The India gummy market size is anticipated to reach USD 968.7 billion by 2030, registering a CAGR of 17.4% over the period, according to a new report by Grand View Research, Inc. The Indian market accounted for a share of 3.25% of the global gummy market. The growing consumption of gummies by consumers as part of their preventive healthcare practices to fill nutrient gaps is expected to drive market growth. Gummies infused with minerals such as zinc and calcium are essential for optimal growth and development of the body and, therefore, are expected to witness increasing consumer demand. Gummy supplement brands are launching products catering to different demographic groups to enhance their consumer base in the country. In addition, high disposable income and increase in spending capacity is anticipated to boost market growth. Get deeper insights, latest developments & key market drivers in the India Gummy Market
Product Types Insights
The popularity of vitamin gummies is on the rise as they are similar to gummy candies, which makes them an appealing choice for consumers who prefer a pleasant taste experience when taking their supplements. The growing prevalence of sleep deprivation and insomnia is driving the demand for melatonin gummies in the country, as more consumers struggle to achieve quality sleep, they seek effective methods to improve overall well-being and sleep patterns. The growth of CBD/CBN-based gummy segment can be attributed to the increasing incidence of anxiety, depression, insomnia, etc. among working professionals in the country.
• The vitamin gummy market accounted for a largest share in the country.
Ingredients Insights
Gelatin-based gummies are the most common supplement provided by manufacturers. Factors such as ideal texture, cost-effectiveness, and compatibility with other ingredients drive the demand for gelatin-based gummies. Consumers’ rising awareness of clean-label products and the increasing vegan populace have generated the demand for plant-based gelatin substitutes for utilization in gummies. Plant-based gummies are free of animal-derived ingredients, making them ideal for consumers following a vegan lifestyle.
• Gelatin-based gummies segment accounted for a largest share in the country.
• The demand for gummies made from plant-based gelatin substitutes is expected to grow substantially.
Distribution Channel Insights
Offline channels such as hypermarkets/supermarkets offer an extensive range of products and dedicate a special shelf for gummy supplements from various brands. This, in turn, encourages several consumers to make impulse purchases and try different kinds of supplements. The growing demand for gummy supplements through e-commerce or online channels can be attributed to the wide availability of multiple gummy supplement brands. Moreover, these channels frequently implement dynamic pricing strategies and discounts to drive sales.
• Offline sales of gummies accounted for a largest share in the country.
• The online sales of gummies in India are expected to grow substantially.
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Key questions answered in this report
• How big is the market?
• What is the market growth?
• Which segment accounted for the largest share of the market?
• Who are the key players in the market?
• What are the factors driving the mar