The Asia Pacific Jellies & Gummies Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 524.7 kilo tonnes, showcasing a growth of 4.8% (2019-2022).
Manufacturers have been producing jellies and gummies with less sugar because consumers are switching from sugar-filled to sugar-free ones. Snacking, self-incentives, special occasions, and holidays are the primary reasons people consume gummies and jellies. Leading producers of jellies and gummies are producing bite-sized servings with low-fat alternatives to increase sales among health-conscious consumers by leveraging the development potential of the confectionery business.
Producers have been investing in studying sugar substitutes and artificial sweetener alternatives that are becoming increasingly popular. The jellies and gummies industry trends and incremental growth criteria are expected to create profitable business opportunities in the upcoming years. Companies, for instance, are carrying out R&D to enhance their current manufacturing procedure. They also have the chance to diversify their product line by bringing new flavors of jellies and gummies to market.
The Asia Pacific region has a strong snacking culture, with consumers enjoying snacks between meals. Jellies and gummies fit well into this snacking habit. As incomes rise and lifestyles become more urbanized, consumers in this region are increasingly looking for convenient and indulgent snack options like jellies and gummies. Therefore, the region presents lucrative growth prospects for the market.
The China market dominated the Asia Pacific Jellies & Gummies Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,560.8 million by 2030. The Japan market is registering a CAGR of 4.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.5% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Store Based, and Non-store Based. Based on Flavor, the market is segmented into Berries, Grapefruit, Cherry, Peach, Apple, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Jellies & Gummies Market is Predict to reach $19.9 Billion by 2030, at a CAGR of 4.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mondelez International, Inc, Mars, Inc., Nestle S.A., Haribo GmbH & Co. KG, European Food Plc Co., Ltd, Cloetta AB (publ), Meiji Holdings Co., Ltd., The Hershey Company, Ferrara Candy Company and Casa del Dolce S.p.A.
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Flavor (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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