The gummy supplements market in South & Central America is expected to grow from US$ 682.57 million in 2021 to US$ 1,175.54 million by 2028. It is estimated to grow at a CAGR of 8.1% from 2021 to 2028.
Social media is creating a huge impact across the world. It is surfaced as a major factor behind the growth of the gummy supplements market in South & Central America. Social media plays a significant role in fitness motivation and influencing self-improvement. For instance, social media platforms, such as Instagram, Twitter, and Pinterest, boosted the popularity of the health & fitness industry, with many celebrities and influencers introducing users to new fitness regimes and dietary supplements, highlighting the benefits they offer to their physical and mental health. This, in turn, is aiding the demand for gummy supplements. Over the past few years, the number of social media players has increased dramatically, owing to the rising penetration of the internet and smartphones. People are heavily influenced by social media influencers and celebrities and try to follow them. Brands benefit from the growing influence of social media and celebrities on people.
Since the gummy supplement is a novel format, it is becoming increasingly popular among millennials and gen Z. The surge in demand from newer generations is also expected to drive the demand for gummy supplements over the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South & Central America gummy supplements market at a good CAGR during the forecast period.
South & Central America Gummy Supplements Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Gummy Supplements Market Segmentation
The South & Central America 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 South & Central America gummy supplements market is segmented into Brazil, Argentina, and the Rest of South & Central America.
Bayer AG; Church & Dwight, Inc.; Herbaland Naturals Inc.; Jarrow Formula, Inc.; 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$ 682.57 Million |
| Market Size by 2028 | US$ 1,175.54 Million |
| CAGR (2021 - 2028) | 8.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Gummy Supplements Market is valued at US$ 682.57 Million in 2021, it is projected to reach US$ 1,175.54 Million by 2028.
As per our report South & Central America Gummy Supplements Market, the market size is valued at US$ 682.57 Million in 2021, projecting it to reach US$ 1,175.54 Million by 2028. This translates to a CAGR of approximately 8.1% during the forecast period.
The South & Central America 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 South & Central America Gummy Supplements Market report:
The South & Central America Gummy Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Gummy Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Gummy Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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