Market Overview
The global Gummy Supplement market size was valued at USD 24,000 million in 2022 and is projected to reach USD 48,000 million by 2033, growing at a CAGR of 14.5% during the forecast period.

Report Scope

Report Attributes	Description
Market Forecast in 2022	USD 24,000 million
Market Forecast in 2033	USD 48,000 million
CAGR % 2023-2033	14.5%
Base Year	2022
Historic Data	2020-2021
Forecast Period	2023-2033
Report USP	Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more
Key Companies	Church & Dwight Co., Inc.; Bayer AG; Nature's Bounty Co.; Olly Public Benefit Corporation; Hero Nutritionals, LLC; SmartyPants Vitamins; Pharmavite LLC; The Honest Company; Vitafusion (Church & Dwight Co., Inc.); Nordic Naturals, Inc.

Global Gummy Supplement Market- Description
The gummy supplement market refers to the market for dietary supplements in the form of gummy candies. Gummy supplements are a popular and convenient way for consumers to incorporate essential vitamins, minerals, and other nutrients into their daily diet. Gummy supplements are nutritional supplements that are formulated as chewable gummy candies. They are designed to provide various vitamins, minerals, herbal extracts, and other beneficial ingredients in an enjoyable and easy-to-consume format. Gummy supplements offer an alternative to traditional supplement forms such as tablets, capsules, and powders. The growing consumer preference for convenient and enjoyable supplement options has been a significant driving factor for the gummy supplement market. Gummy supplements offer a pleasant taste, appealing texture, and easy consumption, making them particularly popular among children, older adults, and individuals who have difficulty swallowing pills. The global focus on health and wellness has led to a growing awareness of the importance of adequate nutrition and supplementation. Consumers are increasingly seeking ways to improve their overall well-being and support specific health needs. Gummy supplements provide an attractive option for individuals looking to address nutritional gaps and support their health goals.

Global Gummy Supplement market: Key Trends
• Expansion of Target Demographics:
Initially popular among children, gummy supplements have expanded their target demographics to include adults of all age groups. Manufacturers are developing gummy supplements that cater to specific health concerns, such as immune support, energy boost, beauty enhancement, and joint health. This trend has widened the consumer base and increased market growth.
• Focus on Natural and Clean Label Products:
With growing consumer demand for natural and clean label products, there is a trend towards gummy supplements made with natural ingredients, free from artificial flavors, colors, and preservatives. Consumers are increasingly seeking transparency and are more inclined to choose products that align with their preferences for clean and natural formulations. This trend has led to the development of organic, non-GMO, and vegan gummy supplements.

Global Gummy Supplement market: Segmental Analysis
Ingredient Type
• Multivitamins
• Minerals
• botanical extracts
• omega-3 fatty acids
• probiotics
• others

Distribution Channel
• Supermarkets and hypermarkets
• online retail
• specialty stores
• pharmacies
• others

End-user
• Children
• Adults
• seniors

Global Gummy Supplement market: Geographical landscape
The gummy supplement market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe have been leading markets for gummy supplements, driven by high consumer awareness of health and wellness, a well-established dietary supplement industry, and a preference for convenient supplement formats. The Asia Pacific region is experiencing significant growth in the gummy supplement market due to increasing disposable incomes, changing dietary preferences, and rising health consciousness among consumers.

Global Gummy Supplement Market- Recent Developments
• In 2023, Centrum made an announcement about its expansion into a new range of scientifically advanced supplements that offer various benefits in a delightful gummy format called 'Benefit Blends' in India. Centrum, a well-known multivitamin brand that is a part of Haleon (formerly known as GlaxoSmithKline Consumer Healthcare), entered the Indian market in September of the previous year. One of the new offerings, 'Centrum Sleep & Refresh' gummies, are designed to improve sleep quality. Another variant, 'Centrum Digestive Balance' gummies, contain probiotic and prebiotic ingredients that promote digestion and maintain gut health. Lastly, 'Centrum Immune Defence' gummies are formulated with clinically proven Well-mune Beta-glucan, Vitamin C, and Zinc, which work together with the body's defenses to support immune function.

Global Gummy Supplement Market: Key Companies
• Church & Dwight Co., Inc.
• Bayer AG
• Nature's Bounty Co.
• Olly Public Benefit Corporation
• Hero Nutritionals, LLC
• SmartyPants Vitamins
• Pharmavite LLC
• The Honest Company
• Vitafusion (Church & Dwight Co., Inc.)
• Nordic Naturals, Inc.
• Others

Global Gummy Supplement Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

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