Profshare Market Research has recently published research report on Gummy Vitamins Market. According to research study market was valued at around USD 3506.42 million in 2019 is expected to show an impressive CAGR of 5.1 % between 2021-28. Primary market drivers are increasing health awareness, rising disposable income especially in the developing world as well as changing lifestyles.
Global Gummy Vitamins Market is expected to reach USD 5098.28 million by 2028. In 2020 despite the increment in demand market has seen a decline of around 2.3 % primarily due to Covid 19 pandemic. Supply chain has been disrupted to great extent in 2020 especially in first 2 quarters. Gummy Vitamins Market has seen steady growth in last 2 quarters of 2020 & estimated to grow at moderate growth rate during forecast period.
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In recent times market has seen intrinsic opportunities due to increasing demand of sugar-free and vegan gummies. Even though gelatin and sugar gummies holds strong market share, market trends is shifting towards more healthy vitamin consumption. Variety of flavours availability & easy to use nature of these Gummy Vitamins enabling the consumer to prefer these over conventional vitamin pills.
Single Vitamin & Multi Vitamin are primary product types considered in this research study. Multi Vitamin segment holds the highest market share in 2019 & likely to show strong growth rate between 2021 to 2028. High cost associated with manufacturing & raw materials retraining the growth of market to some extent. But on the brighter side rise in demand of both Synthetic & Natural flavours as well as increasing reliability propelling growth of Gummy Vitamins Market.
Gummy Vitamins are primarily used by Children as well as Adults. Between 2015 to 2019 Adults’ consumption of Gummy Vitamins was far more compared to Children & market is likely to follow same trend between 2021 to 2028. Busier lifestyle among the Adults resulting into more demand of Gummy Vitamins due to its ease of use. Natural flavoured & sugar-free vitamin gummies have become very popular among the adult population.
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Gummy Vitamins Market is analysed for North America, Latin America, Europe, the Middle East, Asia Pacific, and Africa region. Regional outlook provides precise information regarding market volume, revenue & growth rate. Europe region leads the market & expected to continue strong growth rate during forecast period. North America holds second highest market share followed by Asia Pacific region.
Competitive analysis helps to understand market share, positions & strategies of the various manufacturers. Global Gummy Vitamins Market is highly competitive & the entry barrier is minimal. Many new companies are emerging in the market especially in the Asia Pacific region. Key players are identified through secondary research & further analysis use both primary & secondary market research model.
The research report includes the extensive use of primary and secondary data sources. The research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Gummy Vitamins Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used top-down, bottom-up approach, SWOT analysis & supply-demand analysis models to get precise market information.
- Single Vitamin
- Multi Vitamins
End User analysis
The research report on Gummy Vitamins Market includes a competitive analysis that provides a better insight into the major manufacturers of Gummy Vitamins. These major players include:
- Hero Nutritionals
- Herbaland Naturals Inc.
- Wellnext Health
- Melrob Group
- Makers Nutrition LLC
- Santa Cruz Nutritionals
- Nutra Solutions USA
- Contract NUTRA
- ABH Labs, LLC
- Boli Naturals LLC
- Vitakem Nutraceutical Inc.
- Ferrara Candy Company
- Gimbal Brothers, Inc.
- Ernest Jackson
- F. Hunziker + Co AG
- Softigel By PROCAPS
- Sirio Pharma
- BAYER AG
- The Honest Company Inc
- SmartyPants Vitamins
- Church & Dwight Co. Inc.
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