The multivitamin melt market is thriving as consumers seek convenient solutions for nutrient deficiencies caused by busy lives and processed food. Manufacturers are fueling growth with innovative melts catering to diverse needs, along with a rising focus on preventative healthcare. Explore the market drivers, competitors, and key players' market share in our Sample Report.
NEWARK, Del., April 25, 2024 /PRNewswire/ -- As per a recent research report by Future Market Insights, Inc., a market research and competitive intelligence provider, sales in the global multivitamin melt market are estimated to reach a value of US$ 1,614.7 million by 2034, recording a CAGR of 8.8% over the forecast period.
Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19527
High demand for multivitamin melts is mainly due to consumers lacking essential nutrients amid busy lifestyles and increasing processing of foods. Consumers are easily maintaining dietary gaps by adding multivitamin melts, which is pushing the market.
Manufacturers are constantly investing in product innovations and developments of unique product lines. They are focusing on developing sports nutrition melts, immunity booster melts, sugar-free melts, and vitamin melts to cater to the needs of people from various age groups.
Demand for sugar-free melts is anticipated to rise exponentially through 2034 amid the high prevalence of sugar intolerance. As per a report published in the National Library of Medicine in India, glucose intolerance levels are high among young adults residing in both urban and rural areas. Hence, government agencies are taking several steps to prevent an upcoming public health catastrophe in the country.
The multivitamin melt market is anticipated to witness steady growth in the forecast period. It is mainly attributed to the ongoing development of the healthcare sector worldwide. Modern consumers are looking for new melts that can help maintain their heart health and prevent chronic diseases.
Scope of the Report
Attribute | Details | ||
Estimated Market Value in 2024 | US$ 829.9 million | ||
Market Forecast Value in 2034 | US$ 1,614.7 million | ||
Global Growth Rate (2024 to 2034) | 8.8% CAGR | ||
Forecast Period | 2024 to 2034 | ||
Historical Data Available for | 2019 to 2024 | ||
Market Analysis | Volume (MT) and Value (US$ million) | ||
Key Countries Covered |
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Key Market Segments Covered | By Ingredient Type:
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Key Coverage in Multivitamin Melt Market Research Report |
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Key Takeaways from the Market Study
- The global multivitamin melt industry witnessed steady growth at a CAGR of 7.4% in the historical period from 2019 to 2023.
- The United States multivitamin melt industry is anticipated to reach a valuation of around US$ 327.7 million by 2034.
- India's multivitamin melt industry is anticipated to reach a valuation of around US$ 113.0 million by 2034.
- Germany's multivitamin melt industry is set to attain a valuation of around US$ 184.0 million by 2034.
- Based on ingredient type, the B complex segment is set to account for a share of 62.5% in 2034.
- By flavor, the strawberry segment is anticipated to generate a share of around 48.3% in 2034.
"Increasing demand for non-GMO melts is creating new opportunities for key players. These melts are gaining impetus owing to high prevalence of chronic diseases. Their capability of enhancing the nutritional value of multivitamins is anticipated to spur demand." -says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Competitive Landscape
The global multivitamin melt market is highly competitive. Leading manufacturers are constantly investing in product innovations and the development of novel products. High demand for sports nutrition melts, immunity booster melts, sugar-free melts, and vitamin melts is creating new opportunities for these companies in the market.
For instance,
- In April 2022, Wellbeing Nutrition, based in India, introduced the world's first eye vitamins. The company's latest Melts Eye Care range utilizes innovative nanotechnology to provide vitamins directly into the bloodstream. As compared to conventional tablets & capsules, these products are more bioactive and bioavailable.
Purchase now and gain full access to the Multivitamin Melt Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global multivitamin melt market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the global multivitamin melt market by ingredient type (B complex, vitamin C, iron, zinc, ashwagandha, and others), claim (GMO, non-GMO, and sugar-free), sales channel (modern trade, convenience stores, departmental stores, specialty stores, drug stores/pharmacies, online retailers, and other sales channels), flavor (mango, strawberry, raspberry, and others), and regions.
For more insights on how the growth of the global multivitamin melt market will shape up over the next decade, write to media@futuremarketinsights.com
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations - the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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