Gummy Vitamins Market Enabling Growth Through Continuous Improvement

(Heraldkeepers via Comtex)

The Gummy Vitamins Market size is projected to reach USD XX Million by 2026, from USD XX Million in 2020 growing at a CAGR of XX during 2021-2026. The research covers the current and historic Gummy Vitamins Market size and its growth trend with company outline of Key players/manufacturers Boli Naturals LLC, Nutra Solutions , Makers Nutrition, LLC, Hero Nutritionals LLC., Ion Labs, Inc., Bayer AG, Ferrara Candy Company, Ernest Jackson, Vitakem Nutraceutical Inc., Contract NUTRA among others.

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This global Gummy Vitamins market report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the industry with analysis on vendors, geographical regions, types, and applications. This Gummy Vitamins market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player. This global Gummy Vitamins market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.

With the effectual use of technology, innovative applications and expertise, this Gummy Vitamins market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights and analysis has been offered via this report. Several critical market factors covered in this Gummy Vitamins Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Market research report execution is becoming very central for the businesses to gain success because it offers insights into revenue growth and sustainability initiative.

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Drivers: High demand for on-the-go dietary supplement products

In recent years, health-conscious consumers are looking for nutritional foods and food products with essential health ingredients to prevent possible diseases and improve physical and mental well-being. The increase in the aging population and rise in consumer awareness in developing and developed countries are the key factors that have led to the rise in consumer preference for products with healthy ingredients, such as vitamins, required for the prevention or treatment of specific existing conditions. The increase in demands for such products has led several manufacturers to launch various products infused with vitamins in the dietary supplements market.

However, the millennials across regions and countries are witnessing busier work schedules and the increase in the geriatric population that are experiencing problems with pill-consumption. Due to these factors, consumers in the market are witnessing high demand for convenient vitamin-based products that can be consumed on-the-go and are easy to consume, such as easy to chew instead of swallowing. Gummy vitamins help address these problems and provide consumers with on-the-go consumption characteristics, along with ease in consumption, as they are chewable candies. Apart from this, the pleasant sugar-based flavor coating on gummy vitamins also appeal to a larger consumer base in terms of taste preferences. The geriatric population and children avoid the consumption of dietary supplements due to their harsh, unappealing, and unpleasant strong tastes, due to which gummy vitamin manufacturers witness high growth potential to commercialize a line of their products. In addition, key factors such as the increased quantity of multi-vitamins in gummy vitamins encourage consumers to adopt these products rather than opt for other singular vitamin tablets or capsules, which, in turn, provides them convenience in consumption. Hence, the increase in demand for convenient and on-the-go supplements is further encouraging the demand for gummy vitamins.

Restraints: High cost of products

A majority of vitamins available in the market are synthetic in nature. In addition, key factors that have led to the increased popularity of synthetic vitamins among gummy vitamin manufacturers is the low availability of raw materials for naturally-sourced vitamins, which results in high production costs associated with naturally-sourced vitamins than synthetic vitamins. Most of the synthetic vitamins are produced from petroleum extracts or coal tar derivatives, which serve as cheaper raw materials. Even though naturally-sourced vitamins witness an increase in preference among consumers, their production is associated with high production costs and investment.

Furthermore, operational hindrances in the availability of raw materials in the recent past have resulted in interference with the efficient supply of vitamins A and E. There are a few natural foods that provide vitamin D and increase the risk of vitamin D deficiency among consumers. Vitamin D, vitamin A, and several other vitamins face the problem of raw material unavailability, due to which there is an increase in the price. These factors add to the production costs of gummy vitamins. In addition, the formulation of a gummy supplement infused with additional nutrients, flavors, and colors is relatively complicated and costly as compared to formulating tablets or capsules. This, in turn, leads to additional costs of production, which further leads to the premium pricing of gummy vitamins as compared to the conventional vitamin dietary supplements in the form of tablets, capsules, or pills. Thus, fluctuations in the availability of raw materials are projected to impact the pricing of gummy vitamins. Its volatile prices are a key challenging factor inhibiting the growth of the gummy vitamins market.

Recent Developments

In April 2019, Church & Dwight, under its brand Vitafusion, launched Vitafusion Organic, a new line of organic supplements, which include women's multi, men's multi, Vitamin D3, and Vitamin B-12. This helped the organization in expanding its product portfolio in organic gummy vitamins.

In March 2018, The Clorox Company's growth increased through the acquisitions of one of the leading brands, Nutranext. This helped the company to expand its health and wellness product portfolio with Nutranext dietary supplements and RenewLife digestive health products.

Major Classifications are as follows:

Gummy Vitamins Market: By Product Type

Prebiotics
Multivitamins
Single-Vitamins

Gummy Vitamins Market: By Source

Animal
Plant

Gummy Vitamins Market: By Packaging Type

Bottles
Jars
Pouches

Gummy Vitamins Market: By Distribution Channel

Hypermarket
Supermarket
Specialty Stores
Retail Pharmacies
Online Sales Channel

Gummy Vitamins Market: By End-User

Adult
Children

Gummy Vitamins Market: By Applications

Vitamin Deficiency Recovery
Boost Immunity
Food Supplements
Weight Management
Others

Gummy Vitamins Market: By Geography

Europe
Germany
France
United Kingdom
Italy
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Rest of Asia Pacific
North America
U.S.
Canada
South America
Brazil
Argentina
Rest of South America
Rest of the World
Middle East
Africa

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Gummy Vitamins Market : Report Chapters

Chapter 01 - Executive Summary

Chapter 02 - Market Overview

Chapter 03 - Key Market Trends

Chapter 04 - Key Success Factors

Chapter 05 - Global Gummy Vitamins Market – Pricing Analysis

Chapter 06 - Global Gummy Vitamins Market Demand (in Value or Size in US$ Mn) Analysis and Forecast, 2021-2026

Chapter 07 - Market Background

Chapter 08 - Global Gummy Vitamins Market Analysis () & Opportunity Assessment , By Product Type

Chapter 09 - Global Gummy Vitamins Market Analysis & Opportunity Assessment , by Distribution Channel

Chapter 10 - Global Gummy Vitamins Market Analysis & Opportunity Assessment , by Region

Chapter 11 - North America Gummy Vitamins market Analysis & Opportunity Assessment

Chapter 12 - Latin America Gummy Vitamins Market Analysis & Opportunity Assessment

Chapter 13 -Europe Gummy Vitamins market Analysis & Opportunity Assessment

Chapter 14 - East Asia Gummy Vitamins market Analysis and Forecast

Chapter 15 - South Asia Gummy Vitamins market Analysis and Forecast

Chapter 16 - Oceania Gummy Vitamins market Analysis and Forecast

Chapter 17 - MEA Gummy Vitamins market Analysis & Opportunity Assessment

Chapter 18 - Market Structure Analysis

Chapter 19 - Competition Analysis

Chapter 20 - Assumptions and Acronyms Used

Chapter 21 - Research Methodology

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COMTEX_393405165/2582/2021-09-15T17:53:47