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Nutraceutical Gummies Market to Reach USD 27,068.5 Million by 2030 by 2030, Growing at a CAGR of 19.1% | Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook
According to a research report "Nutraceutical Gummies Market, by Ingredient Type (Vitamins and Minerals, Herbal Extracts, Omega-3 Fatty Acids, Probiotics and Prebiotics, Antioxidants), Health Benefits (Immune Support, Bone and Joint Health, Cognitive Health, Cardiovascular Health, Digestive Health, Skin and Hair Health, Eye Care, Others), Consumer Demographics (Paediatric, Geriatric, Adult), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Supermarket / Hypermarket, Online Sales (Company Owned Platform, E-Commerce Platform)), Flavour Varieties (Vitamins and Minerals, Herbal Extracts, Omega-3 Fatty Acids, Probiotics and Prebiotics, Antioxidants), Formulation Basis (Gelatine-Based Gummies, Pectin-Based Gummies, Starch-Based Gummies), Packaging Type (Bottled Gummies, Pouch-Packaged Gummies, Single-Serve Sachets), & Region - Global Forecast to 2030.
Nutraceutical Gummies Market Scope:
- Market size value in 2023 - USD 7,711.9 Million
- Market size value in 2030 - USD 27,068.5 Million
- CAGR (2023-2030) - 19.1%
- Forecast Period - 2023-2030
- Historic Data - 2019
- Segments Covered - Ingredient Type, Health Benefits, Consumer Demographics, Distribution Channel, Flavour Varieties, Formulation Basis, Packaging Type & Region
- Geographies Covered - North America, Europe, Asia Pacific, and RoW
- Sample of Companies Covered - Natural Organics, Inc., Nature's Way, NESTLÉ, Nordic Naturals Inc., Pfizer Inc., Softigel by Procaps, The Clorox Company
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Browse in-depth TOC on "Nutraceutical Gummies Market"
- 144 - Tables
- 99 - Figures
- 362 - Pages
Market Overview: The market for nutraceutical gummies has seen remarkable growth, driven by the increasing preference of consumers for convenient and enjoyable supplement formats. Gummies, known for their delicious taste and easy consumption, have become the top choice for individuals looking to meet specific nutritional needs in a pleasant manner. Nutraceutical gummies, a category of dietary supplements in chewable gummy form, are infused with various bioactive compounds, vitamins, minerals, and other nutrients that offer health benefits beyond basic nutrition. These gummies are crafted to provide a flavorful and convenient alternative to traditional capsules, tablets, or powders, catering to a wide consumer base, including both adults and children. The global nutraceutical gummies market is currently witnessing substantial growth, driven by several pivotal factors. There is a global rise in health-conscious consumers, leading to an increased demand for products that contribute to overall well-being. Nutraceutical gummies are in harmony with this trend, providing a tasty and accessible means of incorporating essential nutrients into daily routines. Furthermore, the market is capitalizing on the trend towards preventive healthcare, with consumers actively seeking products supporting preventive health measures. Nutraceutical gummies, tailored for specific health concerns, are gaining traction in this evolving landscape. The appeal of nutraceutical gummies extends across a diverse demographic, addressing the challenges faced by individuals, including children and adults, who struggle with swallowing pills.
Market Dynamics
Drivers:
- Rising popularity of organic consumption and the growing trend towards veganism
- Rising consumer awareness about the importance of nutrition
- Appeal to children and adults with difficulty swallowing
- Increasing focus on preventive healthcare
- Innovation in flavor and functionality
Opportunities:
- Expansion of distribution channels, including e-commerce platforms
- Marketing strategies focused on transparency
North America dominates the market for Nutraceutical Gummies.
The Nutraceutical Gummies market is primarily dominated by North America. The nutraceutical gummies market in North America has witnessed a surge in popularity, reflecting a profound shift in consumer preferences towards accessible and flavorful nutritional supplements. This trend is indicative of a broader movement towards proactive health and wellness practices, with nutraceutical gummies emerging as a favored choice due to their convenience and diverse formulations. The North American market is characterized by a dynamic landscape, shaped by factors such as changing lifestyles, increased health consciousness, and a growing aging population. In the United States, the nutraceutical gummies market has significant growth driven by a culture that prioritizes holistic well-being and preventative healthcare. Consumers in the U.S. are drawn to the appealing taste and versatility of gummy formulations, making them an attractive option for meeting daily nutritional requirements. The demand is further propelled by rising disposable incomes and an evolving perception of supplements as essential components of a proactive healthcare routine. In November 2023, Disposable Personal Income in the United States rose to USD 20,510.3 Million, exhibiting a growth from the previous month's figure of USD 20,438.5 Million. This consistent uptrend in Disposable Personal Income serves as a significant factor driving the Nutraceutical Gummies market. The average Disposable Personal Income from 1959 to 2023 stood at USD 6,198.73 Million. The robust financial health, reflected in rising disposable incomes, contributes to increased consumer spending, particularly in the health and wellness sector, thereby bolstering the Nutraceutical Gummies market.
Top key players covered in the market report:
- Amway (Alticor)
- BASF SE
- Bayer AG
- Church & Dwight Co., Inc.
- Herbaland USA
- Natural Organics, Inc.
- Nature's Way
- NESTLÉ
- Nordic Naturals Inc.
- Pfizer Inc.
- Softigel by Procaps
- The Clorox Company
- Vox Nutrition
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Segmentations Analysis of Nutraceutical Gummies Market: -
- By Ingredient Type
- By Health Benefits
- By Consumer Demographics
- By Distribution Channel
- By Flavour Varieties
- By Formulation Basis
- By Packaging Type
- By Region
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