The Jellies & Gummies Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Jellies & Gummies Global Market Report 2024, 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.
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.
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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
Major companies in the jellies and gummies market is focused on developing gummies for Kids, such as multivitamin gummies, to address nutritional gaps, and to maximize their profits in the market. Multivitamin gummies are chewable supplements in a gummy form containing a combination of vitamins and minerals to support overall health. For instance, in July 2022, Mankind Pharma, an India-based pharmaceutical company, launched the Health OK multivitamin gummies for kids, catering to children and teens between seven and 17. The gummies, available in lemon and strawberry flavors, contain essential vitamins and minerals, including A, B12, C, D, calcium, zinc, magnesium, and iodine. The formulation aims to support normal growth, strengthen bones, enhance brain function, and boost the immune system.
The jellies & gummies market report table of contents includes:
1. Executive Summary
2. Jellies & Gummies Market Characteristics
3. Jellies & Gummies Market Trends And Strategies
4. Jellies & Gummies Market – Macro Economic Scenario
5. Global Jellies & Gummies Market Size and Growth
……
32. Global Jellies & Gummies Market Competitive Benchmarking
33. Global Jellies & Gummies Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Jellies & Gummies Market
35. Jellies & Gummies Market Future Outlook and Potential Analysis
36. Appendix
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