The gummy supplements market in Asia Pacific is expected to grow from US$ 2,647.93 million in 2021 to US$ 4,827.64 million by 2028. It is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
The continuous rise in new product developments is the major factor responsible for the growth of the gummy supplements market in the Asia Pacific region. One of the newest manufacturing trends in the gummy supplements market is offering aesthetic and functional benefits. For instance, Sirio Pharma Company Ltd., a contract manufacturer of gummy supplements, has started a new line of center-filled gummies. Center-filled gummies are produced on the company's in-house equipment, enabling the separation of functional ingredients between filling and shelling. Separating ingredients protects key ingredients from moisture and oxidation and reduces the risk of incompatibility. Ingredients in the filling are sheltered through a protective barrier of this shell. Apart from being beneficial in functionality, center-filled gummies also boost aesthetic value. Center-filled gummies can be visually appealing, and different colors can be used for shells and filling. Gummies also provide a different experience for the consumer as they consist of different filling and shell textures, making them taste different.
Gummies are one of the fastest-growing trends in dietary supplements, and their growth is attracting new entrants. Contract manufacturers for gummy supplements are now receiving orders for products that move beyond conventional nutritional ingredients, such as minerals and vitamins. The change in ingredients is prompting continual innovation in gummy processes and formulas. Manufacturers are working on organic and non-GMO claims, reducing artificial ingredients, animal ingredients, and sugar in gummy supplements. The gummy supplements market offers numerous opportunities and scope for innovation that require niche expertise, production capacity, and suitable equipment.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific gummy supplements market at a good CAGR during the forecast period.
Asia Pacific Gummy Supplements Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Gummy Supplements Market Segmentation
The Asia Pacific gummy supplements market is analyzed on the basis of type, end user, distribution channel, and country. Based on type, the market is segmented into digestive health, immune health, brain health, skin health, multivitamins, single vitamin, and others. The others segment held the largest market share in 2020. Based on end user, the market is bifurcated into adults and kids. The adults segment held the largest market share in 2020. Based on distribution channels, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2020.
Based on country, the Asia Pacific gummy supplements market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.
Bayer AG; Church & Dwight, Inc.; Herbaland Naturals Inc.; Jarrow Formula, Inc.; Nature's Bounty; Nature’s Way Products LLC; and The Clorox Company are the leading companies in the gummy supplements market in this region.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,647.93 Million |
| Market Size by 2028 | US$ 4,827.64 Million |
| CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Gummy Supplements Market is valued at US$ 2,647.93 Million in 2021, it is projected to reach US$ 4,827.64 Million by 2028.
As per our report Asia Pacific Gummy Supplements Market, the market size is valued at US$ 2,647.93 Million in 2021, projecting it to reach US$ 4,827.64 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The Asia Pacific Gummy Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Gummy Supplements Market report:
The Asia Pacific Gummy Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Gummy Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Gummy Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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