Argentina Gummy Market Size & Outlook, 2023-2030
Argentina gummy market, 2018-2030 (US$M)
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Argentina gummy market highlights
- The Argentina gummy market generated a revenue of USD 61.0 million in 2023 and is expected to reach USD 163.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 15.2% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating product in 2023.
- CBD/CBN is the most lucrative product segment registering the fastest growth during the forecast period.
Gummy market data book summary
| Market revenue in 2023 | USD 61.0 million |
| Market revenue in 2030 | USD 163.8 million |
| Growth rate | 15.2% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | CBD/CBN |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Minerals, Carbohydrates, Omega Fatty Acids, Proteins & Amino Acids, Probiotics & Prebiotics, Dietary Fibers, CBD/CBN, Psylocybin/Psychedelic Mushroom, Melotonin |
| Key market players worldwide | Procaps Group SA, Catalent Inc, NutraStar, Santa Cruz Nutritionals, Amapharm, Allseps, Boscogen, Better Nutritionals, Prime Health, AJES Pharmaceuticals, Lactonova, SMP Nutra, Superior Supplement Manufacturing, Well Aliments, Supplement Factory |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global gummy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil gummy market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 163.8 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina gummy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gummy market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 24.75% in 2023. Horizon Databook has segmented the Argentina gummy market based on vitamins, minerals, carbohydrates, omega fatty acids, proteins & amino acids, probiotics & prebiotics, dietary fibers, cbd/cbn, psylocybin/psychedelic mushroom, melotonin covering the revenue growth of each sub-segment from 2018 to 2030.
There is a growing awareness among the people about the importance of maintaining overall health and wellbeing. With busy lifestyles and dietary habits sometimes lacking in essential nutrients, people are turning to supplements as a convenient way to fill nutritional gaps and support their health.
Specifically, there's a notable trend of gummy supplements, particularly those targeting skin and hair health. This can be attributed to increasing concerns about personal appearance and beauty standards. Many individuals are seeking ways to improve the health and appearance of their skin and hair, and gummy supplements offer a convenient and enjoyable solution.
These supplements often contain ingredients like vitamins, minerals, and antioxidants known to support skin and hair health, making them attractive options for those looking to enhance their beauty routines. People in Argentina are more concerned for their health and wellbeing since the COVID-19 outbreak.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina gummy market , including forecasts for subscribers. This country databook contains high-level insights into Argentina gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina gummy market size, by product, 2018-2030 (US$M)
Argentina Gummy Market Outlook Share, 2023 & 2030 (US$M)
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