Worldwide Jellies and Gummies Market 2018 Key Growth Drivers, Challenges, Demand and Upcoming Trends
Global Jellies and Gummies Market is expected to grow at a steady pace during the forecast period. Gummies and jellies are confectionaries which are based on a hydrocolloid which helps to hold relatively high moisture content sugar syrup. The hydrocolloid gel influences appearance, flavor release, and texture. Technological advancement which uses 3D food printer to make jellies and gummies of varying size, shape, and color personalized according to consumer’s choice, is one of the causes for the increase in the demand for the jellies and gummies. Reduced calories and sugar in jellies and gummies can also boost the market growth, taking into consideration increase in the number of diabetic patients in the past few years as consumers have become more health conscious. Hence, global Jellies and Gummies market is expected to grow at CAGR post the year 2022.
Gummies and jellies are consumed in large amount, specifically by kids, therefore demand for toothfriendly product is also growing. Gummies and jellies based on certain non-laxative ingredients, sweeteners, soluble fibers, and jelling agents facilitate the production of toothfriendly jellies and gummies.
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Major Key Players:
With the entry of industry players in the Jellies and Gummies segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. For instance, Perfetti Van Melle launched newer flavors to strengthen its position in Indian market. Furthermore, The Ferrero Group acquired Ferrara Candy Company with an aim to strengthen its product portfolio including jellies and gummies.
The key players profiled in Jellies and Gummies are as Haribo (Germany), Jelly Belly Candy Company (U.S.), Mondelez International, Inc (U.S.), MARS Inc (U.S.), European Food Co.Ltd (Thailand), Casa Del Dolce SRL (Italy), Cloetta (Netherlands), Confidas (Belgium), Decoria Confectionary Co.Ltd (South Korea), Hatops Food Co.Ltd (China), Meiji (Japan), Perfetti Van Melle (India), The Ferrero Group (U.S.).
Latest Industry Updates:
Oct 2017 The Ferrero Group (“Ferrero”), a global confectionary group, announced a definitive agreement pursuant to which a Ferrero affiliated company will acquire Ferrara Candy Company, which has a strong positions in the gummy and seasonal candies categories, from L Catterton. This acquisition would further strengthen company’s product portfolio
Feb 2017 Perfetti Van Melle India launched “Jelly Bottles” in cola and mango flavours. Alpenliebe Juzt Jelly has played a pioneering role in building the jellies category in India, and is currently the dominant brand with nearly 50% market
Feb 2017 Anlit Ltd., part of Maabarot Products Ltd., launched vegetarian curcumin gummies targeting consumers seeking curcumin supplement alternatives. The company replaced gelatin with pectin owing to growing demand fr vegetarian products.
Jan 2016 Perfetti Van Melle launched Alpenliebe Juzt Jelly Fruity Bears which consists of 25% fruit pulp. This product launch is in line with company’s strategies to expand in Indian market.
Apr 2016 Olly launched a new children’s gummy vitamin featuring Wellmune, which is a natural immune health ingredient.
The global Jellies and Gummies market has been divided into gelling agent, ingredients, application, and region.
On The Basis Of Gelling Agent: Gelatin, Pectin, Agar agar, Vegetable gum, Carrageenans, and others
On The Basis Of Ingredients: Sugars (Cane sugar, Corn syrup, and others), Citric acid, Flavoring agent, coloring agents, Fruit (Juices or Pulp), and others
On The Basis Of Application: Bakery, Confectionery, Breakfast spreads, and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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The Global Jellies and Gummies Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). United States, Europe, Japan, and China comprises for more than 50% of global jellies and gummies market share. In addition, the top 5 importers of Jellies and Gummies include U.S., Germany, UK, France and Canada. North America is the leading market followed by Europe. Asia-Pacific is the fastest growing segment.
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