India Gummy Market Size & Outlook, 2023-2030
India gummy market, 2018-2030 (US$M)
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India gummy market highlights
- The India gummy market generated a revenue of USD 316.2 million in 2023 and is expected to reach USD 968.8 million by 2030.
- The India market is expected to grow at a CAGR of 17.3% 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 316.2 million |
| Market revenue in 2030 | USD 968.8 million |
| Growth rate | 17.3% (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, India accounted for 3.3% 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 Asia Pacific, China gummy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 968.8 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 24.73% in 2023. Horizon Databook has segmented the India 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 prevalence of diseases resulting from nutritional deficiencies in India is expected to fuel the demand for gummy supplements. Malnourishment leads to poor growth and development of the body and results in weak immunity and proneness to diseases such as anemia and digestive disorders in humans.
It is anticipated that efforts under this program will lead to gradual improvements in undernourishment indicators over time. The kids segment of the gummy market in India is projected to grow significantly in the near future with increasing demand for confectionery-based supplements.
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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 India gummy market , including forecasts for subscribers. This country databook contains high-level insights into India gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India gummy market size, by product, 2018-2030 (US$M)
India Gummy Market Outlook Share, 2023 & 2030 (US$M)
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