Vitamin Gummies- Market Outlook
Gummies are soft jelly-like candies. Vitamins are the vital supplements for the body but due to its taste and texture, most of the kids avoiding it. Vitamin gummies are a soft candy that can easily chewable. The pharmaceutical companies and researchers develop vitamin gummies mainly for the kids. Most of the kids not consuming tablets and pills due to their taste and texture. These days, vitamin gummies is highly consumed by adults as it alleviates the pill burden and provides adequate nutrient, in comparison to the tablets or pills. Vitamins gummies are easily consumable due to its taste and texture. Vitamins gummies have also some advantages as it easily dissolves in the body, delicious and highly in nutrients. Vitamins Gummies are also available in different flavors in the market, which highly attracts kids. Vitamins gummies prevent extra chemical composition, which use to make for tablets. A Vitamin tablet contains 27 chemicals in while vitamin gummies contain only 13. Therefore, the extra chemical used for pill or tablet coating is not required for Vitamin gummies.
Higher consumption of multivitamin increase the demand for Vitamin gummies demand in the global market.
Vitamin gummies are easily acceptable in the market due to its delicious and available in different flavors in comparison to tablets. As per the CRN consumer survey, the intake of a multivitamin by women is higher than of men. The U.S consumes higher supplements in comparison to other countries. Lack of nutrition and changes in lifestyle has improved the demand for Vitamin gummies in the global market. Vitamins gummies are made of starch, gelatin, and corn- starch. Vitamins gummies are highly demanded in the market due to the low price in comparison to traditional vitamin tablets. Vitamin gummies growth also depends on the various external factors such as a change in consumer preference over the tablet, awareness of healthcare among the consumer, and availability of different flavors in the market. According to the American osteopathic association 86% of Americans take vitamins or supplements and only 21% has a confirm nutritional deficiency. The consumer is having high taste expectations due to which pharmaceutical and supplements industries produced the new flavor of vitamin gummies in the market.
Global Vitamin gummies Market – Segmentation
On the basis of type global Vitamin gummies has segmented as
On the basis of Demographics global Vitamin gummies market has segmented as
On the basis of sales channel global Vitamin gummies market has segmented as
On the basis of region, global Vitamin gummies market has segmented as
Global Vitamin gummies market – key players
Some of the key players of Vitamin gummies market are Boli LLC, Bayer AG, Softigel, Gemini Pharmaceuticals Inc., Santa Cruz Nutritionals Inc., Nutra Solutions USA, ABH Labs, LLC, Zanon Vitamec, Pfizer Incorporation, Pharmavite LLC and other companies.
Opportunity for new participant in Global Vitamin gummies Market
Vitamins are essential micronutrients for the human body. Rising the incidence of swolling tablets and awareness of the healthcare of kids and higher consumption of supplements increased the demand for Vitamin gummies in the global market. The key manufacturer has invested in their R&D to develop new vegan sugar-free supplements in the market that increase the demand in the vitamin gummies in worldwide. The U.S and Europe contribute the largest share in vitamin gummies. The Asia Pacific region is next is cue especially India and China. Vitamins gummies products are highly demanded in the market due to its taste and available in different flavors in comparison to traditional vitamin pills and tablets. Africa region is the new emerging market due to supported by the government and other health organizations.
COVID-19 impact on Global Vitamin Gummies market
The spread of COVID-19 is the major restrain for the global economy. Due to this pandemic most of the industry facing the challenge. The vitamin gummies market has moderately affected by this virus. Lack of transportation, partially closing of international ports, and supply-demand crunch are the major concern in the market. Thus, the vitamin gummies market would be expected to witness a moderate impact due to COVID-19 disease.