Jellies and gummies refer to a type of confectionery product made using a hydrocolloid (also known as a stabilizer) that acts as a binding element to hold sugar syrup with a high moisture content. Gummies are confectionery products made of gelatin and have a sticky texture, transparent colors, and a sweet, chewy consistency. Jellies have a more solid texture than gummies as they do not contain gelatin, and they use carbohydrates such as pectin, potato starch, maize starch, and tapioca.
Sizing and Forecast
The jellies & gummies market size has grown steadily in recent years. It will grow from $2.59 billion in 2023 to $2.67 billion in 2024 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to seasonal and festive demand, evolution of consumer preferences, innovation in flavors and varieties, marketing and branding strategies, cultural and demographic influences.
The jellies & gummies market size is expected to see steady growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to adaptation to regulatory changes, functional and nutritional benefits, sustainability and eco-friendly packaging, expanding vegan and organic varieties, continued product innovation. Major trends in the forecast period include localized and global flavor trends, digital and influencer marketing, artisanal and premium segments, convenience and portability, childhood nostalgia and adult indulgence.
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Segmentation & Regional Insights
The jellies and gummies market covered in this report is segmented –
1) By Type: Jellies, Gummies
2) By Flavor: Grapefruit , Cherry , Peach , Berries , Apple , Other Flavors
3) By Application: Consumer Aged Under 14, Consumer Aged 15 to 31, Consumer Aged 31 and Older
4) By Distribution: Store Based, Non-Store Based
North America was the largest region in the jellies and gummies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the jellies & gummies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for confectionery goods among the global population is driving the jellies and gummies market. Confectionery products refer to sweet meals and consumables such as baked pastries, candies, jellies, gummies, and sweets. Consumers with a fast-paced lifestyle are increasingly inclined toward confectioneries as they are tasty and consume less time. For instance, in July 2022, according to the Government of Canada, a Canada-based body responsible for the federal administration, the global confectionery product market was $40,929.9 million in 2021, an increase from $37,545.8 million in 2020. Therefore, the rise in demand for confectionery goods among the global population will propel the growth of the jellies and gummies market.
Key Industry Players
Major companies operating in the jellies & gummies market report are Nestle S.A., Mars Incorporated, Mondelez International Inc., Arcor S.A.I.C., Ferrero SpA, The Hershey Company, Guanshengyuan Group, Meiji Co Ltd., Perfetti Van Melle S.p.A., Haribo GmbH & Co KG, Lotte Confectionery Co Ltd., Ferrara Candy Company, Morinaga & Co Ltd., Cloetta AB, Jelly Belly Candy Company, Ezaki Glico Co Ltd., Albanese Confectionery Group Inc., Trolli GmbH, Yupi Industria e Comércio de Alimentos Ltda., Casa Del Dolce SRL, Candy Kittens Ltd., Mederer GmbH, GGB Candies LLC, Black Forest Candy Company, European Food Public Co Ltd., The Natural Confectionery Co, Maynards Bassetts Inc., Smart Sweets, Wowo Group, JellyCoe LLC
The jellies & gummies market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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