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Multivitamin Gummies Market Size - By Source (Gelatin, Plant-based Gelatin Substitute), By Application (General Health, Bone & Joint Health, Immunity, Cardiac Health, Diabetes, Skin/Hair/Nails, Prenatal Health,), End use, Distribution Channel & Forecast, 2023 – 2032

  • Report ID: GMI6849
  • Published Date: Oct 2023
  • Report Format: PDF

Multivitamin gummies Market Size

Multivitamin Gummies Market size was valued at around USD 5.15 billion in 2022 and is estimated to register a CAGR of over 11.2% between 2023 and 2032. Increasing consumer awareness of health and wellness, a preference for convenient and palatable supplements, and the perception that gummies are a more enjoyable way to meet daily nutritional needs. This sector has seen a proliferation of brands and product offerings, with manufacturers catering to various dietary preferences, including vegan and organic options.

 

Multivitamin Gummies Market

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However, competition is fierce, and regulatory scrutiny concerning the quality and efficacy of these products continues to be a challenge for the industry. To thrive, companies in this sector will need to focus on product innovation, quality assurance, and transparent marketing practices to maintain consumer trust and sustain growth.

 

COVID-19 Impact

The COVID-19 pandemic had a notable impact on the multivitamin gummies market. It drove increased consumer interest in health and wellness, prompting many individuals to seek out immune-boosting supplements, including multivitamins, to support their overall health. This surge in demand for immune-supportive products led to a temporary boost in sales for multivitamin gummies, with consumers looking for convenient and palatable options for supplementing their diets. However, the pandemic also exposed vulnerabilities in the supply chain for dietary supplements, including gummies. Disruptions in manufacturing, shipping, and logistics, along with increased demand, led to challenges in maintaining product availability.

 

Multivitamin Gummies Market Trends

Consumer demand for gummies as a simple and pleasant alternative to traditional tablets or capsules is expanding, fueling market expansion. Due to the COVID-19 pandemic, there has been a rise in demand for multivitamin gummies, particularly ones made with immune-boosting components like vitamin C and zinc. Companies offering customized gummy supplements to satisfy specific health goals and dietary choices, such as vegan, organic, or sugar-free solutions, are emerging as significant trends. Sustainability and transparency have grown in popularity, with consumers looking for eco-friendly packaging, responsibly sourced ingredients, and clear labelling to help them make informed supplement selections. These trends will shape the dynamics of the multivitamin gummies market.

 

Multivitamin Gummies Market Analysis

Multivitamin Gummies Market Size, By Product , 2021 - 2032 (USD Billion)

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Based on source, The emergence of gelatin has been a transformative trend, reflecting a shift towards more sustainable and ethically sourced ingredients. As plant-based options gain traction, they are steadily capturing a larger market value of USD 3711.7 million in 2022, driven by the growing vegan and vegetarian demographic and environmentally conscious consumers. This trend not only aligns with ethical and sustainability concerns but also responds to the demand for cruelty-free and allergen-friendly products. Manufacturers that successfully incorporate these plant-based alternatives into their multivitamin gummies stand to benefit from an expanding consumer base and potentially enhanced brand loyalty, demonstrating the significance of source segmentation in the competitive landscape of multivitamin gummies market.

 

Multivitamin Gummies Market Revenue Share (%), By Material, (2022)

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Based on end use, The adult segment typically commands the largest market share due to the broader consumer base seeking general health and wellness supplements. The geriatric segment is also significant, driven by the aging population's increased focus on maintaining health and vitality. Pregnant women represent a niche but essential market, with a strong emphasis on prenatal vitamins to support fetal development and maternal health. Lastly, the children's segment exhibits potential growth as parents increasingly seek convenient and enjoyable ways to ensure their kids receive essential nutrients. Market players that can effectively cater to these distinct segments with tailored formulations and marketing strategies are poised to capitalize on the multifaceted nature of the multivitamin gummies market.

 

General health remains a dominant segment, capturing a substantial market share in 2022 and is poised to grow at 10.7% CAGR through 2032, as it caters to a broad audience seeking overall well-being and nutrition. Bone and joint health, as well as immunity, are witnessing significant growth due to the aging population and increased interest in preventive healthcare, especially considering the COVID-19 pandemic. Cardiac health and diabetes segments are gaining momentum as consumers seek supplements to manage chronic conditions, reflecting a growing health-conscious demographic.

 

The skin/hair/nails segment is driven by beauty-conscious consumers looking for supplements to enhance their appearance. Prenatal health represents a niche but essential segment, emphasizing the significance of maternal and fetal well-being. The "others" category is dynamic, accommodating a range of specialized health concerns and niche markets. In this diverse landscape, manufacturers who can tailor their multivitamin gummy formulations and marketing efforts to these specific applications stand to gain a competitive edge in a multivitamin gummies market.

 

Based on distribution channel Offline channels, which include hypermarkets/supermarkets, pharmacies, specialty stores, and practitioner offices, have traditionally held a significant share in 2022 and is likely to grow by 2032, offering consumers the advantage of in-person consultation, trusted brands, and immediate access to products.

 

However, the online channel has been rapidly gaining ground, especially during the COVID-19 pandemic, as consumers increasingly opt for the convenience of e-commerce, extensive product selection, and the ability to compare prices and read reviews. The practitioner channel, which involves recommendations from healthcare professionals, remains a trusted source of information and drives sales. The "others" category accommodates various emerging channels, including health and wellness stores and direct-to-consumer brands, further diversifying the market. As consumer preferences evolve and digitalization continues, a balanced multi-channel strategy is crucial for companies to maintain a competitive edge and adapt to changing multivitamin gummies market dynamics.

 

U.S. Disposable Gloves Market Size, 2020- 2032 (USD Million)

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U.S. dominated the North American region with majority market share and a revenue of USD 510.88 million in 2022 and is anticipated to expand at a significant pace from 2023 to 2032. The U.S. boasts a health-conscious population with a strong emphasis on wellness and preventive healthcare, contributing to robust demand for multivitamin supplements. Additionally, the convenience and palatability of gummies align well with consumer preferences for easy-to-use dietary supplements. The presence of a wide variety of brands and products in the U.S. market caters to diverse dietary preferences, including vegan and organic options.

 

Multivitamin Gummies Market Share

Some of the major market players operating in the multivitamin gummies market are:

  • Pfizer Inc. (Centrum)
  • Bayer AG
  • SmartyPants Vitamins
  • Olly Nutrition (acquired by Unilever)
  • Hero Nutritional’s,LLC (Yummi Bears)
  • Nature's Bounty Co. 

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Multivitamin Gummies Industry News:

  • In June 2023, Bayer AG Launches Precision Health Unit to Develop New Products.Precision Health business unit focused on developing new products across its range of everyday health categories.
     

This multivitamin gummies market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Source

  • Gelatin
  • Plant-based Gelatin Substitute

By end use

  • Adults
  • Geriatric
  • Pregnant Women
  • Children

By Application

  • General Health
  • Bone & Joint Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Skin/Hair/Nails
  • Prenatal Health
  • Others

By Distribution Channel

  • Online
  • Hypermarkets/ Supermarkets
  • Pharmacies
  • Specialty Stores
  • PR actioner
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of multivitamin gummies was worth USD 5.15 billion in 2022 and may reach USD 14.88 billion by 2032, due to the increasing consumer awareness of health and wellness.
Multivitamin gummies market size from the general health applications is anticipated to grow at 10.7% CAGR through 2032, owing to the greater need to cater to broad audience seeking overall well-being and nutrition.
U.S. market for multivitamin gummies was crossed USD 510.88 million in 2022 and is anticipated to expand at significant pace from 2023 to 2032, due to presence of health-conscious population with strong emphasis on wellness and preventive healthcare.
Pfizer Inc. (Centrum), Bayer AG, SmartyPants Vitamins, Olly Nutrition (acquired by Unilever), Hero Nutritional’s, LLC (Yummi Bears), and Nature's Bounty Co. among others are some of the prominent multivitamin gummy providers.

Multivitamin Gummies Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 260
  • Countries covered: 21
  • Pages: 210
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