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India’s Gummy Market: Size, Share, and Emerging Opportunities

The India gummy market size was estimated at USD 316.2 million in 2023 and is expected to grow at a CAGR of 17.4% from 2024 to 2030. The growing consumption of gummies by consumers as part of their preventive healthcare practices to fill nutrient gaps is expected to drive market growth during the forecast period. Gummy supplement brands are launching products catering to different demographic groups to enhance their consumer base in the country. Furthermore, increasing awareness regarding wellness since the outbreak of COVID-19 in the country has boosted the demand for gummy-based supplements. In addition, high disposable income and increase in spending capacity is anticipated to boost market growth.

Market Concentration & Characteristics

The India gummy industry is characterized by high degree of innovation, with businesses continuously focusing on differentiating themselves through unique experiences and offerings. Leading market players are channeling their efforts toward effective promotion and marketing activities to expand the consumer base. Similarly, gummy manufacturers are focusing on the development of new technologies and utilizing advanced methods to manufacture cost-effective products. Manufacturers are focusing on understanding consumer patterns to serve the changing demands of the millennial population. Players are making efforts in product development that can allow consumers to cherish the taste and texture of gummies without compromising health conditions.

Market players are entering partnerships, agreements, joint ventures, and mergers & acquisitions with supplement manufacturers, retail brands, and distributors to strengthen their market shares and expand their geographical reach. For instance, in April 2023, TopGum announced the acquisition of R&D specialist PharmItBe to leverage PharmItBe’s comprehensive research laboratories and advance the production of gummies. Moreover, in October 2022, Bloomios, Inc., a leading private label and white label manufacturer and wholesaler of hemp-derived cosmetics, nutraceuticals, and pet products, announced the acquisition of Infusionz, a leading gummy manufacturer.

Recent Developments

In June 2023, Nature's Bounty launched Sleep3 Gummies that incorporate L-theanine, time-release melatonin, and quick-release melatonin, all conveniently packaged in a gummy format. This innovative product is designed to prepare the body for a restful night's sleep and encourages sustained sleep for adults with occasional sleeplessness.

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the India gummy market report based on product, ingredient, end-use, and distribution channel:

Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Vitamins
  • Minerals
  • Carbohydrates
  • Omega Fatty Acids
  • Proteins & Amino Acids
  • Probiotics & Prebiotics
  • Dietary Fibers
  • CBD/CBN
  • Psylocybin/Psychedelic Mushroom
  • Melotonin
  • Others

Ingredient Outlook (Revenue, USD Million, 2018 - 2030)

  • Gelatin
  • Plant-based Gelatin Substitute

End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Adult
  • Kids

Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Offline
  • Online

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

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Email: sales@grandviewresearch.com

Web: grandviewresearch.com

 

#GummyMarket #IndiaGummies #Nutraceuticals #SupplementIndustry #FMCGIndia #HealthSupplements #EdibleSupplements #GummySupplements

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