Gummy Vitamins Market, By Type (Single Vitamin (Biotin, Omega and DHA, Vitamin C, CoQ10, Vitamin D3, Melatonin, High-Fiber Formulas) Multivitamins), By Age Group (Children and Adults) By Distribution Channel (Online, Hypermarket, Supermarket, Specialty Stores, Others)– Global Insights, Trends and Forecast, 2017 - 2025

Created On: Oct-2018
Report ID: IR303
Format: PDF

Gummy Vitamins Market: Introduction

Gummy Vitamins are a class of supplements that are in the form of gummies. These gummies possess the same properties that of traditional vitamins but are more convenient and appealing. According to Insights and Reports analysis, the global gummy vitamins market is projected to grow at a CAGR of over 4.5% during the forecast years. The growing penetration of gummy vitamins in the dietary supplements market coupled with the increasing adoption rate are the major factors attributing to this growth. These gummy vitamins come with different tastes, shapes and colors which makes them more preferable among both kids as well as adults.

Gummy Vitamins Market: Trends

The growing popularity of gummy vitamins among children as well as adults is projected to boost the market during the forecast years. Moreover, the growing demand for dietary supplements owing to their health benefits is also anticipated to surge the demand for gummy vitamins during the forecast period. Furthermore, the problems of pill fatigue among the adults can also be resolved through the use gummy alternatives thereby adding to the market demand. However, lack of awareness about the gummy vitamins coupled with the presence of excessive sugar in the products are anticipated to be some of the major restraining factor of the global gummy vitamins market.  

The major manufacturers are constantly investing of research and development activities to gain a larger share in the market. The production of sugar free gummy vitamins as well as using alternative sweeteners is anticipated to be a major trend by the end of the forecast years.  

On the basis of type, the multivitamin segmented is projected to be the dominant segment during the forecast years. The rising intake of multivitamins across the globe has led to the development of new tastes and shape which is projected to act as a major driving factor contributing to the growth of the segment. On the basis of age group, children gummy vitamins are projected to be the dominant segment, whereas the adult gummy vitamins segment is projected to witness the highest CAGR during the review period. The growing pill fatigue among adults is acting as a major trigger in the demand for gummy vitamins, and is projected to show the same trend throughout the forecast period.

Regional Acumens:

On the basis of region, the global gummy vitamins market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. According to Insights and Reports analysis, the North American region is projected to dominate the global gummy Vitamins market closely followed by the European market during the review period.  The growing dependency of dietary supplements mainly in U.S coupled with the presence of major pharmaceutical manufacturers is expected to drive the North American gummy vitamins market. Asia Pacific market of gummy vitamins is set to display the highest CAGR during the assessment years. According to Insights and Reports analysis the Asia Pacific market of gummy vitamins is projected to grow at a CAGR of over 3% during the forecast period.

Competitive Landscape:

The proficient players operating in the global Gummy Vitamins market has adopted various organic and inorganic growth strategies to enhance their presence in the global market. Some of the major players operating in the global Gummy Vitamins market are Abh Labs, Vitakem Nutraceutical, Inc, Gimbal Brothers, Inc, Makers Nutrition, Llc, Nutra Solutions USA, and Ernest Jackson & CO.LTD among others.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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