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 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).

Popular confectionery products are gummies and jellies. These goods frequently contain a gelling agent or stabilizer. Conversely, gummy sweets are composed of gelatin and have a gummy texture. But jelly candies aren't just made of gelatin; they also contain agar, gum, starch, acacia, and other stuff. Although jelly beans have distinct textures, they lack the elasticity of gummies. Gummies and jellies have seen tremendous growth in the market in recent years. Factors driving market expansion include the increasing number of vegans, the flourishing confectionery sector, growing consumer spending, and greater awareness of the harmful effects of chocolate intake. Customers' rising preference for candy over chocolate and their frequent purchases have led to a surge in the popularity of jellies and gummies. Purchase decisions made by consumers are influenced by a variety of elements, including distinctive flavors, textures, shapes, packaging, and sugar content of the candies. The most common reasons people eat jellies and gummies are for snacks, occasions, personal incentives while on the go, and holidays. Children are the main target market for candy manufacturers because they are the largest sweets consumers. Due to expanding demand for jellies and gummies and more shelf space in stores when compared to other confectioneries, North America now leads the market for jellies and gummies and will do so for the duration of the projected period. On the other hand, new product introductions like sugar-free jellies and candies in the region are predicted to spur profitable growth in Europe.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Jellies and Gummies Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Jellies and Gummies Market Segmental Analysis

The Jellies and gummies market is segmented on the basis of type, flavor, category, distribution channel, consumer age, and region. The Jellies and gummies market is divided into two types: traditional and functional. The market is divided into flavours such as grapefruit, cherry, peach, berries, apple, and others. The Jellies and gummies market is divided into two categories: traditional and functional. The global Jellies and gummies market is divided into two segments based on distribution channel: store-based and non-store-based. The market is divided into two sections based on consumer age: under 14, 15-31, and over 31. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Drivers of the Global Jellies and Gummies Market

With the prevalence of childhood obesity increasing in both developed and developing nations, consumers are changing to healthier eating practices. Consumers are unlikely to purchase and consume jelly and candies consisting of sugar and glucose syrup due to their high sugar content and association with obesity. In an effort to stay in business, manufacturers have been forced by this trend to devise creative ways to cut back on sugar and calories. Manufacturers of jellies and gummies are heavily investing in sugar and artificial sweetener substitutes in order to appeal to the growing number of health-conscious consumers.

Restraints in the Global Jellies and Gummies Market

The worldwide market for jellies and gummies has suffered as a result of the Covid 19 outbreak. The production process has been disrupted by the cessation of production activities due to the application of severe social distance standards and lockdown regulations. However, it is anticipated that the market would rebound during the anticipated time frame. Companies in the vibrant jellies and gummies sector have been creating new flavors and variations to bring the market back to life.

Market Trends of the Global Jellies and Gummies Market

The market for jellies and gummies is expanding because to factors like the rise in veganism worldwide and consumer spending on sweets, jellies, and other confections. Children are the main target market for candy distributors because they enjoy candies so much. Candy items appeal to consumers due to their distinctive forms, tastes, textures, packaging, and amount of sugar. The most popular reasons to eat Jellies and candies include snacks, personal rewards, holidays, and special occasions.

By introducing bite-sized servings of low-fat sweets, top manufacturers in the jellies and gummies business are taking advantage of the growth prospects in the confectionery industry to increase sales among global consumers who are health-conscious. Research into sugar and artificial sweetener replacements, which are gaining popularity, is being actively funded by candy producers. In the upcoming years, businesses should benefit from the confectionery industry trends and additional growth characteristics.