Gummy Vitamins Market Research, Key Players, Business Strategy, Industry Trends, Forecast to 2028
Research Reports
Jan 07, 2021
Market Overview
Gummy Vitamins are defined as chewable supplements that are available in various flavors and sizes. A new report on the global gummy vitamins market, published by Market Research Future (MRFR), assesses that this market could envisage the expansion at 9.10% CAGR between 2018 and 2028. In terms of value, the market can be worth USD 3,931.8 Mn by the end of the forecast period.
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Key Players
Big players in the global Gummy Vitamins Market include Bayer Group (Germany), BETTERA Wellness Corp. (USA), Church & Dwight Co. Inc. (USA), Gimbals Fine Candies (USA), HERBALAND Naturals Inc. (Canada), Hero Nutritionals LLC (USA), Life Science Nutritionals (Canada), The Nature’s Bounty Co. (USA), Nature’s Way Products LLC (USA), Olly Public Benefit Corporation (USA), PHARMAVITE LLC (USA), Rainbow Light Nutritional Systems Inc. (USA), SMARTYPANTS Inc. (USA), SOFTIGEL (USA) and ZANON VITAMEC USA Inc. (USA)
Latest Industry News
USA’s #1 gummy vitamin brand vitafusion™ has launched its Gorgeous Hair, Skin, and Nails. This is a delicious raspberry-flavored multivitamin whose key ingredients are Biotin, vitamin C and vitamin E. Containing 12 essential nutrients; this gummy vitamin can provide gorgeous skin, healthy nails, and luxurious hair. This gummy vitamin uses only natural fruit flavors.
Market Segmentation
Global Gummy Vitamins Market segmentation encompasses distribution channel, end-user, and type. MRFR’s take on the market explores various facets of the market in-depth.
Based on the distribution channel, this market can be segmented into store-based distribution and non-store-based distribution. During the forecast period, the store-based distribution channel has been projected to reach USD 7,684.5 mn. By 2028, the non-store-based distribution channel is expected to grow at 10.10% CAGR by 2028. Non-store-based distribution channels use e-commerce platforms to offer customers across various regions, an array of products.
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Regional Segmentation
A geographical outlining of the global gummy vitamins market covers Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa (MEA).
Grasping 30.44% of the global market share, the market in Europe can expand at 9.40% CAGR, achieving the valuation of USD 2,939.7 Mn by 2028. In this region, the market can rise due to consumer inclination towards nutrient-dense food and beverages. Numerous flavors and shapes of vitamin supplements can attract more customers. High demand for natural as well as organic food products is also contributing to the market growth. The significant country-specific markets in this region are Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Russia, Spain, and the UK.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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