Supplements in the gummy form are becoming popular among adults and are the major factor responsible for the growth of the gummy supplements market in Europe. Dietary supplements are available in numerous forms, including tablets, soft gels, capsules, powders, liquids, and gummies. As per consumer data published by Glanbia plc, the "preferred format" is one of the most influential factors in decision making after highest quality ingredients" and the "most affordable option" for consumers when making a purchase decision for supplements. The right format is more important to consumers than its taste, label claims, and brand.
The growth of gummy supplements is also driven due to the increasing occurrence of pill fatigue. Pill fatigue is defined as "unwillingness to continue treatment due to the nuisance of having to take a multiplicity of doses" and "loss of desire to take medication over time due to high pill burden." While many supplement users have trouble swallowing pills and feel exhausted by the number of tablets and pills consumed within a day, the gummy format provides a fun and easy way of ingesting supplements. Beyond relieving pill fatigue, the gummy format offers consumers a delightful sensory experience. This format is becoming more popular with consumers as they are enjoyable in terms of mouthfeel, appearance, smell, taste, and interactive experience. They are also available in various flavors, enhancing the consumer’s taste. The advantages of the gummy format are driving the demand for gummy supplements.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe gummy supplements market at a good CAGR during the forecast period.
Europe Gummy Supplements Market Revenue and Forecast to 2028 (US$ Million)
Europe Gummy Supplements Market Segmentation
The Europe 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.
Bayer AG; Church & Dwight, Inc.; Herbaland Naturals Inc.; Jarrow Formula, Inc.; Life Science Nutritionals; 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$ 2,381.91 Million |
| Market Size by 2028 | US$ 4,201.89 Million |
| CAGR (2021 - 2028) | 7.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Gummy Supplements Market is valued at US$ 2,381.91 Million in 2021, it is projected to reach US$ 4,201.89 Million by 2028.
As per our report Europe Gummy Supplements Market, the market size is valued at US$ 2,381.91 Million in 2021, projecting it to reach US$ 4,201.89 Million by 2028. This translates to a CAGR of approximately 7.7% during the forecast period.
The Europe 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 Europe Gummy Supplements Market report:
The Europe Gummy Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Gummy Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Gummy Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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