The Global Gummy Supplements Market Growth Accelerated By Adoption Of Health-Conscious Lifestyles

The Global Gummy Supplements Market Growth Accelerated By Adoption Of Health-Conscious Lifestyles

Gummy supplements are chewable gummy-shaped supplements that provide vitamins, minerals, probiotics and other active ingredients. They provide nutrients in a fun, easy to consume method for all age groups. Gummy supplements are ideal for those who have trouble swallowing pills due to age or medical conditions.

The global gummy supplements market is estimated to be valued at US$ 4093.89 Mn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
An increasingly busy work culture has led to poor diet and lack of vital nutrients in the body. Gummy supplements have emerged as a convenient way for people to meet their daily nutrition needs without having to swallow pill-sized vitamins. Their gelatin-based formulation and fruity flavors make them appealing even to children and the elderly. Leading supplement companies have witnessed rising demand for gummy option of popular vitamin and mineral supplements. The trend is expected to continue driving market revenue growth over the forecast period.

Segment Analysis

The global gummy supplements market is dominated by single vitamins sub-segment. Due to rising health awareness among people, the demand for nutritional supplements in convenient form like gummy has increased significantly. Gummy supplements are tasty and easier to consume than traditional pill-form supplements, especially for kids and elder people. This has resulted in wide acceptance of single vitamins gummy supplements among consumers.

Key Takeaways

The Global Gummy Supplements Market Size  is expected to witness high growth over the forecast period of 2023 to 2030. The global gummy supplements market is estimated to be valued at US$ 4093.89 Mn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030.

Regional analysis related content comprises
North America is expected to continue its dominance in the global gummy supplements market during the forecast period. The growing dietary supplement industry and changing consumer preferences towards easier consumption formats are some major factors contributing to the largest share of North America. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period. Rising disposable incomes, increasing health awareness among consumers, growing millennial population are some key factors attributed to the fastest growth of the gummy supplements market in Asia Pacific.

Key players related content comprises
Key players operating in the gummy supplements market are Diebold Nixdorf, Inc., DXC Technology, ECR Software Corporation, Fujitsu, ITAB Group, NCR Corporation, Pan-Oston Corporation, ShelfX Inc., Slabb Inc., and Toshiba Global Commerce Solutions. Diebold Nixdorf, Inc. offers gummy dietary supplements under the brand names Centrum and Flintstones which helps in improving overall health and immunity. DXC Technology provides gummy supplements in different variants like single vitamins, multivitamins etc. through modern trade channels.

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