In 2023, the global gummy vitamins market is expected to account for a valuation of US$ 4.3 billion and further climb to US$ 6.9 billion by the end of 2033. Worldwide demand for gummy vitamins is anticipated to increase at a CAGR of 4.8% from 2023 to 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Gummy Vitamins market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Gummy Vitamins market.
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Key findings of the Gummy Vitamins market study:
- Regional breakdown of the Gummy Vitamins market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Gummy Vitamins vendors in detail.
- Region-wise and country-wise fragmentation of the Gummy Vitamins market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Gummy Vitamins market.
Key Companies Profiled
- Nestle SA
- Zanon Vitamec Inc.
- Bayer AG
- Pfizer Inc.
- Herbaland Naturals Inc.
- Hero Nutritionals
- Church & Dwight Inc.
- Ernest Jackson
- The Honest Company Inc.
- Pharmavite LLC
- Boscogen Inc.
- GlaxoSmithKline (GSK)
- Vitakem Nutraceutical Inc.
- Unilever PLC (OLLY)
Competitive Landscape
Prime gummy vitamin vendors are launching new products targeted towards specific consumer groups with more nutrients and benefits than regular vitamins and dietary supplements. Currently, the market is dominated by companies such as Bayer AG, Pfizer Inc., Church & Dwight, and GlaxoSmithKline (GSK).
- In June 2022, vitafusion, a leading American gummy vitamin company in collaboration with Tiffany Haddish introduced Multi + Immune Support, a 2-in-1 gummy vitamin that acts as a daily multivitamin and also has immune support vitamins. Another gummy vitamin product was also introduced that is targeted toward hair, skin, and nails.
- In July 2022, Mankind Pharma, an Indian pharmaceutical organization announced the launch of its new set of vitamin gummies for children under the brand “Health OK”. The gummies are suitable for kids of age seven to teens of age seventeen and are designed to support normal growth and develop a healthy immune system.
Key Segments of Gummy Vitamins Industry Research
- By Product Type :
- Single Vitamins
- Multivitamins
- Probiotic Vitamins
- By Source Type :
- Animal-based Vitamin Gummies
- Plant-based Vitamin Gummies
- By Customer Orientation :
- Men
- Women
- Children
- By Source Type :
- Bottles & Jars
- Stand-up Pouches
- By Sales Channel :
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Stores
- Specialty Stores
- Drug Stores/Pharmacies
- Online Retailers
- Other Sales Channels
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Queries addressed in the Gummy Vitamins market report:
- Why are the Gummy Vitamins market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Gummy Vitamins market?
- Which regions are displaying the fastest growth in the Gummy Vitamins market?
- What are the underlying micro- macroeconomic factors affecting the global Gummy Vitamins market?
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