Global Gummy Market Size study, by Application (Vitamins, minerals, omega fatty acids, proteins, others) distribution channel (store based, non-store based) End-use (adult, kids) and Regional Forecasts 2021-2027

Global Gummy Market is valued approximately USD 16.28 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.6 % over the forecast period 2021-2027. The gummy industry is booming due to the increasing global number of health-conscious consumers who want easy-to-consume supplement dose forms. The quick speed of social and technological development has resulted in unhealthy and busy lives, leading to an increase in the prevalence of CVDs and cardiac issues. According to the World Health Organization 2019, CVDs claim the lives of 17.9 million individuals each year. Omega fatty acid gummies are gaining popularity since they help to lower the risk of heart attack and are a healthy alternative for children, pregnant women, and the elderly. The desire to live longer and better lives, as well as the apparent ability to do so, is a major motivator for preventive health practices. In terms of revenue share, the United States leads the market. The widespread availability of alternatives such as soft gels, lozenges, pills, and capsules is expected to limit market growth. Furthermore, gummies have a shorter shelf life than dry supplement powders and tablets, which may limit product sales. Furthermore, gummies contain more sugar than other dietary supplements, resulting in a higher calorie consumption. As a result, health-conscious clients select sugar-free or low-sugar supplements. The growth of the dietary supplement sector in the nation, along with healthier adjustments in daily routines as a result of greater knowledge of preventative healthcare, has resulted in an increase in gummy consumption.


The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Gummy market. North America led the market in 2020, accounting for approximately 38% of total sales. The dietary supplement business has grown significantly in North America over the last decade, owing to the rise of a health-conscious customer base, particularly in industrialized countries such as United States and Canada. From 2021 to 2027, Asia Pacific is expected to be the fastest-growing regional market, since developing economies have seen significant economic transformations in 2017 to 2020. Furthermore, the regional market will benefit from an increase in the use of dietary supplements as a consequence of a growing health-conscious customer base. Product demand is being driven by countries such as India, China, and Indonesia. Consumer spending power is increasing, and diverse brands are becoming more accessible, generating a stronger market situation for industry growth in these nations.
Major market player included in this report are:
Procaps Group
Santa Cruz Nutritionals
Amapharm
Herbaland Canada
Allseps Pty. Ltd.
Vitux AS
Boscogen, Inc.
Bettera Brands, LLC
NutraStar Manufacturing Ltd.
Better Nutritionals
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Vitamins
Minerals
Omega fatty acids
Proteins
Others
By Distribution channel:
Store-based
Non-store-based
By End-use:
Adult
Kids
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Gummy Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors