The global gummy supplements market is estimated to be valued at USD 28.14 Bn in 2024 and is expected to reach USD 72.17 Bn by 2031, growing at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031. Gummy supplements have emerged as a popular format for vitamin and nutrient intake especially among millennial and generation Z consumers who prefer chewable and colorful formats over traditional pills. The global market players are innovating in terms of flavors, ingredients, and formats to capitalize on the demand from young consumers. Gummy supplements containing vitamins, minerals, herbs, plant extracts, and other ingredients are marketed as immunity boosters, sleep-aids, digestive aids, and many other health benefits.
Market Dynamics:
The key drivers propelling the growth of the global gummy supplements market include growing health consciousness among young consumers, easy swallow formats attracting people with swallowing difficulties, and rising demand for preventive healthcare and daily wellness products. However, the market also experiences certain restraints such as perception of gummies as ‘candy’ limiting credibility as health supplements in some regions. Introduction of organic, vegan, and clean label products present lucrative opportunities for market expansion. Stringent regulations around health claims and ingredients also pose a challenge.
Key Features of the Study:
- This report provides an in-depth analysis of the global gummy supplements market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global gummy supplements market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Amapharm, Procaps Group, Vitakem Nutraceutical, Inc., Santa Cruz Nutritionals, Herbaland Canada, Allseps Pty. Ltd., Vitux AS, Boscogen, Inc., Bettera Brands, LLC, NutraStar Manufacturing Ltd., Better Nutritionals, Prime Health Ltd., AJES Pharmaceuticals LLC, Lactonova, SMPNutra.com, Lexicare Pharma Pvt. Ltd., Superior Supplement Manufacturing, Well Aliments, and Supplement Factory Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global gummy supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gummy supplements market.
Detailed Segmentation-
- By Type:
- Vitamin gummies
- Omega-3 fatty acid gummies
- Collagen gummies
- CBD gummies
- Others
- By End User:
- By Distribution Channel:
- Hypermarket/Supermarket
- Convenience Store
- Pharmacies and Drug Stores
- Online Channel
- Other
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Amapharm
- Procaps Group
- Vitakem Nutraceutical, Inc.
- Santa Cruz Nutritionals
- Herbaland Canada
- Allseps Pty. Ltd.
- Vitux AS
- Boscogen, Inc.
- Bettera Brands, LLC
- NutraStar Manufacturing Ltd.
- Better Nutritionals
- Prime Health Ltd.
- AJES Pharmaceuticals LLC
- Lactonova
- SMPNutra.com
- Lexicare Pharma Pvt. Ltd.
- Superior Supplement Manufacturing
- Well Aliments
- Supplement Factory Ltd.
