Global Gummy Vitamins Market

Global Gummy Vitamins Market Size, Share, Growth Analysis, By Distribution Chanel(Non-store-based and store-based), By Source(Plants and animals), By Application(Vitamins, minerals), By End-user(Adults and children) - Industry Forecast 2023-2030


Report ID: SQMIG35I2229 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 115 | Figures: 77

Global Gummy Vitamins Market Insights

Gummy Vitamins Market size was valued at USD 5.04 billion in 2021 and is poised to grow from USD 5.5 billion in 2022 to USD 6.04 billion by 2030, growing at a CAGR of 9.17% in the forecast period (2023-2030).

Gummy vitamins are easy to chew and are popular with people who have difficulty swallowing pills. Innovative products such as hemp-based gummies and pet gummies have reached the market in response to increased customer demand for additional vitamin sources. Previously, corporations only produced gummy vitamins in a few flavours and colours. However, with increased awareness and use, these have achieved wider recognition and acceptance. Church & Dwight Co., Inc., a U.S. producer focused on developing a line of gummies in a variety of flavours, including lemon, orange, cherry, strawberry, and others.

In March 2020, US-based start-up 16VIT developed numerous sticky vitamin supplements, including START, BLINK, CONTINUE and RESET, for the health of modern gamers. The company is well positioned to tap into the growing vitamin supplements market, with a growing variety of supplements, energy drinks, and multivitamins aimed at the avid gamer. Growing population and consumer knowledge in both emerging and developed countries are key factors driving consumer preference for nutritional products such as dietary supplements. Due to the increasing demand for such products, many manufacturers have introduced various vitamin supplements in the market. Manufacturers offering new products for special consumers such as vegetarians, diabetics, adults, and children have also helped expand the market.

After the emergence of COVID-19, the market for immune boosters grew significantly. Vitamin C and D intake have been linked to increased immunity. Consumers have become more health conscious, looking for nutritious foods to ward off diseases and improve their mental and physical health. These are particularly appealing to consumers because of their superior taste. Supplements are avoided by children and the elderly due to their unpleasant, pungent, and strong tastes. Gummy vitamins were created to help the elderly and young who have difficulty swallowing vitamin pills. As a result, the market is expected to expand in the coming years. While these frequently contain a few grams of sugar, vitamin pills are calorie and sugar-free. An increase in sugar intake can lead to an increased risk for diseases including diabetes and heart disease. Gummy vitamin overconsumption in children can result in health problems such as kidney stones. Minerals such as iron are frequently left out of gummies because they are difficult to include. These reasons are expected to restrain the market growth.

US Gummy Vitamins Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 5.04 billion

Largest Segment

Non-store-based

Fastest Growth

Non-store-based

Growth Rate

9.17% CAGR

Global Gummy Vitamins Market ($ Bn)
Country Share for North America Region (%)
Global Gummy Vitamins Market By Type ($ Bn)
Global Gummy Vitamins Market By Type (%)

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Global Gummy Vitamins Market Segmental Analysis

Global Gummy Vitamins Market is segmented on the basis of distribution channel, source, application, end-user, and region. By distribution channel, the market is segmented into non-store-based and store-based. By source, market is segmented into plants and animals. By application, market is segmented into vitamins, minerals, omega fatty acids, proteins, and other substances (Probiotics, Botanicals, and Fibers). By end use, market is segmented into adults and children. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Gummy Vitamins Market Analysis by Distribution Channel

The segment for non-store distribution channels is expected to experience a CAGR of over 14% during the forecast period. The increasing sophistication of consumer needs along with the increasing prevalence of e-commerce is primarily driving the expansion of this market. Major manufacturers are accessing new distribution channels to interact with a wider customer base, which has led to increased sales of products through non-store-based channels such as online stores and other e-retailers such as Amazon, 1mg, and others. Non-store-based channels also include network marketing and direct sales of products that do not require a physical store, such as those offered by Amway. According to the World Federation of Direct Selling Associations (WFDSA), independent direct sellers generated approximately USD 180.4 billion in sales worldwide in 2019.

Wellness products accounted for 36% of all products sold through direct selling worldwide. As a result, gummy supplement manufacturers may benefit from direct selling. However, the COVID-19 pandemic resulted in a decrease in direct selling sales due to lockdowns established across multiple regions to minimize disease spread. Online channels provide a simple one-click solution. With the increasing adoption of cellphones and e-commerce sites, the segment's growth is expected to be boosted by the rising young and working-class population.

Gummy Vitamins Market Analysis by Source

The revenue share of the plant segment was the highest in 2021. A growing vegetarian population, as well as growing concern about the environmental impact of dairy and meat-based products, is driving the market demand for plant-based products. Plant-based vitamin sources are becoming more popular as consumer preferences in the marketplace change. Fortified foods, mushrooms, algae, cereals, nutritional yeast, leafy greens, fruits, sea vegetables, avocados, and other plant-based vitamin sources are employed to create vitamin-based sticky vitamins. For example, in December 2021, a strawberry-flavored gummy candy using plant-based ingredients enhanced with B12 and D3 was introduced to the vegan community, which is expected to meet the needs of vegans.

Revenue from the animal segment is expected to grow at a moderate rate throughout the forecast period. Gelatin, a byproduct of animal bones, is a regularly used ingredient in animal-based chewable vitamins. Additionally, gelatin can be prepared by boiling animal skin, tendons, ligaments, and other body components. The use of animal-derived vitamin-based gummies as snacks for children is likely to drive revenue growth in the market.

Global Gummy Vitamins Market By Type, 2021 (%)

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Global Gummy Vitamins Market Regional Insights

In 2021, according to a regional study, the North America gummy vitamins market accounted for the largest revenue share. The growing number of health-conscious consumers is increasing the demand for consumable supplements and gummies as daily necessities. The growing vegetarian population is projected to increase the demand for plant-based vegetarian nutritional gummies. For example, in January 2022, Vegum announced the debut of a plant-based vitamin gummy for the vegetarian community in the United States to fuel the growing plant-forward crowd with growing awareness of the dairy and meat industries. Sales of these vitamins in the region are likely to increase due to hassle-free consumption and bear-sized gummies.

Asia Pacific is expected to grow at a significant CAGR during the forecast period. The prevalence of malnourished populations in APAC countries, particularly in India, is expected to drive the regional demand for gummy vitamins. To meet these countries' criteria, major competitors and startups are expanding their existing business processes. In July 2021, Power Gummies, a nutraceutical Indian firm, announced plans to expand its presence to around 1,000 outlets in India. The company plans to offer around 40 adhesive variants to meet customer needs.

Europe is expected to exhibit a moderate rate of revenue growth during the forecast period. Increasing population concerns, public awareness, and adequate investment to enhance the process of launching new products are driving revenue growth in the market of this region. Revenue growth is expected due to new product types and changing consumer preferences. For example, in August 2021, Yummygums, a Dutch startup, received a USD 1 26 million investment from Rabobank, a Dutch bank, and a group of business angels. Apart from major internationalization, the firm intends to produce vitamin-based fruity gummies to encourage people to adopt good behavior.

Global Gummy Vitamins Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Gummy Vitamins Market Dynamics

Gummy Vitamins Market Drivers

Growing vegetarian population and the spread of the malnourished population

  • The growing vegetarian population across the globe, as well as the prevalence of malnourished people, is likely to drive the revenue growth of the market. According to the study, the total vegetarian population will be approximately 79 million in January 2021, which is approximately 1% of the global population. The vegetarian population has grown significantly in recent years and is expected to grow further in the coming years. Animals are specific sources of vitamins and other important nutrients. The changing consumer preference for plant-based foods is increasing the demand for vegetarian multivitamins as nutritional supplements.

Gummy Vitamins Market Restraints

Available substitutes and less effectiveness of gummy vitamins

  • Multivitamins are less effective substitutes for vitamins and other nutrients than animal and plant-based sources of vitamins, minerals, iron, zinc, and other nutrients. Vitamin spray is a fun and tasty alternative to sticky vitamins. Sprays have a higher absorption rate than chewing gum containing nutrients. Overconsumption of gummy vitamins has adverse health effects and their sugar content can lead to tooth decay, heart disease, and weight gain among consumers, which is expected to hamper revenue growth in the gummy vitamin market. These candies contain sugar and citric acid, which stick to the teeth and create cavities and dents for dental health. Demand is limited by the fact that these gummies are less reliable than traditional sources of vitamins and other vital nutrients.

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Global Gummy Vitamins Market Competitive Landscape

Global Gummy Vitamins Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.

For example, In July 2022, Mankind Pharma, a well-known pharmaceutical company in India, launched its first series of multivitamin candies for children under the Health OK brand. This gummy multivitamin is recommended for teens and children aged 7 to 17. It promotes healthy growth as well as a stronger immune system. It comes in two flavors: lemon and strawberry, and it contain vitamins A, B12, C, and D, as well as zinc, calcium, iodine, and magnesium.

In August 2021, Catalent Inc., a company based in New Jersey, announced that it would buy Bettera Holdings LLC, a company that makes vitamin-based soft chew and gummy candies and is for USD $1 billion. The acquisition aims to considerably expand the consumer health business and give clients access to tremendous potential in the global market for vitamin-based lozenges, soft chews, and gummies.

In August 2021, MegaFood, a US-based dietary supplement provider of real food and critical minerals, announced that it will expand its multivitamin line with multivitamin-based gummies for various age groups. The gummies are vegetarian, Non-GMO Project Verified, gluten-free, glyphosate residue-free, and dairy-free promoting wellbeing and optimal health for men, women, and children aged 4 and up, as well as pregnant women.

Gummy Vitamins Market Top Player’s Company Profiles

  • Church & Dwight Co. Inc
  • Bayer AG

  • Nature's Bounty Co.

  • Olly Public Benefit Corporation

  • Pfizer Inc.

  • SmartyPants Vitamins

  • Life Science Nutritionals Inc.

  • Hero Nutritionals LLC

  • Pharmavite LLC

  • Sundown Nutrition

  • Rainbow Light Nutritional Systems

  • Nutramax Laboratories Inc.

  • Nordic Naturals Inc.

  • The Honest Company Inc.

  • Natural Dynamix LLC

  • Nutraceutical Corporation

  • Garden of Life LLC

  • Pure Encapsulations Inc.

  • Country Life LLC

  • Bluebonnet Nutrition Corporation

Gummy Vitamins Market Recent Developments

  • In February 2022, Optibac Probiotics launched vegan gummies for adults to improve their immunological and intestinal health. The gummies are prepared with actual fruit purees and have no added sugars, flavors, or sweeteners. They are dairy-free, gluten-free, and vegan.
  • In January 2022, PanTheryx introduced sugar-free gummy sweets to its TruBiotics portfolio for adults and children. The product contains the bacillus probiotic strain B. subtilis DE111, which helps digestion by producing enzymes and supports appropriate gut barrier function, among other things. Because it is naturally sweetened with fructooligosaccharides (FOS), a prebiotic fiber, the product is sugar-free.
  • In April 2021, Bayer AG launched its New RestoraFIBRE Daily Gummies in Canada. These fiber-rich candies are a convenient source of fiber. RestoraFIBREDaily Gummies contain inulin, soluble fiber, and a prebiotic, which promotes the growth of beneficial bacteria in the stomach.

Global Gummy Vitamins Key Market Trends

  • Women generally buy gummy vitamins offline to maintain their beauty by improving their skin, hair, nails, and other body parts. Supplements for beauty products rich in amino acids such as collagen and biotin help strengthen skin and promote hair growth.
  • Prenatal multivitamin gummies are becoming popular and preferred by many women because they are a great way to give mothers a variety of fruits and vegetables while also providing other important nutrients and vitamins.
  • Aesthetic Nutrition Pvt. Ltd., one of the top companies in the market, recently launched a new product called power gummy hair vitamins as a cheaper alternative to pricey salon treatments for hair improvement. This product has the potential to completely transform the hair care sector and eliminate costly salon fees.

Global Gummy Vitamins Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global gummy vitamins market analysis, innovative products such as hemp-based gummies and pet gummies have entered the market in response to growing consumer demand for additional vitamin sources. However, with increasing awareness and use, these have become more widely recognized and accepted. In March 2020, US-based start-up 16VIT developed a variety of sticky vitamin supplements, including START, BLINK, CONTINUE and RESET, for the health of modern gamers. The segment for non-store distribution channels is expected to experience a CAGR of more than 14% during the forecast period. The increasing sophistication of consumer needs along with the increasing prevalence of e-commerce is primarily driving the expansion of this market. North America market accounted for the largest revenue share. The growing number of health-conscious consumers is increasing the demand for consumable supplements and gummies as daily necessities. However, available substitutes for these vitamins and less effectiveness of gummy vitamins hampers market growth.

Report Metric Details
Market size value in 2021 USD 5.04 billion
Market size value in 2030 USD 6.04 billion
Growth Rate 9.17%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Distribution Chanel
    • Non-store-based and store-based
  • Source
    • Plants and animals
  • Application
    • Vitamins, minerals, omega fatty acids, proteins, and other substances (Probiotics, Botanicals, and Fibers)
  • End-user
    • Adults and children
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Church & Dwight Co. Inc
  • Bayer AG

  • Nature's Bounty Co.

  • Olly Public Benefit Corporation

  • Pfizer Inc.

  • SmartyPants Vitamins

  • Life Science Nutritionals Inc.

  • Hero Nutritionals LLC

  • Pharmavite LLC

  • Sundown Nutrition

  • Rainbow Light Nutritional Systems

  • Nutramax Laboratories Inc.

  • Nordic Naturals Inc.

  • The Honest Company Inc.

  • Natural Dynamix LLC

  • Nutraceutical Corporation

  • Garden of Life LLC

  • Pure Encapsulations Inc.

  • Country Life LLC

  • Bluebonnet Nutrition Corporation

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Gummy Vitamins Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Gummy Vitamins Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Gummy Vitamins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Gummy Vitamins Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Gummy Vitamins Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Gummy Vitamins Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Gummy Vitamins Market size was valued at USD 5.04 billion in 2021 and is poised to grow from USD 5.5 billion in 2022 to USD 6.04 billion by 2030, growing at a CAGR of 9.17% in the forecast period (2023-2030).

Global Gummy Vitamins Market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Church & Dwight Co. Inc', ' Bayer AG ', ' Nature's Bounty Co. ', ' Olly Public Benefit Corporation ', ' Pfizer Inc. ', ' SmartyPants Vitamins ', ' Life Science Nutritionals Inc. ', ' Hero Nutritionals LLC ', ' Pharmavite LLC ', ' Sundown Nutrition ', ' Rainbow Light Nutritional Systems ', ' Nutramax Laboratories Inc. ', ' Nordic Naturals Inc. ', ' The Honest Company Inc. ', ' Natural Dynamix LLC ', ' Nutraceutical Corporation ', ' Garden of Life LLC ', ' Pure Encapsulations Inc. ', ' Country Life LLC ', ' Bluebonnet Nutrition Corporation '

The growing vegetarian population across the globe, as well as the prevalence of malnourished people, is likely to drive the revenue growth of the market. According to the study, the total vegetarian population will be approximately 79 million in January 2021, which is approximately 1% of the global population. The vegetarian population has grown significantly in recent years and is expected to grow further in the coming years. Animals are specific sources of vitamins and other important nutrients. The changing consumer preference for plant-based foods is increasing the demand for vegetarian multivitamins as nutritional supplements.

Women generally buy gummy vitamins offline to maintain their beauty by improving their skin, hair, nails, and other body parts. Supplements for beauty products rich in amino acids such as collagen and biotin help strengthen skin and promote hair growth.

In 2021, according to a regional study, the North America gummy vitamins market accounted for the largest revenue share. The growing number of health-conscious consumers is increasing the demand for consumable supplements and gummies as daily necessities. The growing vegetarian population is projected to increase the demand for plant-based vegetarian nutritional gummies. For example, in January 2022, Vegum announced the debut of a plant-based vitamin gummy for the vegetarian community in the United States to fuel the growing plant-forward crowd with growing awareness of the dairy and meat industries. Sales of these vitamins in the region are likely to increase due to hassle-free consumption and bear-sized gummies.

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Global Gummy Vitamins Market

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