Business News

Gummy Vitamin Market Size to Grow by USD 5.06 Billion | By Distribution Channel and Geography – Global Forecast to 2026 – Press Release

NEW YORK, June 2, 2022 /PRNewswire/ — The Gummy Vitamin Market Share is expected to increase by USD 5.06 billion from 2021 to 2026, with an accelerated CAGR of 12.54%- according to the recent market study by Technavio.

  • One of the key factors driving the global gummy vitamin market growth is the high demand for on-the-go dietary supplement products to prevent possible diseases and improve physical and mental well-being. 
  • One of the key trends of global gummy vitamin market growth is the availability of gummy supplements for children
  • One of the key challenges to the global gummy vitamin market growth is the high cost of production due to the low availability of raw materials for naturally-sourced vitamins.
  • APAC will register the highest growth rate of 38% among the other regions. Therefore, the gummy vitamin market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • The outbreak of the COVID-19 crisis impacted the overall gummy vitamin industry in 2020, as many stores were shut down or reduced their business hours. For instance, Walmart announced that it would modify its store hours in response to the pandemic, while other retailers planned to temporarily close their stores.
  • However, due to factors such as vaccination drives and an increase in online shopping for these products, the market is expected to recover during the forecast period.
  • The gummy vitamin market vendors should focus on grabbing business opportunities from the online segment as it accounted for the largest market share in the base year.

Purchase Our Report: for more additional information about the Gummy Vitamin Market

Scope of the Report

Gummy Vitamin Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.54%

Market growth 2022-2026

$ 5.06 billion

Market structure

Fragmented

YoY growth (%)

11.38

Regional analysis

APAC, North America, South America, Europe, and MEA

Performing market contribution

APAC at 38%

Key consumer countries

US, China, India, Brazil, Australia, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amway Corp., Bayer AG, Church and Dwight Co. Inc., GlaxoSmithKline Plc, Hero Nutritionals Inc., Honest Co. Inc., Nestle SA, Pharmavite LLC, Power Gummies, and Unilever Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Didn’t Find What You Were Looking For? Customize Report-

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

Speak to our Analyst now! to take full advantage of every opportunity using competitive analysis created just for you

Online Distribution Channel Held the Largest Market Share

  • The gummy vitamin market share growth by the online segment will be significant during the forecast period. 
  • The increase in the number of websites offering a wide range of gummy vitamins at low cost than those available offline will drive the market growth through the online distribution channel. 
  • Vendors such as Amway offer their gummy vitamins through their own websites. Vendors are involved in the omnichannel retailing format to expand their visibility among customers, which will also help in increasing their revenue.

Download our sample report to gain further insights on the market contribution of various segments

APAC is Expected to Hold a Significant Share of the Market

  • 38% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for gummy vitamins in APAC.
  • Market growth in this region will be faster than the growth of the market in other regions.
  • The presence of a large consumer base that is increasingly paying attention to their health in countries such as China and India will facilitate the gummy vitamin market growth in APAC over the forecast period. 

Buy Our Report Now! for more key highlights on the regional market share of most of the above-mentioned countries.

Vendor Insights-

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Amway Corp.
  • Bayer AG
  • Church and Dwight Co. Inc.
  • GlaxoSmithKline Plc
  • Hero Nutritionals Inc.
  • Honest Co. Inc.
  • Nestle SA
  • Pharmavite LLC
  • Power Gummies
  • Unilever Group

The gummy vitamin market is fragmented and the vendors are deploying growth strategies such as marketing on social media platforms and new product launches to compete in the market.

Download Sample Report to find additional highlights on the vendors and their product offerings. 

Recent Developments

  • Amway Corp.- The company offers Nutrilite SEIZE THE DAY under nutrition which is a multi vitamin mineral gummy.
  • Bayer AG- The company offers Flintstones vitamin gummies to kids such as FLINTSTONES  gummies plus immunity support and FLINTSTONES active kids gummies.
  • Church and Dwight Co. Inc.- The company offers vitafusion which is raspberry flavored multivitamin with key ingredients like Biotin, vitamin C and vitamin E to support hair, skin and for healthy nails.

Quick Buy to learn more about recent Developments in Gummy Vitamin Market

Here are Some Similar Topics-

Vitamin B3 Market by Type and Geography – Forecast and Analysis 2022-2026: At a progressing CAGR of 5.44%, the Niacin (vitamin B3) market share is expected to reach an estimated value of USD 104.26 million by 2026. The report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. To get more exclusive research insights: Download Sample Report

Thrombosis Drugs Market by Indication and Geography – Forecast and Analysis 2022-2026: The thrombosis drugs market share is expected to increase by USD 16.24 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.67%. To get more exclusive research insights: Download Sample Report

Table of Contents

1. Executive Summary                         

               1.1 Market Overview 

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 08:   Parent market

                              Exhibit 09:  Market Characteristics

               2.2 Value chain analysis           

                              Exhibit 10:  Value chain analysis

                              2.2.1    Input

                              2.2.2    Inbound logistics

                              2.2.3    Primary processing

                              2.2.4    Secondary and tertiary processing

                              2.2.5    Outbound logistics

                              2.2.6    End-customers

                              2.2.7    Marketing and sales

                              2.2.8    Services

                              2.2.9    Innovations

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:   Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 12:   Market segments

               3.3 Market size 2021 

               3.4 Market outlook: Forecast for 2021 – 2026 

                              Exhibit 13:  Global – Market size and forecast 2021 – 2026 ($ million)

                              Exhibit 14:  Global market: Year-over-year growth 2021 – 2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15: Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 16: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20: Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition – Five forces 2021

5. Market Segmentation by Distribution channel                    

               5.1 Market segments

                              The segments covered in this chapter are:

                              Exhibit 22:  Distribution channel – Market share 2021-2026 (%)

               5.2     Comparison by Distribution channel        

                              Exhibit 23:  Comparison by Distribution channel

               5.3     Online – Market size and forecast 2021-2026       

                              Exhibit 24:  Online – Market size and forecast 2021-2026 ($ million)

                              Exhibit 25:  Online – Year-over-year growth 2021-2026 (%)

               5.4     Offline – Market size and forecast 2021-2026       

                              Exhibit 26:  Offline – Market size and forecast 2021-2026 ($ million)

                              Exhibit 27:  Offline – Year-over-year growth 2021-2026 (%)

               5.5     Market opportunity by Distribution channel        

                              Exhibit 28:  Market opportunity by Distribution channel

6. Customer landscape                        

               6.1     Overview            

                              Exhibit 29:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              The regions covered in the report are:

  • APAC
  • North America
  • South America
  • Europe
  • MEA

                              Exhibit 30:  Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 31:  Geographic comparison

               7.3     APAC – Market size and forecast 2021-2026         

                              Exhibit 32:  APAC – Market size and forecast 2021-2026 ($ million)

                              Exhibit 33:  APAC – Year-over-year growth 2021-2026 (%)

               7.4     North America – Market size and forecast 2021-2026       

                              Exhibit 34:  North America – Market size and forecast 2021-2026 ($ million)

                              Exhibit 35:  North America – Year-over-year growth 2021-2026 (%)

               7.5     South America – Market size and forecast 2021-2026       

                              Exhibit 36:  South America – Market size and forecast 2021-2026 ($ million)

                              Exhibit 37:  South America – Year-over-year growth 2021-2026 (%)

               7.6     Europe – Market size and forecast 2021-2026      

                              Exhibit 38:  Europe – Market size and forecast 2021-2026 ($ million)

                              Exhibit 39:  Europe – Year-over-year growth 2021-2026 (%)

               7.7     MEA – Market size and forecast 2021-2026          

                              Exhibit 40:  MEA – Market size and forecast 2021-2026 ($ million)

                              Exhibit 41:  MEA – Year-over-year growth 2021-2026 (%)

               7.8     Key leading countries     

                              Exhibit 42:  Key leading countries

               7.9     Market opportunity by geography           

                              Exhibit 43:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1    High demand for on-the-go dietary supplement products

                              8.1.2    Rising awareness regarding health

                              8.1.3    Rising sales through online channels

               8.2 Market challenges              

                              8.2.1    High cost of production

                              8.2.2    Formulation challenges for inducing vitamin ingredients in gummies

                              8.2.3    Risk and side effects of overconsumption of gummy vitamins

                              Exhibit 44:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    Availability of gummy supplements for children

                              8.3.2    Introduction of organic gummies

                              8.3.3    Developments according to dynamic demands for improved flavors among the consumers

9. Vendor Landscape                            

               9.1     Competitive scenario     

               9.2     Overview            

                              Exhibit 45:  Vendor landscape

               9.3     Landscape disruption     

                              Exhibit 46:  Landscape disruption

                              Exhibit 47:  Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 48:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 49:  Market positioning of vendors

               10.3   Amway Corp.    

                              Exhibit 50:  Amway Corp. – Overview

                              Exhibit 51:  Amway Corp. – Product and service

                              Exhibit 52:  Amway Corp. – Key offerings

               10.4   Bayer AG            

                              Exhibit 53:  Bayer AG – Overview

                              Exhibit 54:  Bayer AG – Business segments

                              Exhibit 55:  Bayer AG – Key offerings

                              Exhibit 56:  Bayer AG – Segment focus

               10.5   Church and Dwight Co. Inc.         

                              Exhibit 57:  Church and Dwight Co. Inc. – Overview

                              Exhibit 58:  Church and Dwight Co. Inc. – Business segments

                              Exhibit 59:  Church and Dwight Co. Inc. – Key offerings

                              Exhibit 60:  Church and Dwight Co. Inc. – Segment focus

               10.6   GlaxoSmithKline Plc       

                              Exhibit 61:  GlaxoSmithKline Plc – Overview

                              Exhibit 62:  GlaxoSmithKline Plc – Business segments

                              Exhibit 63:  GlaxoSmithKline Plc – Key offerings

                              Exhibit 64:  GlaxoSmithKline Plc – Segment focus

               10.7   Hero Nutritionals Inc.    

                              Exhibit 65:  Hero Nutritionals Inc. – Overview

                              Exhibit 66:  Hero Nutritionals Inc. – Product and service

                              Exhibit 67:  Hero Nutritionals Inc. – Key offerings

               10.8   Honest Co. Inc.

                              Exhibit 68:  Honest Co. Inc. – Overview

                              Exhibit 69:  Honest Co. Inc. – Product and service

                              Exhibit 70:  Honest Co. Inc. – Key offerings

               10.9   Nestle SA            

                              Exhibit 71:  Nestle SA – Overview

                              Exhibit 72:  Nestle SA – Business segments

                              Exhibit 73:  Nestle SA – Key offerings

                              Exhibit 74:  Nestle SA – Segment focus

               10.10 Pharmavite LLC

                              Exhibit 75:  Pharmavite LLC – Overview

                              Exhibit 76:  Pharmavite LLC – Product and service

                              Exhibit 77:  Pharmavite LLC – Key offerings

               10.11 Power Gummies             

                              Exhibit 78:  Power Gummies – Overview

                              Exhibit 79:  Power Gummies – Product and service

                              Exhibit 80:  Power Gummies – Key offerings

               10.12 Unilever Group

                              Exhibit 81:  Unilever Group – Overview

                              Exhibit 82:  Unilever Group – Business segments

                              Exhibit 83:  Unilever Group – Key offerings

                              Exhibit 84:  Unilever Group – Segment focus

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 ????Market definition

                              11.1.2 Objective

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 85:  Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 86:  Research Methodology

                              Exhibit 87:  Validation techniques employed for market sizing

                              Exhibit 88:  Information sources

               11.4 List of abbreviations        

                              Exhibit 89:  List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/gummy-vitamin-market-size-to-grow-by-usd-5-06-billion–by-distribution-channel-and-geography–global-forecast-to-2026–301559181.html

SOURCE Technavio


Source link

Related Articles

Back to top button