MEA Gummy Supplements Market
No. of Pages: 130 | Report Code: BMIRE00025674 | Category: Consumer Goods
No. of Pages: 130 | Report Code: BMIRE00025674 | Category: Consumer Goods
The rising popularity of plant-based supplements is the major factor responsible for the growth of the gummy supplements market in the MEA region. Veganism as a lifestyle is growing in terms of visibility and popularity. The growth has been evident in the rise in the meat alternatives market and growth in the vegan products market. Gummy supplements are generally made from gelatin. Gelatin is a protein obtained by boiling bones, ligaments, tendons, and/or skin with water. It is usually sourced from pigs or cows.
Additionally, the raw material for gelatin is sourced from waste products in the food processing industry. There are general concerns regarding the safety of gelatin as it is derived from animal sources. The vegan and vegetarian population have reservations about consuming gummy supplements made from gelatin. As the vegan lifestyle is becoming increasingly popular, the demand for plant-based supplements is also growing. Therefore, the demand for plant-based gummy supplements is increasing, providing lucrative opportunities in the market for product differentiation.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA gummy supplements market at a good CAGR during the forecast period.
The MEA gummy supplements market is analyzed on the basis of type, end user, distribution channel, and country. Based on type, the market is segmented into digestive health, immune health, brain health, skin health, multivitamins, single vitamin, and others. The others segment held the largest market share in 2020. Based on end user, the market is bifurcated into adults and kids. The adults segment held the largest market share in 2020. Based on distribution channels, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2020.
Based on country, the MEA gummy supplements market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of the MEA.
Bayer AG; Church & Dwight, Inc.; Herbaland Naturals Inc.; Jarrow Formula, Inc.; Nature’s Way Products LLC; and The Clorox Company are the leading companies in the gummy supplements market in this region.
Strategic insights for the MEA Gummy Supplements provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 487.55 Million |
| Market Size by 2028 | US$ 828.82 Million |
| Global CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
|
The geographic scope of the MEA Gummy Supplements refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA Gummy Supplements Market is valued at US$ 487.55 Million in 2021, it is projected to reach US$ 828.82 Million by 2028.
As per our report MEA Gummy Supplements Market, the market size is valued at US$ 487.55 Million in 2021, projecting it to reach US$ 828.82 Million by 2028. This translates to a CAGR of approximately 7.9% during the forecast period.
The MEA Gummy Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the MEA Gummy Supplements Market report:
The MEA Gummy Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The MEA Gummy Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the MEA Gummy Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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