Global citrus gummies market is expected to be valued at US$ 194 million in 2023 and to reach a valuation of US$ 304.1 million by 2033. The demand for citrus gummies is estimated to grow at a steady 5% CAGR.
The global citrus gummies market is driven by several factors, with increasing prevalence of communicable diseases being a key one. The growing incidence of communicable diseases, such as colds, flu, and other viral infections, weakens the immune system, and this is why citrus gummies are in high demand. These gummies are known to boost immunity and help in maintaining overall health, making them popular among consumers looking to improve their immune system and ward off diseases.
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The growing popularity of veganism is also driving the demand for citrus gummies that are free from animal products. As more people adopt vegan lifestyles, manufacturers are responding by using plant-based ingredients and labeling their products as vegan-friendly.
In addition, consumers are more aware of the ingredients in the food products they consume and are seeking clean label products. Citrus gummies are perceived as healthier alternatives to traditional supplements, as they are made from natural ingredients and are largely free of harmful chemicals. This growing consumer focus on clean label products is driving the demand for citrus gummies.
Finally, the expanding distribution channels are driving the adoption and growth of conventional citrus gummies in the global market. These gummies are now available through various distribution channels, such as supermarkets, online platforms, and drug stores, making them easily accessible to consumers. This increased availability is expected to drive their adoption and growth in the global market.
Overconsumption of citrus gummies can lead to side effects such as vomiting, diarrhea, and dehydration. These side effects tend to be more severe among children, necessitating guardians to monitor their consumption.
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Citrus gummies that are gluten-free, dairy-free, and allergen-free tend to be more expensive to produce due to the limited availability of raw materials. This can result in higher prices for consumers and narrow the profit margins for manufacturers.
Citrus gummies typically contain high levels of sugar, which can be a concern for consumers, particularly those with diabetes or other health conditions that require them to limit their sugar intake. The high sugar content of citrus gummies can also contribute to tooth decay and other health problems.
Key Takeaways
- North America is expected to remain a prominent region in the market, driven by the high incidence of autoimmune diseases and subsequent demand for nutritious food products.
- Organic citrus gummies are expected to be a flourishing trend, with more market players expanding their product portfolios and production capacities to facilitate production of organic citrus gummies.
- Durable and attractive packaging is considered a crucial factor influencing consumer behavior while purchasing, and manufacturers are focusing on attractive designs to grab consumer attention.
- Restraints of the market include the high sugar content of citrus gummies, which may restrict adoption among diabetic patients, and the high cost of production associated with gluten-free, dairy-free, and allergen-free citrus gummies.
- The expanding distribution channels, such as supermarkets, online platforms, and drug stores, are driving the adoption and growth of citrus gummies in the global market.
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Competitive Landscape
The competitive landscape of the citrus gummies market is highly fragmented, with a large number of small and large players operating in the market. Some of the key players in the market include Pfizer Inc., Bayer AG, The Honest Company, Inc., Zanon Vitamec, Nutritional Brands, and Life Science Nutritionals, among others.
The market is witnessing significant investments from both established players and start-ups in R&D activities, product innovation, and expanding their geographical footprint.
Several start-ups are also emerging in the market, with a focus on developing unique and innovative products to cater to the evolving needs of consumers. Some of the notable start-ups in the citrus gummies market include OLLY, SmartyPants Vitamins, and Sundown Naturals, among others.
Overall, the market is highly competitive, and players are focusing on product differentiation, innovation, and expanding their distribution channels to gain a competitive edge.
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Key Segments
Nature:
- Organic
- Conventional
Customer Orientation:
- Children
- Adult
Packaging:
- Bottles & Jars
- Stand-Up Pouches
- Others
Sales Channel:
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Store
- Specialty Store
- Drug Store/Pharmacies
- Online Retailers
- Other Sales Channels
Region:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific except Japan (APEJ)
- Middle East and Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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