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Global Gummy Vitamin Market size was valued at around 23.91 billion in 2023 and is expected to reach a value of USD 63.69 billion by 2032, at a CAGR of 11.5% over the forecast period (2024–2032).
The Global Gummy Vitamin Market is a dynamic part of the overall dietary supplements market, spearheaded by shifting consumer desires and increasing concern with health and well-being. The gummy vitamin, originally seen as a palatable alternative to the pill and the capsule, has propagated far and wide in market space since they are easy to take, tasty to consume, and appealing across various age groups. They are swallowable tablets that cater to diverse nutritional needs varying from general health, immune function, energy, and specific deficiencies with child, adult, and elderly formulas offered.
Gummy vitamins are propelled by various driving factors including the overall phenomenal prevalence of nutritional deficiencies, lifestyle needs, and the acquisition of preventive healthcare. While individuals sought an effortless means of incorporating products into lifestyle, chewability in the case of gummy vitamins has been particularly pursued. Also, the gummy vitamin image of a "fun" and enjoyable way to promote health has assisted them in developing a larger consumer base than traditional supplement consumers, aiming at those who may otherwise avoid the use of dietary supplements.
Innovation is a significant factor in market growth for gummy vitamins. Companies are constantly working on new shapes, flavouring, and functional ingredients as a means of building their brand and addressing various needs of health-oriented consumers. The ready availability of natural and organic ingredients, sugar-free ingredients, and plant derivatives has also gained popularity in the market among consumers with special dietary requirements or preferences. In addition, the need for clean-label foods with transparency in ingredients and processes has also impacted consumer buying behaviour, reflecting industry trends in food and dietary supplements.
Expansion in direct-to-consumer channels and e-commerce has also spurred the market to expand the product convenience among customers with more exposure to a range of gummy vitamins. Direct-to-consumer retailers expose customers to product ease of home delivery, product reviews, and product information, which drives expansion in mature and emerging markets. Convenience, taste, and health messaging by brands have also driven customer demand.
Though it has strong growth, the gummy vitamins category is vulnerable to risk on sugar content, stability of active ingredients, and regulatory attention. The category is resisting these threats with low-sugar or sugar-free products and novel technologies for demonstrating efficacy and active ingredient shelf life. The very regionalized nature of the regulatory environment compels companies to maintain high compliance in conjunction with product innovation.
The market scope is segmented because of by Product, by Ingredient, by End-Use.
Based on the Product of the market is segmented into Vitamins, Minerals, Carbohydrates, Omega Fatty Acids, Proteins & Amino Acids, Probiotics & Prebiotics, Dietary Fibers, CBD/CBN, Psilocybin/Psychedelic Mushroom, Melatonin, Others.
Gummies for vitamins dominated the market at 24.1% in 2023, as growing instances of deficiency in vitamins stimulated demand. Humans are primarily deficient in vitamins as a result of diet and lifestyle, especially in Vitamin D and B12. Gummies provide a convenient method of restoring the vitamins. Apart from this, vitamin gummies are gaining extreme popularity among professionals as they Favor metabolic well-being and control the glycaemic index & folic acid level of the human system. Apart from this, fruitful advertisement campaigns, such as medical professional endorsement and social media marketer endorsement, have increased awareness & demand for vitamin gummies. In April of 2022, Nature's Truth, which manufactures wellness products, such as supplements and vitamins, introduced numerous vitamin gummies for adults due to the trend for vitamin gummies.
The psilocybin/psychedelic mushroom gummies market will be able to reach a CAGR of 18.6% during the forecast period 2024-2032 due to more interest in alternative medication, shifting attitudes toward psychedelics, improved dosage control, and flavour. New products are being launched by producers because the demand for psilocybin/psychedelic mushrooms is growing. For example, in January of 2023, Nevada's Galaxy Treats, a manufacturer of cannabinoids and active ingredients, launched its new Moon Shrooms Amanita Mushroom Gummies product. The gummies contain Amanita mushrooms, which are psychedelic, and are part of the company's growing portfolio of new age products.
Based on the Ingredient of the market is segmented into Gelatine, Plant-based Gelatine substitutes.
Gelatine was the dominant market with a revenue market share of 68.1% in 2023 due to its texture, versatility, affordability, availability, stability, and compatibility with other ingredients. Gelatine is compatible with a broad variety of other ingredients such as vitamins, minerals, and Flavors, making it a manufacturer's go-to to produce functional gummies with added health benefits.
Also, Gelatine gummies have a soft, chewy feeling, and many people would desire this. In addition to their texture feeling very much like what is commonly thought of when seeing traditional gummy candy, for this reason as well they will be great tasting to consume. Also, the stability is not bad for these and can accept temperature and humidity changes well enough, and in this manner best suited for storage and shipping.
The Gelatine substitutes derived from plants are expected to grow at a rate of 12.2% CAGR for the period from 2024 to 2032 due to health and ecological concerns and dietary pattern changes. Consumers are now more concerned with their health and the environment and want products in line with these concerns. Plant-based gummies are considered better for health and the environment versus Gelatine gummies produced from animal-based sources. Besides, the majority of consumers eat vegan or vegetarian and are looking for gummies that align with their diet. Plant-based gummies are a more suitable option for such consumers as they do not have any animal-derived elements.
By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. The global market for gummy vitamins has been controlled by North America due to several factors among which high levels of consumer awareness regarding dietary supplements, a high emphasis on preventive medicine, and high disposable incomes are prominent. The highly established distribution channels of the region like pharmacies, supermarkets, and the internet and its highly established healthcare infrastructure have placed gummy vitamins in easy reach. Both the availability of the principal manufacturers and regular product innovations with local preferences have spurred market expansion. North America's dominance is provoked by demand for clean-label, sugar-free, and organic products due to the high premium on transparency of product labels and health concern.
The Asia-Pacific region, however, will be most likely to experience the most rapidly growing gummy vitamin market. Urbanization, middle-class health awareness, and changing eating habits are the key drivers for this rapid growth. Gummy vitamins are one of the dietary supplements in great demand owing to increasing disposable incomes and an emphasis on preventive care in countries such as China, India, and Japan. Additionally, the products are becoming increasingly available as a result of the development of e-commerce platforms and direct-to-consumer channels within the region. Government health and wellness campaigns and the introduction of regional Flavors and formulations to cater to various consumer tastes are expected to drive further growth of the gummy vitamin market within the Asia-Pacific region.
In March 2023, A probiotic gummy that combines prebiotics, probiotics, and postbiotics was introduced by Goli Nutrition Inc. These gummies boost immunity and preserve a balanced gut flora.
The report will cover the qualitative and quantitative data on the Global Gummy Vitamin Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-32 |
Base Year | 2023 |
Estimated Forecast Year | 2024-32 |
Growth Rate | CAGR of 11.5% from 2024 to 2032 |
Segmentation | By Product, By Ingredient, By End-Use, By Region |
Unit | USD Billion |
By Product |
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By Ingredient |
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By End-Use |
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By Distribution Channel |
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By Region |
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North America accounted for the highest Gummy Vitamin Market% market share in terms of revenue in the Gummy Vitamin Market and is expected to expand at a CAGR of Gummy Vitamin Market% during the forecast period. This growth can be attributed to the growing adoption of Gummy Vitamin Market. The market in APAC is expected to witness significant growth and is expected to register a CAGR of Gummy Vitamin Market% over upcoming years, because of the presence of key Gummy Vitamin Market companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Gummy Vitamin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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05 Nov 2024