Global Nutraceutical Gummies Market report from Global Insight Services is the single authoritative source of intelligence on Nutraceutical Gummies Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Nutraceutical gummies are dietary supplements that come in the form of gummies. They are usually made with natural ingredients, such as vitamins, minerals, and herbs, and are designed to provide nutritional support for various health conditions. Some of the health conditions that nutraceutical gummies can help with include stress, anxiety, and insomnia.
Key Trends
The major factors driving the growth of this market are the increasing demand for convenient and easy-to-consume products, the growing health consciousness among consumers, and the increasing disposable incomes.
The nutraceutical gummies market is segmented by product type, form, and distribution channel. By product type, the market is further segmented into vitamins, minerals, omega-3 fatty acids, proteins, and others. By form, the market is classified into chewy, gel, and others. By distribution channel, the market is bifurcated into offline and online.
Key Drivers
The key drivers of the Nutraceutical Gummies market are the increasing health consciousness among consumers and the growing demand for convenient and easy-to-consume health supplements. The rising prevalence of chronic diseases and the growing aging population are also fuelling the demand for nutraceutical gummies.
The increasing health consciousness among consumers is leading them to seek out products that can help them improve their overall health and wellness. This is fuelling the demand for nutraceutical gummies, as they are easy to consume and offer a convenient way to get the nutrients and vitamins that are essential for good health.
The growing aging population is another key driver of the nutraceutical gummies market. As people age, they are more susceptible to chronic diseases, such as heart disease, diabetes, and arthritis. These conditions can be effectively managed with the help of nutraceutical gummies, which provide the necessary nutrients and vitamins to help improve the health of the aging population.
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The rising prevalence of chronic diseases is also fuelling the demand for nutraceutical gummies. Chronic diseases are on the rise due to the unhealthy lifestyle choices of people, such as smoking, drinking, and poor diet. Nutraceutical gummies can help to improve the overall health of people suffering from chronic diseases by providing them with the necessary nutrients and vitamins.
Restraints & Challenges
The high cost of raw materials is one of the key restraints faced by manufacturers of nutraceutical gummies. The cost of gelatin, a key raw material used in the production of nutraceutical gummies, has been on the rise in recent years. This has led to an increase in the overall cost of production, which is expected to restraint the growth of the nutraceutical gummies market during the forecast period.
The other key restraint faced by the nutraceutical gummies market is the stringent regulations regarding the use of certain ingredients in dietary supplements. For instance, the U.S. Food and Drug Administration (FDA) has banned the use of ephedra in dietary supplements. This has led to the removal of ephedra-based nutraceutical gummies from the market, which is expected to have a negative impact on the growth of the nutraceutical gummies market.
The key challenge faced by the nutraceutical gummies market is the need to develop innovative products to cater to the changing needs of consumers. The nutraceutical gummies market is highly competitive, and manufacturers are constantly introducing new products to cater to the changing needs of consumers. This has led to the need for manufacturers to constantly innovate and develop new products to remain competitive in the market.
Market Segments
The Nutraceutical Gummies Market is segmented on the basis of nutritional class, functionality , distribution channel , and region. On the basis of nutritional class, the market is categorized into vitamin & minerals, dietary fiber, prebiotics & probiotics, and others. By functionality, the market is segregated into digestive health, immunity & strength, cardiovascular health, and others. According to the distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, drugstores, supermarkets, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Nutraceutical Gummies Market report includes players such a Bayer AG, Zarbee’s, Inc., Sanofi S.A., Nature’s Bounty Co., Otsuka Holdings Co., Ltd, SmartyPants Vitamins, Church & Dwight Co., Olly Public Benefit Corporation, Life Science Nutritionals and The Honest Company, Inc.
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