The Asia Pacific Gummy Market would witness market growth of 14% CAGR during the forecast period (2021-2027).
Gummy vitamins are vitamin-infused chewable candies with different flavors, tastes, shapes, colors, and sizes just like gummy candies. But these gummy vitamins are infused with vitamins to provide numerous health advantages to end consumers. In recent years, gummy vitamins have gained more attention in the global market. In the beginning, it was introduced to grow the consumer base in the kids’ segment. Though, consumers from older age and adult group have showcased more interest in the consumption of gummy vitamins that has resulted in the surging consumption of gummies across the globe.
The properties of gummy vitamins like great flavor, taste, and ease of consumption coupled with the additional health benefits are among the major factors augmenting the demand for gummies in the market. In the beginning, companies provided a limited number of colors, flavors, shapes, and sizes in gummies. But, as the consumption and awareness about gummies have increased, the demand for gummy vitamins has also surged. Many manufacturers are aiming on making a variety of gummy vitamins with different flavors like orange, lime, strawberry, cherry, and other mainstream flavors.
The increasing disposable income of consumers across emerging nations like India, Japan, and China is one of the major determinants supporting the regional growth of the gummy market. In addition, the rising awareness among the consumers regarding the maintenance of a healthy lifestyle and food habits is estimated to support the growth of the regional gummy market in the coming years.
Moreover, the increasing prevalence of several nutrition deficit diseases is motivating customers to highly adopt dietary supplements to balance their poor diet and deficiency. There are many companies that are introducing different flavors and fusion gummies for attracting the kids’ segment of the regional market over the forecast period. In addition, the younger population is increasingly shifting to healthy food substitutes and is more conscious to build a good-looking body that is free from illness.
The China market dominated the Asia Pacific Minerals Market by Country in 2020, thereby, achieving a market value of $330.7 million by 2027. The Japan market is showcasing a CAGR of 12.7% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 16.2% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Adults and Kids. Based on Application, the market is segmented into Vitamins, Omega Fatty Acids, Minerals, Proteins and other Applications. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Gummy Market is Projected to reach USD 37.1 Billion by 2027, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Church and Dwight Co., Inc., The Clorox Company, Nestle S.A., Bayer AG, Hero Nutritionals, Inc., BOSCOGEN, Inc., Lactonova Nutripharm Pvt Ltd., NutraStar Manufacturing Ltd., Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG), and Prime Health Ltd.
By Distribution Channel
By End User
By Applications
By Country
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