Global Jellies and Gummies Market is expected to garner a revenue of USD 40 billion by 2024 with a CAGR of approximately 5% during the Forecast Period, 2019 to 2024. Gummies and jellies are prepared using hydrocolloids, which help in holding relatively high moisture content sugar syrup. The hydrocolloid gel impacts the texture, appearance, and flavor release of the products. With the technological advancement, preparation of jellies and gummies of varying size, shape, and color personalized according to the consumer’s choice, has become very much easy and has led to an extraordinary demand for jellies and gummies. Additionally, reduced number of calories and sugar in jellies and gummies has added to the growth of the global market.
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To Key Players
Key market players included in the Global Jellies and Gummies Market report include MARS Inc., Confidas, Jelly Belly Candy Company, Haribo, Hatops food, Mondelez International, Inc., Cloetta, Meiji, Perfetti Van Melle, Decoria Confectionery co. Ltd., and Casa Del Dolce SRL among others.
Global Jellies and Gummies Market are segmented based on type, distribution channel, and region. By type, the market is segmented into herbs & flowers, liqueur, fruit, vegetables, and others. Among these, the fruit segment dominates the market and is expected to retain its leading position due to the high demand and manufacture of fruit-based jellies and gummies. Meanwhile, vegetable gummies closely follow the fruit variety due to their use in gummy vitamins to make vegetables more appealing to kids who may be picky eaters.
By region, the global market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.
North America and Europe account for the largest and second largest regional markets, respectively. These regions have significant market players who dominate the market. Moreover, these regions witness high demands for jellies and gummies vitamins. Increasing consumptions of jellies and gummies among children have considerably boosted the market in these regions.
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