Europe Gummy Market Size & Outlook, 2023-2030
Europe gummy market, 2018-2030 (US$M)
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Europe gummy market highlights
- The Europe gummy market generated a revenue of USD 2,287.3 million in 2023.
- The market is expected to grow at a CAGR of 12.5% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,287.3 million |
| Market revenue in 2030 | USD 5,232.9 million |
| Growth rate | 12.5% (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, Europe region accounted for 23.5% 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 |
|---|
Europe 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 24.92% in 2023. Horizon Databook has segmented the Europe 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 emphasis on preventive healthcare in Europe, leading to an increased demand for dietary supplements, including gummy supplements, among health-conscious consumers. A wide variety of gummy supplements are available in the European market: gummies fortified with omega fatty acids that can improve heart health and prevent cardiovascular diseases, as well as gummies infused with botanical extracts
The market is witnessing various product innovations, and there is a significant demand for plant-based gummy supplements, reflecting the evolving preferences of European consumers. Type-2 diabetes has a high prevalence in European countries. Low-calorie or low-sugar gummies that can help prevent obesity and diabetes are expected to gain popularity.
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Our clientele includes a mix of gummy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gummy market , including forecasts for subscribers. This continent databook contains high-level insights into Europe gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe gummy market size, by country, 2018-2030 (US$M)
Europe Gummy Market Outlook Share, 2023 & 2030 (US$M)
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