Global Multivitamin Gummies Market Size Study & Forecast, by Source (Gelatin, Plant-based Gelatin Substitute), by End User (Adults, Geriatric, Pregnant Women, Children), by Application (General Health, Bone & Joint Health, Immunity, Cardiac Health, Others), by Sales Channel (OTC, Prescribed), by Distribution Channel (Offline, Online) and Regional Analysis, 2023-2030
Global Multivitamin Gummies Market is valued at approximately USD 5.15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.2% over the forecast period 2023-2030. Multivitamin Gummies are chewable vitamin supplements that are colorful and flavorful and contain various vitamins and multivitamins, made with gelatin, sugar, corn starch and added colorings. As people become more aware of the importance of maintaining a healthy lifestyle, the demand for nutritional supplements has increased. However, the high cost of these products could limit market growth. These gummies contain Vitamin C, A, D, E, K, B6, thiamine, Vitamin B12, and folic acid.
The dietary supplement industry has experienced significant growth in recent years due to factors such as rising disposable income, changing lifestyles, and a desire for preventive healthcare. Additionally, NGOs and government agencies have provided favorable support, further driving the market growth. In June 2022, the U.S. Food & Drug Administration (FDA) launched the ""Supplement Your Knowledge"" initiative to educate consumers, healthcare professionals, and educators on the benefits of dietary supplements. Also, to meet the ever-changing consumer demands, market players are constantly introducing innovative products, such as new flavors, organic and natural ingredient options, vegan formulations, and specialized gummy vitamins targeting specific health needs such as immunity support, bone health, or prenatal care. For example, Vitafusion, a Church & Dwight Co. Inc. brand, offers Vitafusion multi +immune support and Vitafusion multi + beauty adult multivitamin gummy, which addresses immunity of health, skin and hair health. However, regulatory compliance poses challenges for manufacturers, as adhering to regulations and obtaining necessary approvals can be time-consuming and costly, hindering market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Multivitamin Gummies Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, the North American market for gummy products was dominant due to the presence of numerous players in the market. Manufacturers in this region are utilizing new technologies for production and innovative packaging to attract consumers. Furthermore, they are collaborating with online retailers such as Amazon to offer direct delivery to end-users. Asia Pacific is expected to experience significant growth over the forecast period. The rapid urbanization and changing lifestyles have led to a surge in chronic disease prevalence, which has played a critical role in driving market growth. The availability of cost-effective raw materials and the increasing demand for natural products have further contributed to the market's expansion.
Major market player included in this report are:
Nestle SA
GNC Holdings, LLC
SmartyPants Vitamins, Inc.
Pharmavite LLC
Garden of Life
OLLY Public Benefit Corporation
Vitafusion (Church & Dwight Co., Inc.)
Halcon Group
Nature’s Way Brands, LLC
MRO MARYRUTH, LLC
Recent Developments in the Market:
In November 2021, JediVite released their adult multivitamin gummies, which contain vitamin B, vitamin K, and zinc. It absorbs quickly into the body and is also suitable for people of all ages, and diet groups, which sets it different from their other competitor’s products. Allowing a competitive advantage to the company.
In May 2023, SmartyPants Vitamins announced the launch of gelatin-free gummies for women, toddlers, and prenatal and postnatal use. These gummies are fortified with vitamins D3, K1, and B12 and are certified by a clean-label project. Allowing the company to enhance their product portfolio.
In March 2023, Gelita introduced their fast-setting gelatin Confixx, which is starch-free and simplifies the production process for manufacturers. This helps the company to get quick quality check, and provide premium texture, which is different from other market players. The company focuses on providing different and unique products to its customer base.
Global Multivitamin Gummies Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Source, End User, Application, Sales Channel, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Gelatin
Plant-based Gelatin Substitute
By End User:
Adults
Geriatric
Pregnant Women
Children
By Application:
General Health
Bone & Joint Health
Immunity
Cardiac Health
Diabetes
Skin/Hair/Nails
Prenatal Health
Others
By Sales Channel:
OTC
Prescribed
By Sales Channel:
Offline
Online
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
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Nestle SA
GNC Holdings, LLC
SmartyPants Vitamins, Inc.
Pharmavite LLC
Garden of Life
OLLY Public Benefit Corporation
Vitafusion (Church & Dwight Co., Inc.)
Halcon Group
Nature’s Way Brands, LLC
MRO MARYRUTH, LLC
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.