North America Gummy Market Size & Outlook, 2023-2030
North America gummy market, 2018-2030 (US$M)
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North America gummy market highlights
- The North America gummy market generated a revenue of USD 3,409.9 million in 2023.
- The 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,409.9 million |
| Market revenue in 2030 | USD 7,470.2 million |
| Growth rate | 11.9% (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, North America region accounted for 35.1% 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 |
|---|
North America 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 25.97% in 2023. Horizon Databook has segmented the North America 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 growth of the North American gummy market is driven by the rising awareness of dietary supplements and the subsequent increase in expenditure on health and wellness items. Gummy supplements are increasingly popular due to their convenience and pleasant taste, especially among adults who find swallowing pills difficult or dislike the flavor of traditional supplements.
Moreover, manufacturers are increasingly tailoring gummy supplements to target specific demographics or address certain health concerns. Whether it is multivitamins for adults, prenatal vitamins for expectant mothers, or supplements targeting joint health or stress relief, this targeted approach resonates well with adults seeking personalized solutions for their unique health needs.
For instance, in August 2023, Wiley's Finest launched a new line of plant-based omega-3 gummy supplements to meet the growing demand for such products. The gummies combine Ahiflower oil, which is an alternative to flax oil and contains various fatty acids, with a microalgae-derived DHA oil called Algarithm. These gummies are suitable for children and adults, with a focus on taste and texture.
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Target buyers of North America gummy market databook
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Our clientele includes a mix of gummy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America gummy market , including forecasts for subscribers. This continent databook contains high-level insights into North America gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America gummy market size, by country, 2018-2030 (US$M)
North America Gummy Market Outlook Share, 2023 & 2030 (US$M)
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