The North America Gummy Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027).
Gummy is a gel-like candy enriched with vitamins and is available in a wide range of colors, flavors, and shapes. These gummies are made by using gelatin, corn starch, water, sugar, and added colorings. There are many flavors available in the market including orange, lemon, raspberry, and cheery. These vitamin supplements are becoming widely popular across the globe. In addition, gummies boost health and can help in balancing a poor diet. Moreover, gummy vitamins are chewable and are extremely popular among consumers who face difficulties in swallowing pills.
The increasing population of health-conscious consumers who are demanding easily consumable forms of supplements is supporting the growth of the gummy market. With the rapidly changes in social and technological aspect, consumers have adopted unhealthy and hectic lifestyles that led to the high prevalence of heart problems and cardiovascular diseases (CVDs). The growing awareness among consumers about living a healthy and long life is creating more demand for preventive health measures. The US is among the top countries in the high consumption of gummies globally.
The high adoption of healthy food products and dietary supplements is one of the core reasons augmenting the demand for gummies infused with nutrients. Consumers in this region, especially in the developed region like the US and Canada, are more aware of maintaining a healthy lifestyle and healthy food habits, which is motivating them to consume food products that offer more health values. Thus, it will create more opportunities for the gummy manufacturers in the region.
Moreover, the increasing prevalence of various diseases caused by the deficiency of different nutrients is also contributing to the surging demand for gummy vitamins in the regional market. The geriatric population in this region is increasing, which is opening new growth prospects for the manufacturers as older people need dietary supplements but faces problems in swallowing pills and capsules. In this case, gummies have proven to be the best alternative available as they are chewable and soft.
The USA market dominated the North America Online Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,342.6 million by 2027. The Canada market is experiencing a CAGR of 13.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 15.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Gummy Market is Estimated 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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