vitamin gummies market Growing: Projected to produce US$ 4050 million by 2023 and US$ 7352.3 million by 2033 at a 6.5% CAGR. Vitamin Gummies Gain Popularity for Providing Vital Health Support, Especially for Those on Strict Diets or Leading Busy Lives, Fulfilling the Demand for Convenient Nutrient Intake.
According to FMI, the vitamin gummies market is anticipated to generate US$ 4050 million by 2023. According to projections, the market would expand at a pace of 6.5 percent, or US$ 7352.3 million, between 2023 and 2033. Multivitamin gummies are expected to become more popular because they provide vital support for general health and wellness. They are enjoyable and useful sources of vitamins and minerals that support regular body function by filling in nutritional shortages.
Unlocking the Nutrient-Packed Trend for Wellness Enthusiasts: Vitamin Gummies’ Health and Beauty Potential :
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These kinds of gummies are a huge assistance to those who are extremely busy, maintain strict diets, or have trouble eating. They thereby guarantee that the body receives the nutrients required to maintain energy and excellent health.To meet growing customer demand, research is being done on vitamin gummies. The more funds allocated to this research, the more well-liked vitamin gummies are growing. Supplements are driving the market for healthful, balanced eating options.
Gummies have garnered a lot of attention in the wellness and cosmetic sectors over the past few years after the release of Covid-19 last year. Gummies are a multivitamin supplement that aids in the regeneration of skin and hair.
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 industry 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 industry 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.
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 industry 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.
Explore the Global Vitamin Gummies Market: Analyze Regional Trends, Growth Prospects, and Market Dynamics with Our Customizable Report :
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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
Know More about What the Vitamin Gummies Market Report Covers
Future Market Insights offers an unbiased analysis of the global vitamin gummies industry providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the vitamin gummies industry the market is segmented based on product type, customer orientation, source, packaging type, and sales channel industry type across six major regions.
Curious about the Impact of Centrum’s Specialized Nutrition Gummies in the Indian Market? Ask Our Analysts for Insights and Trends :
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About Food & Beverage at Future Market Insights
The food & beverage team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
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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