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Gummy Market Size

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

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.

 

Gummy Market

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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.

 

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.

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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