The dietary supplement market has expanded rapidly, owing to
rise in vitamin deficiency among the population, proliferation of
preventative healthcare solutions, taste, and convenience; thus,
motivating children and adults to consume vitamins. Therefore, this
factor is expected to boost the growth of the market.
WILMINGTON, Del., May 2, 2024
/PRNewswire/ -- Allied Market Research published a report,
titled, "Gummy Vitamin Market By Product Type (Single Vitamin,
Multivitamin, And Prebiotics), Source (Plant and Animal), Packaging
(Bottles & Jars And Pouches), Format (Traditional Gummies and
Sugar-Free Gummies), and Sales Channel (Hypermarket And
Supermarket, Specialty Stores, Retail Pharmacies, And Online Sales
Channel): Global Opportunity Analysis And Industry Forecast,
2023-2032". According to the report, the global gummy vitamins
market was valued at $9.1 billion in
2022, and is projected to reach $16.3
billion by 2032, registering a CAGR of 5.9% from 2023 to
2032.
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Brochure: https://www.alliedmarketresearch.com/request-sample/A06064
Prime determinants of growth
The dietary supplement market has expanded rapidly, owing to
rise in vitamin deficiency among the population, proliferation of
preventative healthcare solutions, taste & convenience; thus,
motivating children and adults to consume vitamins. Therefore, this
factor is expected to boost the growth of the market. However, the
gummy vitamins contain substantial number of added sugars. For
instance, one popular brand of gummy multivitamins for children
produces gummy vitamins with three different types of added sugars
and contains around 3 grams of sugar and around 15 calories per
gummy. Therefore, the high amount of sugar in gummy vitamins
restraints the growth of the market. The growing demand for
personalized nutrition and functional ingredients presents a
significant opportunity for the gummy vitamin market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2022
|
Market Size in
2022
|
$9.1 Billion
|
Market Size in
2032
|
$16.3
Billion
|
CAGR
|
5.9 %
|
No. of Pages in
Report
|
252
|
Segments
Covered
|
Product Type, Source,
Packaging, Format, Sales Channel, and Region
|
Drivers
|
• Increase in
prevalence of dysphagia
• Rise in
consumer consciousness toward preventive healthcare
|
Opportunities
|
Growth in demand for
personalized nutrition and functional ingredients
|
Restraints
|
High amount of sugar in
gummy vitamins
|
The multivitamin segment to maintain its
leadership status throughout the forecast period.
By type, the multivitamin segment held the highest market
share in 2022, accounting for more than three-fifths of the global
market revenue and is estimated to maintain its leadership status
throughout the forecast period. However, the probiotics segment is
projected to manifest the highest CAGR of 7.1% from 2023 to
2032.
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The animal segment to maintain its lead
position throughout the forecast period.
By source, the animals segment held the highest market
share in 2022, accounting for about four-fifths of the global gummy
vitamin market revenue and is estimated to maintain its leadership
status throughout the forecast period. However, the plant segment
is the fastest-growing segment and is projected to manifest the
highest CAGR of 7.3% from 2023 to 2032.
The bottles & jars segment to maintain its
lead position throughout the forecast period.
By packaging, the bottles & jars segment held the
highest market share in 2022, accounting for about four-fifths of
the global gummy vitamin market revenue and is estimated to
maintain its leadership status throughout the forecast period.
However, the pouches segment is the fastest-growing segment and is
projected to manifest the highest CAGR of 7.3% from 2023 to
2032.
The traditional gummies segment to maintain
its lead position throughout the forecast period.
By format, the traditional gummies segment held the highest
market share in 2022, accounting for about four-fifths of the
global gummy vitamin market revenue and is estimated to maintain
its leadership status throughout the forecast period. However, the
sugar free gummies segment is the fastest-growing segment and is
projected to manifest the highest CAGR of 8.0% from 2023 to
2032.
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The animal segment to maintain its lead
position throughout the forecast period.
By distribution channel, the animals segment held the
highest market share in 2022, accounting for about
one-fifth of the global gummy vitamin market revenue and is
estimated to maintain its leadership status throughout the forecast
period. However, the online sales channel segment is the
fastest-growing segment and is projected to manifest the highest
CAGR of 7.4% from 2023 to 2032.
North America
to maintain its dominance by 2032.
By region, Europe held the
highest market share in 2022, accounting for two-fifths of the
market revenue, and is estimated to maintain its leadership status
throughout the forecast period. In addition, the Europe region is projected to manifest the
highest CAGR of 7.6% from 2023 to 2032.
Leading Market Players: -
- UPFIELD B.V.
- KITE HILL
- MIYOKO'S CREAMERY
- TOFUTTI BRANDS, INC.
- TREELINE TREENUT CHEESE COMPANY, LLC.
- VTOPIAN ARTISAN CHEESES, LLC
- SAPUTO INC.
- PARMELA CREAMERY
- GOOD PLANET FOODS INC.
- NUTS FOR CHEESE
- ABOVE FOOD INC.
- TYNE CHEASE LIMITED
- BEL SA
- DANONE S.A.
- MAPLE LEAF FOODS, INC.
The report provides a detailed analysis of these key players in
the global gummy vitamin market. These players have adopted
different strategies such as new product launches, business
expansion, partnerships, mergers, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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