Jellies and Gummies Market
Report ID: SQMIG30C2080
Jellies and Gummies Market Size, Share, Growth Analysis, By Distribution channel(store-based and non-store-based), By categories(conventional and functional), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2080 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
79
Jellies and Gummies Market Insights
Jellies and Gummies Market size was valued at USD 2.54 billion in 2022 and is poised to grow from USD 2.68 billion in 2023 to USD 4.18 billion by 2031, at a CAGR of 5.68% during the forecast period (2024-2031).
Confectionery items that are popular include jellies and gummies. The use of a gelling agent or stabiliser is a common feature of these products. Gummy candies, on the other hand, have a gummy texture and are made with gelatin. Jelly candies, on the other hand, are made with ingredients other than gelatin, such as agar, gum, starch, acacia, and so on. Jellies may have different textures, but they are not as elastic as gummies. The market for jellies and gummies has grown significantly in recent years. The growing vegan population, thriving candy industry, rising awareness about the negative effects of chocolate consumption, and rising consumer spending are all factors driving market growth.
Jellies and gummies have gained popularity among consumers as a result of their frequent purchases and growing preference for candies over chocolate. Unique flavours, textures, candies design, shape, packaging, and sugar content are all factors that influence consumer purchasing decisions. Snacking, on-the-go personal rewards, occasions, and holidays are the most common reasons for the consumption of jellies and gummies. Candies are mostly popular among children, and they are the primary target consumers for candy manufacturers. North America dominates the Jellies and gummies market and will continue to do so during the forecast period due to rising demand for jellies and gummies and increased shelf space in stores when compared to other confectioneries. Europe, on the other hand, is expected to experience profitable growth as a result of new product launches such as sugar-free jellies and gummies within the region.
US Jellies and Gummies Market is poised to grow at a sustainable CAGR for the next forecast year.
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Jellies and Gummies Market Segmental Analysis
The Jellies and gummies market is segmented on the basis of type, flavor, category, distribution channel, consumer age, and region. The Jellies and gummies market is divided into two types: traditional and functional. The market is divided into flavours such as grapefruit, cherry, peach, berries, apple, and others. The Jellies and gummies market is divided into two categories: traditional and functional. The global Jellies and gummies market is divided into two segments based on distribution channel: store-based and non-store-based. The market is divided into two sections based on consumer age: under 14, 15-31, and over 31. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Analysis by Distribution channel
The jellies and gummies market is further subdivided into store-based and non-store-based distribution channels. Supermarkets and hypermarkets, convenience stores, and others are all subcategories of the store-based category. The store-based segment's performance is expected to improve in the future. The introduction of new types of flavoured jellies and gummies could be critical in driving the performance of a specific segment of the global market.
Analysis by Category
The market for jellies and gummies can be further divided into conventional and functional categories. Both product categories are expected to play a significant role in driving market revenue during the forecasted period. The functional segment's performance is expected to improve as a result of factors such as the use of cannabidiol ingredients in the jelly and gummies space. According to the detailed market forecast, the factor could act as a catalyst and positively influence market performance.
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Jellies and Gummies Market Regional Insights
Various factors may come into play and influence performance in each of the regions. During the forecasted period, the North American region is expected to have an impact on the global market's expansion. Some of the key factors expected to benefit the region include flavour innovation and the introduction of new Jellies and gummies, resulting in expanded product portfolios. In 2021, North America was the largest region in the jellies and gummies market.
During the forecast period, Asia-Pacific is expected to be the fastest-growing region in the global jellies and gummies market. Over the forecast period, the APAC jellies and gummies market is expected to be driven by rising demand for naturally flavoured jellies and gummies. Due to the strong presence of the confectionery industry and the widespread popularity of jellies and gummies, Europe is also expected to remain a dominant regional market for jellies and gummies over the forecast period. Countries such as China and Japan are expected to be among the top confectionery consumers in the coming years, resulting in steady growth in the jellies and gummies market.
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Jellies and Gummies Market Dynamics
Driver
Sugar Free and Healthy Jellies and Gummies to Bolster Its Demand during Forecast Period
- Consumers are shifting to healthier eating habits as the incidence of childhood obesity rises in both developed and developing countries. The high sugar content of jellies and gummies, as well as its link to obesity, are likely to deter consumers from purchasing and consuming Jellies and gummies made from sugar and glucose syrup. This trend has prompted manufacturers to come up with novel ways to reduce sugar and calorie content in order to retain their customer base. To cater to the health-conscious consumer base, jelly and gummy manufacturers are heavily investing in sugar and artificial sweetener alternatives.
- Due to increased demand for animal-free products, jelly and gummy manufacturers are increasingly using vegetable-based proteins and gelling agents in the preparation of jelly and gummy confectioneries.
Restraints
Ever Changing Technology and Harmful Effects of Sugar to Hinder Market Growth
- There are several constraints in the jellies and gummies market that reduce its attractiveness and growth potential. A major impediment is an increase in health concerns among health-conscious people. Another significant constraint is the ever-changing nature of technology. It could be a major bottleneck for businesses, as they may find it difficult to implement new technologies in their production processes and activities. While operating in a global environment, businesses must consider various jellies & gummies industry trends that could act as constraints.
- The Covid 19 pandemic has had a negative impact on the global jellies and gummies market. Due to the implementation of strict social distancing guidelines and lockdown norms, production activities have ceased, disrupting the production process. The market, however, is expected to recover during the forecasted period. Businesses in the dynamic jellies and gummies market have been developing new flavours and varieties in order to revitalise the market.
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Jellies and Gummies Market Competitive Landscape
The market for jellies and gummies is regarded as one of the most appealing of recent times. As the market audience's preferences shifted toward confectionery items, the market's attractiveness increased, increasing the level of competitive intensity.
Top Player's Company Profiles
- Albanese Confectionery Group, Inc.
- Arcor SAIC
- Ferrara Candy Company
- Haribo GmbH & Co. KG
- Jelly Belly Candy Company
- Just Born Quality Confections
- Kervan Gida Sanayi ve Ticaret AS
- Lindt & Sprüngli AG
- Mars, Inc.
- Meiji Co., Ltd.
- Mondelez International, Inc.
- Morinaga & Co., Ltd.
- Nestlé SA
- Perfetti Van Melle Group B.V.
- Ritter GmbH & Co. KG
- Royal Fassin BV
- Smarties Candy Company
- The Hershey Company
- The Kraft Heinz Company
- Trolli GmbH
Recent Developments
- December 2023 Gummies as a Delivery Medium Studies are being conducted to investigate the use of gummies as a vehicle for the delivery of vitamins, drugs, and even nutraceuticals. They are therefore a practical and tasty way to take vitamins or other necessary nutrients.
- In celebration of National Candy Day, HARIBO unveiled Berry Clouds, their newest gummi creation, in April 2022. Berry Clouds are distinctive triple-layered candies that have a soft, sweet chew that appeals to both adults and children.
- In Feb 2022, Amway Corp. India introduced nutrition supplements in stylish, attractive, convenient, and simple formats such as flavorful candies and mouth-dissolving jelly strips under its flagship brand Nutrilite
- In May 2022, Jelly Drops, a candy flavor was introduced in the candy market that helps people stay hydrated, and has launched in the United States. Jelly Drops are produced with 95% water with additional electrolytes, and are sugar-free. It is making huge strides in the elderly population of those with Alzheimer's.
Jellies and Gummies Key Market Trends
- Factors such as the global increase in vegan population and consumer expenditure on jellies, candies, and other confectionery goods are driving the growth of the jellies and gummies market. Children love candies, and they are the primary target consumers for candy distributors. Customers are drawn to candy products because of their unique design, form, packaging, tastes, textures, and sugar content. Snacking, personal incentives, holidays, and special occasions are the most common reasons for consuming Jellies and gummies.
- Leading manufacturers in the jellies and gummies industry are leveraging the confectionery industry's growth prospects to boost sales among health-conscious global consumers by introducing bite-size portions of low-fat sweets. Candy manufacturers are heavily investing in research into sugar and artificial sweetener substitutes, which are becoming increasingly popular. Companies are expected to profit from the incremental growth parameters and current candy industry trends in the coming years.
Jellies and Gummies Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The market for jellies and gummies is expanding as a result of factors such as the global increase in vegans and consumer spending on sweets such as candies and jellybeans. Children are the primary demographic that candy distributors aim to reach because of how popular candies are with them. The distinctive form, packaging, flavours, textures, and sugar content of a candy product entice consumers to purchase it.
Jellies and gummies are commonly consumed for snacking, self-incentives, special occasions, holidays, and holidays. Businesses operating in the jellies & gummies market have been adopting innovative technological solutions such as robotics to operate in a flexible and productive manner. Furthermore, rising consumer awareness of the negative side effects of chocolate consumption, as well as unique flavours, textures, candies design, shape, packaging, and sugar content, will drive growth in the Jellies and gummies market value. However, healthcare complications associated with excessive sugar alcohol consumption will be a major impediment to the growth of the Jellies and gummies market. Concerns about overconsumption of these products due to their taste benefits, which can cause more harm than good, will also pose a significant challenge to the market's growth rate.
What's Included
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| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.54 billion |
| Market size value in 2031 | USD 4.18 billion |
| Growth Rate | 5.68% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Jellies and Gummies Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Jellies and Gummies Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Jellies and Gummies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Jellies and Gummies Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Jellies and Gummies Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Jellies and Gummies Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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