Jellies and Gummies Market – Overview
Global jellies and gummies market is anticipated to develop at a stable pace during the forecast period. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on “Global Jellies and Gummies Market Research Report- Forecast to 2023” that the market will demonstrate a strong CAGR % during the forecast period.
Jellies & Gummies Market are prepared using hydrocolloids, which helps in holding relatively high moisture content sugar syrup. The hydrocolloid gel impacts the texture, appearance, and flavor release of the products. With the technological advancement, preparation of jellies and gummies of varying size, shape, and color personalized according to consumer’s choice, has become very much easy and has led in an extraordinary demand for the jellies and gummies. Additionally, reduced amount of calories and sugar in jellies and gummies has helped in uplifting the global market to boost at global level. Thus, these factors have helped in the increase in the global jellies and gummies market is expected to grow at a high CAGR % post the year 2023.
A larger share of gummies and jellies is consumed among kids; thus demand for tooth friendly product is growing too. Gummies and jellies created on certain non-laxative ingredients, sweeteners, soluble fibers, and jelling agents, which helps in facilitating the production of tooth friendly jellies and gummies.
Global Jellies and Gummies Market – Competitive Analysis
The major industry players involved in the manufacture of jellies and gummies have been experimenting in the market with various developments among the different varieties of products. The companies which are operating in this segment are aiming to cover a significant market share to mark themselves different within the market. Additionally, a level of competition among the top players is observed to differentiate their products from other prominent players operational in this industry. For instance, Ferrero Group has acquired Ferrara Candy Company with an intention to strengthen its product range.
The key players profiled in global jellies and gummies market report are 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), and The Ferrero Group (U.S.) among many others.
Global Jellies and Gummies Market – Segments
The global jellies and gummies market has been divided into type, distribution channel, and region.
On The Basis of Type: Fruit, Vegetable, Herbs and Flower, Liqueur, and Others
On The Basis of Distribution Channel: Store Based & Non-store Based
On The Basis of Region: North America, Europe, Asia Pacific, and ROW
Global Jellies and Gummies Market – Regional Analysis
The global jellies and gummies market is segmented into North America, Europe, APAC, and Rest of the World (RoW). The U.S., Europe, Japan, and China are the prominent countries in this market, and are covering more than 50% of global jellies and gummies market. Moreover, among the top 5 importers of jellies and gummies products include the U.S., the U.K, Germany, France and Canada. Among all of them, the North America region is the leading market followed by Europe. Additionally, the Asia-Pacific region is found to be the fastest growing region.
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