Gummy Vitamin Market report 2027

Gummy Vitamin Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027
 
BANGALORE, India - June 14, 2023 - PRLog -- In 2020, the global Gummy Vitamin market size was US$ 1700 million and it is expected to reach US$ 2300 million by the end of 2027, with a CAGR of 4.5% during 2021-2027. Key drivers of the gummy vitamins market include the growing popularity of on-the-go dietary supplements due to busier work schedules and increasing health awareness. The easy swallowability, variety, taste, ease of use, and pill fatigue issues will propel the growth of the gummy vitamins market in the coming years. Furthermore, the rise in vitamin deficiencies, dysphagia, and the need for preventive healthcare measures will increase the adoption of gummy vitamins thereby boosting the market growth during the forecast period.

Trends Influencing the Global Gummy Vitamins Market

The increase in health awareness levels has augmented the demand for dietary supplements. Due to busier work schedules, people want quick solutions which can provide them with nutritional benefits on the go. Gummy vitamins provide health benefits along with easy intake. They can be chewed instead of swallowed. Hence the popularity of gummy vitamins is rising. These factors will drive the growth of the gummy vitamins market during the forecast period.

Based on products, multivitamins are the largest segment with a share of 80%.

Based on application, the children segment is expected to dominate in the gummy vitamins market share as key players are investing and promoting products for children.

Based on region, North America is the largest segment in the gummy vitamins market share with 65% followed by Europe and China with a total of 30%.

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