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Asia Pacific Gummy Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, End User, and Distribution Channel

Asia Pacific Gummy Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, End User, and Distribution Channel

  • August 2022
  • 128 pages
  • ID: 6316695
  • Format: PDF
  • The Insight Partners

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The gummy supplements market in Asia Pacific is expected to grow from US$ 2,647.93 million in 2021 to US$ 4,827.64 million by 2028. It is estimated to grow at a CAGR of 9.0% from 2021 to 2028.

The continuous rise in new product developments is the major factor responsible for the growth of the gummy supplements market in the Asia Pacific region.One of the newest manufacturing trends in the gummy supplements market is offering aesthetic and functional benefits.

For instance, Sirio Pharma Company Ltd., a contract manufacturer of gummy supplements, has started a new line of center-filled gummies. Center-filled gummies are produced on the company’s in-house equipment, enabling the separation of functional ingredients between filling and shelling. Separating ingredients protects key ingredients from moisture and oxidation and reduces the risk of incompatibility. Ingredients in the filling are sheltered through a protective barrier of this shell. Apart from being beneficial in functionality, center-filled gummies also boost aesthetic value. Center-filled gummies can be visually appealing, and different colors can be used for shells and filling. Gummies also provide a different experience for the consumer as they consist of different filling and shell textures, making them taste different.

Gummies are one of the fastest-growing trends in dietary supplements, and their growth is attracting new entrants.Contract manufacturers for gummy supplements are now receiving orders for products that move beyond conventional nutritional ingredients, such as minerals and vitamins.

The change in ingredients is prompting continual innovation in gummy processes and formulas.Manufacturers are working on organic and non-GMO claims, reducing artificial ingredients, animal ingredients, and sugar in gummy supplements.

The gummy supplements market offers numerous opportunities and scope for innovation that require niche expertise, production capacity, and suitable equipment.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific gummy supplements market at a good CAGR during the forecast period.

Asia Pacific Gummy Supplements Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Gummy Supplements Market Segmentation

The Asia Pacific gummy supplements market is analyzed on the basis of type, end user, distribution channel, and country.Based on type, the market is segmented into digestive health, immune health, brain health, skin health, multivitamins, single vitamin, and others.

The others segment held the largest market share in 2020.Based on end user, the market is bifurcated into adults and kids.

The adults segment held the largest market share in 2020.Based on distribution channels, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others.

The specialty stores segment held the largest market share in 2020.

Based on country, the Asia Pacific gummy supplements market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific.

Bayer AG; Church & Dwight, Inc.; Herbaland Naturals Inc.; Jarrow Formula, Inc.; Nature’s Bounty; Nature’s Way Products LLC; and The Clorox Company are the leading companies in the gummy supplements market in this region.

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