Global Gummy Vitamins Market: Overview
The global gummy vitamins market is anticipated to grow and as per studies, it is expected that the market would chart an upward facing, steep curve over, over the period 2019-2029. Multiple factors are leading to the growth of this market. A prominent factors is the fact that these are no more used only for children who refuse to consume vitamins in medicine form. Additionally, as people witness a deteriorating lifestyle, need to consume vitamins is growing – driving global gummy vitamins market forward. Besides, it is noteworthy that over the forecast period, North America and Asia Pacific would be significant regional markets.
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Global Gummy Vitamins Market: Competitive Landscape
The global gummy vitamins market is fragmented and some of the top players that have marked the vendor landscape and are driving the market forward include the following:
- Boli Naturals LLC
- Nutra Solutions USA
- ABH Labs LLC
- Makers Nutrition LLC
- Melrob Group
- Sirio Pharma
- Gimbal Brothers, Inc.
- Bayer AG
- Ferrara Candy Company
- Ernest Jackson
- Vitakem Nutraceutical Inc.
- Contract NUTRA.
It is pertinent to note here that the global gummy vitamins market players are active and deploying several growth strategies in order to slice off a significant share of the market for themselves. A prominent strategy, as of now, is constant product improvement and new product launch. Others include key alliances for ensuring consolidation of market position and deeper market penetration.
Global Gummy Vitamins Market: Key trends and driver
A number of trends and drivers are keeping the global gummy vitamins market buoyant. Some of the prominent ones that contribute massively to the growth trajectory are outlined below:
- Vitamin deficiency is one of the most common health issue noted in the current day and age and it often leads to other, sometimes bigger, conditions in human beings. It is a result of changing lifestyle, which is marked by poor diet. As exhausted people come home from long and hard days at work, the will to worry about cooking and buying fresh ingredients is quite low. Thus, more and more people are now opting for supplements and gummy vitamins market is set to capitalize on this trend.
- Growth in incidence of chronic illnesses and a rapidly ageing population across the planet is leading to higher demand for easy to consume vitamins and other nutrients. This is a major growth contributor of the global gummy vitamins market. World over, people aged 62 and above will be approximately 2 billion by the year 2050.
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Global Gummy Vitamins Market: Regional Analysis
The global gummy vitamins market would witness North America topping the charts, dominating its landscape. Some of the most notable factors that are driving growth in this region are high disposable income, high awareness regarding vitamin deficiencies, robust healthcare system, and presence of some of the most notable market players. The health conscious populace of the region prefer consuming their daily nutrients. And, this is helping the region lay claim on to a significant market share.
Besides, it is worth noting that the region, particularly countries like the United States of America and Canada, is witnessing a growth in incidence of chronic illnesses. And, this is also contributing massively to the growth of regional market of gummy vitamins.
The report is segmented as presented below:
- Single Vitamins
- Omega & DHA
- Vitamin D
- Vitamin C
- Vitamin B
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