LAMEA 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
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Gummy Market
Market Report Description
The Latin America, Middle East and Africa Gummy Market would witness market growth of 13.6% CAGR during the forecast period (2021-2027).
The high prevalence of various diseases in numerous nations like Nigeria is pushing the gummy market forward in this region. Lack of proper nutrition is one of the major problems among children of this region, which is contributing to the increasing demand for various dietary supplements. In addition, the rising level of disposable income of the consumers is supporting the demand for gummy vitamins in this region.
Moreover, the introduction of a wide variety of gummies by the manufacturers is augmenting the growth of the regional gummy market. Consumers are becoming more conscious about their health; thus, they are widely opting for various forms of supplements that help them to boost their immunity and health. Further, the cases of nutrient-deficit diseases are also growing, which is fuelling the demand for supplements and further contributing to the regional growth of the gummy market.
The gummy market is growing but gummy manufacturers are facing some challenges, in which the preparation of gummy vitamins is the key challenge faced by the major manufacturer of the industry. Moreover, vitamins stability problem in a gummy delivery system is also creating problems for the key players of the gummy market. Additionally, these gummies are not covered by films like capsules or tablets, hence, the decomposition of these vitamin gummies begins in the mouth. There are several micronutrients infused in gummies that could not make it to the small intestine. This leads to less absorption of the bioactive form of the vitamins present in gummies in comparison to other alternatives and thus, restricting the growth of the gummy market.
The Adults market dominated the South Africa Gummy Market by End User in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $310.3 million by 2027. The Kids market is expected to witness a CAGR of 14.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Gummy Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free