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Global Jellies & Gum*mies Market 2024 - By Growth Opportunities, Future Insights, Regional Segments, Latest Innovations And Forecast To 2033
Global Jellies & Gum*mies Market
Jellies & gum*mies Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.1 billion In 2028 At A CAGR Of 3.8% :
The jellies & gum*mies 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 & gum*mies 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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Jellies & gum*mies Market Major Segments
The jellies and gum*mies market covered in this report is segmented -
1) By Type: Jellies, gum*mies
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
Key Driver - Surge In Confectionery Demand Fuels Expansion Of Jellies And gum*mies Market
The increase in demand for confectionery goods among the global population is driving the jellies and gum*mies market. Confectionery products refer to sweet meals and consumables such as baked pastries, candies, jellies, gum*mies, 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 gum*mies market.
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Prominent Trend - Nutrition Supplements To Meet Millennials Busy Lifestyles
Major companies in the jellies & gum*mies market are focused on developing nutrition supplements, such as gum*mies and jelly strips, to meet millennials' busy lifestyles, and to gain a competitive edge in the market. gum*mies and jelly strips are forms of nutrition supplements, that offer convenient and flavorful alternatives for individuals to meet their dietary needs. For instance, in February 2022, Amway India, an India-based subsidiary company that sells health, beauty, and home care products, launched the Seize the Day gum*mies for overall health, D-fence jelly strips containing Vitamin D3 for bone health and immunity, and I-Candy gum*mies with Lutein & Zeaxanthin for eye health. This range of nutrition supplements is in the form of gum*mies and jelly strips under its Nutrilite brand. These address the nutritional needs of today's youth, focusing on bone health, eye health, and overall well-being with convenience.
Jellies & gum*mies Market Players
Major companies operating in the jellies & gum*mies 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the jellies and gum*mies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the jellies & gum*mies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Jellies & gum*mies Market Report Structure
3. Jellies & gum*mies Market Trends And Strategies
4. Jellies & gum*mies Market - Macro Economic Scenario
5. Jellies & gum*mies Market Size And Growth
…..
27. Jellies & gum*mies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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