Europe Gummy Market By Distribution Channel (Offline and Online), By End User (Adults and Kids), By Application (Vitamins, Omega Fatty Acids, Minerals, Proteins and other Applications), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Europe Gummy Market
Market Report Description
The Europe Gummy Market would witness market growth of 12.1% CAGR during the forecast period (2021-2027).
The high prevalence of Type-2 diabetes in European nations is anticipated to propel regional market growth. Though, low-sugar and low-calorie gummies are estimated to become more popular because they help in preventing obesity, and thus, avoiding diseases like diabetes. For example, HARIBO in January 2018, introduced fruit gummies consisting of dextrin to decrease the sugar content by 30% in comparison to traditional HARIBO gummies.
The growing awareness among the consumers regarding the consumption of dietary supplements is among the major aspects fuelling the demand for gummies enriched with vitamins in this region. In addition, a significant part of this region receives less sunlight and has long winters and autumn, which creates a deficiency of vitamin D in adults and children. Due to this, the demand for vitamin D enriched supplements is witnessing a surge in the demand and hence, the demand for gummy vitamins would also surge in this region.
The presence of some key manufacturers of gummies and stringent government regulations are anticipated to support the growth of the regional gummy market. Moreover, the shifting preference of consumers towards the adoption of healthy food substitutes is a crucial factor fuelling the demand for gummies in this region.
This product is aimed at the customers who demand new forms of supplements apart from capsules, tablets, and pills, among others, to fulfil their nutritional deficiency or gap. Additionally, people are consuming these gummies because they are easy to consume and are chewable, which also offer all the crucial nutritional values. A study published in the European Journal of Clinical Pharmacology stated that approximately 30% of customers face problems in swallowing pills, in which women and older adults are the major stakeholders, which would further augment the demand for vitamin-infused gummies.
The Germany market dominated the Europe Kids Market by Country in 2020, thereby, achieving a market value of $1,099.2 million by 2027. The UK market is exhibiting a CAGR of 11.6% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 14.1% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Adults and Kids. Based on Application, the market is segmented into Vitamins, Omega Fatty Acids, Minerals, Proteins and other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Gummy Market Size will Hit $37.1 Billion by 2027, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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), and Prime Health Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By End User
- Omega Fatty Acids
- other Applications
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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.
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