Infinium Global Research has added a new report on Gummy Vitamin Market. The report covers the analysis of global as well as regional markets of gummy vitamin. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.According to the report, the global gummy vitamin market is projected to grow at a CAGR of 5.3% over the forecast period of 2019-2025.
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Gummy vitamins are vitamin supplements that are used to compensate for a poor diet. They are easy to consume and flavorsome. Children, as well as adults, consume gummy vitamins. These vitamins are widely used by people having dietary restrictions and cannot get enough nutrients from their diet. Gummy vitamins are used for multipurpose such as vitamin deficiency, weight gain and for improving immunity.
Rising Number of People with Malnutrition and Under Deficiency Contributes to the Growth of the Gummy Vitamin Market
The rising number of people with malnutrition and under deficiency contributes to the growth of the gummy vitamin market. In 2018, worldwide 21.9% of children under age 5 had stunted growth. The deficiency of vitamins is due to dietary food and changing lifestyle. In addition, the innovations in gummy vitamins, increasing awareness about the consumption of gummy vitamins and high demand for organic formulated gummy vitamins drive the growth gummy vitamin market.
Furthermore, attractive shapes and sizes of gummy vitamins interest children leading to increased demand for the gummy vitamin market among children. On the other hand, gummy vitamins are high in sugar content and the shifting trend towards no-sugar products hamper the growth of the gummy vitamin market. Moreover, the research and development in gummy vitamins create numerous opportunities for gummy vitamin manufacturers.
North America Dominates the Global Gummy Vitamin Market
Among the geographies, North America dominates the global gummy vitamin market. The growing concern about a healthy lifestyle in the United States contributes to the growth of the gummy vitamins market in the North America region. Asia-Pacific region is expected to grow in the gummy vitamin market. India is the topmost country having the largest number of malnourished children. The increasing cases of malnutrition in India and China stimulate the growth of the gummy vitamin market.
Gummy Vitamin Market: Segmentation
The report on global gummy vitamin market covers segments such as product type, application, and end user. On the basis of product type, the sub-markets include single vitamin, and multivitamin. On the basis of application, the sub-markets include vitamin deficiency, weight gain, immunity, and other applications. On the basis of end user, the sub-markets include children, and adults.
Gummy Vitamin Market: Competitive Landscape
The report provides profiles of the companies in the market such as Boli LLC, Bayer AG, Softigel, Gemini Pharmaceuticals Inc., Santa Cruz Nutritionals Inc., Nutra Solutions USA, ABH Labs, LLC, ZanonVitamec, Pfizer, Inc., Pharmavite LLC, and Other companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Gummy Vitamin.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.