Gummy Supplements Market Analysis | Size, Value Trend and Forecast to 2025
Research Reports
Jan 15, 2021
Market Overview
Global Gummy Supplements Market is projected to register a CAGR of 8.40% and reach USD 7,145.8 Million by 2025. Gummy supplements are chewable supplements available in several delectable flavors. They are flavourful gummies enriched with either vitamins, minerals, omega fatty acids, proteins, or blends. Market growth can be attributed to the increasing consumption of gummy supplements among adults and kids. The majority of market players offer their products through store-based distribution channel, which includes supermarket/hypermarket, convenience stores, and specialty stores.
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Key Players
The Prominent Players in the Global Gummy Supplements Market include Bayer AG (Germany), Church & Dwight Co., Inc. (US), Pharmavite LLC (US), Nature’s Way Products, LLC (US), Hero Nutritionals, LLC (US), Zanon Vitamec USA Inc. (US), Softigel (US), Bettera Wellness Corp. (US), The Nature’s Bounty Co. (US), and Rainbow Light Nutritional Systems, Inc. (US).
Market Dynamics
Global Gummy Supplements Market is expected to register significant growth during the forecast period. High prevalence of nutrition deficiencies is attracting adults toward chewable supplements, such as gummy vitamins and gummy protein supplements. Also, the growing popularity of fortified gummies is trending owing to the rising health concerns among consumers. The consumers are highly inclined toward functional foods, which has increased the requirement for fortified gummies in the confectionery segment.
Segmentation
On the basis of product type, the global gummy supplements market has been divided into vitamins, minerals, omega fatty acids, proteins, blends, and others. The vitamin segment is further bifurcated into single vitamin and multivitamins. The vitamins segment is expected to dominate the global market and be valued at USD 5,360.9 million by the end of 2025.
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