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Dublin, March 16, 2022 (GLOBE NEWSWIRE) — The “Global Gummy Market Size, Share & Trends Analysis Report by Application (Omega Fatty Acids, Vitamins), by End User (Adults, Kids), by Distribution Channel (Store-, Non-store-based), by Region, and Segment Forecasts , 2020-2028” report has been added to ResearchAndMarkets.com’s offering.
The global gummy market size is expected to reach USD 42.06 billion by 2028, expanding at a CAGR of 12.6%
The advent of organic, clean, and natural formulated gummy supplements by key market participants; coupled with increasing customer demand for nutrition with taste and flavor is a major factor fueling the market growth.
Gummies are easy to chew and can be consumed on the go, thereby providing an easy supplementation solution during busy working schedules for adult consumers. Besides, gummies are highly popular among kids due to the availability of different flavors, colors, and attractive shapes.
Moreover, the prevailing trend of adopting preventive healthcare measures by parents since the birth of a baby is expected to drive the growth of the market in the coming years. In addition, the busy lifestyle of individuals has encouraged on-the-go eating habits; Thus, a shifting focus towards an alternative form of nutrients which is expected to stimulate growth for convenient and easy-to-swallow gummy.
The vitamin gummies segment dominated the market in 2020. With the increasing complexity in consumer dynamics, owing to professional and personal commitments, along…
Full story available on Benzinga.com
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