U.S. markets open in 6 hours 54 minutes
  • S&P Futures

    3,826.25
    +0.75 (+0.02%)
     
  • Dow Futures

    30,936.00
    +3.00 (+0.01%)
     
  • Nasdaq Futures

    11,684.75
    +10.50 (+0.09%)
     
  • Russell 2000 Futures

    1,738.70
    +0.40 (+0.02%)
     
  • Crude Oil

    111.66
    -0.10 (-0.09%)
     
  • Gold

    1,821.30
    +0.10 (+0.01%)
     
  • Silver

    20.78
    -0.02 (-0.10%)
     
  • EUR/USD

    1.0494
    -0.0031 (-0.29%)
     
  • 10-Yr Bond

    3.2060
    0.0000 (0.00%)
     
  • Vix

    28.36
    +1.41 (+5.23%)
     
  • GBP/USD

    1.2179
    -0.0006 (-0.05%)
     
  • USD/JPY

    135.9380
    -0.1900 (-0.14%)
     
  • BTC-USD

    20,166.48
    -682.42 (-3.27%)
     
  • CMC Crypto 200

    436.11
    -13.96 (-3.10%)
     
  • FTSE 100

    7,323.41
    +65.09 (+0.90%)
     
  • Nikkei 225

    26,804.60
    -244.87 (-0.91%)
     

Growth of Gummy Market Estimated at CAGR of 6.1% During Forecast Period, says TMR Study

·5 min read

- Growing demand for vitamin-fortified gummies to prevent vitamin deficiencies that can lead to health conditions spells growth of the gummy market

- Product innovations to address concerns of sugar content of gummy vitamins, and role of manufacturers to package multiple benefits in a single product stirs the gummy market

ALBANY, N.Y., Jan. 27, 2022 /PRNewswire/ -- The gummy market is expected to exceed the valuation of US$ 6.7 Bn by 2031, finds a TMR study. The popularity of gummies among individuals of all age groups is a key factor fueling the gummy market. Rise in disposable income and development of the health & wellness segment in developing economies have led to a spurt in the demand for gummies.

TMR Logo
TMR Logo

Product innovations that are aimed at children such as gummy cola bottles, sour gummy, and jumbo gum drops are creating ample opportunities in the gummy market. Manufacturers are boosting the production of gummies made with natural fruit juice and color derived from natural sources to serve changing preferences of new-age consumers. Manufacturers are increasing the availability of products certified by the United States Department of Agriculture (USDA) to gain competitive advantage.

North America is anticipated to hold a leading share of the gummy market in the upcoming years. Manufacturers in the gummy market of the region are aggressively engaging in R&D with the rising awareness for market-tested products. Manufacturers also obtain insights for most searched gummy supplements on Internet search engines to serve vast sales of nutritional supplements via eCommerce.

Alternative approach of startups in the North America gummy market is promising for the growth of the market in the region. Startups in the region are aiming at serving minimum viable product (MVP) customers with nutraceutical ingredients in products. The launch of products that are FDA and FTC compliant is helping manufacturers in the gummy market of the region to boost their credibility credentials.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=83171

Gummy Market – Key Findings of Report

  • Robust sales via online health & wellness shopping apps and eCommerce continues to create opportunities in the gummy market amid the ongoing COVID-19

  • Rising awareness of importance of a strong body and strong mind to fight pandemics has led to changes in dietary preferences. Surge in demand for 100% natural ingredients gummies to boost immunity and strengthen overall constitution of the body pertaining to strengthening hair, muscle strength, and fragile nails triggers the demand for gummies.

  • Concerns of high sugar content and rise in preference for fruit-based flavors are leading to innovations in the gummy market

  • High prevalence of vitamin deficiency is driving the interest of manufacturers in the gummy market to capitalize in this space. Manufacturers are engaging in R&D for the production of real fruit flavored gummy candies that are fortified with vitamin D3 and B12.

  • Concerns of low or excess vitamin content in gummy vitamins as compared to conventional vitamins are resulting in companies to increase R&D to improve gummy formulations.

  • Convenient to use and precise labeling of vitamins boost demand for gummy vitamins for children in comparison with pill vitamin supplements.

Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=83171

Gummy Market – Growth Drivers

  • Excessive rise in demand for dietary supplements, especially among baby boomers to prevent health conditions such as osteoporosis and chronic diseases spells growth of the gummy market

  • Product innovations to use natural ingredients to be suitable for children and serve the demand of new-age consumers to stimulate growth

Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83171

Gummy Market – Key Players

Some of the key players operating in the gummy market are;

  • Church & Dwight Co. Inc.

  • Schwabe Group

  • Herbaland Naturals LLC

  • Unilever

  • Zanon USA

  • Hero Nutritionals

  • Otsuka Pharmaceuticals Co. Ltd.

  • Bayer AG

  • Pfizer Inc.

  • Rainbow Light

  • DSM

  • Nestle S.A.

  • IM Healthcare

  • Solistaa Pharmaceuticals Pvt. Ltd.

  • Vitabiotics

  • Lactonova

  • Chubears

  • Baidyanath Group

  • Piping Rock Health Products LLC

  • Lexicare Pharma Private Limited

The gummy market is segmented as follows;

Gummy Market by Source

  • Plant-based

  • Animal-based

Gummy Market by End User

  • Children

  • Zillenials

  • Millenials

  • Adults

Gummy Market by Flavor

  • Citrus

  • Berries

  • Tropical Fruit

  • Other Flavors

Gummy Market by Functionality

  • VDS

  • Healthy Weight

  • Sports Nutrition

  • Brain Health

  • Immunity

  • Better Sleep

Gummy Market by Sales Channel

  • Hypermarkets/Supermarkets

  • Departmental Stores

  • Convenience Stores

  • Drug & Specialty Stores

  • Online Retail

  • Other Retail Formats

Gummy Market by Region

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia

  • Oceania

  • Middle East & Africa

Buy an Exclusive Research Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=83171&ltype=S

Food & Beverages Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research's award-winning coverage of the global Food & Beverages Market:

Xylitol Gummy Bears Market - https://www.transparencymarketresearch.com/xylitol-gummy-bears-market.html

Aerated Gummies Market - https://www.transparencymarketresearch.com/aerated-gummies-market.html

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Press Release Source: https://www.transparencymarketresearch.com/pressrelease/gummy-market.htm

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/growth-of-gummy-market-estimated-at-cagr-of-6-1-during-forecast-period-says-tmr-study-301468825.html

SOURCE Transparency Market Research