Gummy supplements contain ingredients to improve their nutritional worth. Many people use gummy supplements to help them lead a healthy lifestyle. These supplements are typically used to replenish missing nutrients while maintaining adequate dietary levels in the body.
Over the recent years, fitness and health savviness has picked up in the form of a trend as a result of increased prominence of various diseases such as cardiovascular diseases and cancer, including several medical conditions such as high cholesterol, obesity, high blood pressure, and diabetes. The aforementioned reasons have resulted in increased dependency on overall dietary supplements, including gummy supplements. Mass populace in general has undergone increased awareness regarding physique and health over the past few years. Numerous people from various geographies, backgrounds, and age groups have embraced fitness globally for better overall wellbeing, thus boosting the demand for gummy supplements substantially.
In 2020, North America held the largest share of the global gummy supplements market, and Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. North America includes various economies, such as the US, Canada, and Mexico. The increasing consumer awareness regarding fitness and health is the major driver for the gummy supplements market in this region. Many people from North America rely heavily on gummy supplements.
There is a growing consumer awareness about the health benefits of different types of gummy supplements, including vitamins, minerals, amino acids and proteins, probiotics, and blends, and their significance in controlling blood sugar levels, providing digestive support, and enhancing immunity. As a result of the region's growing urban population and changing lifestyle, dietary preferences have evolved considerably, leading to a larger market share.
The pandemic is expected to positively impact the gummy supplements market in the long term. The positive influence can be recognized as gummy supplements are in great demand across the globe because they provide required nutrients and palatability. Consumers are gravitating toward immunity-boosting and nutritious products as the number of instances of COVID-19 rises. Due to the pandemic, consumers have been increasingly attentive to their health and wellness. For instance, between January and April 2020, posts including the term “immunity” were up by 134% on social media platforms, according to the data published by gummy supplements contract manufacturer, named FONA International Inc.
Moreover, due to COVID-19's sudden impact, the market has seen a boom in demand for digestive and immune health products. As a result, sales of gummies consisting of vitamins, multivitamins, and other immunity-boosting functions have surged. Further, manufacturers have focused on growing sales by enticing customers to shop online instead to meet rising demand while keeping safety standards.
The increasing instances of chronic health-related issues are resulting in an increased emphasis on preventive measures to avoid the occurrence of diseases. Apart from exercising, maintaining a stress-free lifestyle, eating a healthy diet, and intake of supplements are also increasing to fortify immunity and avert any health-related issues. Therefore, dietary supplements in the form of gummies are gaining prominence as they are easier to consume than other forms, such as powder and pills.
Based on type, the global gummy supplements market is segmented into digestive health, immune health, brain health, skin health, multivitamins, single vitamins, and others. In 2020, the multivitamins segment accounted for the largest revenue share. Vitamins are compounds that human bodies require for appropriate development and functioning. Some common vitamins are A, C, D, E, K, choline, and the B vitamins (thiamin, riboflavin, niacin, pantothenic acid, biotin, vitamin B6, vitamin B12, and folate/folic acid). The deficiency of vitamin A, B, C, and E is becoming increasingly prevalent in many developing countries. As a result, consumers are turning to vitamin supplements to meet their daily vitamin requirements, aiding the growth of this segment.
Bayer AG; Church & Dwight, Inc.; Pharmavite LLC; Herbaland Naturals Inc.; Jarrow Formulas, Inc.; Life Science Nutritionals; Nature's Bounty; Nature's Way Products LLC; The Clorox Company; and Zanon Vitamec are a few players operating in the gummy supplements market. These companies provide a wide range of product portfolios for the market. Companies have their presence in developing regions, providing lucrative opportunities for the growth of the gummy supplements market. Market players are developing high-quality and innovative products to meet customers' requirements.
The "Global Gummy Supplements Market Analysis to 2028" is a specialized and in-depth study of the food & beverages industry with a special focus on the global gummy supplements market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.
The gummy supplements market is analyzed on the basis of product type, material, application, and geography. By type, the gummy supplements market is segmented into by digestive health, immune health, brain health, skin health, multivitamins, single vitamins, and others. based on end user, the market is bifurcated into adults and kids. based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.
The regional trends and factors influencing the Gummy Supplements Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Gummy Supplements Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 9.47 Billion |
| Market Size by 2028 | US$ 16.51 Billion |
| Global CAGR (2021 - 2028) | 8.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Gummy Supplements Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Gummy Supplements Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Gummy Supplements Market
The global gummy supplements market is primarily driven by increasing consumer focus on preventive health and availability of innovative products across multiple retail channels.
Based on distribution channel, the specialty stores segment held the largest market share owing to availability of a wide range of products of different brands coupled with presence of knowledgeable staff that help consumers in finding the right product
The gummy supplements market is highly competitive with presence of a large number of manufacturers competing on the basis of product differentiation and price.
In 2020, North America led the global gummy supplements market owing to rising prevalence of chronic and lifestyle diseases such as obesity, diabetes, and heart diseases in the region coupled with majority of consumers shifting toward active lifestyles.
Based on product type, the skin health segment is projected to grow at the fastest CAGR owing to rising concerns regarding skin issues such as acne, wrinkles, fine lines, dark circles, etc.
Some of the prominent players operating in the global gummy supplements market include Bayer AG; Church & Dwight, Inc.; Pharmavite LLC; Herbaland Naturals Inc.; Jarrow Formula, Inc.; Life Science Nutritionals; Nature’s Bounty; Nature’s Way Products LLC; The Clorox Company; and Zanon Vitamec.