Global Jellies and Gummies Market Overview:
Jellies have a base of Gelatin's protein that produces a transparent, flavourless foundation with an unmistakable texture. Gummis are jelly sweets that are brightly coloured, transparent, and have a fruity flavour. A jelly candy, on the other hand, is a little different. Carbohydrates, not proteins, are used to solidify jelly candies. Corn starch is commonly used to make jelly bean centres. Jellies and gummies are generally targeted at small children and teenagers. Due to their unique appearance; they quickly attract attention. With the increasing disposable income of the masses; the demand for Jellies and Gummies is also increasing. The Asia Pacific is the largest market for Jellies and Gummies followed by Europe and United States due to its large population.
As per latest study released by AMA Research, the Global Jellies and Gummies market is expected to see growth rate of 5.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Introduction Of New Flavours in The Jellies and Gummies
Market Growth Drivers:
Growing Demand of Jellies and Gummies Among Children and Increasing Demand for the Confectionery Products
Challenges:
Low Growth of FMCG Market Have Negative Impact on Jellies and Gummies Demand
Restraints:
Negative Perception of Jellies and Gummies as Unhealthy
Opportunities:
Innovating Marketing of Jellies and Gummies Will Boost Its Demand and Emerging Demand of Jellies and Gummies from Developing Nations
Competitive Landscape:
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are Jelly Belly (United States), ITC (United States), Cloetta AB (Sweden), European Food Co.Ltd (Thailand), Ferrara Candy (United States), Haribo (Germany), MARS Inc (United States), Meiji (Japan), Mondelez International, Inc (United States) and Wrigley (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Jellies and Gummies market by 2030. Considering Market by Speciality, the sub-segment i.e. GMO-Free will boost the Jellies and Gummies market. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets/Hypermarkets will boost the Jellies and Gummies market. Considering Market by Packaging, the sub-segment i.e. Plastic Wrapper will boost the Jellies and Gummies market. Considering Market by Flavors, the sub-segment i.e. Grape will boost the Jellies and Gummies market.
Latest Market Insights:
In Dec 2020, By the end of the year, Jelly Belly Candies Co. will have acquired Gimbal Brothers, LLC's jelly bean brand, Scottie Dogs licorice, and other chewy candy according to the company. The transaction's terms were not disclosed. Gimbal's reputation for excellent candies, along with Jelly Belly's family ties, created an opportunity for Jelly Belly to increase product offers and distribution in the marketplace, according to Jelly Belly.
In February 2022, HARIBO unveiled a range of Easter goodies that it claims will satisfy any gummy candy aficionado. The company announced the return of "past favorites" and introduced two new products. Jelly Bunnies and Chick 'n' Mix are among the new goods.
What Can be Explored with the Jellies and Gummies Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Jellies and Gummies Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Jellies and Gummies
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Jellies and Gummies market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Jellies and Gummies market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Jellies and Gummies Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.