What is the global market size of Gummy Vitamins Market?

Global Gummy Vitamins Market size was valued at USD 5.04 billion in 2021 and is poised to grow from USD 5.5 billion in 2022 to USD 6.04 billion by 2030, growing at a CAGR of 9.17% in the forecast period (2023-2030).

Gummy Vitamins Market Size, Share, Growth Analysis, By Type(Single Vitamins and Multi-Vitamins), By Source(Plants and animals), By Packaging Type(Bottle & Jars and Pouches), By End-user(Adults and children), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031

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

Gummy Vitamins Market News

In February 2022, Optibac Probiotics launched vegan gummies for adults to improve their immunological and intestinal health. The gummies are prepared with actual fruit purees and have no added sugars, flavors, or sweeteners. They are dairy-free, gluten-free, and vegan.

In January 2022, PanTheryx introduced sugar-free gummy sweets to its TruBiotics portfolio for adults and children. The product contains the bacillus probiotic strain B. subtilis DE111, which helps digestion by producing enzymes and supports appropriate gut barrier function, among other things. Because it is naturally sweetened with fructooligosaccharides (FOS), a prebiotic fiber, the product is sugar-free.

In April 2021, Bayer AG launched its New RestoraFIBRE Daily Gummies in Canada. These fiber-rich candies are a convenient source of fiber. RestoraFIBREDaily Gummies contain inulin, soluble fiber, and a prebiotic, which promotes the growth of beneficial bacteria in the stomach.

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Gummy Vitamins Market size was valued at USD 5.04 billion in 2019 and is poised to grow from USD 5.5 billion in 2023 to USD 6.04 billion by 2031, growing at a CAGR of 9.17% in the forecast period (2024-2031).

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. 'Church & Dwight Co. Inc', ' Bayer AG ', ' Nature's Bounty Co. ', ' Olly Public Benefit Corporation ', ' Pfizer Inc. ', ' SmartyPants Vitamins ', ' Life Science Nutritionals Inc. ', ' Hero Nutritionals LLC ', ' Pharmavite LLC ', ' Sundown Nutrition ', ' Rainbow Light Nutritional Systems ', ' Nutramax Laboratories Inc. ', ' Nordic Naturals Inc. ', ' The Honest Company Inc. ', ' Natural Dynamix LLC ', ' Nutraceutical Corporation ', ' Garden of Life LLC ', ' Pure Encapsulations Inc. ', ' Country Life LLC ', ' Bluebonnet Nutrition Corporation '

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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Gummy Vitamins Market Size, Share, Growth Analysis, By Type(Single Vitamins and Multi-Vitamins), By Source(Plants and animals), By Packaging Type(Bottle & Jars and Pouches), By End-user(Adults and children), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031

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