Sweetening the Future: The Explosive Growth of the Global Gummy Market
The global gummy market was valued at USD 23.93 billion in 2023 and is projected to experience significant growth, with an expected compound annual growth rate (CAGR) of 11.8% from 2024 to 2030. This robust growth is being driven by several key factors that reflect changing consumer preferences, increased health awareness, and the growing popularity of gummies as a delivery format for various nutrients and supplements. Consumer preferences in the food and supplement sectors are undergoing a significant shift, driven by increasing health awareness and a growing desire for natural, functional products. In recent years, there has been a notable rise in the demand for nutraceutical products—foods and supplements that offer health benefits beyond basic nutrition. This trend is particularly evident in the gummy industry, where consumers are actively seeking products that not only satisfy their taste pref...