The Asia Pacific Multivitamin Gummies Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,287.5 million units, showcasing a growth of 12.4% (2019-2022).
Companies in the multivitamin gummy industry are investigating sustainable procurement methods for the production constituents. This includes sourcing gelatin-free ingredients from plant-based sources. While using alternative ingredients and production methods, gelatin-free multivitamin gummies address these concerns and attract consumers seeking more ethical and environmentally favorable products.
In addition, the increasing number of dietary restrictions and food allergies contributes to the growth in demand for gelatin-free multivitamin gummies. Gelatin originates from specific animal sources, posing allergenic hazards for some individuals. By providing gelatin-free alternatives, manufacturers can appeal to a broader range of consumers, even those with dietary constraints.
With its growing economy and increasing urban population, Malaysia offers fertile ground for the health supplement industry. The country's multicultural fabric, with influences from Malay, Chinese, and Indian cultures, shapes diverse consumption patterns. While traditional remedies have their place, there's a noticeable pivot towards modern dietary supplements. Multivitamin gummies, perceived as a fusion of health and taste, are steadily carving a niche in the Malaysian market. Hence, the region's economic growth, demographic shifts, and evolving consumption patterns set the demand.
The China market dominated the Asia Pacific Multivitamin Gummies Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $890.3 million by 2030. The Japan market is registering a CAGR of 11.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 12.8% during (2023 - 2030).
Based on Source, the market is segmented into Gelatin and Plant-based Gelatin Substitute. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Sales Channel, the market is segmented into OTC and Prescribed. Based on End-user, the market is segmented into Adults, Geriatric, Pregnant Women and Children. Based on Application, the market is segmented into General Health, Cardiac Health, Diabetes, Prenatal Health, Bone & Joint Health, Immunity, Skin/Hair/Nails and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Multivitamin Gummies Market is Predict to reach $11.2 Billion by 2030, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SmartyPants Vitamins, Pharmavite LLC, Garden of Life, Better Nutritionals, LLC, Church & Dwight Co., Inc. (Vitafusion), Swanson Health Products, Inc., Nature’s Way Brands, LLC, MRO MaryRuth, LLC, GNC Holdings, LLC and Bayer AG
By Source (Volume, Million Units, USD Million, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Million, 2019-2030)
By Sales Channel (Volume, Million Units, USD Million, 2019-2030)
By End-user (Volume, Million Units, USD Million, 2019-2030)
By Application (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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