Increasing Consciousness about Preventive Care is Propelling the Global Adult Vitamin Gummies Market
The global adult vitamin gummies market is anticipated to grow at a significant CAGR of 8.9% during the forecast period (2024-2031). The market growth is primarily driven by the increasing nutritional deficiency in adults owing to the irregular diet patterns with hectic work schedules among working-class adults. Additionally, the rising awareness about preventive care, increasing consumer demand for gummy vitamins, and rising cases of undernourishment and malnutrition in emerging countries are contributing to the market growth during the forecast period. However, risks related to side effects due to the over-consumption of gummy vitamins can restrain the market growth during the forecast period.
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The global adult vitamin gummies market is segmented by type (single vitamin and multi-vitamin) application (food supplements, immunity, weight management, hair and skin, and others), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Dynamics
The major companies operating in the global adult vitamin gummies market are Pfizer, Inc., Bayer AG, Olly Public Benefit Corp., Herbaland, Pharmavite LLC, VITAFUSION, and Chruch & Dwight Co. Inc. The market players are contributing significantly to the market growth by adopting various business strategies, such as, such as new product launches, mergers and acquisitions, partnerships, and more.
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Recent Developments
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