Middle East & Africa Gummy Market Size & Outlook
Middle East & Africa gummy market, 2018-2030 (US$M)
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MEA gummy market highlights
- The MEA gummy market generated a revenue of USD 175.0 million in 2023.
- The 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 175.0 million |
| Market revenue in 2030 | USD 440.0 million |
| Growth rate | 14.1% (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, MEA region accounted for 1.8% 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 |
|---|
Middle East & Africa 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 26.29% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa gummy market is expected to be driven by the emergence of domestic players engaged in the manufacturing of gummies. Market players in the region are focusing on widening their product portfolio and expanding their reach for business growth.
TopGum is expected to utilize this investment to expand its production capacity and strengthen its foothold in the region. Moreover, the proliferation of supermarkets & hypermarkets in the region is a key factor in strengthening market growth.
Transitioning demographics in the region, including the rise of the young and working population, have helped increase the spending on products related to health and wellbeing at these stores.
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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 Middle East & Africa gummy market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA gummy market size, by country, 2018-2030 (US$M)
Middle East & Africa Gummy Market Outlook Share, 2023 & 2030 (US$M)
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