Published Date: 2019-06-20 | Pages: Ongoing | Tables: Ongoing | Report ID: 7246
Industry: Food & Beverages
Gummy vitamins chewable vitamins that are used as dietary supplements. They are similar to gummy candies in terms of colors, textures, flavors, and shapes. The demand for gummy vitamins is on the rise as they are easier form of nutritional supplements. The gummy vitamins were made for the kids and adults. The option of getting the right dose of vitamins in tasty and candy-like edibles have increased the opportunities for the global gummy vitamins market. The research report on gummy vitamins surveys the reasons for its growing demand and its future in the forthcoming years.
Gummy Vitamins Market: Drivers and Opportunities
The nutritional deficiencies have stoke the demand for vitamin supplements, evidently becoming the key growth driver for the global gummy vitamins market. The convenience of taking gummy vitamins over traditional pills has sparked an interest of consumers and manufacturers in this market. Introduction of a number of flavors and interesting packaging of products has also created a huge demand for gummy vitamins. The growing cases of malnourishment, increasing awareness about nutrition for kids, improvement of distribution channels, and extended shelf life of gummy vitamins have collectively contributed toward growth of the global market.
Rise of e-commerce has also made its significant contribution to the growing gummy vitamin sales. It has tremendously helped manufacturers to increase their profit margins by creating an opportunity to reach out to wider demographic.
On the flip side, the global gummy vitamins market is threatened by the risk of overconsumption. Unregulated intake is the potential restraint for the global market.
Gummy Vitamins Market: Segments
Global Gummy Vitamins Market Analysis by Product Type
Single Vitamin Gummy
● Omega & DHA
● Vitamin C
● Vitamin D3
Probiotic Vitamin Gummy
● Bacillus Subtilis
● Bacillus Coagulans
The gummy vitamins are segmented as single vitamin, multi vitamin, and probiotic vitamin. Analysts anticipate that the multivitamin gummy segment is expected to lead the global market in the coming years. This type of gummy vitamin will remain popular amongst children as it is the easiest way of correcting their vitamin deficiencies. By Age Group
North America is expected to dominate the gummy vitamins market. The major contributing factors for the market growth in this region are increased the number of health-conscious people and strong presence key players in the market. The growing awareness about consumption of right nutrition has augmented the regional market significantly. Europe and Asia Pacific too are expected to show sizeable potential in the coming years as awareness and urbanization brings focus on better living.
Gummy Vitamins Market: Company Profile and Competitive Landscape
The market forerunner of the global gummy vitamins market is BAYER AG, Pfizer Inc., Smarty Pants Vitamins, Pharmavite Llc, ABH Nature's Products Inc, Olly Public Benefit Corporation, Nutranext, etc. Apart from these, there are a number of emerging players, such as Church & Dwight Co. Inc, The Honest Company, Inc, Herbaland Naturals Inc., HerNutritionals Llc, Zanon Vitamec, Life Science Nutritionals, Boscogen, Inc and so on.
Companies such as BAYER AG, Pfizer Inc., Smarty Pants Vitamins are focussing on new products launches to strengthen their positions in the global market. Addition of new flavors and developing gummy vitamins for different needs have been the key strategies of these companies. For example, Smarty Pants Vitamins launched organic gummy vitamin with probiotics and omega-3's as supplement for the whole family. The companies have also started with gummy vitamin specifically for women and geriatric population to remain relevant in the stiff competition.
Gummy Vitamins Market: Research Methodology
The team of analysts at QY Research have left no stone unturned to provide an exhaustive research. The gummy vitamins market report has been meticulously explained through real-time primary and secondary data collection. The primary research phase involved interviewa and company case studies; while the secondary research included studying company press releases, trade journals, and other industry publications. The detailed analysis intends to offer insights for taking the right business decisions.
Reasons to Buy this Report
● For exclusive data about the global gummy vitamins market in the latest research report.
● For authentic forecasts pertaining to capacity, production, value, consumption, and growth rate (CAGR), market share, and milestones so far.
● For valuable insight into manufacturers, capacity, production, revenue, market share, and recent development.
● For identifying significant trends, drivers, influence factors in global, and regions.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Food and beverages sector is considered to be one of the fastest-growing one. Growth of its various industries, right from processing, packaging, and labelling amongst others, have witnessed unbelievable transformation over the years. Players in the food and beverages industry are constantly catering to the changing lifestyle needs that are at times characterized by healthy eating habits or higher purchasing power. The food and beverages industry is extremely dynamic and hence requires a constant watch.
Our researchers have created a repository of thoroughly-researched reports that are aimed at offering the readers a detailed outlook of the industry. Analysts have focused on issues such as food security, evolving demographics, and changing dietary habits. Packaging and innovation therein, along with emerging trends such as organic food items have been discussed through these publications.
Request for data as per your requirement
Get specifications suitable to your business
Receive an in-depth and unique understanding of the subject matter
Acquire insight into specific area of the industry