Jellies and Gummies Market
Report ID: SQMIG30C2080
Report ID:
SQMIG30C2080 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
79
Jellies and Gummies Market size was valued at USD 2.68 Billion in 2023 and is poised to grow from USD 2.83 Billion in 2024 to USD 4.42 Billion by 2032, growing at a CAGR of 5.68% during the forecast period (2025-2032).
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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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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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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Driver
Sugar Free and Healthy Jellies and Gummies to Bolster Its Demand during Forecast Period
Restraints
Ever Changing Technology and Harmful Effects of Sugar to Hinder Market Growth
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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.
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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 2.68 Billion |
Market size value in 2032 | USD 4.42 Billion |
Growth Rate | 5.68% |
Base year | 2024 |
Forecast period | 2025-2032 |
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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Executive Summary
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Market Size by Region
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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.
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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Report ID: SQMIG30C2080
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