Product ID: UCMIG30I2286
Report ID:
UCMIG30I2286 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The gummy supplements industry is poised for significant growth, with projections indicating that it will achieve a market size of approximately $48.5 billion by 2028, showcasing a robust compound annual growth rate (CAGR) of 14.5% throughout the forecast period. As of 2023, the market is estimated to be worth around $24.6 billion. This remarkable expansion can be attributed to an increasing global focus on health and wellness, coupled with a growing per capita income, driving consumers to search for convenient and pleasurable methods of enhancing their dietary intake.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30I2286