Global Plant-Based Gummy Supplements Market, By Ingredient (Vitamins, Botanicals, Minerals, Proteins and Amino Acids, Fibers and Specialty Carbohydrates, Omega Fatty Acids, Others), Application (Energy and Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others), End User (Adults, Geriatric, Pregnant Women, Children, Infants), Distribution Channel (Store-Based, Non Store-Based) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 2029
Market Analysis and Insights Global Plant-Based Gummy Supplements Market
Data Bridge Market Research analyses that the global plant-based gummy supplements market to account USD 3.45 billion by 2029 growing at a CAGR of 8.9% in the forecast period of 2022-2029. Given the growing number of fitness clubs and gyms around the world, as well as consumer health consciousness, manufacturers of sport supplements are focusing on improving their promotional strategies in order to attract a large segment of customers.
Gummy vitamins are chewable vitamins with the texture and flavour of gummy candies and come in a variety of flavours, colours, and shapes. They are one of the most widely used types of vitamins. These vitamins are appealing to both children and adults who dislike taking pills.
Increasing levels of disposable income among people, rapid urbanisation around the world, rising awareness among people about health issues such as obesity, malnutrition, and weak immune systems, surging volume of patients suffering from lifestyle-related disorders, increasing prevalence of geriatric population, and increased focus on quality supplement production to boost demand are some of the major and vital factors that will likely augment the market. On the other hand, rising concerns about the adverse effects of conventional medicines, as well as general scepticism about allopathic medicines and food fads, will further contribute to the growth of the plant based gummy supplements market.
Furthermore, the rising prevalence of lactose intolerance is fuelling the growth of the plant based gummy supplements market. Plant based gummy based supplements are becoming more popular as people become more aware of the importance of health and wellness. Vegan supplement marketing on social media and the innovative marketing techniques of vegan supplement manufacturers are creating an opportunity market for players in the global vegan supplement market. Plant based gummy supplements market supplement manufacturers' strategic sales plans include using online marketing and distribution methods, as well as product promotions at trade shows and other venues, to increase the size of the vegan supplements market.
However, stringent government regulations, as well as the product's high price, will most likely act as market restraints for the growth of gummy dietary supplements during the forecasted timeframe. The biggest and most pressing challenge for the market's growth will be safety, efficacy, and labelling.
This plant-based gummy supplements 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 Plant-based gummy supplements 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 Plant-Based Gummy Supplements Market Scope and Market Size
Gummy dietary supplements market is segmented on the basis of ingredient, application, end user 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 ingredient, the gummy dietary supplements market is segmented into vitamins, botanicals, minerals, proteins and amino acids, fibers and specialty carbohydrates, omega fatty acids, and others.
- Based on application, the gummy dietary supplements market is segmented into energy and weight management, general health, bone and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and others.
- Based on the end user, the gummy dietary supplements market is segmented into adults, geriatric, pregnant women, children, and infants.
- The gummy dietary supplements market is also segmented on the basis of distribution channel. The distribution channel is segmented into store-based, and non-store-based. Store-based has been further segmented into supermarkets and hypermarkets, specialty stores, and others.
Plant-Based Gummy Supplements Market Country Level Analysis
The plant-based gummy supplements market is analyses and market size, volume information is provided by country, ingredient, application, end user and distribution channel as referenced above.
The countries covered in the plant-based gummy supplements 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 accounted for a sizable portion of the global vegan supplement market. Increased medical service costs in North America are driving market growth in this sector. The rising cost of medical services has prompted a shift in consumer behaviour toward incorporating healthy alternatives into daily routines, resulting in significant growth in consumption and demand for vegan supplements and a brighter market outlook. The Asia-Pacific region offers significant expansion potential for operational players due to the presence of countries such as India, China, Australia, New Zealand, and others. The market's growth is being driven primarily by the adoption of a western lifestyle, population growth, and an increase in consumer disposable income.
The country section of the plant-based gummy supplements 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, 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 Plant-Based Gummy Supplements Market Share Analysis
The plant-based gummy supplements 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 Plant-based gummy supplements market.
Some of the major operating in the plant-based gummy supplements market report are Amway; Abbott.; Arkopharma; Bayer AG; Glanbia plc; Pfizer Inc.; ADM; Carlyle Investment Management L.L.C.; Nu Skin Enterprises Inc.; Herbalife International of America, Inc.; Nature's Sunshine Products, Inc.; Bionova; Ayanda; Nutraceutics Corporation; American Health; Stepan Company; DuPont; The Himalaya Drug Company.; Otsuka Pharmaceutical Co., Ltd.; Nestlé S.A.; 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.
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