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Gummy Market Size

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

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Gummy Market Size

Gummy Market size was valued at USD 20.9 billion in 2023 and is anticipated to register a CAGR of over 10.4% between 2024 and 2032.

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Consumers are increasingly looking for healthier snack options, and gummy products that are low in sugar, organic, and fortified with vitamins and minerals align with this trend. Gummy vitamin and supplements are gaining popularity as people seek convenient ways to improve their health.

Gummy Market Report Attributes
Report Attribute	Details
Base Year:	2023
Gummy Market Size in 2023:	USD 20.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10.4%
2032 Value Projection:	USD 51.2 Billion
Historical Data for:	2018 - 2023
No. of Pages:	180
Tables, Charts & Figures:	276
Segments covered:	Ingredients, Distribution, End use
Growth Drivers:	Health and Wellness trends Taste and convenience
Pitfalls & Challenges:	Regulatory compliance Health concern

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Gummies can be marketed as a healthier alternative, they can still contain high levels of sugar, artificial additives, and preservatives. Concerns about excessive sugar consumption and additives can restrain the growth of the gummy industry, especially for parents and health-conscious consumers.

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.