vitamin gummies market Thriving Projected to produce US$ 4050 million by 2023 and US$ 7352.3 million by 2033 at a 6.5% compound annual growth rate. Vitamin Gummies Gain Popularity by Providing Vital Health Support, Especially for Individuals on Strict Diets or Leading Busy Lives, Fulfilling the Demand for Simple Nutrient Intake.
According to FMI, the vitamin gummies market is predicted to generate US$ 4050 million by 2023. According to projections, the market is expected to expand at a pace of 6.5 percent, or US$ 7352.3 million, between 2023 and 2033. Multivitamin gummies are expected to become more and more popular because they provide vital support for general health and wellness. They are enjoyable and useful sources of vitamins and minerals that compensate for nutritional inadequacies to support regular bodily functions.
These gummies are a great help to people who struggle to eat, follow strict diets, or are very busy. By doing this, they ensure that the body gets the nutrients it needs to stay healthy and full of energy.Research on vitamin gummies is underway in response to the increasing demand from customers. The popularity of vitamin gummies is rising in direct proportion to the funding provided for this research. 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.
Unlocking the Nutrient-Packed Trend for Wellness Enthusiasts: Vitamin Gummies’ Health and Beauty Potential :
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Key Takeaways:
- The global vitamin gummies market is expected to reach US$ 7,352.3 million by 2033, driven by a compound annual growth rate (CAGR) of 6.5% from 2023.
- Multivitamin gummies are gaining popularity for providing essential health support, especially for individuals on strict diets or leading busy lives, meeting the demand for convenient nutrient intake.
- The market is projected to generate US$ 4,050 million by 2023, reflecting the increasing preference for enjoyable and functional sources of vitamins and minerals.
- Gummies prove to be a valuable supplement for those following strict diets, facing difficulty in eating, or leading busy lives, ensuring the body receives essential nutrients for vitality and good health.
- The beauty and wellness industries show a growing interest in gummies, particularly in the context of the COVID-19 pandemic, with gummies promoting skin and hair regrowth.
- Europe holds a significant share in the market, with Germany leading in microbiological testing and chemical contamination testing, while North America accounts for a substantial market share, ensuring safe food through mandatory testing at every manufacturing stage.
- The Asia-Pacific region is poised for the fastest growth in the vitamin gummies industry, driven by a booming food sector in developing economies and the implementation of stringent food safety regulations, especially in countries like India.
“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 vitamin gummies market witnesses growth as companies form strategic partnerships, invest in research and development, and expand their geographic presence to enhance customer bases.
- SmartyPants Vitamins launches innovative multivitamin SmartyPants Sugar-Free Multi & Omegas, catering to the demand for sugar-free gummies with zero grams of sugar and net carbohydrates.
- Centrum introduces specialized nutrition gummies in India, addressing nutrition gaps in a hectic lifestyle, offering a 100% vegetarian, gluten-free, and non-habit forming product.
- 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.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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