U.S. Gummy Market Size & Outlook, 2023-2030
U.S. gummy market, 2018-2030 (US$M)
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U.S. gummy market highlights
- The U.S. gummy market generated a revenue of USD 3,121.2 million in 2023 and is expected to reach USD 6,710.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.6% 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 3,121.2 million |
| Market revenue in 2030 | USD 6,710.9 million |
| Growth rate | 11.6% (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, U.S. accounted for 32.1% 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 |
|---|
U.S. 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 26.01% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is witnessing a growing demand for products infused with botanical extracts due to their perceived safety compared to chemically synthesized ingredients. Consequently, market players are increasingly incorporating herbal extracts into their gummies to appeal to consumers.
According to a 2023 survey conducted by Catalent Consumer Health in collaboration with consumer insights and data company Numerator, tablets and capsules are considered convenient but they lack a satisfactory experience for many shoppers.
On the other hand, among gummies, soft chews, and tablets, shoppers are most inclined to spend on gummies, with 62% and 63% of lapsed and current buyers, respectively, expressing a high willingness to invest. Similarly, the willingness to spend on soft chews stands at 44% and 46%, while for tablets, it is just 6% and 10%.
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Target buyers of U.S. 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 country-level data and insights on the U.S. gummy market , including forecasts for subscribers. This country databook contains high-level insights into U.S. gummy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. gummy market size, by product, 2018-2030 (US$M)
U.S. Gummy Market Outlook Share, 2023 & 2030 (US$M)
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