What is the global market size of Jellies and Gummies Market?

Jellies and Gummies Market size was valued at USD 31849.5 million in 2021 and is poised to grow from USD 33123.4 million in 2022 to USD 42278.6 million by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

Global Jellies and Gummies Market Size, Share, Growth Analysis, By Distribution channel(store-based and non-store-based), By categories(conventional and functional) - Industry Forecast 2024-2031

Report ID: SQMIG30C2080 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 79

Global Jellies and Gummies Market Dynamics

Driver

Sugar Free and Healthy Jellies and Gummies to Bolster Its Demand during Forecast Period

Consumers are shifting to healthier eating habits as the incidence of childhood obesity rises in both developed and developing countries. The high sugar content of jellies and gummies, as well as its link to obesity, are likely to deter consumers from purchasing and consuming Jellies and gummies made from sugar and glucose syrup. This trend has prompted manufacturers to come up with novel ways to reduce sugar and calorie content in order to retain their customer base. To cater to the health-conscious consumer base, jelly and gummy manufacturers are heavily investing in sugar and artificial sweetener alternatives.

Due to increased demand for animal-free products, jelly and gummy manufacturers are increasingly using vegetable-based proteins and gelling agents in the preparation of jelly and gummy confectioneries.

Restraints

Ever Changing Technology and Harmful Effects of Sugar to Hinder Market Growth

There are several constraints in the jellies and gummies market that reduce its attractiveness and growth potential. A major impediment is an increase in health concerns among health-conscious people. Another significant constraint is the ever-changing nature of technology. It could be a major bottleneck for businesses, as they may find it difficult to implement new technologies in their production processes and activities. While operating in a global environment, businesses must consider various jellies & gummies industry trends that could act as constraints.

The Covid 19 pandemic has had a negative impact on the global jellies and gummies market. Due to the implementation of strict social distancing guidelines and lockdown norms, production activities have ceased, disrupting the production process. The market, however, is expected to recover during the forecasted period. Businesses in the dynamic jellies and gummies market have been developing new flavours and varieties in order to revitalise the market.

Global Jellies and Gummies Market Report Snapshots

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Jellies and Gummies Market size was valued at USD 2.54 billion in 2022 and is poised to grow from USD 2.68 billion in 2023 to USD 4.18 billion by 2031, at a CAGR of 5.68% during the forecast period (2024-2031).

The market for jellies and gummies is regarded as one of the most appealing of recent times. As the market audience's preferences shifted toward confectionery items, the market's attractiveness increased, increasing the level of competitive intensity. 'Albanese Confectionery Group, Inc.', 'Arcor SAIC', 'Ferrara Candy Company', 'Haribo GmbH & Co. KG', 'Jelly Belly Candy Company', 'Just Born Quality Confections', 'Kervan Gida Sanayi ve Ticaret AS', 'Lindt & Sprüngli AG', 'Mars, Inc.', 'Meiji Co., Ltd.', 'Mondelez International, Inc.', 'Morinaga & Co., Ltd.', 'Nestlé SA', 'Perfetti Van Melle Group B.V.', 'Ritter GmbH & Co. KG', 'Royal Fassin BV', 'Smarties Candy Company', 'The Hershey Company', 'The Kraft Heinz Company', 'Trolli GmbH', 'December 2023 Gummies as a Delivery Medium Studies are being conducted to investigate the use of gummies as a vehicle for the delivery of vitamins, drugs, and even nutraceuticals. They are therefore a practical and tasty way to take vitamins or other necessary nutrients. ', 'In celebration of National Candy Day, HARIBO unveiled Berry Clouds, their newest gummi creation, in April 2022. Berry Clouds are distinctive triple-layered candies that have a soft, sweet chew that appeals to both adults and children. ', 'In Feb 2022, Amway Corp. India introduced nutrition supplements in stylish, attractive, convenient, and simple formats such as flavorful candies and mouth-dissolving jelly strips under its flagship brand Nutrilite ', 'In May 2022, Jelly Drops, a candy flavor was introduced in the candy market that helps people stay hydrated, and has launched in the United States. Jelly Drops are produced with 95% water with additional electrolytes, and are sugar-free. It is making huge strides in the elderly population of those with Alzheimer's. '

Consumers are shifting to healthier eating habits as the incidence of childhood obesity rises in both developed and developing countries. The high sugar content of jellies and gummies, as well as its link to obesity, are likely to deter consumers from purchasing and consuming Jellies and gummies made from sugar and glucose syrup. This trend has prompted manufacturers to come up with novel ways to reduce sugar and calorie content in order to retain their customer base. To cater to the health-conscious consumer base, jelly and gummy manufacturers are heavily investing in sugar and artificial sweetener alternatives.

Factors such as the global increase in vegan population and consumer expenditure on jellies, candies, and other confectionery goods are driving the growth of the jellies and gummies market. Children love candies, and they are the primary target consumers for candy distributors. Customers are drawn to candy products because of their unique design, form, packaging, tastes, textures, and sugar content. Snacking, personal incentives, holidays, and special occasions are the most common reasons for consuming Jellies and gummies.

Various factors may come into play and influence performance in each of the regions. During the forecasted period, the North American region is expected to have an impact on the global market's expansion. Some of the key factors expected to benefit the region include flavour innovation and the introduction of new Jellies and gummies, resulting in expanded product portfolios. In 2021, North America was the largest region in the jellies and gummies market.

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Global Jellies and Gummies Market Size, Share, Growth Analysis, By Distribution channel(store-based and non-store-based), By categories(conventional and functional) - Industry Forecast 2024-2031

Global Jellies and Gummies Market Dynamics

Global Jellies and Gummies Market Report Snapshots

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