Market Overview:
The global Gummy Supplements Market is estimated to be valued at US$ 3,721.78 Mn in 2022 and is expected
to exhibit a CAGR of 4.88% over the
forecast period of 2022-2030, as highlighted in a new report published by
Coherent Market Insights. Gummy supplements refer to chewable vitamins and
minerals in the form of gummy candies. They offer various advantages such as
easy consumption, better absorption, and enhanced taste, which make them
appealing to consumers. Gummy supplements meet the growing need for convenient
and enjoyable ways to incorporate essential nutrients into daily diets. The
rising health consciousness among consumers, coupled with the increasing
preference for wellness and preventive healthcare, is driving the demand for
gummy supplements in the market.
Market Key Trends:
With the increasing awareness about the importance of overall wellness and
preventive healthcare, there is a growing trend of incorporating gummy
supplements as a part of daily dietary routines. Gummy supplements offer an
attractive and flavorful alternative to traditional pills, which can be challenging
to swallow for some individuals. The pleasant taste and chewable form of gummy
supplements appeal to both children and adults, making them a popular choice in
the market.
Moreover, gummy supplements are not limited to essential vitamins and minerals
but also include a wide range of functional ingredients such as probiotics,
omega-3 fatty acids, and herbal extracts. These supplements cater to specific
health concerns like gut health, immune support, bone strength, and cognitive
function. The inclusion of functional ingredients in gummy supplements adds to
their market appeal and provides consumers with targeted health benefits.
Overall, the gummy supplements market is witnessing significant growth due to
the increasing health consciousness among consumers and the demand for
convenient and enjoyable ways to incorporate essential nutrients
Segment Analysis:
The gummy supplements market can be segmented based on type, distribution
channel, and region.
Based on type, the market is dominated by multivitamin gummies. This segment is
expected to witness high growth over the forecast period. The dominance of
multivitamin gummies can be attributed to the increasing consumer awareness
about the benefits of taking multivitamins for overall health and wellbeing.
Additionally, the convenient and enjoyable nature of gummies makes them more
appealing to consumers. Other sub-segments in the gummy supplements market
include omega-3 gummies, probiotic gummies, and collagen gummies.
Key Takeaways:
The global Gummy
Supplements Market Share is expected to witness high growth, exhibiting
a CAGR of 4.88% over the forecast
period. This growth can be attributed to several factors. Firstly, there is a
growing emphasis on preventive healthcare and wellness, leading to increased consumption
of dietary supplements. Gummy supplements offer a convenient and enjoyable way
for consumers to incorporate essential nutrients into their daily routine.
Additionally, the rise of e-commerce platforms has made these supplements
easily accessible to consumers, further driving market growth.
In terms of regional analysis, North America is expected to be the
fastest-growing and dominating region in the gummy supplements market. This can
be attributed to the high prevalence of lifestyle diseases, increasing
health-consciousness among consumers, and a well-established dietary
supplements market in the region. Furthermore, the growing popularity of gummy
supplements among children and older adults is also contributing to the market
growth in North America.
Key players operating in the gummy supplements market include GlaxoSmithKline
(GSK), Bayer AG, Amway Corporation, Church & Dwight Co. Inc., Nestle SA,
Hero Nutritionals® LLC, Aesthetic Nutrition Pvt. Ltd (Power Gummies), Unilever
PLC, and Jagzee Enterprises (Nutrazee). These companies are focusing on product
innovation, strategic partnerships, and expanding their distribution networks
to gain a competitive edge in the market.
Overall, the gummy supplements market is expected to experience significant
growth due to increasing consumer preference for convenient and enjoyable
dietary supplements, the rising prevalence of lifestyle diseases, and the
expanding e-commerce sector. North America is anticipated to be the key region
driving market growth, while key players continue to innovate and expand their
product offerings.
Read More,
0 Comments