chewable vitamins and supplements market REPORT OVERVIEW
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The global chewable vitamins and supplements market size was in USD 4706.94 million 2021 and will reach USD 6312.14 million by 2027, at CAGR of 5.01% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The chewable vitamins and supplements market constitutes a subset of the larger dietary supplement sector, emphasizing products specifically formulated for oral consumption in the form of chewable tablets or gummies. These offerings are developed with the primary goal of delivering vital vitamins, minerals, and beneficial compounds in a manner that is not only more palatable but also more convenient when contrasted with conventional pill or capsule formats.
COVID-19 Impact: Increased Health Awareness among Population to Fuel Market Growth
The pandemic has raised public consciousness regarding the significance of sustaining optimal health and a robust immune system, prompting a growing number of people to seek out vitamins and supplements, including chewable varieties, as a means to enhance their immune system.
The pandemic caused disruptions in global supply chains, resulting in sporadic shortages and production and distribution delays for chewable vitamins and supplements. This, in turn, impacted the accessibility of these products in certain areas.
LATEST TRENDS
"Plant-Based and Vegan Options, and Sustainability to Fuel Market Growth "
Chewable vitamins and supplements labeled as "plant-based" typically source their nutrients and active components from plant-derived origins. This implies that the ingredients are obtained from plants rather than animal-based sources. For example, vitamin D2 (ergocalciferol) extracted from mushrooms serves as a prevalent plant-based substitute for vitamin D3, which is frequently derived from animal-derived sources. In contrast, vegan chewable vitamins and supplements take it a step further by ensuring that the product is completely devoid of any ingredients derived from animals. This includes the exclusion of gelatin, a commonly used gelling agent in traditional gummy supplements. Instead, vegan alternatives incorporate substitute substances like pectin, agar-agar, or other plant-based binders and gelling agents. There was a growing emphasis on sustainable and environmentally friendly packaging, as consumers started seeking products that are beneficial not only for their health but also for the well-being of the planet.
chewable vitamins and supplements market SEGMENTATION
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- By Type
Based on type the market is classified as supplements, vitamins, and mineral.
- By Application
Based on application the market is classified as children, adult, and pet.
DRIVING FACTORS
"Health and Wellness Awareness to Fuel Market Growth "
The chewable vitamins and supplements market growth is fueled by the growing recognition of the significance of health and wellness, motivating consumers to search for products that can enhance their overall well-being. Chewable vitamins and supplements are regarded as a convenient solution to address nutritional deficiencies and contribute to this expanding market.
"Convenience and Palatability to Stimulate Market Progress"
Chewable supplements hold particular appeal for individuals who encounter challenges when swallowing pills or capsules, with children and seniors being notable examples. The delightful flavors and textures of chewable products render them a convenient and agreeable choice.
RESTRAINING FACTORS
"Regulatory Challenges to Harm Market Growth "
The imposition of more stringent regulations and heightened quality control standards can present a hurdle for manufacturers, potentially resulting in higher compliance expenses. Meeting the ever-evolving regulatory demands can be demanding for the industry.
chewable vitamins and supplements market REGIONAL INSIGHTS
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"North America to dominate the Market owing to Robust Healthcare Infrastructure "
In the North American chewable vitamins and supplements market, particularly in the United States, there is a well-established presence with a substantial chewable vitamins and supplements market share. This region benefits from a health-conscious population that prioritizes well-being and proactive healthcare. The market share further expanded during the COVID-19 pandemic due to a heightened demand for immune-boosting products. Additionally, there is a significant market share attributed to the preference for organic and natural ingredients.
KEY INDUSTRY PLAYERS
"Multitude of Companies That Played A Pivotal Role In Expansion Of Chewable Vitamins And Supplements"
Within the chewable vitamins and supplements market, one can find a diverse array of prominent industry participants, ranging from well-established brands to up-and-coming enterprises. Among these, Nature's Bounty, also recognized as The Nature's Bounty Co., stands out as a significant manufacturer and distributor of vitamins, minerals, and supplements. Their product portfolio includes a variety of chewable options.
List of Market Players Profiled
- Gimbal’s (U.S.)
- Softigel (U.S.)
- Pharmavite (U.S.)
- Herbaland (Canada)
- Vitafusion (U.S.)
REPORT COVERAGE
The future demand for the chewable vitamins and supplements market is covered in this study. The Research report includes the Increased Health Awareness due to the Covid-19 Impact. The report covers the latest trends in Plant-Based and Vegan Options. The paper includes a segmentation of the chewable vitamins and supplements market. The research paper includes the driving factors that are Health and Wellness Awareness to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for chewable vitamins and supplements.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 4706.94 Million in 2021 |
Market Size Value By |
US$ 6312.14 Million by 2027 |
Growth Rate |
CAGR of 5.01% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the chewable vitamins and supplements market expected to touch by 2027?
The global chewable vitamins and supplements market size is expected to reach USD 6312.14 million by 2027.
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What CAGR is the global chewable vitamins and supplements market expected to exhibit by 2027?
The global chewable vitamins and supplements market is expected to exhibit a CAGR of 5.01% by 2027.
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Which are the driving factors of the chewable vitamins and supplements market?
The driving factors of the chewable vitamins and supplements market are health and wellness awareness, and convenience and palatability.
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Which are the key players or most dominating companies functioning in the chewable vitamins and supplements market?
Gimbals, Softigel, Pharmavite, Herbaland, and Vitafusion are the key players or most dominating companies functioning in the chewable vitamins and supplements market.
