Nutraceutical gummies sales will rise exponentially in the coming years, as consumers continue exhibiting increasing focus on health and wellness. As per a study by Future Market Insights (FMI), the nutraceutical gummies market will reach a valuation of US$ 24.54 Bn in 2021.
Sales are projected to skyrocket as the demand for healthcare supplements continues rising to fulfil lack of nutrition in regular diet. The increase in the working population and their rising income have become one of the key drivers of the market.
Gummies are likely to dominate the dietary supplements landscape in the coming years. With focus on health and wellness growing in response to the increasingly hectic lifestyle, consumers are likelier to rethink their diet choices.
As per the report, in terms of nutritional class, the demand for gummies rich in vitamin and mineral content is expected to be higher. It is expected to constitute the leading segment based on nutritional class and account for nearly 43.8% of the sales in the market in 2021.
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While developed countries are likely to be at the forefront of this trend, emerging economies will soon catch up. Besides change in lifestyle, higher spending power will make consumers in emerging countries more willing to spend on health supplements.
Nutraceutical Gummies Market by Category
By Nutritional Class
- Vitamin & Minerals
- B Complex
- Vitamin C
- Calcium & Vitamin D
- Milk Minerals
- Iron
- Others
- Dietary Fiber
- Prebiotics & Probiotics
- Polyunsaturated & Fatty Acids
- Antioxidants
- Others
By Functionality
- Digestive Health
- Immunity & Strength
- Cardiovascular Health
- Bone & Muscles Health
- Others
By Age
- Pediatric
- Geriatric
- Adult
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Drugstores
- Supermarkets
- Online Stores
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Key Questions Highlights from Report
- Which Is the Highest Grossing Nutraceutical Gummies Market?
The U.S. currently leads the global market and its valuation is expected to reach US$ 28.5 Bn by 2031.
- Which is the Top-selling Class of Nutraceutical Gummies?
Vitamin & Minerals will remain top-selling nutritional class in the market, accounting for over 38.5% of revenue generated by 2031. This is due to increasing interest in preventive healthcare and attaining wellness through consuming vitamins in diet.
- Which Is the Fastest Growing Distribution Channel in Nutraceutical Gummies Market?
Online stores are estimated to emerge as fastest growing distribution channels for nutraceutical gummies exhibiting a CAGR of 19.9% between 2021 and 2031.
- Which are some of the leading companies offering Nutraceutical Gummies?
Some of the leading companies operating in the market are Bayer AG, Zarbee’s, Inc., Sanofi S.A., Nature’s Bounty Co., Otsuka Holdings Co., Ltd., Smarty Pants Vitamins, and others. According to FMI analysis, over 15% of the market share is currently covered by the top 15 players.