Global Adult Vitamin Gummies By Type (Single Vitamins, Multi-Vitamins, Type III and Others), Application (Food Supplements, Vitamin Deficiency, Weight Management, Immunity and Others), Distribution Channel (Direct Sales, Modern Trade, Convenience Stores, Departmental Stores, Specialty Stores, Drug Stores/Pharmacies, Online Retailers and Other Sales Channels), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the global adult vitamin gummies market will project a CAGR of 9.05% for the forecast period of 2021-2028. Increasing personal disposable income, ever-rising geriatric population, especially in the economies like India and China, and growing demand for food items with high nutritional content are the major factors attributable to the growth of adult vitamin gummies market.
Adult vitamin gummies are consumed by the adults to treat or prevent vitamin deficiency. It is also consumed by women during pregnancy period. The adult vitamin gummies are used to maintain good health and support the building blocks of the body. The adult vitamin gummies are available in a wide range of flavors in the market via both online and offline modes of distribution. The adult vitamin gummies are easily chewable.
Rising personal disposable income and increasing awareness regarding a vegan diet among adults, especially in the developing economies, are the major factors fostering the growth of the adult vitamin gummies market. Changing lifestyle, increasing women working population, and growth and expansion of pharmaceuticals industry are other important factors acting as adult vitamin gummies market growth determinants. Growing popularity of e-commerce platforms, growth and expansion of e-commerce industry, especially in the developing economies, and extensive brand campaigning will further induce growth in the adult vitamin gummies market value.
However, stringent regulations imposed by the government will pose a major challenge to the growth of the adult vitamin gummies market. Also, rising concerns related to the side effects in case of overconsumption such as diarrhoea, constipation, and upset stomach will further derail the adult vitamin gummies market growth rate. The recent coronavirus outbreak has further adversely affected the demand and supply of adult vitamin gummies.
This adult vitamin gummies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the adult vitamin gummies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Adult Vitamin Gummies Market Scope and Market Size
The adult vitamin gummies market is segmented on the basis of type, application, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global adult vitamin gummies market is segmented into single vitamins, multi-vitamins, type III, and others.
- On the basis of application, the global adult vitamin gummies market is segmented into food supplements, vitamin deficiency, weight management, immunity, and others.
- On the basis of distribution channels, the adult vitamin gummies market is segmented into direct sales, modern trade, convenience stores, departmental stores, specialty stores, drug stores/pharmacies, online retailers, and other sales channels.
Adult Vitamin Gummies Market Country Level Analysis
The adult vitamin gummies market is analyses and market size, volume information is provided by country, type, application, and distribution channel as referenced above.
The countries covered in the adult vitamin gummies market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the adult vitamin gummies market and will continue to flourish its trend of dominance during the forecast period. This is attributable to the increasingly paying attention to their individual health and large consumer base. Asia-Pacific will, however register the highest compound annual growth rate (CAGR) for the forecast period owing to the rising urbanization, westernization, growth, and expansion of pharmaceuticals industry, changing lifestyle, ever-rising geriatric population, and increasing personal disposable income.
The country section of the adult vitamin gummies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adult Vitamin Gummies Market Share Analysis
The adult vitamin gummies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the adult vitamin gummies market.
The major players covered in the adult vitamin gummies market report are Sundown Naturals Canada, Nature’s Bounty., PioneerLifeSciences.com, Church & Dwight Co. Inc., RB Health (US) LLC, Bayer AG,, Bettera Brands, Doctor's Best Vitamins., HERBALAND CANADA, Hero Nutritionals, IM Healthcare, LBS Nutrition, LLC., Mr. Gummy Vitamins, Food State., Nature's Way Products, LLC., OLLY Public Benefit Corporation., Pfizer Inc., Perrigo Company plc, Pharmavite, SmartyPants Vitamins, vitafive, LLC and Hello Bello. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.