Germany Gummy Market Size & Outlook, 2023-2030
Germany gummy market, 2018-2030 (US$M)
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Germany gummy market highlights
- The Germany gummy market generated a revenue of USD 421.3 million in 2023 and is expected to reach USD 899.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.4% 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 421.3 million |
| Market revenue in 2030 | USD 899.7 million |
| Growth rate | 11.4% (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, Germany accounted for 4.3% 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 Europe, Germany gummy market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 460.0 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 23.83% in 2023. Horizon Databook has segmented the Germany 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.
Germany has been witnessing a steady rise in its elderly population, driven by longer life expectancy and declining birth rates. This demographic shift has led to a surge in demand for health supplements aimed at preventing chronic ailments such as heart disease and joint issues among seniors.
Soft and easily chewable gummies, fortified with nutrients like omega-3 for heart health and calcium and vitamins for bone strength, are emerging as a popular solution for this demographic. Furthermore, the increasing availability of gummies offering beauty and personal care benefits is anticipated to drive consumption among adults seeking solutions in these areas.
The increasing emphasis on skincare and overall well-being has led to a growing concern among individuals for the health and appearance of their skin. Influenced by societal beauty standards, environmental factors, and a culture of self-care, people are seeking holistic approaches to address skin-related concerns.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany gummy market , including forecasts for subscribers. This country databook contains high-level insights into Germany gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany gummy market size, by product, 2018-2030 (US$M)
Germany Gummy Market Outlook Share, 2023 & 2030 (US$M)
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