The global gummy vitamins market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Chewable vitamins are known as gummy vitamins. This type of vitamins has similar texture, shape, and taste. The gummy vitamins are available in various shape, size, color, and flavors. The individuals who avoid tablet or powder vitamins to balance nutrition are prefers gummy vitamins.
Rising incidences of vitamin deficiency among population across the globe is a key factor driving growth of the global market. The common vitamin deficiencies are from vitamin A, Vitamin D, Vitamin C, and Vitamin B12. The deficiency can lead to amnesia, night blindness, increased risk to fractures, etc. For instance, as per National Nutrition Monitoring Bureau (NNMB) around 60% people had subclinical vitamin A deficiency in India.
In addition, rising vitamin deficiency among children, pregnant women, and geriatric population is a major factor driving demand for vitamins and is expected to further drive growth of the global market to a significant extent over the forecast period. Moreover, increasing health consciousness among consumers, growing healthy eating habits coupled with regular exercise are among the other factors boosting adoption of gummy vitamins. This in turn expected to fuel growth of the target market in the near future.
Rising adoption of organic and non-genetically modified organism food and vitamins is key trend observed in the target market and is expected to propel growth of the global market. Despite the high cost of organic gummy vitamins individuals are willing to pay more, especially for consumers such as children and pregnant women.
For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is expected to hold significant revenue share in the global gummy vitamins market, owing to increasing preference and adoption for gummy vitamins among children’s due to attractive flavor, taste, shape, and color of the gummy vitamins. The Europe region expected to hold second position in terms of market value in the global market followed by Asia Pacific region. However, countries in Asia Pacific region are expected to witness highest growth over the forecast period.
Scope of the Report:
Report Feature Details
Base Year: 2018
Projection Period: 2019-2029
Market Details: Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment and region
Segment Covered: Source, Product Type, and Consumer
Region Covered: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage: Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and region analysis
Global Gummy Vitamins Market, By Source:
Global Gummy Vitamins Market, By Product Type:
? Single Vitamin Gummies
? Multivitamin Gummies
? Probiotic Vitamin Gummies
Global Gummy Vitamins Market, By Consumer:
Key Players Covered:
Key players operating in the market includes, Boli Naturals LLC, Nutra Solutions USA, ABH Nature’s Products, Makers Nutrition LLC, Melrob Group, Sirio Pharma Co. Ltd., Gimbal Brothers Inc., Bayer AG, Ferrara Candy Company, Ernest Jackson & Co. Ltd, Vitakem Nutraceutical Inc. and Contract NUTRA
Key features of the study:
Foresight Market Research provides detailed analysis on global market in our report- Global Gummy Vitamins Market by source, product type, consumer, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global gummy vitamins market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.
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