Global Gummy Vitamins Market

Gummy Vitamins Market Size, Share, Growth Analysis, By Type (Single Vitamins, Multi-Vitamins), By Source (Plants, Animals), By Packaging Type (Bottle & Jars, Pouches), By Distribution Channel, By End-User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35I2229 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 134 | Figures: 78

Gummy Vitamins Market Dynamics

Gummy Vitamins Market Drivers

Growing vegetarian population and the spread of the malnourished population

  • The growing vegetarian population across the globe, as well as the prevalence of malnourished people, is likely to drive the revenue growth of the market. According to the study, the total vegetarian population will be approximately 79 million in January 2021, which is approximately 1% of the global population. The vegetarian population has grown significantly in recent years and is expected to grow further in the coming years. Animals are specific sources of vitamins and other important nutrients. The changing consumer preference for plant-based foods is increasing the demand for vegetarian multivitamins as nutritional supplements.

Gummy Vitamins Market Restraints

Available substitutes and less effectiveness of gummy vitamins

  • Multivitamins are less effective substitutes for vitamins and other nutrients than animal and plant-based sources of vitamins, minerals, iron, zinc, and other nutrients. Vitamin spray is a fun and tasty alternative to sticky vitamins. Sprays have a higher absorption rate than chewing gum containing nutrients. Overconsumption of gummy vitamins has adverse health effects and their sugar content can lead to tooth decay, heart disease, and weight gain among consumers, which is expected to hamper revenue growth in the gummy vitamin market. These candies contain sugar and citric acid, which stick to the teeth and create cavities and dents for dental health. Demand is limited by the fact that these gummies are less reliable than traditional sources of vitamins and other vital nutrients.
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Gummy Vitamins Market size was valued at USD 5.5 Billion in 2023 and is poised to grow from USD 6 Billion in 2024 to USD 6.59 Billion by 2032, growing at a CAGR of 9.17% during the forecast period (2025-2032).

Global Gummy Vitamins Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Pfizer', 'Nature's Bounty ', 'Makers Nutrition ', 'Gummi World ', 'SMP Nutra ', 'Willings Nutraceutical ', 'Almighty Nutrition ', 'GWGummies ', 'Well Aliments ', 'Somafina ', 'Zanon Vitamec ', 'SmartyPants Vitamins ', 'Vitapur Labs ', 'Superior Supplement Manufacturing ', 'Pharmavite ', 'Church & Dwight Co. Inc. ', 'Reckitt Benckiser Group PLC ', 'Unilever PLC ', 'Otsuka Holdings Co. Ltd ', 'Amway Corp.'

The growing vegetarian population across the globe, as well as the prevalence of malnourished people, is likely to drive the revenue growth of the market. According to the study, the total vegetarian population will be approximately 79 million in January 2021, which is approximately 1% of the global population. The vegetarian population has grown significantly in recent years and is expected to grow further in the coming years. Animals are specific sources of vitamins and other important nutrients. The changing consumer preference for plant-based foods is increasing the demand for vegetarian multivitamins as nutritional supplements.

Women generally buy gummy vitamins offline to maintain their beauty by improving their skin, hair, nails, and other body parts. Supplements for beauty products rich in amino acids such as collagen and biotin help strengthen skin and promote hair growth.

In 2021, according to a regional study, the North America gummy vitamins market accounted for the largest revenue share. The growing number of health-conscious consumers is increasing the demand for consumable supplements and gummies as daily necessities. The growing vegetarian population is projected to increase the demand for plant-based vegetarian nutritional gummies. For example, in January 2022, Vegum announced the debut of a plant-based vitamin gummy for the vegetarian community in the United States to fuel the growing plant-forward crowd with growing awareness of the dairy and meat industries. Sales of these vitamins in the region are likely to increase due to hassle-free consumption and bear-sized gummies.

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Global Gummy Vitamins Market

Report ID: SQMIG35I2229

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