IMARC Group, a leading market research company, has recently releases report titled “Jellies & Gummies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global jellies & gummies market growth, size, share, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the jellies & gummies market?
The global jellies & gummies market size reached US$ 37.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.0% during 2023-2028.
Factors Affecting the Growth of the Jellies & Gummies Industry:
- Consumer Preferences and Trends:
The market for jellies and gummies is experiencing growth influenced significantly by evolving consumer preferences and trends. Consumers are increasingly seeking innovative flavors and textures, leading manufacturers to continuously experiment and introduce new varieties. Health-conscious choices are also shaping the market, as more people are opting for jellies and gummies made with natural ingredients, reduced sugar, and added health benefits like vitamins and probiotics. This shift is compelling companies to adapt their product lines to cater to these preferences. Additionally, the appeal of these products as convenient, on-the-go snacks is driving their popularity among a broad range of consumers, from children to adults, further fueling market expansion.
- Technological Advancements in Production:
Technological advancements in the production of jellies and gummies are actively contributing to the sector's growth. Modern manufacturing techniques are enabling more efficient, cost-effective, and scalable production processes. Innovations in food technology are allowing for the creation of more diverse and complex shapes, textures, and flavors, enhancing the appeal of these products. Moreover, improvements in packaging technology are extending shelf life and preserving the quality of jellies and gummies, making them more attractive to both retailers and consumers. These advancements are not only improving product quality but also allowing manufacturers to meet the increasing demand more effectively.
- Global Economic and Retail Dynamics:
The global economic and retail dynamics are continuously influencing the growth of the jellies and gummies market. With the rise of e-commerce and online retail channels, there is an increasing availability and accessibility of these products to a wider audience. This expansion is facilitating the entry of new brands and products into the market, intensifying competition and innovation. Additionally, the economic growth in emerging markets is leading to an increase in disposable income, which in turn is boosting consumer spending on confectionery items, including jellies and gummies. These economic and retail shifts are playing a crucial role in the expansion and diversification of the jellies and gummies market globally.
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What are the growth prospects and trends in the jellies & gummies industry?
The growing popularity of healthier snacking options is significantly boosting the jellies and gummies market. Manufacturers are tapping into this trend by innovating with natural ingredients and flavors that attract health-conscious consumers. The role of technological advancements in confectionery production is vital in crafting jellies and gummies with improved taste, texture, and nutritional value, enhancing customer satisfaction and brand loyalty. Additionally, the versatility of jellies and gummies, ranging from organic and sugar-free varieties to classic treats, meets the varied preferences and dietary requirements of a broad consumer base, thereby driving the expansion of this segment in the snack industry.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Flavor:
- Grapefruit
- Cherry
- Peach
- Berries
- Apple
- Others
Breakup by Distribution Channel:
- Store Based
- Non-store Based
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Albanese Confectionery Group, Inc.
- Arcor Group
- Cloetta AB
- Decoria Confectionery Co.Ltd.
- Ferrara Candy Company (Ferrero SpA)
- Giant Gummy Bears
- HARIBO GmbH & Co. KG
- Jelly Belly Candy Company
- Meiji Holdings Company, Ltd.
- Mondelez International, Inc.
- Nestlé S.A.
- PT Yupi Indo Jelly Gum
- The Hershey Company
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