Press Release

India Vitamin Gummies Market to Reach Around INR 867.72 Crores by 2032, Driven by Rising Health Consciousness Among Indians

India Vitamin Gummies Market

According to a new report by EMR titled, ‘India Vitamin Gummies Market Report and Forecast 2024-2032’, the market attained a value of about INR 76.37 crores in 2023. The market is estimated to grow at a CAGR of 31% in the forecast period of 2024-2032 to reach a value of around INR 867.72 crores by 2032.

Vitamin gummies are helpful for consumers facing problems swallowing pills, especially children. Vitamin gummies are mostly composed of potential nutrients and micronutrients like Vitamin A, Vitamin D, Vitamin C, folate, selenium, and zinc. Such gummies are easy to consume, mostly odourless, and taste better than pills.

 

The growing health consciousness among Indians, especially in tier-1 cities such as Delhi, Mumbai, Bangalore, Chennai, and Kolkata, supports the vitamin gummies market growth. The increasing demand for natural and ayurvedic products has prompted pharmaceutical companies to launch vitamin gummies based on ayurvedic and natural ingredients. The rising importance of preventive healthcare among Indians has led to a significant shift in buying patterns and market behaviour, surging the demand for nutraceutical products, including vitamin gummies.

 

In February 2024, Wedjat Health Solutions launched India's first doctor-formulated gummy vitamin brand, Health etc. The brand offers a range of gummies enriched with natural ingredients, essential vitamins, and minerals. These tasty, chewable gummies provide an enjoyable and efficient solution to address a person's specific nutritional needs.

 

These gummies provide a healthy and guilt-free option as they do not include sugar, gelatin, or genetically modified organisms (GMOs). Recently, the company published its items on Cureka, an online store, and Amazon (NASDAQ: AMZN), a website, in an effort to make the remedies easily accessible to everyone. In the near future, the company is aiming to launch more gummies targeting kids, skin conditions, and diabetes to address specific health issues.

 

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Market Analysis by Categories, End User, Geography, and Distribution Channel:

  • The market, on the basis of categories, can be divided into hair, beauty, energy, and immunity.
  • Based on end user, the market can be bifurcated into adults and kids.
  • The market, on the basis of geography, can be segmented into Tier 1, Tier 2, and Tier 3.
  • The major distribution channels for vitamin gummies include supermarkets and hypermarkets, online and speciality retail channels, and fitness centres and pharmacies, among others.

 

Key Findings of the Report:

  • Increasing incidences of hair loss due to changing lifestyles, unhealthy diets, pollution, and health issues are leading to greater adoption of vitamin gummies for hair care. The growing prevalence of alopecia areata among Indian females, with a rate of 0.252%–0.271%, drives the vitamin gummies market expansion.
  • In 2022, healthcare-related expenditure in Indian households accounted for over Rs 120 billion. By 2025, the government intends to raise this to 2.5% of GDP. As a result, the growing health concern among Indians creates opportunities for vitamin gummies for preventive healthcare.
  • In an effort to encourage new business ventures and investments in the nutraceutical industry, the Food Safety and Standards Authority of India (FSSAI) is set to implement laws for nutraceuticals in India that align with global best practices.
  • Around 38% of the Indian population is vegetarian, and the vegan population is also growing. As a result, vegan-based gummies that are free from animal gelatin, sugar, and artificial flavouring are gaining popularity.

 

Key Offerings of the Report:

  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the categories, end users, geographies, and distribution channels of vitamin gummies.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the India vitamin gummies market are Ikaria Wellness Pvt. Ltd. (Nyumi), Mosaic Wellness Pvt. Ltd. (BeBodywise and Man Matters), Power Gummies (Aesthetic Nutrition Pvt Ltd.), Novus Life Sciences Pvt. Ltd. (Carbamide Forte), Swisse India, Nutritionalab Pvt. Ltd (Wellbeing Nutrition), Axys Nutrition Products Pvt. Ltd (Nutrova), Nutriburst Ltd, beautywise, and Setu Nutrition Private Limited. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Categories
  • End User
  • Geography
  • Distribution Channel
Breakup by Categories
  • Hair
  • Beauty
  • Energy
  • Immunity
Breakup by End User
  • Adults
  • Kids
Breakup by Geography
  • Tier 1 Cities
  • Tier 2 Cities
  • Tier 3 Cities
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Online and Specialty Retail Channels
  • Fitness Centres and Pharmacies
  • Others
Market Dynamics
  • Industry Drivers and Constraints
  • SWOT Analysis 
  • Porter's Five Forces Analysis 
  • Key Indicators for Demand
  • Key Indicators for Price
  • Industry Events, Initiatives, and Trends
  • Value Chain
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Ikaria Wellness Pvt. Ltd. (Nyumi)
  • Mosaic Wellness Pvt. Ltd. (BeBodywise and Man Matters)
  • Power Gummies (Aesthetic Nutrition Pvt Ltd.)
  • Novus Life Sciences Pvt. Ltd. (Carbamide Forte)
  • Swisse India
  • Nutritionalab Pvt. Ltd (Wellbeing Nutrition)
  • Axys Nutrition Products Pvt. Ltd (Nutrova)
  • Nutriburst Ltd
  • beautywise
  • Setu Nutrition Private Limited

 

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