Gummies Market in India, Competition, Forecast and Opportunities, 2020-2030F

Indian Gummies Market

Dublin, July 05, 2024 (GLOBE NEWSWIRE) — The “Gummies India Market, By Region, Competition, Forecast and Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s The offer of

The Gummies market in India was valued at USD 321.54 million in 2024 and is projected to project impressive growth over the forecast period at a CAGR of 7.08% until 2030

The Gummies market in India is experiencing robust growth driven by several key factors. Changing consumer preferences towards healthier and more convenient snack options are fueling demand for chewing gum as a tasty and portable alternative to traditional sweets. Increasing health awareness among consumers, especially millennials and Gen Z, is driving a shift toward functional gums fortified with vitamins, minerals and plant extracts, offering added health benefits.

Expanding urban populations, rising disposable incomes, and the growing influence of Western dietary trends are contributing to the popularity of gum as a guilt-free indulgence and on-the-go snack option. Aggressive marketing strategies, innovative product formulations and expansion of distribution channels are driving market penetration and consumer awareness, further stimulating market growth.

With increasing demand for healthier and more satisfying snacks, the Gummies Market in India is expected to continue its upward trajectory in the coming years, presenting significant opportunities for manufacturers and retailers in the food and beverage industry.

Key market trends

Urban Population Expansion

India’s rapid urbanization is another important driver shaping the Gummies market. As more people migrate to urban areas in search of better opportunities and lifestyles, there is a corresponding increase in demand for convenient, on-the-go options. Gummies, with their portability, long shelf life and easy consumption, are well suited to meet the needs of urban consumers who lead busy, fast-paced lives.

Urbanization brings changes in dietary habits and preferences, with consumers increasingly attracted to Western-style foods and comfort foods. Gummies, with their appealing flavors, textures and fun shapes, resonate with urban consumers looking for new and enjoyable food experiences. Consequently, manufacturers are targeting urban markets with tailored marketing campaigns and product offerings to capitalize on this trend and expand their market share.

Innovation in product formulations

Innovation in product formulations is driving growth and differentiation in the India Gummies Market. Manufacturers are experimenting with a wide range of ingredients, flavors and textures to create unique gum formulations that meet different consumer preferences. Beyond traditional fruit flavors, gummies now come in a variety of exotic and new flavors such as mango, lychee and passion fruit, appealing to adventurous palates. There is a growing demand for chewing gum made with natural ingredients, free of artificial colors, flavors and preservatives, reflecting consumer preferences for clean label products.

The story continues

Manufacturers are exploring functional ingredients such as collagen, probiotics and adaptogens to add health benefits to the gums, capitalizing on the growing trend of functional food. This emphasis on product innovation and differentiation allows brands to stand out in a crowded marketplace and capture the attention of discerning consumers.

Main attributes:

Major market players

• Power Gummies (Aesthetic Nutrition Pvt Ltd)

• Hindustan Unilever Limited

• Azveston Healthcare Pvt. Ltd.

• Marico Ltd.

• Solistaa Pharmaceuticals Private Limited (Amway)

• IM Healthcare Pvt. Ltd.

• Abbott India Ltd.

• Mankind Pharma Ltd.

• Purna Gummies Pvt. Ltd.

• Nutricore Biosciences Pvt. Ltd.

Scope of report:

Gummies Market in India, by Type:

• Nutricosmetics

• Nutraceuticals

India Gummies Market, From Source:

India Gummies Market, by Distribution Channel:

Gummies market in India, by packaging:

Gummies Market in India, by End User:

Gummies Market in India, by Region:

For more information about this report, visit https://www.researchandmarkets.com/r/1yfun3

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