Brazil Gummy Market Size & Outlook, 2023-2030
Brazil gummy market, 2018-2030 (US$M)
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Brazil gummy market highlights
- The Brazil gummy market generated a revenue of USD 193.2 million in 2023 and is expected to reach USD 468.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.5% 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 193.2 million |
| Market revenue in 2030 | USD 468.0 million |
| Growth rate | 13.5% (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, Brazil accounted for 2.0% 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 |
|---|
Brazil 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 25.05% in 2023. Horizon Databook has segmented the Brazil 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.
A rising middle-class population with increasing disposable income is leading to increased demand for health & wellness products in Brazil. In addition, strategies adopted by domestic confectionary brands, such as capacity expansions and product launches to strengthen their presence, are expected to contribute to the growth of the Brazilian market.
For instance, Docile Alimentos Ltda., a Brazil-based confectionary company, announced plans to invest in the modernization of its factories in 2021 on its 30th anniversary. The investment will enable the company to install new production lines for gummy and gelatin candies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil gummy market , including forecasts for subscribers. This country databook contains high-level insights into Brazil gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil gummy market size, by product, 2018-2030 (US$M)
Brazil Gummy Market Outlook Share, 2023 & 2030 (US$M)
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