Jelly Candies (Gummies) Market Size to Grow by $ 490.22 mn through 2020-2024
The jelly candies (gummies) market is expected to grow by $ 490.22 mn, accelerating at a CAGR of almost 1% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Jelly Candies (Gummies) Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (Sugar-based and Sugar-free) and Geography (Europe, North America, APAC, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Jelly Candies (Gummies) Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arcor Group, AUGUST STORCK KG, Cloetta AB, Ferrero International SA, Grupo Bimbo SAB de CV, HARIBO GmbH & Co. KG, Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the Global Jelly Candies (Gummies) Market and it is expected to grow by USD 490.22 million accelerating at a CAGR of about 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Jelly Candies (Gummies) Market: Demand for organic sugar-free jelly candies to drive growth
One of the primary factors that will trigger the growth of the Jelly Candies (Gummies) Market size is that consumers prefer to choose from a diverse range of packaged food items, especially confectionery products. Hence, to increase their sales, gummies manufacturers are offering a large number of products of various sizes and ranges. The presence of a diverse and broad range of products allows consumers to a wide variety of choices to indulge their tastebuds. Children are also attracted to different kinds of flavors, shapes, and packaging used in sugar confectionery. Thus, jelly candy companies are focusing on the innovation and development of products with various shapes, packaging, and flavors. For instance, Gummy Bears and Gold Bears offered by HARIBO have a distinct shape and taste, which makes them very popular among children. Affordability and quality is also a significant point of focus for gummy companies, as they must offer innovative, quality products at low prices to attract customers. There is a growing demand for organic sugar-free jelly candies due to increasing awareness about the ill-effects of excess sugar consumption.
APAC will offer several growth opportunities to market vendors during the forecast period owing to factors such as the rising disposable income of consumers in highly populous nations such as India, Indonesia, Pakistan, Bangladesh, South Korea, and China and the growing number of various distribution channels such as convenience stores, independent stores, and online shopping web portals. 38% of the market’s growth will originate from APAC during the forecast period with China and Japan being the key markets for jelly candies. Market growth in this region will be faster than the growth of the market in other regions.
Jelly Candies (Gummies) Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Arcor Group, AUGUST STORCK KG, Cloetta AB, Ferrero International SA, Grupo Bimbo SAB de CV, HARIBO GmbH & Co. KG, Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
