Mexico Gummy Market Size & Outlook, 2023-2030
Mexico gummy market, 2018-2030 (US$M)
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Mexico gummy market highlights
- The Mexico gummy market generated a revenue of USD 44.6 million in 2023 and is expected to reach USD 106.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 13.3% 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 44.6 million |
| Market revenue in 2030 | USD 106.9 million |
| Growth rate | 13.3% (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, Mexico accounted for 0.5% 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 North America, U.S. gummy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 652.4 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 23.77% in 2023. Horizon Databook has segmented the Mexico 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.
According to the National Population is expected to increase the demand for supplements from older adults to address concerns related to joint health and heart health. Gummies are easily chewable for the senior population. Thus, the rise in the senior population in the country is expected to fuel the demand for adult gummies in the market.
Manufacturers are constantly developing new gummy supplements with a wider range of nutrients and functionalities, targeting specific health needs like immunity, hair and skin health, and joint support. This variety caters to the growing demand for personalized wellness solutions.
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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 Mexico gummy market , including forecasts for subscribers. This country databook contains high-level insights into Mexico gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico gummy market size, by product, 2018-2030 (US$M)
Mexico Gummy Market Outlook Share, 2023 & 2030 (US$M)
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