Asia Pacific Gummy Market Size & Outlook, 2023-2030
Asia Pacific gummy market, 2018-2030 (US$M)
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Asia Pacific gummy market highlights
- The Asia Pacific gummy market generated a revenue of USD 3,384.7 million in 2023.
- The market is expected to grow at a CAGR of 14.9% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,384.7 million |
| Market revenue in 2030 | USD 8,949.2 million |
| Growth rate | 14.9% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | CBD/CBN |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 34.8% of the global gummy market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,949.2 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 26.31% in 2023. Horizon Databook has segmented the Asia Pacific 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.
The presence of highly populated countries, such as China and India, along with several untapped markets in Southeast Asia, is expected to support the growth of the gummy market in the region. Gummy supplement brands are launching products catering to different demographic groups to enhance their consumer base.
For instance, in July 2023, Dr. Reddy's Laboratories, a pharmaceutical manufacturer, introduced CeleHealth Kidz Immuno Plus Gummies to the Indian market. This product aims to address the nutritional needs associated with growing concerns about child immunity in India.
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Target buyers of Asia Pacific gummy market databook
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Our clientele includes a mix of gummy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific gummy market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific gummy market size, by country, 2018-2030 (US$M)
Asia Pacific Gummy Market Outlook Share, 2023 & 2030 (US$M)
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