Global Gummy Market Insights Forecasts to 2033

• The Global Gummy Market Size was Valued at USD 22.78 Billion in 2023
• The Market Size is growing at a CAGR of 11.32% from 2023 to 2033
• The Worldwide Gummy Market Size is expected to reach USD 66.56 Billion by 2033
• Asia Pacific Market is expected to grow the fastest during the forecast period

The Global Gummy Market Size is expected to reach USD 66.56 Billion by 2033, at a CAGR of 11.32% during the forecast period 2023 to 2033.

The gummy is a chewable substance that has a texture similar to candies and it comes in several flavours, shapes and colours. Gummies are an ideal nutrient delivery format because they are easy to consume and can be made with a variety of active ingredients. Certain gummies are made with omega-3 fatty acids, which are critical for heart health, or they may contain vitamins and minerals that promote immune health. Furthermore, probiotics and prebiotics found in some gummies support gut health. In addition, the increasing number of individuals who suffer from vitamin deficiencies is driving up demand for gummies. Businesses in the gummy industry are taking advantage of this chance to increase their production capabilities for plant-based gummies. Pectin is a polysaccharide derived from plants that has been shown to have potential as a gelling agent in foods free of animal products. An increasing number of startups are taking advantage of revenue opportunities in the gummy market. Innovations in plant-based gummy candy are being driven by trends in veganism and vegetarianism. Producers are increasing their output of vegan gummy sweets with a strawberry flavour and added vitamins B12 and D3. Diets focused on plant-based vegan candy are becoming more and more popular due to ethical, religious, environmental, and financial factors supporting vegan and vegetarianism.

Report Coverage

This research report categorizes the market for the global gummy market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global gummy market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global gummy market.

Driving Factors

Increased vegan awareness, combined with the introduction of vegetarian gummies and brand campaigns by supplement manufacturers, has propelled the adult gummies market forward. These candies, which don't contain any ingredients originating from animals, are intended for vegans. The increased demand for vegan products has helped the market expand and given health-conscious adults who are adopting plant-based diets more options. For instance, OGeez released two new products in December 2023: The Naturals, a vegan gummy with rosin, and The Big OGeez. Gummy manufacturers are now offering gummies with multiple benefits in one product. Key players offer gummy products that boost immunity, aid in digestion, encourage sleep, build strength, and support the health of the heart, bones, eyes, hair, and skin. These elements create a favourable environment for the demand for products enhanced with vitamins to rise, which will drive the market for gummies as a whole.

Restraining Factors       

Gummies can be marketed as a healthier alternative, but they could still have high levels of sugar, artificial additives, and preservatives. The gummy industry's growth may be restricted by worries about excessive sugar intake and additives, particularly among parents and health-conscious consumers.

Market Segmentation 

By Product Insights

The vitamins segment dominates the market with the largest revenue share over the forecast period.

Based on product, the global gummy market is segmented into vitamins, minerals, and dietary fibres. Among these, the vitamins segment is dominating the market with the largest revenue share over the forecast period. Several individuals have vitamin deficiencies, especially in vitamin B12 and D, which can be attributed to dietary and lifestyle choices. Gummies with vitamins are a convenient means to get these nutrients. In addition, because they support metabolic health and balance the body's folic acid and glycaemic index, vitamin gummies are becoming more and more popular among working professionals. The popularity of vitamin gummies has also grown as a result of successful marketing initiatives, which have included social media influencers and medical professionals endorsing the product. Due to the growing demand for adult-sized vitamin gummies, Nature's Truth, a producer of wellness products that includes vitamins and supplements, introduced a line of adult-sized vitamin gummies in April 2022.

By Ingredients Insights

The fruit-based gummies segment is witnessing significant CAGR growth over the forecast period.

Based on the ingredients, the global gummy market is segmented into fruit-based gummies, gelatin-free gummies, CBD/THC gummies, probiotic gummies, vitamin/supplement, and collagen gummies. Among these, the fruit-based gummies segment is witnessing significant growth over the forecast period. They are popular among busy people and families because they provide a portable and mess-free way to enjoy fruit flavours while on the go. Additionally, parents are more likely to select fruit gummies for their kids as an enticing and enjoyable way to add fruit to their diets. The market for fruit candies is also profiting from innovation in terms of tastes and forms. Their appeal is increased by the manufacturers' constant introduction of novel and exotic fruit flavours, as well as visually appealing and entertaining shapes, particularly for younger and younger consumers.

By End User Insights

The adults dominate the market with the largest revenue share over the forecast period.

Based on the end user, the global gummy market is segmented into children, adults, and seniors. Among these, the adult segment is dominating the market with the largest revenue share over the forecast period. The increase in the population of adults is more vulnerable to vitamin deficiencies and bone diseases. Furthermore, because they are chewable and have a better flavour in addition to their health benefits, gummy vitamins are therefore highly favoured by adults worldwide.

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America is dominating the market with the largest market share over the forecast period. The United States is one of North America's largest gummy markets. The need for customized supplement solutions, growing demand for vitamin C and D supplements, and an increase in the prevalence of vitamin deficiencies have all contributed to the recent surge in the popularity of gummies. Vitamin deficiencies can be supplemented and wellness objectives can be supported with gummy supplements, which are tasty and convenient. The US gummy market is expanding due to the availability of different kinds of gummies, including probiotic gummies, vitamin C gummies, vitamin D gummies, and multivitamin gummies. Since these supplements taste so good and are so simple to take, people of all ages, including adults and children, love them.

Asia Pacific is expected to grow the fastest during the forecast period. Growing disposable income and changing lifestyles will probably contribute to rising consumer spending on health and wellness products, which will fuel industry growth in countries like China, India, and Japan. Additionally, in response to consumer demand, regional gummy producers are offering fusion gummies and a wide range of flavours that appeal to younger consumers, including kids. This is anticipated to increase demand and support the expansion of the local gummy market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global gummy market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market

List of Key Market Players

• Bettera Brands, LLC
• NutraStar Manufacturing Ltd.
• Procaps Group
• Santa Cruz Nutritionals
• Amapharm
• Herbaland Canada
• Allseps Pty. Ltd.
• Vitux AS
• Boscogen, Inc
• Better Nutritionals
• Prime Health Ltd.
• AJES Pharmaceuticals LLC
• Lactonova
• SMPNutra.com
• Lexicare Pharma Pvt. Ltd.
• Superior Supplement Manufacturing
• Well Aliments
• Supplement Factory Ltd.
• Vitakem Nutraceutical, Inc.
• Others

Key Market Developments

• On February 2024, Anti-alcohol gummy launches in colorful standup pouch. An anti-Alcohol Flush gummy called Ando was developed to combat the symptoms of Alcohol Flush, which affect over 15 million Americans and include redness, itching, nausea, and dizziness. It was just released in a stand-up pouch with a matte finish and a resealable zipper along the tearline.

• On February 2024, PlantFuel Life Inc. PlantFuel, a trailblazing company in the plant-based nutrition space, is pleased to report noteworthy advancements with Amplify Nutrition Pre-workout and Electrolyte Gummies, two of its most recent product releases. PlantFuel has effectively partnered with manufacturers to initiate the first production of its exclusive recipes, paving the way for future market penetration and scalability. The business will keep negotiating with interested parties to make sure we can supply the growing demand for supplements in gummy format. Plantfuel is concentrating on expanding its product sales channels in order to increase revenue by 2024.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Gummy Market based on the below-mentioned segments:

Gummy Market, Product Analysis

• Vitamins
• Minerals
• Dietary Fibers

Gummy Market, Ingredients Analysis

• Fruit-Based Gummies
• Gelatin-Free Gummies
• CBD/THC Gummies
• Probiotic Gummies
• Vitamin/Supplement
• Collagen Gummies

Gummy Market, End User Analysis

• Children
• Adults
• Seniors

Gummy Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa