Gummy Market To Power And Cross USD 52.06 Billion By 2030

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The global Gummy market size is expected to be worth around US$ 52.06 billion by 2030, according to a new report by Vision Research Reports.

The global Gummy market size was valued at US$ 20.28 billion in 2020 and is anticipated to grow at a CAGR of 16.8% during forecast period 2021 to 2030.

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Gummy Market (By Application: Vitamins, Minerals, Omega Fatty Acids, Proteins, Others (Probiotics, Botanicals, Fibers); By End User: Adult, Kids; By Distribution Channel: Store-based, Non-store-based) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Growth Factors

The advent of organic, clean, and natural formulated gummy supplements by key market participants; coupled with increasing customer demand for nutrition with taste and flavor is a major factor fueling the market growth.

Gummies are easy to chew and can be consumed on the go, thereby providing an easy supplementation solution during busy working schedules for adult consumers. Besides, gummies are highly popular among kids due to the availability of different flavors, colors, and attractive shapes.

Moreover, the prevailing trend of adopting preventive healthcare measures by parents since the birth of a baby is expected to drive the growth of the market in the coming years. In addition, the busy lifestyle of individuals has encouraged on-the-go eating habits; thus, a shifting focus towards an alternative form of nutrients which is expected to stimulate growth for convenient and easy-to-swallow gummy. 

Report Highlights

 The vitamins segment led the market accounting for more than 65% of the overall revenue share in 2020. The increasing working-class population and changes in lifestyles have failed to keep up with the nutrition requirement through food; thus, the demand for vitamin supplements has been increasing.

Factors fueling interest in vitamin supplements also include increasing healthcare costs, a growing aging population, and rising awareness about maintaining a healthy diet. Moreo0ver, gummies are a convenient vitamin delivery system for children, who are reluctant to consume supplements in other forms.

The adult end-user segment dominated the market with a revenue share of more than 72% in 2020. The rising demand for convenient dietary supplements from working professionals, sports enthusiasts, elderly people, and pregnant women is expected to augment the growth of the adult end-user segment over the forecast period.

The trend of clean labels and organic products has shifted consumer preference toward botanicals. Consumers are willing to pay more for supplements with such health claims owing to their anti-inflammatory and anticancer properties.

The non-store distribution channel segment is expected to witness the fastest CAGR of more than 24% during the forecast period. Increasingly sophisticated consumer demands coupled with the rising penetration of e-commerce are mainly driving the growth of this segment. Key manufacturers are accessing new distribution channels to connect with the diverse consumer base, which has increased the product sales through the non-store-based channels, such as online stores and other e-retailers like Amazon, 1mg, and others.

North America dominated the market and accounted for a revenue share of over 48% in 2020. Over the past decade, the dietary supplement industry has witnessed significant growth in North America with the expansion of a health-conscious consumer base, particularly in developed countries, such as the U.S. and Canada.

Key Players

  • Procaps Group
  • Santa Cruz Nutritionals
  • Amapharm
  • Herbaland Canada
  • Allseps Pty. Ltd.
  • Vitux AS
  • Boscogen, Inc.
  • Bettera Brands, LLC
  • NutraStar Manufacturing Ltd.
  • Better Nutritionals
  • Prime Health Ltd.
  • AJES Pharmaceuticals LLC
  • Lactonova
  • SMPNutra.com
  • Lexicare Pharma Pvt. Ltd.
  • Superior Supplement Manufacturing
  • Well Aliments
  • Supplement Factory Ltd.
  • Vitakem Nutraceutical, Inc.
Report Coverage Details
Market Size US$ 52.06 billion by 2030
Growth Rate CAGR of 16.8% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application, End user, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Procaps Group; Santa Cruz Nutritionals; Amapharm; Herbaland Canada; Allseps Pty. Ltd.; Vitux AS; Boscogen, Inc.; Bettera Brands, LLC; NutraStar Manufacturing Ltd.; Better Nutritionals; Prime Health Ltd.; AJES Pharmaceuticals LLC; Lactonova; SMPNutra.com; Lexicare Pharma Pvt. Ltd.; Superior Supplement Manufacturing; Well Aliments; Supplement Factory Ltd.; Vitakem Nutraceutical, Inc.

Market Segmentation

  • Application
    • Vitamins
    • Minerals
    • Omega Fatty Acids
    • Proteins
    • Others (Probiotics, Botanicals, Fibers)
  • End User
    • Adult
    • Kids
  • Distribution Channel
    • Store-based
    • Non-store-based
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
    • Central & South America
      • Brazil
      • Columbia
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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