DUBLIN--(BUSINESS WIRE)--The "North America Gummy Market By Distribution Channel, By End User, By Application, By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The North America Gummy Market is expected to witness market growth of 11.7% CAGR during the forecast period (2021-2027).
These vitamin supplements are becoming widely popular across the globe. In addition, gummies boost health and can help in balancing a poor diet. Moreover, gummy vitamins are chewable and are extremely popular among consumers who face difficulties in swallowing pills.
The increasing population of health-conscious consumers who are demanding easily consumable forms of supplements is supporting the growth of the gummy market. With the rapidly changes in social and technological aspect, consumers have adopted unhealthy and hectic lifestyles that led to the high prevalence of heart problems and cardiovascular diseases (CVDs).
The growing awareness among consumers about living a healthy and long life is creating more demand for preventive health measures. The US is among the top countries in the high consumption of gummies globally.
The high adoption of healthy food products and dietary supplements is one of the core reasons augmenting the demand for gummies infused with nutrients.
Consumers in this region, especially in the developed region like the US and Canada, are more aware of maintaining a healthy lifestyle and healthy food habits, which is motivating them to consume food products that offer more health values. Thus, it will create more opportunities for the gummy manufacturers in the region.
Moreover, the increasing prevalence of various diseases caused by the deficiency of different nutrients is also contributing to the surging demand for gummy vitamins in the regional market. The geriatric population in this region is increasing, which is opening new growth prospects for the manufacturers as older people need dietary supplements but faces problems in swallowing pills and capsules. In this case, gummies have proven to be the best alternative available as they are chewable and soft.
The USA market dominated the North America Online Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $4,342.6 million by 2027. The Canada market is experiencing a CAGR of 13.4% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 15.6% during (2021 - 2027).
Key Market Players
- Church and Dwight Co., Inc.
- The Clorox Company
- Nestle S.A.
- Bayer AG
- Hero Nutritionals, Inc.
- BOSCOGEN, Inc.
- Lactonova Nutripharm Pvt Ltd.
- NutraStar Manufacturing Ltd.
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Prime Health Ltd.
Scope of the Study
Distribution Channel
- Offline
- Online
End User
- Adults
- Kids
Applications
- Vitamins
- Omega Fatty Acids
- Minerals
- Proteins
- Others
Country
- US
- Canada
- Mexico
- Rest of North America
For more information about this report visit https://www.researchandmarkets.com/r/lzcs27
