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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...

Gummy Market size is expected to reach USD 42.06 billion by 2028

  Gummy Industry Overview The global gummy market size was valued at USD 16.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.6% from 2020 to 2028.   The market is witnessing significant growth owing to the rising health-conscious consumer base demanding easy-to-consume dosage forms of supplements. The rapid pace of social and technological changes has led to unhealthy and hectic lifestyles resulting in increased prevalence of Cardiovascular Diseases (CVDs) and heart problems. The desire and seeming wherewithal to live longer and healthier lives is a huge driver for preventive health measures. The U.S. tops the overall market, in terms of revenue share.   Gather more insights about the market drivers, restrains and growth of the Global Gummy Market   The expansion of the dietary supplement industry in the country coupled with healthy changes in daily routine owing to increased awareness regarding preventive heal...