The Global Jellies & Gummies Market size is expected to reach $19.9 billion by 2030, rising at a market growth of 4.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,907.8 kilo tonnes, experiencing a growth of 4.2% (2019-2022).
Some consumers prefer products with natural apple flavor derived from real apples, while others may not mind artificial flavors. Thus, the Apple segment registered $1,493.7 million revenue in the market in 2022. Its high vitamin, protein, and fiber content makes it a good energy source, increasing consumer demand for the product. As a result, the food industry is seeing increased demand for apple-flavored jellies and gummies. Apple flavor can be created using both natural and artificial flavoring agents. Some of the factors impacting the market are rising demand for vegan & sugar-free confections, increasing consumer inclination toward confectionery foods, and rising rate of childhood obesity.
The world's growing vegan population and consumers' high spending on candies, jellies, and other items are the main reasons the market for gummies & jellies is growing. The market value for gummies & jellies will increase further as customers become more conscious of the adverse effects of consuming sugar and gelatine. There is space for growth for new competitors in the expanding demand for sugar-free jellies and candies. Many consumers are looking for clean-label products with simple and recognizable ingredients. Vegan and sugar-free jellies and gummies typically have cleaner ingredient profiles, which resonate with consumers seeking transparency in food labeling. Therefore, the growing demand for vegan and sugar-free jellies and gummies will support the growth of the market throughout the forecast period. Additionally, the growing consumer demand for confectionary items drives the jellies & gummies market. Due to their deliciousness and ease of consumption, confectionery products are growing in popularity among customers who lead busy lives. In addition to being used as stand-alone candies, jellies and gummies are versatile confectionery items that can be used as toppings for desserts, cake decorations, and even as ingredients in cocktails and mocktails. Confectionery foods are often associated with indulgence and pleasure. Consumers seek out these treats to satisfy their sweet cravings and enjoy moments of sensory delight. These factors will aid in the expansion of the market.
However, Customers have changed to healthy eating habits as a result of escalating rates of obesity among children in industrialized and developing nations. The majority of consumers are under 17 years who buy jellies and gummies. Because of the high sugar content in jellies and gummies and its link to obesity, customers are less likely to purchase and consume gummies and jellies made with sugar and glucose syrup. Manufacturers have been forced to use creative strategies to lower the sugar and calorie content to maintain their customer base. These campaigns may influence consumer choices. Therefore, the rising rates of childhood obesity may hamper the growth of the market in the coming years.
By flavor, the market is categorized into grapefruit, cherry, peach, berries, apple, and others. In 2022, the berries segment acquired the highest revenue share in the market. A growing sense of health consciousness has increased the consumption of berry-flavored jellies and gummies. Berries are known for their potent antioxidants, high fiber content, ability to reduce inflammation, and favorable effects on the skin. Strawberry is one of the most consumed flavors, followed by blueberries, blackberries, and raspberries in terms of consumption.
Based on distribution channel, the market is divided into store based and non-store based. In 2022, the non-store based segment acquired a substantial revenue share in the market. Changes in work-life balance, increased travel, a growing desire for convenience, and rising interest in regional candies are the segment's driving forces. International players have a wide selection of jellies and gummies in their portfolio, including wheels, bottles, fruits, and living things. These goods are provided in sugary and sugar-free varieties to satisfy expanding customer demand across all age groups. Online purchases are becoming more popular among consumers due to product discounts.
Report Attribute | Details |
---|---|
Market size value in 2022 | USD 14.5 Billion |
Market size forecast in 2030 | USD 19.9 Billion |
Base Year | 2022 |
Historical Period | 2019 to 2021 |
Forecast Period | 2023 to 2030 |
Revenue Growth Rate | CAGR of 4.2% from 2023 to 2030 |
Number of Pages | 274 |
Number of Table | 550 |
Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Million, and CAGR from 2019 to 2030 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Flavor, Distribution Channel, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers |
|
Restraints |
|
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment recorded the maximum revenue share in the market. The demand for jellies and gummies in North America is driven by their broad appeal, flavor variety, convenient packaging, and the ability to cater to evolving consumer preferences and trends. Jellies and gummies are in more demand and, consequently, are taking up more shelf space in retailers than other confections. The market is being driven by millennials' increasing propensity for these goods. It is regarded as a cheap and nutritious treat in many American households.
Free Valuable Insights: Global Jellies & Gummies Market size to reach USD 19.9 Billion by 2030
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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
This Market size is expected to reach $19.9 billion by 2030.
Rising demand for vegan & sugar-free confections are driving the Market in coming years, however, Rising rate of childhood obesity restraints the growth of the Market.
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.
In the year 2022, the market attained a volume of 1,907.8 kilo tonnes, experiencing a growth of 4.2% (2019-2022).
The Store Based segment is leading the Market, By Distribution Channel in 2022; thereby, achieving a market value of $14.5 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.