Jellies and Gummies Market Poised for Substantial Growth with a CAGR of ~ 4% from 2022 to 2030
Research Reports
Jun 21, 2023
Market Research Future Insights
According to MRFR analysis, the global Jellies and Gummies market is expected to register a CAGR of ~4.00% from 2022 to 2030 and hold a value of over USD 43,588.2 million by 2030.
The Jellies and Gummies market refers to the segment of the confectionery industry that produces and sells chewy, gelatine-based candies that come in a wide variety of flavours, shapes, and colours. These products are typically consumed as snacks or treats and are popular among children and adults alike. The COVID-19 pandemic had a significant impact on the Jellies and Gummies market.
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During the initial stages of the pandemic, consumers’ focus shifted to purchasing essential items, resulting in a decline in the demand for non-essential products such as confectionery items. However, as the pandemic progressed, consumers’ demand for comfort food and treats increased, resulting in a rebound in demand for Jellies and Gummies. The market for Jellies and Gummies is expected to continue to grow in the coming years, driven by factors such as changing consumer preferences, the introduction of new and innovative flavours, and an increase in demand for functional and fortified confectionery products.
Key Players
Some of the market key players are Haribo, Jelly Belly Candy Company, MARS Inc., Mondelez International Inc., European Food Co. Ltd, Casa Del Dolce SRL, Cloetta, Decoria Confectionery Co. Ltd. and Meiji.
Market Segmentation
The Global Jellies and Gummies market has been segmented into type, Category and Distribution Channel.
Based on Type: Jellies and Gummies
Based on Category: Conventional and Functional
Based on Distribution Channel: Store-Based and Non-Store-Based
Regional Analysis
From a regional perspective, the Asia-Pacific region is the largest market for Jellies and Gummies, accounting for a significant share of the global market.
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This is primarily due to the large population and growing disposable income in countries such as China and India, which has led to increased demand for confectionery products. Europe and North America are also significant markets for Jellies and Gummies, driven by the popularity of these products among consumers and the presence of leading confectionery manufacturers in these regions.
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