The Jellies And Gummies Global Market Report 2023 by The Business Research Company, provides jellies & gummies market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Jellies And Gummies Global Market Report 2023, the market size is expected to grow from $2.47 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of jellies & gummies is expected to grow to $2.81 billion in 2027 at a CAGR of 2.5%.
The increase in demand for confectionery goods among the global population is driving the jellies and gummies market. Confectionery products refer to sweet meals and consumables such as baked pastries, candies, jellies, gummies, and sweets. Consumers with a fast-paced lifestyle are increasingly inclined toward confectioneries as they are tasty and consume less time.
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The jellies & gummies market is segmented:
1) By Type: Jellies, Gummies
2) By Flavor: Grapefruit , Cherry , Peach , Berries , Apple , Other Flavors
3) By Application: Consumer Aged Under 14, Consumer Aged 15 to 31, Consumer Aged 31 and Older
4) By Distribution: Store Based, Non-Store Based
Product innovation is a key trend gaining popularity in the jellies and gummies market. Manufacturers are working towards bringing innovations in jellies and gummies to meet the changing demand of the consumers. Across the globe, people are now opting for a vegan diet and jellies and gummies that are made of vegan ingredients. Gelatin, a major ingredient in jellies and gummies, is created from animal-derived connective tissue, and manufacturers are coming up with vegan or plant-based jellies and gummies that do not contain animal products to satisfy their vegan consumers, enhance their brand and stay competitive in the market. For instance, in June 2020, Jelly Belly Candy Company, a US-based jelly beans, and candies manufacturer launched a line of vegan gummy candy in various natural flavours such as apple, berry, lemon, orange, and cherry. These are vegan, do not contain gelatin, and are coloured with natural ingredients.
The jellies & gummies market report table of contents includes:
1. Executive Summary
2. Jellies & Gummies Market Characteristics
3. Jellies & Gummies Market Trends And Strategies
4. Jellies & Gummies – Macro Economic Scenario
5. Jellies & Gummies Market Size And Growth
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26. Africa Jellies & Gummies Market
27. Jellies & Gummies Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Jellies & Gummies Market
29. Jellies & Gummies Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Haribo
- Cloetta
- Ferrara Candy
- Nestle
- Mondelez International Inc
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