The Europe Multivitamin Gummies Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,114.8 million units, showcasing a growth of 11.2% (2019-2022).
Manufacturers of multivitamin gummies enhance their manufacturing procedures to meet consumers' shifting demands. Innovations in manufacturing permit the retention of desirable characteristics, such as chewiness and flavor, while assuring quality consistency. Manufacturers can thoroughly combine the ingredients for optimal gelatin formulation distribution and texture. This ensures that each edible provides an even quantity of essential vitamins and minerals.
The growth of the multivitamin gummy industry can be attributed to increasing awareness among consumers of the importance of maintaining health and the increase in vitamin deficiencies. Multivitamin gummies contain vitamins C, A, D, E, K, B6, thiamine, B12, and folic acid, among others. The gummies support multiple bodily functions, including bone health, immunity, and energy production.
Both Spain and Italy, celebrated for their Mediterranean lifestyles, have traditionally emphasized natural, diet-based health solutions. However, the urbanization wave and the global health and wellness movement have nudged these nations toward embracing dietary supplements. Multivitamin gummies, appealing to younger and older consumers, have found a steadily expanding market in these countries. Their easy-to-consume nature is especially appealing to the elderly population, who might find traditional pills harder to swallow. Thus, the region presents lucrative growth prospects for the market.
The Germany market dominated the Europe Multivitamin Gummies Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $736.5 million by 2030. The UK market is exhibiting a CAGR of 9.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Multivitamin Gummies Market will Hit $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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