Gummy Market - Forecast(2024 - 2030)

Report Code: FBR 0593 Report Format: PDF + Excel

Gummy Market Overview:

The Gummy Market is projected to expand significantly, with an estimated size of $ 21.4 billion by 2030. This growth is expected to occur at a compound annual growth rate  CAGR of 11.50% during the forecast period from 2023 to 2030. the gummy market was experiencing robust growth and diversification. Gummy candies have evolved beyond the traditional fruit-flavored variants and expanded into various categories, including vitamins and supplements, CBD-infused products, and functional snacks targeting specific health benefits.

The surge in popularity can be attributed to gummies' appeal to both children and adults, convenient and enjoyable consumption, and potential health benefits associated with some specialized gummy products.

Moreover, vegan and organic gummy options gained traction, catering to the increasing demand for healthier and more sustainable choices. The market witnessed the entry of new players, both large corporations and innovative startups, further driving competition and innovation.

However, keep in mind that the gummy market is likely to have evolved beyond this overview given the passage of time. It is essential to refer to the most recent market reports and trends for up-to-date insights.

Market Snapshot:

Gummy Market - Report Coverage:

The “Gummy Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Microkeratome Market.


AttributeSegment

By  Product Type

         

  • Vitamins

  • Omega Fatty Acids

  • Minerals

  • Proteins

  • Others

By Flavor Type  

  • Citrus

  • Berries

  • Tropical Fruit

  • Other Flavors

By End User

  • Gelatin

  • Plant-Based Gelatin Substitutes

By Functionality

  • VDS

  • Healthy Weight

  • Sports Nutrition

  • Brain Health

  • Immunity

By Distribution Channel

  • Offline

  • Online 

By Geography 

  • North America (U.S., Canada and Mexico)

  •      Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

Rest of the World (Middle East and Africa).


Gummy Market - Top Trends


Functional Gummies: Consumers were increasingly seeking gummies infused with vitamins, minerals, and other health-promoting ingredients. These functional gummies targeted specific health benefits, such as immunity support, beauty enhancement, and better sleep.

CBD-Infused Gummies: With the increasing popularity of CBD products, CBD-infused gummies became a prominent trend. Consumers were drawn to the potential wellness benefits of CBD, such as stress relief and relaxation.

Vegan and Organic Gummies: The demand for healthier and more sustainable options led to the rise of vegan and organic gummies. Manufacturers were reformulating recipes to cater to consumers seeking plant-based and natural ingredients.

Unique Flavors and Combinations: To stand out in the market, gummy manufacturers experimented with novel flavors and combinations, appealing to adventurous taste buds and targeting niche markets.

Packaging Innovation: Eye-catching and environmentally friendly packaging became a key focus, as brands aimed to differentiate their products and align with eco-conscious consumer preferences.

Online Sales and E-Commerce: The growth of e-commerce platforms and online shopping led to an increase in gummy sales through digital channels, providing consumers with easy access to a wide range of products.

 

The Gummy Market - Company Analysis

 

Church and Dwight Co.Inc: This company is known for producing a wide range of consumer products, including dietary supplements. They have a gummy product line that includes various vitamins and supplements aimed at meeting consumers' health and wellness needs.

The Clorox Company: The Clorox Company is primarily associated with household cleaning and consumer goods. They may have a presence in the gummy market through their subsidiary companies or product lines that include vitamins and dietary supplements.

Hero Nutritionals, Inc: Hero Nutritionals is a well-known brand in the gummy supplement market. They specialize in creating gummy vitamins and supplements that appeal to both children and adults, offering a wide range of products catering to different health needs.

BOSCOGEN, Inc.: BOSCOGEN is a manufacturer and distributor of pharmaceuticals and dietary supplements, including gummy products. They might be involved in producing gummy vitamins and supplements for various markets.

Lactonova Nutripharm Pvt Ltd: This company is involved in the development and distribution of dietary supplements, including gummy products. They might offer gummy vitamins and supplements catering to specific health and nutritional needs.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Gummy Market adopt. The top 10 companies in Gummy Market are listed below:

1.      Church and Dwight Co., Inc.

2.      The Clorox Company

3.      Hero Nutritionals, Inc.

4.      BOSCOGEN, Inc.

5.      Lactonova Nutripharm Pvt Ltd.

6.      NutraStar Manufacturing Ltd.

7.      Prime Health Ltd.

8.      Procaps Group

9.      Santa Cruz Nutritionals

10.  Amapharm

Scope of the Report:

Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

11.50%

Market Size in 2030

$ 51.122 Billion

Segments Covered

By Product Type, By Flavor, By Ingredient, By Functionality, Distribution Channel, By End User and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1.      Church and Dwight Co., Inc.

2.      The Clorox Company

3.      Hero Nutritionals, Inc.

4.      BOSCOGEN, Inc.

5.      Lactonova Nutripharm Pvt Ltd.

6.      NutraStar Manufacturing Ltd.

7.      Prime Health Ltd.

8.      Procaps Group

9.      Santa Cruz Nutritionals

10.  Amapharm


For More Food and Beverage Market reports, please click here


1. Gummy Market Overview
    1.1 Definitions and Scope
2. Gummy Market – Executive Summary
3. Gummy Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Gummy Market – Startup Company Scenario 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Gummy Market – Market Entry Scenario Premium  
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Gummy Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Gummy Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Gummy Market – By Product Type (Market Size - $Million/$Billion)
    8.1 Vitamins
        8.1.1. Market Trends by Region 
        8.1.2. Market Share & Forecast by Region
    8.2 Omega Fatty Acids
        8.2.1 Market Trends by Region
        8.2.2 Market Share & Forecast by Region
    8.3. Minerals
        8.3.1 Market Trends by Region
        8.3.2 Market Share & Forecast by Region
    8.4 Proteins
        8.4.1 Market Trends by Region
        8.4.2 Market Share & Forecast by Region
    8.5. Others
        8.5.1 Market Trends by Region
        8.5.2 Market Share & Forecast by Region
9. Gummy Market – By Flavor (Market Size - $Million/$Billion)
    9.1. Citrus
        9.1.1 Market Share & Forecast by Region
        9.1.2 Market Share & Forecast by Region
    9.2 Berries
        9.2.1 Market Trends by Region
        9.2.2 Market Share & Forecast by Region
    9.3 Tropical Fruit
        9.3.1 Market Trends by Region
        9.3.2 Market Share & Forecast by Region
    9.4 Other Flavors
        9.4.1 Market Trends by Region
        9.4.2 Market Share & Forecast by Region
10. Gummy Market – By Ingredient  (Market Size - $Million/$Billion)
    10.1 Gelatin
        10.1.1 Market Trends by Region
        10.1.2 Market Share & Forecast by Region
    10.2 Plant-Based Gelatin Substitutes
        10.2.1 Market Trends by Region
        10.2.2 Market Share & Forecast by Region
11. Gummy Market – By Functionality (Market Size - $Million/$Billion)
    11.1 VDS
        11.1.1 Market Trends by Region
        11.1.2 Market Share & Forecast by Region
    11.2 Healthy Weight
        11.2.1 Market Trends by Region
        11.2.2 Market Share & Forecast by Region
    11.3 Sports Nutrition
        11.3.1 Market Trends by Region
        11.3.2 Market Share & Forecast by Region
    11.4 Brain Health
        11.4.1 Market Trends by Region
        11.4.2 Market Share & Forecast by Region
    11.5 Immunity
        11.5.1 Market Trends by Region
        11.5.2 Market Share & Forecast by Region
12. Gummy Market – By Distribution Channel (Market Size - $Million/$Billion)
    12.1. Offline
        12.1.1 Market Trends by Region
        12.1.2 Market Share & Forecast by Region
    12.2 Online
        12.2.1 Market Trends by Region
        12.2.2 Market Share & Forecast by Region
13. Gummy Market – By End User (Market Size - $Million/$Billion)
    13.1 Adults
        13.1.1 Market Trends by Region
        13.1.2 Market Share & Forecast by Region
    13.2 Kids
        13.2.1 Market Trends by Region
        13.2.2 Market Share & Forecast by Region
14. Gummy Market – by Geography (Market Size - $Million/$Billion)
    14.1 North America
        14.1.1 U.S.
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 Germany
        14.2.2 France
        14.2.3 U.K.
        14.2.4 Italy
        14.2.5 Spain
        14.2.6 Russia
        14.2.7 Rest of Europe
    14.3 Asia-Pacific
        14.3.1 China
        14.3.2 Japan
        14.3.3 South Korea
        14.3.4 India
        14.3.5 Australia & New Zealand
        14.3.6 Rest of Asia-Pacific
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Chile
        14.4.4 Colombia
        14.4.5 Rest of South America
    14.5 Rest of the World
        14.5.1 Middle East
        14.5.2 Africa
15 Gummy Market – Market Entropy
    15.1 New product launches
    15.2 M&A’s, collaborations, JVs and partnerships
16. Gummy Market – Industry Competition Landscape  
    16.1 Market Share Analysis
        16.1.1 Market Share by Technology – Key Companies
        16.1.2 Market Share by Country – Key Companies
        16.1.3 Market Share by Region – Key Companies
    16.2 Competition Matrix
    16.3 Best Practices for Companies
17. Gummy Market – Key Company List by Country Premium  
18. Gummy Market – Company Analysis
    18.1 Church and Dwight Co., Inc.
    18.2 The Clorox Company
    18.3 Hero Nutritionals, Inc.
    18.4 BOSCOGEN, Inc.
    18.5 Lactonova Nutripharm Pvt Ltd.
    18.6 NutraStar Manufacturing Ltd.
    18.7 Prime Health Ltd.
    18.8 Procaps Group
    18.9 Santa Cruz Nutritionals
    18.10 Amapharm
    18.11 Allseps Pty. Ltd
    18.12 Vitux AS
    18.13 Boscogen, Inc
    18.14 Lexicare Pharma Pvt. Ltd
    18.15 Superior Supplement Manufacturing
    18.16 Well Aliments
    18.17 Supplement Factory Ltd.
    18.18 Vitakem Nutraceutical, Inc.

 "Financials would be provided to private companies on best-efforts basis." 

Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.

The Gummy Market is forecast to grow at 11.50% during the forecast period 2023-2030.

The Global Gummy Market size is estimated to be $ 21.4 Billion in 2023 and is projected to reach $51.122 Billion by 2030.

The Top players in the Gummy Market are Church and Dwight Co., Inc.,The Clorox Company, Hero Nutritionals, Inc, BOSCOGEN, Inc, Lactonova Nutripharm Pvt Ltd, NutraStar Manufacturing Ltd, Prime Health Ltd, Procaps Group, Santa Cruz Nutritionals , Amapharm and others.