The Gummy Vitamins Global Market Report 2023 by The Business Research Company, provides gummy vitamins market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Gummy Vitamins Global Market Report 2023, the global gummy vitamins market size will grow from $6.47 billion in 2022 to $7.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the gummy vitamins is expected to grow to $10.3 billion in 2027 at a CAGR of 9.6%.
The growing undernourished population is significantly contributing to the growth of the gummy vitamin market. The undernourished population does not receive the minimal amount of food and nutrients required for growth. The gummy vitamins are being used as a nutritional source to meet the nutritional demand and can offer health benefits to the undernourished population.
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The gummy vitamins market is segmented:
1) By Product Type: Single Vitamin, Multi Vitamin, Probiotics
2) By Source: Plant, Animal
3) By End-User: Adult, Children
4) By Sales Channel: Hypermarket And Supermarket, Specialty Stores, Retail Pharmacies, Online sales Channel, Other Sales Channel
Product innovations have emerged as a key trend gaining popularity in the gummy vitamin market. Major companies operating in the gummy vitamin sector are focused on innovations to meet consumer demand and strengthen their position. For instance, in June 2021, Vitamin Angels, a UK-based start-up, launched 3D-printed, high-impact, personalised gummy vitamins for kids. Each package includes 28 vegan gummies that are gluten-free, sugar-free, and free of artificial flavours and colors. These are based on a monthly subscription and will be delivered through the letterbox every month.
Top Major Players
Church & Dwight Co. Inc.,
Life Science Nutritionals,
Bettera Brands LLC,
Nature’s Way Products LLC, Unilever PLC,
Herbaland
The gummy vitamins market report table of contents includes:
- Executive Summary
- Table Of Contents
- List Of Figures
- List Of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Market Trends
………..
- Opportunities And Strategies
- Gummy Vitamins Market, Conclusions And Recommendations
- Appendix
List Of Tables :
Table 1: Global Gummy Vitamins Market, Historic, 2017 – 2022, $ Million
Table 2: Global Gummy Vitamins Market, Forecast, 2022 – 2027, 2032F, $ Million
Table 3: Global Gummy Vitamins Market, Segmentation By Product Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
Table 4: Global Gummy Vitamins Market, Segmentation By Product Type, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
Table 5: Global Gummy Vitamins Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, %
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Table 192: Global Gummy Vitamins Market Size Gain ($ Million), Segmentation By Product Type, 2022 – 2027
Table 193: Global Gummy Vitamins Market Size Gain ($ Million), Segmentation By Source, 2022 – 2027
Table 194: Global Gummy Vitamins Market Size Gain ($ Million), Segmentation By End-User, 2022 – 2027
Table 195: Global Gummy Vitamins Market Size Gain ($ Million), Segmentation By Sales Channel, 2022 – 2027
Table 196: Gummy Vitamins – Market Data Sources
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