Sweet, Tangy, and Nutritious: Inside the Booming World of Vitamin Gummies
According to FMI, the vitamin gummies Market is likely to generate US$ 4050 million by 2023. A CAGR of 6.5% is forecast for the market between 2023 and 2033, indicating a US$ 7352.3 million market. As multivitamin gummy provides critical support for all-around health and well-being demand for these gummies is expected to grow in demand. As convenient and enjoyable forms of vitamin and mineral intake, they contribute to optimal body function by filling nutrient gaps.
These kinds of gummies are very useful for those who adhere to strict diets, have trouble eating, or are extremely busy. Thus, they guarantee that the necessary nutrients are consumed, supporting vitality and healthy body function. Vitamin gummies are the subject of research to boost their demand. The demand for vitamin gummies is rising as more money is being invested in this study. Supplements are what are driving the desire for healthy and balanced diet options.
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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 market 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 market generated a CAGR of 6% between 2018 and 2022.
Top Players in the Vitamin Gummies Market:
BAYER AG
Pharmavite
SmartyPants Vitamins
Wellnext Health
Church & Dwight Co. Inc.
Life Science Nutritionals
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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 market 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.
Know More about What the Vitamin Gummies Market Report Covers
Future Market Insights offers an unbiased analysis of the global vitamin gummies market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the vitamin gummies market, 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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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
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