The Asia-Pacific gummy vitamins market is anticipated to grow significantly at a CAGR of 7.0% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies contributing to the growth of the market over the forecast period. The key aspect that drives the growth of the Asia-Pacific gummy vitamins market is the rising aging population in the key economies of the region such as China, India, and Japan. The older population is more prone to various diseases, hence, requires additional nutrition such as various vitamins for maintaining good health. Hence, this is likely to propel the growth of the market in the region over the forecast period.
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Besides, other major factors that are contributing to the growth of the market include the rapid growth in the healthcare industry in the region, increasing awareness regarding dietary supplements, and their positive impact on the human body. The rise in the incidence and prevalence rate of chronic diseases along with the increasing healthcare cost created significant awareness for the vitamin supplements market. Chronic diseases such as heart disease, cancer, diabetes, stroke, and arthritis have been on the rise, which prompts the need for various vitamin supplements for adults and hence creates a wide scope for the growth of the market over the forecast period.
Market Coverage
- Market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Category and Product Type
- Region Covered- Asia-Pacific
- Competitive Landscape- Pfizer Inc., Bayer AG, Church & Dwight Co. Inc., Reckitt Benckiser Group Plc, and Amway Corp. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from pre-COVID forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Asia-Pacific Gummy Vitamins Market – Segmentation
By Category
- Prenatal
- Kids
- Adults
By Product Type
- Single Vitamin
- Vitamin C
- Vitamin D
- Biotin
- Others
- Multi-Vitamin
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
