Adult Gummy Vitamin Market Size and Growth Rate:
The Adult Gummy Vitamin Market is expected to grow at a CAGR of 5.2% from 2018-2023 with the adoption rate being the highest in the US. In 2016, the market brought in revenues to the tune of $2.68 billion and this is expected to reach upwards of $4.17 billion by 2023.
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Adult Gummy Vitamin Market Growth Challenges, Drivers and Restraints:
Because of their easy availability and because they are so tasty and available in a range of flavours, adults prefer taking these on the go in place of regular medicines and supplements. This has boosted the market growth substantially.
Adult Gummy Vitamin Market Geographical Segmentation:
Asia Pacific is predicted to grow fast at a CAGR of 3.8% in the forecast period. This rate is influenced by the rapid urbanization and the fact that the focus has shifted to overcoming vitamin deficiency in children and adults. Europe too is expected to rake in $741 billion by 2025.
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Key Players of Adult Gummy Vitamin Market:
Some of the leading market players of Adult Gummy Vitamin Market are Bayer, Church & Dwight Co, Pharmavite, Nature’s Way, Hero Nutritonals, Zanon Vitamec, Softigel, Life Science Nutritionals and Rainbow Light
Adult Gummy Vitamin Market Segmentation:
Adult Gummy Vitamin Market Analysis – By Type:
- Single Vitamin
- Multi Vitamin
Adult Gummy Vitamin Market Analysis – By Application:
- Woman
- Man
Adult Gummy Vitamin Market Analysis – By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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