Global Gummy Vitamins Market is Estimated to Reach $4.5 Billion by 2025
Global report published by Accurize Market Research forecast that the global market is expected to reach $4.5 billion by 2025; growing at a CAGR of 5.3% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rising consumer demand for gummy vitamins due to diversity in taste and shape to drive the growth of the market
Increasing awareness promotions concerning preventive care, rising consumer demand for gummy vitamins due to diversity in taste and shape, and surging occurrences of undernourished and malnutrition children in underdeveloped economies fuels the demand for the global gummy vitamins market. Moreover, the arrival of innovative gummy vitamins products based on organic formulations by prominent players also boosts the growth of the market.
The global gummy vitamins market has been bifurcated on the basis of product type, application, industry vertical, and geography. The product type segment includes single and multi-vitamin. By application, the segment is bifurcated into vitamin deficiency, weight gain, immunity, and other applications. Furthermore, the industry vertical segment includes pharmaceutical, chemical, food, and other industry verticals.
By geography, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico whereas Europe consists of the UK, Germany, France, Italy, Russia, Spain, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
“Multi-Vitamin accounted for the largest market share in the product type segment", says Accurize
Author Signature :
Writer, Researcher, Digital marketer, Working in a market research firm