Global Gummy Vitamins Market is Estimated to Reach $4.5 Billion by 2025
Global gummy vitamins market 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, 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, 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. 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 includ