By Michael Stott, Partner, Mathys & Squire LLP12.12.22
Nutraceuticals (dietary supplements, functional foods, and nutritional beverages) continue to grow in popularity among consumers, reflecting a more active approach to wellness management and a shift toward a preventive healthcare paradigm.
The global nutraceutical market is valued at $330.6 billion for 2022 and is projected to reach $441.7 billion by 2026, growing at a rate of 7.8% over the period, according to estimates from Research and Markets.
Not surprisingly, those that enjoyed gummy vitamins as children have retained an affection for them
The global nutraceutical market is valued at $330.6 billion for 2022 and is projected to reach $441.7 billion by 2026, growing at a rate of 7.8% over the period, according to estimates from Research and Markets.
Why Gummies Are Popular and On-Trend
Since starting out as a much-loved gelatinous confectionery, gummies were first employed as a popular oral delivery vehicle for vitamin and mineral supplements for children in the mid-1990s, and primarily in the North American market.Not surprisingly, those that enjoyed gummy vitamins as children have retained an affection for them
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