The global plant-based gummy supplements market size to account USD 3.45 billion by 2029 growing at a CAGR of 8.9% in the forecast period of 2022-2029. Given the growing number of fitness clubs and gyms around the world, as well as consumer health consciousness, manufacturers of sport supplements are focusing on improving their promotional strategies in order to attract a large segment of customers.
Gummy vitamins are chewable vitamins with the texture and flavour of gummy candies and come in a variety of flavours, colours, and shapes. They are one of the most widely used types of vitamins. These vitamins are appealing to both children and adults who dislike taking pills.
Increasing levels of disposable income among people, rapid urbanisation around the world, rising awareness among people about health issues such as obesity, malnutrition, and weak immune systems, surging volume of patients suffering from lifestyle-related disorders, increasing prevalence of geriatric population, and increased focus on quality supplement production to boost demand are some of the major and vital factors that will likely augment the market.
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Global Plant-Based Gummy Supplements Market Scope and Market Size
Gummy dietary supplements market is segmented on the basis of ingredient, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the gummy dietary supplements market is segmented into vitamins, botanicals, minerals, proteins and amino acids, fibers and specialty carbohydrates, omega fatty acids, and others.
- Based on application, the gummy dietary supplements market is segmented into energy and weight management, general health, bone and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and others.
- Based on the end user, the gummy dietary supplements market is segmented into adults, geriatric, pregnant women, children, and infants.
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Plant-Based Gummy Supplements Market Country Level Analysis
North America accounted for a sizable portion of the global vegan supplement market. Increased medical service costs in North America are driving market growth in this sector. The rising cost of medical services has prompted a shift in consumer behaviour toward incorporating healthy alternatives into daily routines, resulting in significant growth in consumption and demand for vegan supplements and a brighter market outlook. The Asia-Pacific region offers significant expansion potential for operational players due to the presence of countries such as India, China, Australia, New Zealand, and others. The market's growth is being driven primarily by the adoption of a western lifestyle, population growth, and an increase in consumer disposable income.
The country section of the plant-based gummy supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
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Some of the major operating in the plant-based gummy supplements market report are:
Amway; Abbott.; Arkopharma; Bayer AG; Glanbia plc; Pfizer Inc.; ADM; Carlyle Investment Management L.L.C.; Nu Skin Enterprises Inc.; Herbalife International of America, Inc.; Nature's Sunshine Products, Inc.; Bionova; Ayanda; Nutraceutics Corporation; American Health; Stepan Company; DuPont; The Himalaya Drug Company.; Otsuka Pharmaceutical Co., Ltd.; Nestlé S.A.; among other domestic and global players.
Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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