benefit Blends’. As Indian consumers live a hectic lifestyle, there are several nutrition gaps that are emerging. According to the company, the new specialized nutrition line is 100 percent vegetarian, gluten-free by nature, and non-habit forming.
Know More about What the Vitamin Gummies Market Report Covers
Future Market Insights provides historical data from 2018 to 2022 and projected figures from 2023 to 2033 in order to provide an unbiased study of the global vitamin gummies market.
The vitamin gummies market is categorised based on product type, client orientation, source, packaging type, and sales channel industry type across six major regions in order to understand opportunities.
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Vitamin Gummies Market Segmentation
By Product Type:
- Single Vitamin Gummy
- Biotin
- Omega & DHA
- Vitamin C
- CoQ10
- Vitamin D
- Melatonin
- High Fibre Formulas
- Multivitamin Gummy
- Probiotic Vitamin Gummy
- Bacillus Coagulans
- Lactobacillus
- Bacillus Subtilis
- Others (Yeast Etc.)
By Customer Orientation:
- Children
- Adult
- Men
- Women
By Source:
- Animal Based
- Plant-Based
By Packaging Type:
- Bottles & Jars
- Stand-Up Pouches
- Other Packaging Type
Sales Channel:
- Direct Sales
- Modern Trade
- convenience Store
- Departmental Store
- Specialty Store
- Drug Store/Pharmacies
- Online Retailers
- Other Sales Channels
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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