Gummy Vitamin Market to Outshine with High Growth; to Cross USD 8.1 BN by 2026
Posted On June 18, 2020
The Global Gummy Vitamin Market by the year 2026 is expected to show a revenue growth of USD 8.1 BN along with a CAGR of 4.5% between 2020 and 2026. The estimated revenue for the market was USD 6 BN in the year 2019 as stated in the report published by Value Market Research. Inclination towards functional nutrition is driving the demand for gummy vitamin. With growing awareness and its consumption benefits, the gummy delivery system will continue to expand and diversify. Gummy vitamins are increasingly becoming popular among kids as well as adults. The market is exploring its traditional audience. They are winning hearts of adults by its pleasant taste and appealing texture. Players are adopting various strategies to attract the consumer. Players introduced vegan gummies, sugar-free gummies, cartoon shaped gummies, and mixed flavored gummies. This is expected to bring intrinsic opportunities in the market for gummy vitamins.
Gummy vitamins are chewable vitamins that have a texture and taste similar to gummy candies and come in a variety of flavors, colors, and shapes. It most varieties contain added sugars, has a pleasant taste, and are easy to take. It is made from gelatin, corn starch, water, sugar, and added colorings. Popular flavors include lemon, raspberry, cherry, and orange.
The detailed research study "Global Gummy Vitamin Market Report By Product Type (Single Vitamin And Multivitamins), End-User (Children And Adults) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" assists in understanding the market dynamics with qualitative as well as quantitative data. The geo-economical factors and historic gummy vitamin industry trends are analyzed to foresee and predict the forecasts for next six years.
By product type the gummy vitamin market is bifurcated into single vitamin and multivitamins. On the basis of end-user the market is bifurcated into children and adults.
Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Gummy Vitamin Market -
By Product Type
- Single Vitamin
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Bayer AG, Boli Naturals LLC, Ernest Jackson, Ferrara Candy Company, Makers Nutrition LLC, Nutra Solutions USA, and Softigel.
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