The global Jellies and Gummies market is expected to reach a market valuation of USD 6,665 million by 2023, recording a CAGR of 5.6% from 2023 to 2033.
Gummies and jellies are candies that are typically eaten as a snack by kids. The concentrate solution is heated after sugar has been dissolved in water to make them. Boiling the concentrate creates a syrup, which is then colored with pectin, gelatin, starch, and other substances. They come in a variety of forms that show animated creatures including rabbits, bears, fish, babies, frogs, rings, and bottles.
Attribute | Details |
---|---|
Jellies and Gummies Market Size (2023E) | USD 6,665 million |
Jellies and Gummies Market Projected Size (2033F) | USD 11,493 million |
Value CAGR (2023 to 2033) | 5.6% |
Top 3 Countries Marketing Share | 64.8% |
Customers have changed to healthy eating habits as a result of the increased incidence rates of pediatric obesity in industrialized and developing nations. Because of the high sugar content in jellies and gummies and its link to obesity, customers are likely to be less likely to purchase and consume gummies and jellies made with sugar and glucose syrup. In order to maintain their customer base, manufacturers have been forced to use creative strategies to lower the sugar and calorie content.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Jellies and Gummies.
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Market Statistics | Details |
---|---|
Jan–Jun (H1), 2021 (A) | 5.4% |
Jul–Dec (H2), 2021 (A) | 5.3% |
Jan–Jun (H1),2022 Projected (P) | 5.3% |
Jan–Jun (H1),2022 Outlook (O) | 5.9% |
Jul–Dec (H2), 2022 Projected (P) | 6.2% |
Jul–Dec (H2), 2022 Outlook (O) | 6.0% |
Jan–Jun (H1), 2023 Projected (P) | 5.6% |
The market for gummies and jellies is expanding primarily due to factors including the rising vegan population in the world and consumers' high spending on candies, jellies, and other confectionery items. Further driving growth in the market value for gummies and jellies will be consumers' growing awareness of the drawbacks of consuming chocolate as well as novel tastes, textures, sweets' designs, shapes, packaging, and sugar content. The market for gummies and jellies will face significant challenges because to the health issues brought on by high sugar alcohol intake.
A significant issue will also come from worries that people will consume these items in excess due to their tasty benefits, which could have negative health effects.
The growing market for sugar-free jellies and candies offers room for expansion for new players. Manufacturers now provide sugar-free jellies and gummies due to a shift in consumer tastes away from sugar-filled jellies and gummies. Jellies and gummies are more popular among people under the age of 17 due to their organic and chewy nature. To keep kids interested, jellies and gummies come in a variety of shapes, such as fruits, living things, wheels, and bottles.
The jellies and gummies market in North America, which had sales of USD 14,587.01 million in 2021, is anticipated to increase significantly over the study period, with a high CAGR. The millennial generation's increasing taste for jellies and gummies is what fuels the market for these items. The millennial generation will be the largest generation in the US in 2021 with 72.19 million individuals. In a lot of American households, it is regarded as a cheap and wholesome treat. Customers in the United States are interested in jellies and gummies with seasonal flavors.
Europe is the region with the highest growth, expanding as a result of rising consumer consumption as well as the introduction of innovative products including sugar-free jellies and gummies and pick-and-mix candies by businesses like Haribo, Mars, and Cloetta. Pick and mix sweets is a recent fad in the area, which is fostering industry expansion. In contrast to Central European nations, where packaged candy is more prevalent, it is becoming more popular in the Nordic nations.
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In 2021, the store-based distribution channel held the highest share-more than 85.0%. The age group of 17 is the one that consumes jellies and gummies the most, as access to local stores is more convenient for them than internet shopping. Also, as part of their marketing strategies, industrialized nations have a large density of food stores where the products are easily accessible. The main variables influencing brick-and-mortar retailers are increased shelf space for jellies and gummies due to preservatives and gelling agents, improved product life, and no storage constraint.
The performance and cannabidiol components in jellies and gummies are two reasons why it is predicted that the functional segment will grow. Another economic potential for new entrants is the growing appeal of sugar-free jellies and candies. In addition, the traditional industry expanded significantly. The conventional jellies and gummies market is mainly driven by the increasing global demand for confectionery products. Due to their deliciousness and ease of consumption, confectionery products are growing in popularity among customers who lead busy lives.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million for Value and Metric Ton for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
Key Segments Covered | Ingredient Type, Product Type, End Users, Distribution Channel and Region |
Key Companies Profiled | HARIBO GmbH & Co. KG; Jelly Belly Candy Company; Mars Inc.; Mondelz Global LLC; Jelly Belly Candy Company; Perfetti Van Melle Group B.V.; The Hershey Company; Decoria Confectionery Co. Ltd.; Giant Gummy Bears; Albanese Candy |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The Jellies and Gummies Market is valued at US$ 6,665 million for 2023.
The Jellies and Gummies Market valuation is expected to be US$ 11,493 million in the year 2023.
The value of CAGR for the Jellies and Gummies Market is estimated to be 5.6%.
The functional gummies segment would garner a significant market value share by 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Ingredient Type 6.2. Product Type 6.3. End Users 6.4. Distribution Channel 7. Global Market Analysis and Forecast, By Ingredient Type 7.1. Fruits 7.2. Vegetables 7.3. Liqueur 7.4. Flowers and Herbs 7.5. Others 8. Global Market Analysis and Forecast, By Product Type 8.1. Functional Jellies and Gummies 8.2. Traditional Jellies and Gummies 9. Global Market Analysis and Forecast, By End Users 9.1. <14-year-olds 9.2. 14-30 year-olds 9.3. >30 year-olds 10. Global Market Analysis and Forecast, By Distribution Channel 10.1. Departmental Store-Based 10.2. Non-Store-Based 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Europe 11.4. East Asia 11.5. South Asia 11.6. Oceania 11.7. Middle East & Africa 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Europe Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Ingredient Type, Product Type, End Users, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. HARIBO GmbH & Co. KG 21.2. Jelly Belly Candy Company 21.3. Mars Inc. 21.4. Mondelz Global LLC 21.5. Jelly Belly Candy Company 21.6. Perfetti Van Melle Group B.V. 21.7. The Hershey Company 21.8. Decoria Confectionery Co. Ltd. 21.9. Giant Gummy Bears 21.10. Albanese Candy
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