The vitamin gummies market is set to grow substantially, projected to reach $7,352.3 million by 2033 with a 6.5% compound annual growth rate from $4,050 million in 2023. These gummies gain popularity for their convenience in providing essential nutrients, particularly for those on strict diets or leading busy lives.
vitamin gummies market Thriving: Projected to produce US$ 4050 million by 2023 and US$ 7352.3 million by 2033 at a 6.5% compound annual growth rate. Vitamin Gummies Gain Popularity for Providing Vital Health Support, Especially for Those on Strict Diets or Leading Busy Lives, Fulfilling the Demand for Convenient Nutrient Intake.
According to FMI, the vitamin gummies market is anticipated to generate US$ 4050 million by 2023. According to projections, the market would expand at a pace of 6.5 percent, or US$ 7352.3 million, between 2023 and 2033. Multivitamin gummies are expected to become more popular because they provide vital support for general health and wellness. They are enjoyable and useful sources of vitamins and minerals that support regular body function by filling in nutritional shortages.
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Gummies like this are a great help to people who follow tight diets, have difficulty eating, or are very busy. As a result, they ensure that the body gets the nutrients it needs to sustain vigour and good health.Research is being done on vitamin gummies to increase consumer demand. The more money that is being put into this study, the more popular vitamin gummies are becoming. It’s supplements that are fueling the demand for wholesome, well-rounded food options.
With the introduction of Covid-19 last year, gummies have attracted a lot of interest in the beauty and wellness industries over the past several years. Gummies are a multivitamin supplement that also promotes skin and hair regrowth.
Key Takeaways from the Market Study
- The global market for vitamin gummies is expected to reach US$ 6903 million by 2032.
- Globally, the United States accounted for 24.7% of the vitamin gummies industry share in 2022.
- The market for vitamin gummies is expected to rise by 6.3% CAGR between 2022 and 2032.
- China accounted for an 11.2% CAGR in 2022, indicating continued growth in the market.
- According to projections, the Japanese market accounted for 4% of the global market by 2022.
- In 2022, Germany was responsible for 7.2% of the global market share for vitamin gummies in the market.
- The vitamin gummies industry generated a CAGR of 6% between 2018 and 2022.
“Vitamin gummies will enjoy sustained demand for years to come due to their innovative flavors and attractive packaging. Natural products and premium pricing are expected to drive vitamin gummies’ growth in the market.” says an FMI analyst.
Competitive Landscape
The business of vitamin gummies is growing as many companies form strategic partnerships and collaborate with other businesses. There is a growing trend among vitamin gummies industry players to invest heavily in research and development, to develop new products, to expand their geographic presence, as well as to establish partnerships in order to grow their customer base.
- On March 2023, SmartyPants Vitamins announced the launch of its most innovative multivitamin to date—SmartyPants Sugar-Free Multi & Omegas. The Sugar-Free Multi & Omegas from SmartyPants don’t contain sugar alcohols like other sugar-free gummies. In addition to having zero grams of sugar and zero grams of net carbohydrates, this new all-in-one supplement is sweetened using monk fruit extract and allulose to avoid digestive upset.
- On April 2023, Centrum launched gummies with specialized nutrition in India. Now in India, the company offers a wide range of enjoyable gummies packaged in a high-science supplement format – ‘Benefit Blends’. As Indian consumers live a hectic lifestyle, there are several nutrition gaps that are emerging. According to the company, the new specialized nutrition line is 100 percent vegetarian, gluten-free by nature, and non-habit forming.
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Vitamin Gummies Market Segmentation
By Product Type:
- Single Vitamin Gummy
- Biotin
- Omega & DHA
- Vitamin C
- CoQ10
- Vitamin D
- Melatonin
- High Fibre Formulas
- Multivitamin Gummy
- Probiotic Vitamin Gummy
- Bacillus Coagulans
- Lactobacillus
- Bacillus Subtilis
- Others (Yeast Etc.)
By Customer Orientation:
- Children
- Adult
- Men
- Women
By Source:
- Animal Based
- Plant-Based
By Packaging Type:
- Bottles & Jars
- Stand-Up Pouches
- Other Packaging Type
Sales Channel:
- Direct Sales
- Modern Trade
- convenience Store
- Departmental Store
- Specialty Store
- Drug Store/Pharmacies
- Online Retailers
- Other Sales Channels
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Know More about What the Vitamin Gummies Market Report Covers
Future Market Insights offers an unbiased analysis of the global vitamin gummies industry providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the vitamin gummies industry the market is segmented based on product type, customer orientation, source, packaging type, and sales channel industry type across six major regions.
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