The global gummy vitamins market is anticipated to grow significantly at a CAGR of 7.2% over the forecast period (2021-2027). The key aspect that drives the growth of the global gummy vitamins market is the global rise in the incidence and prevalence rate of chronic diseases and increasing healthcare costs created significant awareness for the market. Chronic diseases such as heart disease, cancer, diabetes, stroke, and arthritis have been on the rise, in recent times. The increased cases of chronic diseases owing to vitamin deficiencies are likely to prompt the need for various vitamin supplements in the near future and contribute to the market growth over the forecast period.
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Besides, the presence of the key players continuously innovating novel technologies also enhances market growth. Players such as Pfizer Inc., Bayer AG, Chruch & Dwight Co. Inc., Reckitt Benckiser Group Plc, and Amway Corp. among others substantially contribute to the market growth. For instance, in March 2018, Clorox Co. acquired Nutranext. The acquisition is done by the company aided in its revenue regeneration. This acquisition also aided to expand the company’s health and wellness product portfolio with Nutranext dietary supplements and RenewLife digestive health products. Hence, this is likely to promote the adoption of gummy vitamins techniques and in turn, will enhance the growth of the market over the forecast period.
A Full Report of Global Gummy Vitamins Market is Available at: https://www.omrglobal.com/industry-reports/gummy-vitamins-market
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Category and Product Type
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Pfizer Inc., Bayer AG, Church & Dwight Co. Inc., Reckitt Benckiser Group Plc, and Amway Corp. among others
Global Gummy Vitamins Market – Segmentation
By Category
- Prenatal
- Kids
- Adults
By Product Type
- Single Vitamin
o Vitamin C
o Vitamin D
o Biotin
o Others
- Multi-Vitamin
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
