Gummy Vitamins Market 2020 By Growth Opportunities, Key Players, Revenue, Emerging Trends And Business Strategy Till 2025
Global Gummy Vitamins Market is valued at USD 4.28 Billion in 2018 and expected to reach USD 7.88 Billion by 2026 with the CAGR of 9.1% over the forecast period.
Growing demand for organic formulated gummy vitamins and increased
occurrences of malnutrition and undernourished children are the factors which
are expected to drive the growth of Global Gummy Vitamins Market.
Get Sample of This Report@ https://brandessenceresearch.com/requestSample/PostId/1124 Gummy vitamins are similar to candies but are chewable dietary supplements that are composed of nutrients. Its consumption among working-class individuals has increased owing to increased awareness regarding its health benefits. There are many variants available in gummy vitamins having different flavors and nutrients in the market. Gummies serve as an aspirational treat and an almost guiltless pleasure. It tends to have high sugar content with about three grams of sugar for two gummies. Its delivery system continues to expand and diversify, with an ever-widening galaxy of gummy options. It is beyond the ubiquitous multivitamin, as gummy options are available as probiotics, omegas, immune support, and a range of specific nutrients. For instance; it may include several vitamins and minerals or just a few select nutrients, such as vitamin D and calcium. The demand for gummy vitamins is gaining momentum among the working people owing to its benefits. Gummy vitamins have ingredients that aid in metabolic health and regulate the folic acid count and glycemic index in the human body. Thus, the product acts as a solution to immunity problems, low bone strength, nutrient deficiency, and other health issues.
Global Gummy Vitamins Market report is segmented on the basis of
product type, application, end-user and regional & country level. Based
upon product type gummy vitamins market is classified into single vitamin,
multivitamin. Based upon application, gummy vitamins market is classified into
vitamin deficiency, weight gain, immunity and other. Based upon end-user, gummy
vitamins market is classified into children and adults.
The regions covered in this Global Gummy Vitamins market report
are North America, Europe, Asia-Pacific and Rest of the World. On the basis of
country level market of Gummy Vitamins is sub divided into U.S., Mexico,
Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC,
Africa, etc.
Global Gummy Vitamins Market Report covers prominent players are
like,
·
Boscogen, Inc.
·
Zanon Vitamec
·
Life Science Nutritionals
·
Herbaland Naturals Inc.
·
Hero Nutritionals
·
Church & Dwight Co. Inc
·
SmartyPants Vitamins
·
The Honest Company, Inc.
·
Wellnext Health.
·
MDC Pharmaceutical Pvt. Ltd.
·
Nature's Products, Inc.
·
BAYER AG
·
Others
Growing Demand for Organic Formulated Gummy Vitamins and Increased
Cases of Malnutrition and Undernourished Children are the Major Factors Driving
the Market Growth.
Growing demand for organic formulated gummy vitamins is one of the
major factors expected to drive the growth of gummy vitamins Market. Millions
of people are hooked on gummies as a health supplement. Gummy supplements
continue to drive new consumers to the dietary supplements aisle, breathing
life into a market that’s been traditionally dominated by medicines.
Alternatives to pill-form supplements made up 47% of dietary supplements in
2017 according to numbers presented by the Nutrition Business Journal. In
addition, increased occurrences of malnutrition and undernourished children are
also expected to foster the growth of this market in upcoming year. According
to World health organization, 1.9 billion adults are overweight or obese, while
462 million are underweight. Unsafe food creates a vicious cycle of disease and
malnutrition, particularly affecting infants, young children, elderly and the
sick. According to World health organization, Children under 5 years of age
carry 40% of the foodborne disease burden, with 125 000 deaths every year.
Global Gummy Vitamins Market Segmentation:–
By Product Type: Single Vitamin, Multivitamin
By Application: Vitamin Deficiency, Weight Gain, Immunity, Other
Applications
North America is Expected to Dominate the Global Gummy Vitamins
Market
North America is expected to dominate the growth of this market
due to the increasing awareness about food safety among consumers, and the
advent of new organic formulated gummy vitamins in this region. According to
United States Department of Agriculture, 88.9% (114.9 million) of U.S.
households were food secure throughout 2018. Europe is a second largest market
for gummy vitamins due to the increased occurrences of malnutrition and
undernourished children. According to British Nutrition Foundation, It is
estimated that 70% of under nutrition in the U.K. goes unrecognized and
untreated and that, in the community, 5% of the population have a body mass
index (BMI) less than 20 kg/m2. Advancements and improvements in the gummy
vitamin formulations are opening up new avenues to the European gummy vitamins
market.
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