Jellies and Gummies Market to Grow at Impressive Rate During the Forecast Period
Changing consumer preferences from sugar jellies and gummies to
sugar-free jellies and gummies and increasing the consumer's awareness of
chocolate consumption drive the growth of the market.
According to TechSci
Research report, “Jellies and Gummies Market– Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F” The market for jellies and gummies is expanding
due to factors like the rise in the number of vegans on a global scale and
consumer spending on sweets like candies and jellybeans. Because of how popular
candies are with children are the primary demographic that candy distributors
aim to reach. A candy product's distinctive form, packaging, flavors, textures,
and sugar content entice consumers to purchase it. Snacking, self-incentives,
special occasions, holidays, and holidays are the main reasons people consume
gummies and jellies.
Manufacturers are developing creative
packaging and marketing strategies that distinguish products by their
wrappings, such as 3D wrapping, having a QR code on the wrapper for an online
game, and contest to engage customers, taking into account the most significant
and fastest-growing consumer group. The ease of handling and availability of
candies is responsible for increased demand for jellies and gummies in sugar
confectioneries worldwide. Jellies and gummies don't require refrigeration for
storage, unlike chocolates, which increases demand from rural areas of
developing nations.
Manufacturers of jellies and gummies are
switching gelatin for starch or pectin, a protein ingredient, to introduce new
varieties of vegetarian or vegan jellies and gummies. The use of vegetable- and
fruit-based components is likely to rise in the coming years due to the rising
demand for vegetarian jellies and gummies.
The market's expansion is hampered by
the health risks associated with excessive sugar and alcohol
consumption—concerns about these items being consumed in excess cause more harm
than good in children. Technology constantly evolves is another significant
barrier for manufacturing companies because it is technically challenging to
incorporate new production methods and procedures without incurring additional
costs.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Jellies and GummiesMarket"
The Jellies and Gummies Market is
segmented based on the type, distribution channel, end-user, and region. The
distribution channel segment is divided into specialty stores,
supermarkets/hypermarkets, exclusive stores, online, and others. The segment's
growth is anticipated to be boosted by several factors, including an increase
in internet users, a fast-paced lifestyle, smartphones, and the penetration of
e-commerce platforms. Additionally, features like product comparison, thorough
product descriptions, and simple exchange and refund options are helping
customers feel at ease with online shopping and increasing sales.
Key market players in the Jellies and
Gummies Market include:
- HARIBO GmbH & Co. KG
- Jelly Belly Candy Company
- Mars Inc.
- Mondelēz Global LLC
- Jelly Belly Candy Company
- Perfetti Van Melle Group
B.V.
- The Hershey Company
- Decoria Confectionery Co.
Ltd.
- Giant Gummy Bears
- Albanese Candy
Various
companies provide jellies and gummies, such as Jelly Belly Candy Company is an
American company that produces candy, including Jelly Belly jellybeans in
multiple flavors such as buttered popcorn, pineapple pear smoothie, pina
colada, crushed pineapple, lemon, kiwi, lemon-lime, mango, sour lemon, jewel
sour apple, chocolate mint, juicy pear, green tea, sour apple, etc.
Also, HARIBO GmbH & Co. KG Haribo is
a German confectionery company. The Company offers products such as gummy
candies, licorice wheels, fruit candies, and marshmallow confections worldwide.
The Company provides new jellies and gummies with many shapes, textures,
colors, and flavors.
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"In the market for jellies and
gummies, product innovation is a key trend that is gaining popularity. To adapt
to changing consumer demands, manufacturers are bringing innovations in jellies
and gummies. People are now choosing vegan diets and products like jellies and
gummies that use only vegan ingredients all over the world. Manufacturers should
develop vegan or plant-based jellies and gummies that don't contain animal
products to appease their vegan customers, enhance their brands, and remain
competitive in the market because gelatin, a key ingredient in jellies and
gummies, is made from connective tissue that was originally extracted from
animals.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
Jellies
and Gummies Market, By Type (Jellies and Gummies), By Category
(Conventional, Functional) By Distribution Channel (Supermarkets/Hypermarkets,
Departmental Stores/Grocery Stores, Online, and Others (Direct Sales, Specialty
Stores, etc.), By Region (North
America, Europe, Asia-Pacific, MEA, South America), By Top 3 Leading States, Competition,
Forecast & Opportunities, 2017-2027F”, has
evaluated the future growth potential of jellies and gummies and provides statistics and information on market structure, size, share,
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in jellies and gummies
market globally.
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