Spain Gummy Market Size & Outlook, 2023-2030
Spain gummy market, 2018-2030 (US$M)
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Spain gummy market highlights
- The Spain gummy market generated a revenue of USD 176.9 million in 2023 and is expected to reach USD 460.0 million by 2030.
- The Spain market is expected to grow at a CAGR of 14.6% 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 176.9 million |
| Market revenue in 2030 | USD 460.0 million |
| Growth rate | 14.6% (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, Spain accounted for 1.8% 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 |
|---|
Spain 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 27.25% in 2023. Horizon Databook has segmented the Spain 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.
Vitamins and proteins are expected to become increasingly popular among health-conscious individuals and sports enthusiasts seeking to enhance energy levels and bolster immunity. A study published in July 2019, titled 'Prevalence and patterns of dietary supplement use in elite Spanish athletes,' revealed that approximately 64% of surveyed athletes in Spain consumed dietary supplements.
Notably, proteins emerged as a primary supplement, with 41% of athletes opting for them, followed closely by amino acids/branched-chain amino acid (BCAA) supplements utilized by 37% of users. Gummy supplements fortified with proteins are anticipated to witness heightened consumption among sports personnel in the country, consequently driving market growth in the coming years.
Moreover, the rising demand for organic and vegan products is expected to fuel further the expansion of the gummy supplements market in Spain. For instance, Damel Group S.L., a prominent Spanish confectionery company, has introduced gluten-free vegan gummies, namely Gummy Vegan Sweet and Gummy Vegan Shiny.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain gummy market , including forecasts for subscribers. This country databook contains high-level insights into Spain gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain gummy market size, by product, 2018-2030 (US$M)
Spain Gummy Market Outlook Share, 2023 & 2030 (US$M)
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