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.