PRINCETON, N.J. — Gummy vitamins continues to be a fast-moving subsegment within multivitamins, Jim Craigie, Church & Dwight executive chairman and CEO, told analysts Friday.
"The category trends are now headed in the positive direction and most importantly, the fast-growing gummy form of vitamins now represents 7% of the total vitamin category," he said. "That's more than twice what it was when we bought the [Avid] business in 2012."
C&D's Avid gummy vitamin business delivered double-digit consumption growth in the second quarter behind expanded distribution, new products and increased marketing support, Craigie reported.
Overall, sales of multivitamins reached $1.7 billion on 0.2% growth for the 52 weeks ended June 15 across total U.S. multi-outlet, according to IRI. Sales of C&D's Vitafusion gummy brand totaled almost $105 million.