Gummy Supplements Market, By Type (Vitamin gummies, Omega-3 fatty acid gummies, Collagen gummies, CBD gummies, and Others), By End User (Children and Adults), By Distribution Channel (Hypermarket/Supermarket, Convenience Store, Pharmacies and Drug Stores, Online Channel, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5103

Pages :159

Formats :

Excel and PDF

Industry : Food and Beverages

Gummy Supplements Market Size and Trends

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 Market Key Factors

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Factors such as increasing health-consciousness among people, especially millennials, and changing consumer preferences towards convenient supplementation are expected to support the market growth. Moreover, growing availability of gummy supplements with varied nutritional profiles and innovative flavors is further expected to drive their demand among different consumer groups globally. However, comparatively higher costs of gummy supplements over traditional supplements may hinder the market growth to some extent over the forecast period.

Rising Health Consciousness

With people becoming increasingly health conscious, there is a growing demand for nutrition products that are easily consumable. Gummy supplements have emerged as a popular option owing to their tasty and fun format that makes ingesting vitamins and minerals an enjoyable experience. Unlike traditional pills and capsules, gummies do not leave an unpleasant taste in the mouth and are mostly gelatin or fruit-based making them appealing even to children and people who have difficulty swallowing tablets. As people strive to lead healthier lifestyles and incorporate daily intake of essential nutrients, gummy supplements have become a popular choice. Their attractive colors and flavors help mask the natural or synthetic taste and ensure compliance as people look forward to their daily dose of vitamins and minerals in candy-like form. The growing preference for convenient healthcare formats is driving the demand for gummy supplements globally.

/p>Changing Lifestyles and Busy Schedules

People today lead extremely busy lives with long working hours and hectic schedules leaving little time for self-care and proper nutrition. Fast-paced lifestyles coupled with irregular meal timings often leave gaps in meeting daily nutritional requirements. This makes it challenging for people to maintain a balanced diet through food alone. Gummy supplements have emerged as a simple and effective solution for such individuals to complement their dietary needs in a time-efficient manner. Bite-sized gummies can be popped in almost anywhere - in traffic, during commute, while traveling without needing water. This round-the-clock convenience and portability factor makes them immensely popular as a snack-cum-supplement over traditional pills or syrups. Busy millennials, parents, and professionals find gummy supplements to be an easy way to seamlessly integrate daily supplementation into their on-the-go routines. Their low-effort format is well aligned with the evolving nutrition needs of fast-moving societies.