Market Research Future (MRFR) has announced a new release on the global Gummies Market Size. The report assesses all the key drivers and restraints affecting the movement of the global Gummies Market, in addition to the market’s segmentation and competitive landscape, and presents readers with a comprehensive picture of the market’s growth trajectory over the 2018-2023 forecast period.
Jellies and gummies are prepared with hydrocolloid gels, which affects their appearance, structure, and texture. The ease of preparing jellies and gummies with various flavors has led to the development of a wide-ranging market for jellies and gummies, which have become highly popular among consumers, especially children. Jellies and gummies are easy to produce and innovate, making them highly profitable for food and beverage companies. This has led many major players in the market to invest extensively in R&D. This is likely to ensure steady growth of the Gummies Market over the forecast period.
Competitive Analysis:
Leading players in the global Gummies Market include Haribo, Mondelez International Inc., European Food Co. Ltd., Hatops Food Co. Ltd., The Ferrero Group, Jelly Belly Candy Company, MARS Inc., Cloetta, Casa Del Dolce SRL, Meiji, Decoria Confectionary Co. Ltd., Confidas, and Perfetti Van Melle.
Segmental Analysis:
The global Gummies Market Size is segmented on the basis of type and distribution channel.
On the basis of type, the global Gummies Market is segmented into fruits, vegetables, liqueur, herbs and flowers, and others. The fruits segment is the dominant segment within the global Gummies Market due to their popular flavors. Fruits are by far the most popular product use for flavoring in the confectionary industry and are likely to remain the dominant segment within the global Gummies Market over the forecast period.
On the basis of distribution channel, the global Gummies Market is segmented into store-based and non-store-based distribution. Among these, store-based distribution is likely to dominate the global Gummies Market due to their strong conventional presence in countries across the world and the availability of a wide variety of jellies and gummy products in stores. Non-store-based distribution channels such as online shopping could also make significant gains over the forecast period.
Regional Analysis:
The global Gummies Market is segmented into North America, Europe, Asia Pacific (APAC), and Rest of the world. North America is the dominant regional market for jellies and gummies and is likely to retain the title over the forecast period. The major drivers for the Gummies Market Size in North America include its longstanding presence, leading to the establishment of solid distribution channels, and high popularity among kids, which has led to significant product innovation in order to include a wider range of flavors into jellies and gummies. The strong research environment in the food and beverages market in North America is also a key driver for the Jellies Market Growth in the region, as players in North America can make significant investments in research and innovation with more ease than in other regions.
Europe is also likely to remain a dominant regional market for jellies and gummies over the forecast period due to the strong presence of the confectionery industry and widespread popularity of jellies and gummies.
The increasing demand for naturally flavored jellies and gummies is expected to drive the Gummies Market in APAC over the forecast period. Countries such as China and Japan are likely to be among the leading consumers of confectionery products in the coming years, leading to steady growth of the Gummies Market.
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