Multivitamin Melt Market by Top Manufacturers with Production, Price, Revenue (value) and Market Share to 2034
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.
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.
Information Source:
https://www.futuremarketinsights.com/reports/multivitamin-melt-market
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.
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.
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