Market Research Future (MRFR) confirms that gummy vitamins market could reach USD 9,395.1 million in 2020-2028 and is projected to grow 9.10% between 2018-2028.
Top Boosters and Key Restrictions
Gummy Vitamins Market are available in a variety of flavors, including lemon, raspberry, cherry and orange, and are hugely popular around the world. These strengthen health, are easy to chew and are particularly suitable for people who find it difficult to swallow pills.
Another important reason behind the market growth can be the growing cases of chronic diseases, especially in developed regions like Europe and North America. In particular, the rising cases of dysphagia could boost sales of gummy vitamins in the years to come. Apart from that, the growing population of vegetarians as well as vegans in the UK and US and growing health awareness with an increasing number of consumers choosing low-sugar or no-sugar products has prompted market players to develop new products aimed at this class of consumers .
To cite a reference, in September 2020, YumVs Vitamins launched YumVs ZERO, its latest line of sugar-free gummy vitamins using chicory root as a natural sweetener. The line includes vitamin C, multivitamin and berry flavored gummies, as well as probiotics, fiber gummies and iron that promote healthy teeth, hair and nails.
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The gummy vitamins industry has been considered in terms of type, end user and distribution channel.
The different types of gummy vitamins are multivitamins and single vitamins. The multivitamins segment can forecast the fastest growth with a growth rate of 9.20% and reach USD 6.61 billion by the year 2028. The segment of individual vitamins is expected to reach a CAGR of 8.88% during the assessment period and reach US$2.78 billion by the forecast period. ..