Global Gummy Vitamins Market 2021-2027
Global Gummy Vitamins Market Size, Share & Trends Analysis Report by Category (Prenatal, Kids, and Adults), and by Product Type (Single Vitamin (Vitamin C, Vitamin D, Biotin, and Others), and Multi-Vitamin) Forecast, 2019-2027
The global gummy vitamins market is projected to grow at a modest CAGR of 7.2% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the increased health consciousness of the consumers regarding maintaining their health and sufficient intake of daily vitamins and other nutritional supplements. Growing cases of vitamin deficiencies and undernourishment along with the rising prevalence of chronic diseases are likely to demand more for nutritional and appealing supplements such as gummy vitamins. Hence, this is likely to contribute to the growth of the market over the forecast period. Besides, the aging population who are unable to consume a sufficient amount of food also rely on these dietary supplements to balance their dietary requirements, this, in turn, drives the growth of the market over the forecast period.
The global gummy vitamins market is segmented on the basis of category and product type. Based on the category, the market is segmented as prenatal, kids, and adults. The kid's segment of the global gummy vitamins market is projected to hold a substantial share in the market over the forecast period. Based on the product type, the market is segmented as single vitamin and multi-vitamin. The single vitamin segment of the market is further segmented into vitamin C, vitamin D, biotin, and others. The multi-vitamin segment of the global gummy vitamins market is projected to hold a substantial share in the market over the forecast period.
Based on geography, the global gummy vitamins market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a significant market share. The US and Canada are the major economies primarily contributing to the growth of the Gummy Vitamins market in the region. Further, Pfizer Inc., Bayer AG, Chruch & Dwight Co. Inc., Reckitt Benckiser Group Plc, Amway Corp., Nature's Bounty Inc., and Perrigo Co. PLC among others are some of the prominent players functioning in the global gummy vitamins market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
The market study of the global gummy vitamins market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report is intended for gummy vitamins manufacturing companies, food & beverage companies, dietary supplement companies, research institutes, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Global Gummy Vitamins Market Research and Analysis by Category
Global Gummy Vitamins Market Research and Analysis by Product Type
The Report covers:
Comprehensive research methodology of the global gummy vitamins market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global gummy vitamins market.
Insights about market determinants that are stimulating the global gummy vitamins market.
Detailed and extensive market segments with regional distribution of forecast revenues.
Extensive profiles and recent developments of the market players.