Home > Food & Beverages > Nutraceuticals > Vitamins > Multivitamin Gummies Market

Multivitamin Gummies Market Size

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

Download Free Sample

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.

To get key market trends

Download Free Sample

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.

Multivitamin Gummies Market Report Attributes
Report Attribute	Details
Base Year:	2022
Multivitamin Gummies Market Size in 2022:	USD 5.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	11.2%
2032 Value Projection:	USD 14.88 Billion
Historical Data for:	2018 to 2022
No. of Pages:	210
Tables, Charts & Figures:	260
Segments covered:	Source, End Use, Application, Distribution Channel & Region
Growth Drivers:	Rise in Vegan and Vegetarian Lifestyles Consumer Health Awareness Increasing in Beauty and Skin Health
Pitfalls & Challenges:	Compliance and Overconsumption Regulatory Scrutiny Allergens and Sensitivities

Learn more about the key segments shaping this market

Download Free Sample

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.