The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s gummy vitamins market report forecasts the gummy vitamins market size to grow to $10.3 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Gummy Vitamins Market Size Forecast
The global gummy vitamins market is expected to grow from $6.47 billion in 2022 to $7.13 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gummy vitamins market size is expected to grow to $10.3 billion in 2027 at a CAGR of 9.6%.

North America held the largest gummy vitamins market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Gummy Vitamins Market Driver ­– Growth In Undernourished Population
For instance, according to the Food and Agriculture Organization, the global prevalence of undernourishment reached around 9.9% in 2020 with 768 million people, an increase of 8.4% from 2019. Therefore, growth in the undernourished population is expected to propel the growth of the gummy vitamins market over the coming years.

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Key Gummy Vitamins Market Trend – Product Innovations
Major companies operating in the gummy vitamin sector are focused on innovations to meet consumer demand and strengthen their position. For instance, in June 2021, Vitamin Angels, a UK-based start-up, launched 3D-printed, high-impact, personalised gummy vitamins for kids. Each package includes 28 vegan gummies that are gluten-free, sugar-free, and free of artificial flavours and colors. These are based on a monthly subscription and will be delivered through the letterbox every month.

Gummy Vitamins Market Segment
1) By Product Type: Single Vitamin, Multi Vitamin, Probiotics
2) By Source: Plant, Animal
3) By End-User: Adult, Children
4) By Sales Channel: Hypermarket And Supermarket, Specialty Stores, Retail Pharmacies, Online sales Channel, Other Sales Channel

Gummy Vitamins Market Major Players and Strategies
Major players in the gummy vitamins market are Church & Dwight Co. Inc., Life Science Nutritionals, Bettera Brands LLC, Nature’s Way Products LLC, Unilever PLC, Herbaland, Hero Nutritionals LLC, Bayer AG, Santa Cruz Nutritionals Inc., Nature’s Bounty, Softigel, Makers Nutrition LLC, Nutra Solutions, Ferrara Candy Company, and Zanon Lifesciences Pvt. Ltd.

In December 2020, Unilever, a UK-based consumer goods company, acquired SmartyPants Vitamins for an undisclosed amount. Through this acquisition, Unilever aimed to expand its supplement portfolio in the functional supplement and nutritional segment. SmartyPants Vitamins is a US-based company that manufactures supplements, including gummy vitamins.

The Gummy Vitamins Global Market Report 2023 covers regional data on gummy vitamins market size, gummy vitamins market trends and drivers, opportunities, strategies, and gummy vitamins market competitor analysis. The countries covered in the gummy vitamins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Gummy vitamins refer to a variety of flavours, colours, and forms of chewable vitamins with a texture and flavour that are comparable to gummy candies. They are among the most widely used kinds of vitamins. Children and adults who dislike taking pills may find these vitamins appealing.

View More Reports Related To The Gummy Vitamins Market –
Vitamin And Minerals Global Market Report 2023
Pharmacies And Drug Stores Global Market Report 2023
Multivitamin Capsules And Tablets Global Market Report 2023

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