Gummy Vitamins Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Source (Animal, Plants), By Packaging Type (Bottles And Jars, Pouches, Others), By Product (Single Vitamin, Multi Vitamin, Probiotic And Prebiotic Vitamin), By End-Users (Adults, Children), By Sales Channel (Online, Offline), And By Geography - Forecasts From 2021 To 2026
- Published : Nov 2021
- Report Code : KSI061614081
- Pages : 132
The global gummy vitamin market was evaluated at US$5.507 billion for the year 2019 and is projected to grow at a CAGR of 10.81% to reach a market size of US$11.296 billion by the year 2026. A gummy vitamin is like candy but is a soft, small, chewy dietary supplement made up of nutrients and vitamin-enriched.
They were formulated for the children and elderly, who do not want to take pills and prefer dry supplements over liquid form. Gummies are more appetizing than traditional pills and are available in a wide variety of flavours. The gummy vitamin demand is rapidly increasing due to the rise in the awareness campaign regarding health and its preventive use, especially after the outbreak of the COVID-19 pandemic the consumer became more health-conscious and was searching for products and supplements that were immunity boosters. Gummy vitamins include the ingredients that help in metabolic health and glycaemic index and regulate the folic acid count in the human body. Gummy is also available as probiotics, omegas, a range of specific nutrients, and immune support having several vitamins and minerals or a few selected nutrients.
The rise in geriatric consumers and awareness in developing and developed countries have changed the preference of the consumers for essential health ingredients products which is expanding and developing the gummies vitamin market. The availability of different flavours of gummies has created a market demand for vitamin gummies. The vitamin gummies serve as a treat for their high sugar content. The surging demand for gummies is resulting in innovations and the launching of new products.
The gummies vitamin is facing challenges as the manufacturers are adding a high level of specific vitamins for the benefit of human health. Excessive intake of these nutrients can lead to health risks. This posing as a significant challenge to the gummy vitamin market during the forecasted period.
Gummy vitamin demand is witnessing a surge, especially during Covid-19. During the pandemic, health-conscious consumers were looking for nutritional foods with essential health ingredients and demanded products and supplements with vitamin supplements that are immunity boosters to prevent possible diseases and improve their physical and mental well-being. The increase in the population and consumer awareness in developing and developed regions are the key factors for the rise in the gummy vitamins market. The rise in the demand for gummy vitamins has motivated manufacturers to launch innovative products containing multivitamins in the market. Many adult gummies were launched in the market as vitamins and supplements in different flavours, shapes, and colours.
The increased geriatric population and the adult segment are witnessing busier work schedules and a rise in chronic diseases leading to high demand for convenient vitamin-based products. The gummy vitamin is providing solutions to the problem by providing on-the-go consumption characteristics. In addition to this, the pleasant flavour and taste are also appealing and attract a larger consumer base and change their preference from singular vitamin tablets or capsules to multi-vitamin gummies, it also gives them convenience in consumption. Women are demanding gummy vitamins to protect and enhance their beauty. Prenatal multivitamin gummies are becoming increasingly popular as they are a great way to feed mothers with different required nutrients.
The manufacturers are introducing organic formulated gummy vitamins and are focusing on extending the life expectancy of the vitamins. They are also witnessing the high growth potential to commercialize the line of their products. This is expected to positively influence and impact the market for gummy vitamins.
Adult Segment to hold a prominent market share.
Based on the end-user, the market for gummy vitamins is segmented into adults and children. The adult segment dominates by accounting for the major share of the global market. This is mostly due to the rapid growth of the adult population along with the increase in the geriatric population which is prone to the risk of vitamin deficiencies. Other factors include the demand for vitamins in the older age population to supplement their diet with required vitamins and the consumers preferring the gummies vitamins owing to the difficulties in swallowing tablets, capsules, and other forms of pharmaceutical products.
The majority of the adult segment compromises the working-class population that has a busier lifestyle, increased chances of chronic diseases, and higher spending power. They prefer the easier and faster way to intake the required vitamins due to which this segment accounts for a major share of the gummy vitamin market. Thus, the gummy vitamin is popular among the adult segment in the world as the gummy vitamins are chewable and are available in various tastes apart from delivering health benefits such as immunity boost and vitamins.
North America occupies a significant market share. The rise in the consumption of gummy vitamins has been observed and the manufacturers are frequently improving the formulation which is propelling the growth of the gummy vitamin market. The North American region is followed by Europe and the Asia Pacific, due to the vital role played by several key players in the market.
Asia Pacific is expecting rapid growth in CAGR. The market share is driven by India and China due to the rising purchasing power of consumers, changing lifestyles, and growing disposable income. The region consists of untapped market opportunities and due to the growth in awareness about the risk of chronic illness and malnutrition, growing investments by renowned players and the benefits of the gummy’s vitamin are playing an essential role in the developing regions and are likely to create new prospects in the forecasted period.
The surge in demand for nutritional food in Europe is playing a significant role in upsurging the growth of the gummy vitamins market during the forecasted period.
The covid-19 pandemic brought a significant impact on the manufacturing of products, the supply chain, and the availability of raw materials due to the imposition of lockdowns and restrictions on export and import. It also raised immunity boosters and the consciousness of health among consumers. Consumers started demanding products with essential health ingredients, nutritional and immunity-boosting. This augmented the market of gummy vitamins as more consumers started demanding the vitamins due to their benefits as immunity boosters. The surging demand for gummy vitamins has encouraged the manufacturers to launch new and innovative products which will contribute significantly to the gummy vitamin market revenue during the forecasted period.
Gummy Vitamins Market Scope:
|Market Size Value in 2019||US$5.507 billion|
|Market Size Value in 2026||US$11.296 billion|
|Growth Rate||CAGR of 10.81% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Source, Packaging Type, Product, End-Users, Sales Channel, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Santa Cruz Nutritionals, Bayer AG, SmartyPants Vitamins, Pharmavite, Zanon Lifesciences Pvt Ltd., Olly Public Benefit Corporation, Life Science Nutritionals., Nature’s Bounty, Garden of life, Hero Nutritionals|
|Customization Scope||Free report customization with purchase|
By Packaging Type
Bottles and Jars
Probiotic and Prebiotic Vitamin
Hypermarket and Supermarket
Middle East and Africa
Frequently Asked Questions (FAQs)
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Gummy Vitamins Market Analysis, By End-Users
6. Gummy Vitamins Market Analysis, By Source
7. Gummy Vitamins Market Analysis, by Packaging Type
7.2. Bottles and Jars
8. Gummy Vitamins Market Analysis, by Product Type
8.2. Single Vitamin
8.4. Probiotic and Prebiotics Vitamins
9. Gummy Vitamins Market Analysis, By Sales Channel
9.2.1. Specialty Stores
9.2.2. Hypermarket and Supermarket
10. Gummy Vitamins Market Analysis, by Geography
10.2. North America
10.2.1. North America Gummy Vitamins Market Analysis, By End-Users, 2020 to 2025
10.2.2. North America Gummy Vitamins Market Analysis, By Source, 2020 to 2025
10.2.3. North America Gummy Vitamins Market Analysis, By Packaging Type, 2020 to 2025
10.2.4. North America Gummy Vitamins Market Analysis, By Product Type, 2020 to 2025
10.2.5. North America Gummy Vitamins Market Analysis, By Sales Channel, 2020 to 2025
10.2.6. By Country
10.2.6.1. United States
10.3. South America
10.3.1. South America Gummy Vitamins Market Analysis, By End-Users, 2020 to 2025
10.3.2. South America Gummy Vitamins Market Analysis, By Source, 2020 to 2025
10.3.3. South America Gummy Vitamins Market Analysis, By Packaging Type, 2020 to 2025
10.3.4. South America Gummy Vitamins Market Analysis, By Product Type, 2020 to 2025
10.3.5. South America Gummy Vitamins Market Analysis, By Sales Channel, 2020 to 2025
10.3.6. By Country
10.4.1. Europe Gummy Vitamins Market Analysis, By End-Users, 2020 to 2025
10.4.2. Europe Gummy Vitamins Market Analysis, By Source, 2020 to 2025
10.4.3. Europe Gummy Vitamins Market Analysis, By Packaging Type, 2020 to 2025
10.4.4. Europe Gummy Vitamins Market Analysis, By Product Type, 2020 to 2025
10.4.5. Europe Gummy Vitamins Market Analysis, By Sales Channel, 2020 to 2025
10.4.6. By Country
10.4.6.3. United Kingdom
10.5. The Middle East and Africa
10.5.1. Middle East and Africa Gummy Vitamins Market Analysis, By End-Users, 2020 to 2025
10.5.2. Middle East and Africa Gummy Vitamins Market Analysis, By Source, 2020 to 2025
10.5.3. Middle East and Africa Gummy Vitamins Market Analysis, By Packaging Type, 2020 to 2025
10.5.4. Middle East and Africa Gummy Vitamins Market Analysis, By Product Type, 2020 to 2025
10.5.5. Middle East and Africa Gummy Vitamins Market Analysis, By Sales Channel, 2020 to 2025
10.5.6. By Country
10.5.6.1. Saudi Arabia
10.5.6.2. South Africa
10.6. Asia Pacific
10.6.1. Asia Pacific Gummy Vitamins Market Analysis, By End-Users, 2020 to 2025
10.6.2. Asia Pacific Gummy Vitamins Market Analysis, By Source,2020 to 2025
10.6.3. Asia Pacific Gummy Vitamins Market Analysis, By Packaging Type, 2020 to 2025
10.6.4. Asia Pacific Gummy Vitamins Market Analysis, By Product Type, 2020 to 2025
10.6.5. Asia Pacific Gummy Vitamins Market Analysis, By Sales Channel, 2020 to 2025
10.6.6. By Country
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. Company Profiles
12.1. Santa Cruz Nutritionals
12.2. Bayer AG
12.3. SmartyPants Vitamins
12.5. Zanon Lifesciences Pvt Ltd
12.6. Olly Public Benefit Corporation
12.7. Life Science Nutritionals.
12.8. Nature’s Bounty
12.9. Garden of life
12.10. Hero Nutritionals
Santa Cruz Nutritionals
Zanon Lifesciences Pvt Ltd.
Olly Public Benefit Corporation
Life Science Nutritionals.
Garden of life
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