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
|
- United States
- Mexico
- Canada
- Brazil
- Chile
- Peru
- Italy
- Argentina
- Spain
- France
|
- United Kingdom
- Germany
- Netherlands
- Belgium
- Russia
- Nordic region
- Poland
- Japan
- India
- South Korea
|
- China
- Malaysia
- Thailand
- Singapore
- Australia
- Gulf Cooperation Council countries
- Indonesia
- New Zealand
- Central Africa
- South Africa
|
Key Market Segments
Covered
|
By Ingredient
Type:
- B Complex
- Vitamin C
- Iron
- Zinc
- Ashwagandha
- Others (B12, D3K2, KSM66)
By Claim:
By Sales Channel:
- Convenience Store
- Modern Trade
- Specialty Store
- Departmental Store
- Drug Stores/Pharmacies
- Online Retailers
- Other Sales Channels
By Flavors:
- Mango
- Strawberry
- Raspberry
- Others (Orange, Lavender)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
|
Key Coverage in
Multivitamin Melt Market Research Report
|
- Consumer Preferences for Multivitamin Melts
in the Dietary Supplement Market
- Market Penetration Strategies for Companies
Offering Multivitamin Melt Formulations
- Market Forecast for Multivitamin Melt
Industry
- Market Share of Multivitamin Melt Brands
- Regional Analysis of Multivitamin Melt
Adoption among Different Demographic Segments
- Market Dynamics Influencing Sales and
Adoption of Multivitamin Melt Products
- Market Research on Taste, Texture, and
Nutritional Content of Multivitamin Melts
- Impact of Health and Wellness Trends on
Multivitamin Melt Market
- Market Analysis of Distribution Channels for
Multivitamin Melt Products
- Market Perception of Efficacy and
Bioavailability of Multivitamin Melts
- Market Trends Driving Innovation in
Multivitamin Melt Formulations and Packaging
- Industry Growth Factors for Nutritional
Supplements
- Multivitamin Effervescent Tablet Market Size
and Trends
- Market Demand for Multivitamin Melts
- Competitive Landscape in Dietary Supplements
Market
- Dietary Supplements Industry Analysis,
including Melts
- Best Multivitamins for Kids in India
2024
- Wellbeing Multivitamins for Babies
- Demand Analysis of Multivitamin Mouth Melting
Strips
- Woman Multivitamins Market Report
|
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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About Future Market Insights (FMI)
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