Colombia Gummy Market Size & Outlook, 2023-2030
Colombia gummy market, 2018-2030 (US$M)
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Colombia gummy market highlights
- The Colombia gummy market generated a revenue of USD 38.6 million in 2023 and is expected to reach USD 97.2 million by 2030.
- The Colombia market is expected to grow at a CAGR of 14.1% 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 38.6 million |
| Market revenue in 2030 | USD 97.2 million |
| Growth rate | 14.1% (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, Colombia accounted for 0.4% 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 |
|---|
Colombia 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 24.09% in 2023. Horizon Databook has segmented the Colombia 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.
Modern lifestyles characterized by busy schedules, stress, and poor dietary habits result in nutritional gaps in diets. Gummy supplements provide a convenient way to bridge these gaps without requiring significant changes to one's routine.
Moreover, the health and wellness trend and the demand for personalized nutrition have led to the increased consumption of gummy supplements, as manufacturers offer customizable options tailored to consumers' specific needs.
Social media platforms have become powerful tools for promoting health and wellness products. Influencers and celebrities often endorse gummy supplements, sharing their personal experiences and pioneering trends that influence consumer behavior.
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Target buyers of Colombia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia gummy market , including forecasts for subscribers. This country databook contains high-level insights into Colombia gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia gummy market size, by product, 2018-2030 (US$M)
Colombia Gummy Market Outlook Share, 2023 & 2030 (US$M)
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