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Growth of Gummy Market Estimated at CAGR of 6.1% During Forecast Period, says TMR Study

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The gummy market is expected to exceed the valuation of US$ 6.7 Bn by 2031, finds a TMR study. The popularity of gummies among individuals of all age groups is a key factor fueling the gummy market. Rise in disposable income and development of the health & wellness segment in developing economies have led to a spurt in the demand for gummies.

Product innovations that are aimed at children such as gummy cola bottles, sour gummy, and jumbo gum drops are creating ample opportunities in the gummy market. Manufacturers are boosting the production of gummies made with natural fruit juice and color derived from natural sources to serve changing preferences of new-age consumers. Manufacturers are increasing the availability of products certified by the United States Department of Agriculture (USDA) to gain competitive advantage.

North America is anticipated to hold a leading share of the gummy market in the upcoming years. Manufacturers in the gummy market of the region are aggressively engaging in R&D with the rising awareness for market-tested products. Manufacturers also obtain insights for most searched gummy supplements on Internet search engines to serve vast sales of nutritional supplements via eCommerce.

Alternative approach of startups in the North America gummy market is promising for the growth of the market in the region. Startups in the region are aiming at serving minimum viable product (MVP) customers with nutraceutical ingredients in products. The launch of products that are FDA and FTC compliant is helping manufacturers in the gummy market of the region to boost their credibility credentials.

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Gummy Market – Key Findings of Report

  • Robust sales via online health & wellness shopping apps and eCommerce continues to create opportunities in the gummy market amid the ongoing COVID-19
  • Rising awareness of importance of a strong body and strong mind to fight pandemics has led to changes in dietary preferences. Surge in demand for 100% natural ingredients gummies to boost immunity and strengthen overall constitution of the body pertaining to strengthening hair, muscle strength, and fragile nails triggers the demand for gummies.
  • Concerns of high sugar content and rise in preference for fruit-based flavors are leading to innovations in the gummy market
  • High prevalence of vitamin deficiency is driving the interest of manufacturers in the gummy market to capitalize in this space. Manufacturers are engaging in R&D for the production of real fruit flavored gummy candies that are fortified with vitamin D3 and B12.
  • Concerns of low or excess vitamin content in gummy vitamins as compared to conventional vitamins are resulting in companies to increase R&D to improve gummy formulations.
  • Convenient to use and precise labeling of vitamins boost demand for gummy vitamins for children in comparison with pill vitamin supplements.

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Gummy Market – Growth Drivers

  • Excessive rise in demand for dietary supplements, especially among baby boomers to prevent health conditions such as osteoporosis and chronic diseases spells growth of the gummy market
  • Product innovations to use natural ingredients to be suitable for children and serve the demand of new-age consumers to stimulate growth

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Gummy Market – Key Players

Some of the key players operating in the gummy market are;

  • Church & Dwight Co. Inc.
  • Schwabe Group
  • Herbaland Naturals LLC
  • Unilever
  • Zanon USA
  • Hero Nutritionals
  • Otsuka Pharmaceuticals Co. Ltd.
  • Bayer AG
  • Pfizer Inc.
  • Rainbow Light
  • DSM
  • Nestle S.A.
  • IM Healthcare
  • Solistaa Pharmaceuticals Pvt. Ltd.
  • Vitabiotics
  • Lactonova
  • Chubears
  • Baidyanath Group
  • Piping Rock Health Products LLC
  • Lexicare Pharma Private Limited

The gummy market is segmented as follows;

Gummy Market by Source

  • Plant-based
  • Animal-based

Gummy Market by End User

  • Children
  • Zillenials
  • Millenials
  • Adults

Gummy Market by Flavor

  • Citrus
  • Berries
  • Tropical Fruit
  • Other Flavors

Gummy Market by Functionality

  • VDS
  • Healthy Weight
  • Sports Nutrition
  • Brain Health
  • Immunity
  • Better Sleep

Gummy Market by Sales Channel

  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Convenience Stores
  • Drug & Specialty Stores
  • Online Retail
  • Other Retail Formats

Gummy Market by Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Food & Beverages Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research’s award-winning coverage of the global Food & Beverages Market:

Xylitol Gummy Bears Market – https://www.transparencymarketresearch.com/xylitol-gummy-bears-market.html

Aerated Gummies Market – https://www.transparencymarketresearch.com/aerated-gummies-market.html

Artificial Intelligence

9Spokes Introduces Multi-Bank View to Expand Financial Insights for SMBs

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AUCKLAND, New Zealand, May 1, 2024 /PRNewswire/ — 9Spokes, a data platform that specializes in integrating and aggregating business and financial data, today announced the launch of its multi-bank feature, a significant advancement in financial transparency and access for small and medium-sized businesses (SMBs). This new feature provides SMBs with a consolidated view of their financial accounts across multiple institutions and service providers, aligning with the global movement towards open banking and open data.

With over 45% of SMBs managing their finances through multiple financial providers, the necessity for seamless access to broad financial data is crucial. The multi-bank view by 9Spokes addresses this challenge by giving SMBs, which make up over 90% of businesses in the US and UK, an integrated snapshot of their financial landscape.
“Understanding the complete financial picture of SMB customers can be a significant challenge,” said Kevin Phalen, Executive Chairman at 9Spokes. “Our multi-bank view harnesses the power of open data to provide a holistic view of financial statuses, empowering businesses and financial providers alike with the information needed to make informed decisions.”
This feature is poised to change how financial services are provided to SMBs, offering benefits that include:
Enhanced Customer Insight: Provides a deeper understanding of SMBs’ financial needs by consolidating financial data from multiple sources.Personalized Services: Allows for the delivery of customized financial products and advice tailored to each customer’s unique financial situation.Increased Efficiency: Streamlines the data collection and analysis process, freeing up resources for innovation and improved service delivery.This feature not only simplifies financial management for SMBs but also enhances the abilities of financial institutions and fintech companies to perform more effective risk assessments and customize their offerings accordingly.
For more information about the multi-bank feature or to learn more about 9Spokes, please visit www.9spokes.com/
About 9Spokes9Spokes is a global data platform that supports financial institutions and fintech firms worldwide. By aggregating consented business data from a variety of sources, 9Spokes helps businesses harness powerful tools for better financial management and strategic decision-making, driving transformation within the financial sector.
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HER HIGHNESS SHEIKHA MOZA FORMALLY LAUNCHES QATAR PRECISION HEALTH INSTITUTE

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Institute builds on 10 years of genomics research to address the under-representation of the Arab genome and unravel a more representative map of the human race
DOHA, Qatar, May 1, 2024 /PRNewswire/ — Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation, officially launched the Qatar Precision Health Institute, a national body aimed at leveraging the country’s advanced genomics research to accelerate personalized healthcare – leading to more precise treatments and improved health outcomes for people in the Arab world and beyond.

 
 
The Qatar Precision Health Institute builds on the groundbreaking work of Qatar Biobank and Qatar Genome Programme, uniting the efforts of Qatar Foundation’s research institutes to provide insights that reveal the effects of lifestyle, environment, and genetics on the Arab population.
Her Highness, Sheikha Moza bint Nasser, spoke at the formal launch event, emphasizing the importance of raising public awareness on the benefits of precision health. She said:
“I am proud that Qatar was the first country in the region to establish a population-based genome program, and has played a pioneering role in ensuring that Arab genomes are included in global genomic databases. Qatar’s efforts have led to faster and more accurate diagnoses of multiple diseases for people from the region. QPHI is building on those successes and taking our knowledge forward to implement clinical solutions that will lead to a healthier future not only for our citizens but for people around the world.”
Qatar Foundation’s work in the field of precision health led to the creation of the Qatari genome catalog, comprising more than 88 million variants, 24 million of which had never been reported previously in international databases.
Dr. Said Ismail, Acting President of QPHI, said:
“The Middle East is home to more than 400 million people, and is one of the world’s oldest inhabited regions, yet it is the most underrepresented in genome sequencing, as over 95% of available genome data comes from Western Europe and North America. Through research and clinical trials conducted at QPHI, we aim to improve the representation of Arab genomes in these datasets, empowering scientists to unravel the complete map of genomes that define the allelic spectrum of the human race, including Africa, East and Southeast Asia.”
QPHI will advance the study of the Arab genome through recruiting Qataris and long-time residents in large numbers, analyzing their biological samples, as well as information about their health and lifestyle. In doing so, it will make vital data accessible for researchers across the region and the world. Partnerships with leading global genomics institutes, including The Global Alliance for Genomics and Health, as well as the Health Institutes of Turkey will ensuring the transferability of discoveries, and strengthen genomics research on a global scale.
To date, Qatar Genome Programme has sequenced the genomes of over 40,000 Qataris or long-term Qatar residents, generating a wealth of data that has helped to inform diagnoses and treatments that have saved lives.
Through the use of precision medicine, a great number of diseases can be detected early, or avoided altogether. Interventions such as rapid genetic screening for heart patients has led to targeted treatment and a reduction in the number of days patients need to stay in hospital, while mandatory newborn screening through heel prick tests screens for over 80 disorders, giving doctors and parents the ability to detect treatable diseases before clinical presentation.
By seamlessly integrating cutting-edge research with clinical applications, QPHI will equip healthcare providers with the means to provide personalized treatment and elevate the standard of care while cementing Qatar’s position as a frontrunner in precision medicine on the global stage.
For more about Qatar Foundation, please visit qf.org.qa.
For more about QPHI, please visit qphi.org.qa
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ION LookOut named “Most Innovative Trade Surveillance Solution” at A-Team Innovation Awards 2024

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LONDON, May 1, 2024 /PRNewswire/ — ION, a global leader in trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates, announces that ION LookOut has been named “Most Innovative Trade Surveillance Solution” at the A-Team Innovation Awards 2024. 

The A-Team Innovation Awards recognize innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver cutting-edge solutions for financial institutions in capital markets. The awards focus on data management, trading technology, ESG, and regtech suppliers whose contributions are advancing these areas.
ION LookOut, developed by LIST – an ION company, is a multi-asset trade surveillance solution used across multiple jurisdictions. Machine Learning for Alarm Classification (MLAC), ION LookOut’s AI-based assistant, helps compliance teams classify multiple alerts, reducing time and effort, and improving efficiency. MLAC optimizes alert management by learning from the past behavior of compliance officers. It helps reduce the workload of compliance officers while raising alarms for the necessary level of tracking activity. The automatic closure of low-profile alerts further streamlines the process, saving time.
“We are thrilled with ION LookOut’s win at the A-Team Innovation Awards 2024. The recognition reflects ION’s dedication to delivering high-value solutions that address our customers’ evolving needs,” said Alvise Insalaco, Chief Executive Officer: LIST.
“It’s an honor to have ION LookOut recognized for its innovative trade surveillance solution,” said Mirko Marcadella, Chief Product and Marketing Officer: LIST. “This award is a testament to ION’s unwavering commitment to push the boundaries of innovation and deliver solutions that empower our customers.”
Angela Wilbraham, CEO at A-Team Group and 4th annual A-Team Innovation Awards 2024 host, commented, “Many congratulations to ION for winning the Most Innovative Trade Surveillance Solution award in recognition of their achievement in delivering high levels of innovation to financial institutions. They should be deservedly proud of this accomplishment.”
ION LookOut was also named Best Solution for Record Retention at the RegTech Insight Awards APAC 2024 earlier this year, further demonstrating ION’s consistent track record of delivering award-winning products.
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/ 
About ION Markets
ION Markets provides transformative technology and solutions to financial institutions dealing in asset management, cleared derivatives, equities, fixed income, foreign exchange, and secured funding. Our award-winning end-to-end solutions simplify clients’ operations by automating the full trade lifecycle, providing tools to manage risk, and maximizing access to liquidity, while giving real-time access to critical information required for timely operational decisions and execution on a global scale. For more information, visit https://iongroup.com/markets/ 
About LIST
An ION company, LIST is a leading financial technology provider to the global trading community, including trading venues, market makers, brokers, asset managers, risk managers, and compliance officers. LIST’s innovative turnkey products and delivery, driven by customers’ needs, play a key role in supporting successful business growth in today’s volatile times. Continuous innovation and client partnerships around the globe have built trust and reliance on LIST’sunique real-time and data analytics capabilities. For more information, visit https://www.list-group.com/.
About A-Team Innovation Awards 2024
The A-Team Innovation Awards celebrate innovative projects and teams across the vendor and practitioner communities that make use of new and emerging technologies to deliver high-value solutions for financial institutions in capital markets, with a specific focus on data management, trading technology, ESG and regtech suppliers. For more information, visit https://a-teaminsight.com/awards/a-team-innovation-awards/
All product and company names herein may be trademarks of their registered owners.

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