About Sour Gummies
Sour gummy are sour candies made up of fruits flavours like strawberries, blueberries, oranges and others. It is consist of citric acid, malic acid, tartaric acid, and fumaric acid. The sweetness of this gummies are came from fruit and honey. It does not contain artificial sugar and flavours. Sour Gummies are very popular among children’s and adults. It is preferred as healthy snacking options. Increasing popularity of RTE snacks and candies has created growth opportunity for the market. Geographically, Asia pacific region is expected to grow with highest market share owing to rising food & beverages industrial expenditure followed by North America and Europe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The market of Sour Gummies is expected to grow with rising demand for candies and gummies. Several companies are operating in the market to provide Sour Gummies with number of flavours. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haribo (Germany), Albanese (United States), The Hershey Company (United States), Swedish Fish (Sweden), Sunkist Growers, Incorporated (United States), Ferrara Candy Company (United States), Paradise Confections (United States), Efrutti (Germany), Raghuleela Innovative Technology. (India) and Karna Candy Private Ltd. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sour Gummies market by , Application (Children’s and Adults) and Region.
On the basis of geography, the market of Sour Gummies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel , the sub-segment i.e. Online {E-Commerce, Company Website} will boost the Sour Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Fruits {Strawberries, Blueberries, Orange, Others} will boost the Sour Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Smell Proof Bags will boost the Sour Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge demand for Fruits Flavours is expected to gain High Market Share
Market Growth Drivers:
Growing Infrastructure of Food & Beverages Industry and Increasing Popularity of Candies, Gummies among Children’s
Challenges:
Presence of Alternatives
Restraints:
Side Effects owing to Continues Consumption
Opportunities:
Growing Popularity of Flavoured RTE Snacks has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In October 2023, Wyld, one of the top cannabis brands in the United States, expanded its sour gummy product line with a Hybrid-enhanced sour tangerine gummy.
Key Target Audience
Sour Gummies Manufacturers, Sour Gummies Providers, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.