An Incisive, In-depth Analysis on the Vitamin Gummies Market
This study offers a comprehensive, 360 degree analysis on the Vitamin Gummies market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Vitamin Gummies market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Vitamin Gummies Sales Get a Boost with Product and Material Innovations
Vitamin gummies are chewable vitamin products that are designed to taste and feel similar to a gummy candy. These products can either include a large range of vitamins, or only select nutrients. Vitamin gummies are available in a range of shapes, flavors, and colors, making them a very popular option of vitamin supplements.
The global vitamin gummies market is projected to grow at a healthy CAGR of more than 5% in the forecast period between 2019 and 2029. The growth can be attributed to product innovations such as the development of vitamin gummies based in hemp, vitamin gummies for pets and sugar free vitamin gummies, which have positively influenced the product lifecycle also has opened up new streams of revenue. Further, alternative sweeteners such as honey are accounting for a large portion of the vitamin gummies market.
Probiotic Vitamin Gummies to Gain Traction in Fragmented Market
The vitamin gummies market is largely fragmented. Major players in the industry include nutraceutical names such as BAYER AG, Pharmavite, Smarty Pants Vitamins, Wellnext Health, Church & Dwight Co. Inc., and Life Science Nutritionals among others.
Major manufacturers are pushing to enter into strategic collaborations with prominent health and fitness entities with the aim of bolstering market presence and product portfolios. A major trend among manufacturers in recent times is the higher production of probiotic vitamin gummies, which is expected to grow at a healthy CAGR of more than 6 %.
The rising popularity of probiotic ingredients can be accounted for by the rise of lifestyle based ailments such as obesity and diabetes, and higher consumer awareness about options available in preventive medicine.
Product Innovations are Key to Driving Consumer Interest in Vitamin Gummies
A wide range of end use applications for vitamin gummies will account for numerous opportunities in bolstering revenues in the market. Some of the key changes in the industry include the transition from sugar and gelatin based vitamin gummies, towards sugar free and vegan options are generating profits in the industry.
Manufacturers have also come up with unique starch free molds, in a bid for higher efficiency in production processes, by minimizing the time required for to clean the molds after each production cycle. Vitamin gummies are also now available for specialized end uses including hair care, and pet consumption. Furthermore, manufacturers have made them available in bottle jars, stand-up pouches, and other easy-to-use packages to offer better convenience to consumers.
North America to Dominate Vitamin Gummies Market
Vitamin gummies are primarily popular in developed nations in North America and Europe. However, these products are still in a nascent stage when it comes to developing regions. North America is expected to keep hold of the largest market share accounting for nearly 29 % of the overall vitamin gummies market value.
The Asia Pacific excluding Japan region, and Middle East and Africa regions on the other hand are displaying the most potential for growth with impressive CAGRs of 7.5 and 6.9% respectively. This growth can be largely attributed to an increased rate of consumption in fast food, vitamin deficiencies, and government support towards meeting nutritional deficits, which are driving up multivitamin consumption.
FREQUENTLY ASKED QUESTIONS ABOUT Vitamin Gummies market
What drives the Vitamin Gummies market?
Development of hemp based and sugar free vitamin gummies drives the vitamin gummies market. Versatility of vitamins, shapes, flavors, and colors garner increasing consumer traction. Innovation of vitamin gummies for pets is opening new avenues for future growth potential in global vitamin gummies landscape.
Who are the major players in Vitamin Gummies Market?
Major players in the industry include nutraceutical names such as:
- BAYER AG
- Smarty Pants Vitamins
- Wellnext Health
- Church & Dwight Co. Inc.
- Life Science Nutritionals
- Taura Natural Ingredients Ltd.
- Viva 5 Corporation
- Olly Public Benefit Corporation
Strategic collaborations with leading health and fitness companies is a trending strategy in this fragmented vitamin gummies market. Manufacturers aim to bolster global presence and enhance product portfolio by innovating new products and existing production processes.
Which regions will lead global sales of Vitamin Gummies?
North America is leading global sales of vitamin gummies. A direct result of consumer awareness and presence of vitamin gummy pioneers locally. Asia Pacific excluding Japan and MEA are emerging markets that offer enticing growth opportunities for vitamin gummy manufacturers worldwide.
Which product type offers most lucrative growth opportunities?
Probiotic gummies offer the most lucrative growth opportunities owing to their ability to encapsulate larger consumer segments. The cohesive nature of probiotic vitamin gummies with the human body help this product type gain increasing consumer traction throughout the forecast period.
What are latest innovations in the vitamin gummies market?
Manufacturers of vitamin gummies are continuously releasing innovative products to attract niche segments of the market. Here are a few of the latest developments in vitamin gummies market:
- April 2019, Taura Natural Ingredients Ltd. And Viva 5 Corporation launched fruit based vitamin gummies to supplement the nutrition needs of picky eaters.
- May 2019. Olly Public Benefit Corporation was acquired by the F&B giant Unilever to enhance the latter’s portfolio of vitamin gummies and other health supplements.
- GSK Consumer Healthcare was formed in 2019 by Pfizer Inc. and GlaxoSmithKline plc. to serve multivitamin supplement consumers worldwide.
Vitamin Gummies Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the vitamin gummies market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the vitamin gummies market, the growth prospects of the market are obtained with maximum precision.
The global vitamin gummies market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Chapter 01 - Executive Summary
The executive summary of the vitamin gummies market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global V vitamin gummies market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the vitamin gummies market in this chapter, which will help them understand basic information about the vitamin gummies market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the vitamin gummies market report.
Chapter 03 – Market Background
The associated industry assessment of the vitamin gummies market is carried out in this section. The macroeconomic factors affecting growth of the Vitamin Gummies market are provided in this section and the impact of these macroeconomic indicators on the vitamin gummies market is analyzed. The processing overview and technological advancements in the vitamin gummies market is also provided.
Chapter 04 - Global Vitamin Gummies Market Value Chain
Profit margins at each level of the vitamin gummies market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the vitamin gummies market.
Chapter 05 – Market Dynamics
The drivers and restraints impacting the growth of the vitamin gummies market are explained in this chapter. Opportunities and ongoing trends in the vitamin gummies market are also comprehensively discussed.
Chapter 06 – Global Vitamin Gummies Market Analysis and Forecast 2014-2029
This chapter includes detailed analysis of the historical vitamin gummies market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2019-2029).
Chapter 07 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Product Type
Based on product type, the vitamin gummies market is segmented into single vitamin gummy, multivitamin gummy and probiotic vitamin gummy. The single gummy is further divided into biotin, omega & DHA, vitamin c, CoQ10, Vitamin D, Melatonin and High Fibre formulas. The probiotic vitamin gummy is further divided into bacillus coagulans, lactobacillus, bacillus subtilis and others (yeast etc.). In this chapter, readers can find information about key trends and developments in the Vitamin Gummies market and market attractiveness analysis based on product type.
Chapter 08 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Customer Orientation
Based on customer orientation, the vitamin gummies market is segmented into children, adult, men, and women. This section also offers market attractiveness analysis based on customer orientation.
Chapter 09 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Source
Based on source, the vitamin gummies market is segmented into animal based and plant based. This section also offers market attractiveness analysis based on source.
Chapter 10 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Packaging Type
Based on packaging type, the vitamin gummies market is segmented into bottles & jars, stand-up pouches, and other packaging type. In this chapter, readers can find information about key trends and developments in the vitamin gummies market and market attractiveness analysis based on packaging type.
Chapter 11 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Sales Channel
Based on sales channel, the vitamin gummies market is segmented into direct sales, modern trade, convenience stores, departmental store, specialty store, drug store/pharmacies, online retailers, and other sales channels. In this chapter, readers can find information about key trends and developments in the Vitamin Gummies market and market attractiveness analysis based on sales channel.
Chapter 12 – Global Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029 by Region
This chapter explains how the vitamin gummies market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, CIS & Russia, Japan Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa.
Chapter 13 – North America Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
This chapter includes a detailed analysis of the growth of the vitamin gummies market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Chapter 14 – Latin America Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the vitamin gummies market in the Latin America region. This chapter also includes growth prospects of the Vitamin Gummies market in leading LATAM countries such as Brazil, Mexico, Argentina, Chile, Peru and the Rest of Latin America.
Chapter 15 –Europe Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the vitamin gummies market based on its end users in several countries such as EU-4 (Germany, France, Italy, and Spain), UK, BENELUX, Nordic, Eastern Europe and the Rest of Europe are included in this chapter.
Chapter 16 – CIS & Russia Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the vitamin gummies market based on its end users in CIS & Russia are included in this chapter.
Chapter 17 – Japan Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the vitamin gummies market based on its end users in Japan are included in this chapter.
Chapter 18 – Asia Pacific Excluding Japan Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
Important growth prospects of the vitamin gummies market based on its end users in several countries such as India, China, South Korea, ASEAN and rest of APEJ are included in this chapter.
Chapter 19 – Middle East and Africa Vitamin Gummies Market Analysis 2014-2018 & Forecast 2019-2029
This chapter offers insights into how the vitamin gummies market is expected to grow in major countries in the MEA region such as GCC Countries, Israel, Turkey, Iran, South Africa and the Rest of MEA, during the forecast period 2019-2029.
Chapter 20 – Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Vitamin Gummies market along with their market presence analysis by region and product portfolio.
Chapter 21 – Competition Deep-Dive
In this chapter, readers can find a comprehensive list of leading manufacturers in the Vitamin Gummies market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BAYER AG, The Honest Company, Inc., Smarty Pants Vitamins, Church & Dwight Co. Inc., Hero Nutritionals, Herbaland Naturals Inc., Life Science Nutritionals, Zanon Vitamec, Boscogen, Inc., Nature's Products, Inc., MDC Pharmaceutical Pvt Ltd., Wellnext Health, ABH nature's products, Olly Public Benefit Corporation, Pharmavite, and many other
Chapter 22 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Vitamin Gummies report.
Chapter 23 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Vitamin Gummies market.
Sources and Primary Research Splits (%)
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- American Dairy Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites