Italy Gummy Market Size & Outlook, 2023-2030
Italy gummy market, 2018-2030 (US$M)
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Italy gummy market highlights
- The Italy gummy market generated a revenue of USD 208.7 million in 2023 and is expected to reach USD 459.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 11.9% 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 208.7 million |
| Market revenue in 2030 | USD 459.6 million |
| Growth rate | 11.9% (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, Italy accounted for 2.1% 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 |
|---|
Italy 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 25.2% in 2023. Horizon Databook has segmented the Italy 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.
Excessive consumption of sugar and gelatin-based gummies poses health risks, including elevated blood sugar levels and tooth decay. Consequently, consumers are increasingly seeking safer and healthier alternatives that avoid these ingredients. For example, Pastiglie Leone, an Italian candy company, addresses this demand with their Leonsnella sugar-free gummy sweets.
These candies are crafted from mannitol instead of high-calorie sugar and utilize Arabic gum, a vegetable fiber, eliminating the need for gelatin. According to the Institute for Health Metrics and Evaluation, dietary risks rank 5th among the top 10 factors contributing to mortality and disability in Italy.
This underscores the importance of healthier dietary choices. Consequently, there's a growing demand for gummy supplements enriched with essential nutrients like vitamins and omega-3 fatty acids, which can help mitigate diet-related diseases such as diabetes and cardiovascular issues.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy gummy market , including forecasts for subscribers. This country databook contains high-level insights into Italy gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy gummy market size, by product, 2018-2030 (US$M)
Italy Gummy Market Outlook Share, 2023 & 2030 (US$M)
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