The gummy supplements market has experienced significant growth in recent years due to various factors. Consumers are increasingly seeking convenient and enjoyable ways to incorporate supplements into their daily routines, and gummy supplements provide a tasty and appealing option. The market has witnessed a surge in demand for a wide range of gummy supplements, including vitamins, minerals, probiotics, and herbal extracts. Companies have been quick to capitalize on this trend, introducing innovative formulations and flavors to attract consumers. Furthermore, the rising health-consciousness among individuals, coupled with the perception that gummy supplements are more palatable than traditional pills, has contributed to the market's expansion. As a result, the gummy supplements market is expected to continue its growth trajectory in the foreseeable future.
The global Gummy Supplements market was valued at US$ 3,721.78 Mn in 2021 and is forecast to reach a value of US$ 56,712.00 Mn by 2030 at a CAGR of 4.88% between 2022 and 2030.
Leading Companies in the Gummy Supplements Industry:
1. GlaxoSmithKline (GSK)
GlaxoSmithKline (GSK) is a British multinational pharmaceutical company that was founded in 2000 through the merger of Glaxo Wellcome and SmithKline Beecham. It is headquartered in Brentford, United Kingdom. GSK operates in over 100 countries worldwide and is focused on the research, development, and production of pharmaceuticals, vaccines, and consumer healthcare products. In recent developments, in March 2023, GSK announced the launch of gummy supplements under their Sensodyne brand, catering to oral health needs.
2. Bayer AG
Bayer AG is a German multinational pharmaceutical and life sciences company that was founded in 1863. The company is headquartered in Leverkusen, Germany. Bayer operates in more than 90 countries worldwide, including the United States, Brazil, and Japan. In the field of gummy supplements, Bayer has been actively involved in research and development. In March 2023, Bayer announced the launch of a new line of gummy vitamins under its consumer health brand, One A Day. These gummy vitamins are designed to provide essential nutrients in a convenient and enjoyable format.
3. Amway Corporation
Amway Corporation is an American multi-level marketing company that was founded in 1959. It is headquartered in Ada, Michigan. Amway operates in over 100 countries worldwide, including the United States, China, and Brazil. In the field of gummy supplements, Amway has been expanding its product offerings. In January 2023, Amway announced the launch of Nutrilite Kids Power of Gummies, a range of gummy vitamins for children. These gummies are formulated with essential nutrients to support children's growth and development.
4. Church & Dwight Co. Inc.
Church & Dwight Co. Inc. is an American consumer packaged goods company that was founded in 1846. The company is headquartered in Ewing, New Jersey. Church & Dwight operates in several countries worldwide, including the United States, Canada, and the United Kingdom. In the field of gummy supplements, Church & Dwight has been focusing on innovation. In February 2023, the company announced the launch of a new line of gummy vitamins under its Vitafusion brand. These gummies are made with natural fruit flavors and provide a convenient way to supplement essential nutrients.
5. Nestle SA
Nestle SA is a Swiss multinational food and beverage company that was founded in 1866. The company is headquartered in Vevey, Switzerland. Nestle operates in more than 180 countries worldwide, including the United States, China, and Brazil. In the field of gummy supplements, Nestle has been expanding its product range. In April 2023, Nestle announced the launch of a new line of gummy supplements under its Wellness by Nestle brand. These gummies are formulated with specific nutrients to support different health needs, such as immunity, digestion, and energy.
6. Hero Nutritionals® LLC.
Hero Nutritionals® LLC. is an American company that specializes in gummy vitamins and supplements. The company was founded in 1995 and is headquartered in San Clemente, California. Hero Nutritionals operates in several countries worldwide, including the United States, Canada, and Australia. In the field of gummy supplements, Hero Nutritionals has been focused on product innovation. In March 2023, the company introduced a new line of vegan gummy vitamins under its Slice of Life brand. These gummies are made with plant-based ingredients and are suitable for individuals following a vegan lifestyle.
7. Aesthetic Nutrition Pvt. Ltd
Aesthetic Nutrition Pvt. Ltd, known for its brand Power Gummies, is an Indian company that specializes in gummy vitamins and supplements. The company was founded in 2018 and is headquartered in New Delhi, India.
Definition- Gummy supplements are a type of dietary supplement that come in the form of chewable gummies. They are typically infused with vitamins, minerals, and other beneficial ingredients, providing an enjoyable and convenient way to supplement one's nutritional intake.
