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Gummy Market Analysis

  • Report ID: GMI6969
  • Published Date: Oct 2023
  • Report Format: PDF

Gummy Market Analysis

Gummy Market Size, By Ingredients, 2021 - 2032 (USD Billion)

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Based on ingredients, the fruit-based gummies segment held over USD 6.5 billion revenue in the year 2022. They provide a portable and mess-free way to enjoy fruit flavors on the go, making them popular among busy individuals and families. Parents are also more inclined to choose fruit gummies for their children as a way to incorporate fruit into their diets in a fun and appealing manner. The fruit gummies segment is also benefiting from innovation in terms of flavors and shapes. Manufacturers are continually introducing new and exotic fruit flavors, as well as fun and eye-catching shapes, which add to their appeal, especially among children and younger consumers.
 

Gummy Market Revenue Share, By End use, (2022)

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Based on end use, the adult segment accounted for 66.4% of the gummy market share in 2022. The rise of e-commerce and DTC brands has made it easier for adults to access a wide range of gummy supplements, often with detailed product information and customer reviews, contributing to the segment's growth.
 

Based on distribution channel, the hypermarket and supermarket segment recorded more than 34.5% of the gummy market share in 2022. Hypermarkets and supermarkets offer one-stop shopping experiences for consumers. They provide a wide range of products, including gummies, under a single roof. Shoppers can conveniently find various gummy products, compare brands, and make their purchases in one place.
 

North America Gummy Market Revenue, 2021 - 2032 (USD Billion)

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The North America gummy market size dominated around USD 7.2 billion in 2022, driven by their popularity as a convenient and enjoyable snack or confectionery. Gummies appeal to a wide range of age groups, from children to adults, contributing to market growth. In addition, the region has witnessed a growing interest in health and wellness, which has led to the development of functional gummies containing vitamins, minerals, and supplements. These products are perceived as a healthier alternative to traditional candies, driving demand.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of gummy reached USD 20.9 billion in revenue in 2023 and it is set to expand at over 10.4% CAGR from 2024 to 2032, owing to the rising consumer demand for healthier snack options worldwide.

Fruit-based gummy segment size generated USD 6.5 billion in revenue in 2022, due to provide portable and mess-free way to enjoy fruit flavors.

North America market accounted for USD 7.2 billion in revenue in 2022, driven by the increasing consumer interest in health and wellness.

Some prominent firms operating in the industry are Nestle SA, Bayer AG, Church & Dwight Co. Inc., Procter & Gamble, Unilever PLC (OLLY), Amway Corp., Otsuka Holdings Co., Ltd., GSK Plc, Haleon Group of Companies, Catalent, Inc., H&H Group, and Procaps Group.

Gummy Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 276
  • Countries covered: 22
  • Pages: 180
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