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The gummy vitamins market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 9%, as per The Business Research Company’s market report!

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The Gummy Vitamins Market Size In 2022 And Forecast

The global gummy vitamins market is expected to grow from $5.84 billion in 2021 to $6.44 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. 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, affecting many markets across the globe. The gummy vitamins market is expected to grow by $9.08 billion in 2026 at a CAGR of 8.9%.

The gummy vitamins market consists of sales of gummy vitamins by entities (organizations, partnerships, and sole proprietors) that are used as a nutrition source for health benefits.

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Growth In Undernourished Population Is Driving The Growth Of The Gummy Vitamins Market

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.

Competitive Landscape And The Regional Analysis Of The Gummy Vitamins Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the gummy vitamins market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Gummy Vitamins Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the gummy vitamins market.

Product Innovations – A Key Trend In The Gummy Vitamins Market

Major companies operating in the gummy vitamin sector are focused on innovations to meet consumer demand and strengthen their position.

Gummy Vitamins Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Gummy Vitamins Market –
Vitamin and Minerals Global Market Report 2022

Multivitamin Capsules And Tablets Global Market Report 2022

Clinical Nutrition Global Market Report 2022

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