South Africa Gummy Market Size & Outlook, 2023-2030
South Africa gummy market, 2018-2030 (US$M)
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South Africa gummy market highlights
- The South Africa gummy market generated a revenue of USD 48.8 million in 2023 and is expected to reach USD 122.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14% 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 48.8 million |
| Market revenue in 2030 | USD 122.4 million |
| Growth rate | 14% (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, South Africa 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 Middle East & Africa, South Africa gummy market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 104.0 million by 2030.
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Gummy Market Scope
Gummy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 26.02% in 2023. Horizon Databook has segmented the South 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.
Rising awareness among the South African population regarding the health benefits of dietary supplements is expected to drive the demand for gummy supplements infused with various nutrients. Dietary supplements in gummy form are offered in attractive colors and shapes, which is expected to increase their consumption and demand.
Rickets are also prevalent in the country due to high melanin levels in the population, which reduces vitamin D absorption and leads to its deficiency and the weakening of bones. These factors are expected to encourage manufacturers and suppliers of gummy supplements to target prospective consumers with specific nutrient deficiencies in the country.
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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 country-level data and insights on the South Africa gummy market , including forecasts for subscribers. This country databook contains high-level insights into South Africa gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa gummy market size, by product, 2018-2030 (US$M)
South Africa Gummy Market Outlook Share, 2023 & 2030 (US$M)
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