Multivitamin Melt Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
The Multivitamin Melt Market Size accounted for USD 768.8 Million in 2023 and is estimated to achieve a market size of USD 1,642.6 Million by 2032 growing at a CAGR of 8.9% from 2024 to 2032.
Multivitamin Melt Market Highlights
- Global multivitamin melt market revenue is poised to garner USD 1,642.6 million by 2032 with a CAGR of 8.9% from 2024 to 2032
- North America multivitamin melt market value occupied around USD 255.2 million in 2023
- Asia-Pacific multivitamin melt market growth will record a CAGR of more than 10% from 2024 to 2032
- Among ingredient type, the B complex sub-segment generated 60% of the market share in 2023
- Based on flavors, the strawberry sub-segment generated around 46% market share in 2023
- Growing nutritional value among consumers is the multivitamin melt market trend that fuels the industry demand
Multivitamin melts are oral supplements typically formulated as quick-dissolving tablets or strips that deliver a combination of essential vitamins and minerals. They're designed to rapidly dissolve in the mouth without the need for water, making them convenient for those who have difficulty swallowing medicine. These supplements provide a convenient way to support overall health and fill potential nutrient gaps in the diet. They can be particularly beneficial for individuals with busy lifestyles, the elderly, or those with specific dietary restrictions.
Global Multivitamin Melt Market Dynamics
Market Drivers
- Innovations in products
- Growing awareness for personalized nutrition
- Rising preference for convenient health solution
Market Restraints
- Lack of awareness in remote areas
- Consumer uncertainty about their effectiveness
- Concern about risk of excessive vitamin intake
Market Opportunities
- Growing consumption of junk food creates the need for vitamin supplements
- Advancements in delivery options like gummies and liquids
- Focus on preventive healthcare
Multivitamin Melt Market Report Coverage
| Market | Multivitamin Melt Market |
| Multivitamin Melt Market Size 2022 | USD 768.8 Billion |
| Multivitamin Melt Market Forecast 2032 |
USD 1,642.6 Billion |
| Multivitamin Melt Market CAGR During 2024 - 2032 | 8.9% |
| Multivitamin Melt Market Analysis Period | 2020 - 2032 |
| Multivitamin Melt Market Base Year |
2022 |
| Multivitamin Melt Market Forecast Data | 2024 - 2032 |
| Segments Covered | By Ingredient Type, By Flavors, By Sales Channel, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Taura Natural Ingredients Ltd., SmartyPants Vitamins, Nutritionalab Private Limited, Viva 5 Corporation, Wellbeing Nutrition, Wellnext Health, Nutrameltz, Taura Natural Ingredients Ltd., Aavishkar Oral Strips Pvt Ltd, Olly Public Benefit Corporation, Life Science Nutritionals, BAYER AG, Solara Labs, Church & Dwight Co. Inc., Nowamyl, and Pharmavite. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Multivitamin Melt Market Insights
The rising awareness of personalized nutrition is driving the growth of the multivitamin melt market in the forecast year. As urbanization accelerates, concerns about pollution increase. With this rise in concerns, people have started focusing on their health and wellness. Tablets like multivitamin melts provide a convenient solution for individuals seeking to maintain their health in the face of environmental challenges. Additionally, personalized nutrition is an emerging trend in North America. For example, consumers in North America are increasingly drawn towards personalized nutrition offerings. Forty-six percent of Americans express a desire for increased personalized guidance and solutions to enhance their health, while 55% of Canadians express interest in dietary regimens derived from DNA analysis. Furthermore, personalized nutrition involves nutritional advice based on various science-based estimations, conducted through wearable devices, surveys, and tasting kits to detect DNA, microbiome, and blood biomarkers. Overall, the growing awareness of personalized nutrition significantly increases demand for the multivitamin melt market in the coming years.
However, a lack of awareness in remote areas hampers the growth of the multivitamin melt market in the forecast year. Multivitamin melts are a source of vitamins essential for individuals seeking to maintain their health and wellness. In remote areas, there is limited access to healthcare infrastructure, hindering access to information about these new vitamin sources. Moreover, barriers related to distribution channels and transportation further impede market growth. Overall, this lack of awareness may pose challenges for companies in reaching consumers with information about the benefits of multivitamin melts and nutrition knowledge.
The growing consumption of junk food necessitates the need for vitamin supplements, creating an opportunity for the multivitamin melt market. With increasing modern urbanization, there is a rising preference for junk food and fast food due to people's busy lifestyles. Seeking food that is easily available and quickly prepared, people turn to junk food, leading to various health issues such as heart-related problems, type 2 diabetes, osteoporosis, obesity, eating disorders, and depression. This underscores the need for supplements like multivitamins and healthy diets, presenting an opportunity for the market in the forecast year.
Multivitamin Melt Market Segmentation
The worldwide market for multivitamin melt is split based on ingredient type, flavors, sales channel, and geography.
Multivitamin Melt Ingredient Types
- B Complex
- Vitamin C
- Iron
- Zinc
- Ashwagandha
- Others (B12, D3K2, KSM66)
As per the multivitamin melts industry analysis, the B complex ingredient type dominates the market. These formulations typically include a variety of B vitamins such as B1 (thiamine), B2 (riboflavin), B3 (niacin), B5 (pantothenic acid), B6 (pyridoxine), B7 (biotin), B9 (folic acid), and B12 (cobalamin). B-complex vitamins are essential for energy metabolism, nervous system health, and overall well-being. Additionally, B-complex vitamins help minimize the risk of birth defects in pregnant women, especially vitamins B6, B9, and B12, which are important nutritional factors during pregnancy. Due to their rapid absorption and convenience, B-complex vitamins are effective nutritional supplements for consumers.
Multivitamin Melt Flavors
- Mango
- Strawberry
- Raspberry
- Others (Orange, Lavender)
The strawberry segment is the largest flavor category in the multivitamin melt market and is expected to continue growing within the industry. Strawberry flavor offers a refreshing essence, pleasant smell, stability, and better taste, making it a popular choice for easy medical nutrition for newborns and sports nutrition. Strawberry flavor involves minimal processing and provides a rich source of magnesium, calcium, potassium, folate, and iron. Consequently, due to the adaptability and convenience of strawberry flavor, it dominates the market in the forecast year.
Multivitamin Melt Sales Channel
- Convenience Store
- Modern Trade
- Specialty Store
- Departmental Store
- Drug Stores/Pharmacies
- Online Retailers
- Other Sales Channels
According to the multivitamin melt market forecast, the drug store/pharmacy sales channel is expected to dominate throughout 2024 to 2032. Multivitamin tablets in drug stores/pharmacies are prominently displayed on counter platforms, significantly contributing to the sales of multivitamin melt supplements. Moreover, doctor recommendations and prescriptions for multivitamins drive the growth of this sales channel. Additionally, online retailers represent the fastest-growing segment in the multivitamin melts market. This growth is attributed to the widespread use of social media for fitness and health purposes. Online retailers leverage descriptions, photos, and videos of tablets, and consumer reviews serve as a significant growth factor for this segment.
Multivitamin Melt Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Multivitamin Melt Market Regional Analysis
For several reasons, North America is the largest region in the multivitamin melt market. This growth is attributed to the growing awareness of personalized nutrition in the countries like U.S., Canada, and Mexico. This region contains the presence of robust key players that focus on the research and development of dietary supplements like multivitamins driving the growth in this region. For instance, NewAge launched Nutrifii Kids chewable multivitamins on 6 May 2021. It’s a multivitamin, especially for children. Additionally, the region’s strong healthcare infrastructure further boosts the demand for multivitamins melt market. Due to the strong healthcare infrastructure, there is the presence of well-set setup transportation that delivers multivitamin supplements to consumers further contributes to the market demand. Furthermore, rising preference for convenient health solutions and advancements in delivery options like gummies and liquids due to the well-developed healthcare sector in North America maintain its dominance in the multivitamin melt market.
Asia-Pacific is the fastest-growing region in the multivitamin melt market. This growth is attributed to several factors. The region's growing healthcare sector boosts the demand for multivitamin melt in countries like China, India, Japan, South Korea, and Australia. The presence of a robust number of key players further contributes to the market growth through their research and development activities. For instance, Wellbeing Nutrition introduced its first eye vitamin in April 2022. To provide vitamins directly to Bloodstram Wellbeing Nutrition company developed innovative nanotechnology. Moreover, advancements in the technology in dietary supplements by the robust key players propel the growth of the market in the Asian region. For instance, to introduce the world’s first plant-based melts for kids under the Oral Thin Strips Portfolio, Wellbeing Nutrition joined hands with Disney. As a result, the growing focus on health and well-being and healthy nutrition further prompted the market growth in this region.
Multivitamin Melt Market Players
Some of the top multivitamin melt companies offered in our report includes Taura Natural Ingredients Ltd., SmartyPants Vitamins, Nutritionalab Private Limited, Viva 5 Corporation, Wellbeing Nutrition, Wellnext Health, Nutrameltz, Taura Natural Ingredients Ltd., Aavishkar Oral Strips Pvt Ltd, Olly Public Benefit Corporation, Life Science Nutritionals, BAYER AG, Solara Labs, Church & Dwight Co. Inc., Nowamyl, and Pharmavite.
Frequently Asked Questions
How big is the multivitamin melt market?
The multivitamin melt market size was valued at USD 768.8 million in 2023.
What is the CAGR of the global multivitamin melt market from 2024 to 2032?
The CAGR of multivitamin melt is 8.9% during the analysis period of 2024 to 2032.
Which are the key players in the multivitamin melt market?
The key players operating in the global market are including Taura Natural Ingredients Ltd., SmartyPants Vitamins, Nutritionalab Private Limited, Viva 5 Corporation, Wellbeing Nutrition, Wellnext Health, Nutrameltz, Taura Natural Ingredients Ltd., Aavishkar Oral Strips Pvt Ltd, Olly Public Benefit Corporation, Life Science Nutritionals, BAYER AG, Solara Labs, Church & Dwight Co. Inc., Nowamyl, and Pharmavite
Which region dominated the global multivitamin melt market share?
North America held the dominating position in multivitamin melt industry during the analysis period of 2024 to 2032.
Which region registered fastest CAGR from 2024 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of multivitamin melt during the analysis period of 2024 to 2032.
What are the current trends and dynamics in the global multivitamin melt industry?
The current trends and dynamics in the multivitamin melt industry include innovations in products, growing awareness for personalized nutrition, and rising preference for convenient health solution.
Which Flavors held the maximum share in 2023?
The strawberry flavors held the maximum share of the multivitamin melt industry.
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