Gummy Vitamins Industry | Business Growth and Market Forecast to 2028

Posted by suraj on December 24th, 2020

Market Synopsis 

As per the research conducted by Market Research Future (MRFR), the global Gummy Vitamins Industry is poised to acquire the market value of USD 9,395.1 million, expanding at a CAGR of 9.19% during the evaluation period from 2020 to 2028.

The health benefits provided by the gummy vitamins is the most significant factor driving the global gummy vitamins market 2020. The gummy vitamins have gained significant popularity among the working class owing to the hectic working schedule, prolonged working hours, which weakens their health. Further, the gummy vitamins provide strength to immunity, cure low bone strength, and provide necessary nutrients to the body.

Key Players 

The renowned players of the Global Gummy Vitamins Industry are Inc. (U.S.), Rainbow Light Nutritional Systems, HERBALAND Naturals Inc. (Canada), Church & Dwight Co., Inc. (U.S.),  Olly Public Benefit Corporation (U.S.), Gimbals Fine Candies (U.S.),   Bayer Group (Germany), SOFTIGEL (U.S.), ZANON VITAMEC USA Inc. (U.S.), PHARMAVITE LLC (U.S.), Nature's Way Products, LLC (U.S.), Life Science NUTRITIONALS (Canada), S Hero NUTRITIONALS, LLC (U.S.),  SMARTYPANTS Inc. (U.S.), BETTERA Wellness Corp. (U.S.), and The Nature's Bounty Co. (U.S.).

Market Segmentation

The segment analysis of Gummy Vitamins Industry is done by type, end-user, and distribution channel.

The type-based segments of the global gummy vitamins market are single vitamins and multivitamins. Single Vitamins are projected to procure a CAGR of 8.88% during the review period. Further, multivitamins are estimated to record a notable CAGR, while acquiring the market value of USD 6,610.8 million by 2028.

The end-user-based segments of the gummy vitamins market are adult and child. The adult segment is predicted to garner market value of USD 6,618.5 million by 2028.

Geographical Analysis 

Based on the region, Gummy Vitamins Industry is segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa.

As per the analysis, Europe is estimated to record a CAGR of 9.40%, while procuring the market value of USD 2,939.7 million by 2028. As per the research, the most significant factor responsible for the development of the regional market is the surging demand for natural and organic food products. Further, the surging demand for nutritious food and beverages is likely to steer the market during the forecast period.

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