Jelly Candies (Gummies) Market to grow at a CAGR of 3.73% from 2022 to 2027; Arcor Group, Mars Inc., Ferrero International S.A., and The Hershey Co. among top players - Technavio

NEW YORK, March 24, 2023 /PRNewswire/ -- The global jelly candies (gummies) market size is estimated to increase by USD 1,454.74 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.73%. Technavio has segmented the market based on the product (sugar-based and sugar-free), distribution channel (offline and online), and geography (Europe, North America, APAC, Middle East and Africa, and South America). A few prominent vendors that offer jelly candies (gummies) in the market are Albanese Confectionery Group Inc., Arcor Group, AUGUST STORCK KG, Bazooka Candy Brands, Cloetta AB, Decoria Confectionery Co. Ltd., Ferrero International S.A., Giant Gummy Bears, HARIBO GmbH and Co. KG, House of Candy, Jelly Belly Candy Co., Mars Inc., Mederer GmbH, Mondelez International Inc., Nestle SA, Perfetti Van Melle Group BV, The Hershey Co., Wowo Group, YILDIZ HOLDING, and Yupi Indo Jelly Gum Corp. and others.

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Jelly candies (gummies) market – Vendor Offerings -

• Giant Gummy Bears – The company offers jelly candies (gummies) made of artificial flavors like orange, mango, and others.
• Haribo GmbH and Co. – The company offers jelly candies (gummies) in flavors of fruits and contain glucose.
• Mars Inc. – The company offers jelly candies (gummies) that are available under the brand name of M&Ms, Snickers, Orbit, Extra, and Skittles.

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What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Jelly Candies (Gummies) Market - Segmentation Assessment

Segment Overview

• The market in focus is segmented based on product type by sugar-based jelly candies (gummies) and sugar-free jelly candies (gummies).
• The sugar-based segment is a major contributor to the global jelly candies (gummies) market during the forecast period. Sugar-based gummies are usually gelatin-based chewable candies with high amounts of sugar.
• They are available in different sizes and shapes. Sugar-based jelly candies (gummies) are popularly available in animal shapes like worms, teddy bears, snakes, fish, dinosaurs, dolphins, and turtles, among others.
• The growing number of organized retailing outlets and the rising demand for gelatin-free organic gummies drive the growth of the segment.

Geography Overview
By geography, the global jelly candies (gummies) market is segmented into Europe, North America, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global jelly candies (gummies) market.

• The Europe region is estimated to contribute to 35% of the market growth during the forecast period. The reasons for this growth are the rising health consciousness among consumers preferring sugar-free jelly candies (gummies).
• The online sales of jelly candies (gummies) have increased due to the increasing sales of packaged food and meat products.
• The growing trend of gifting and consumption of products with mixed-fruit flavors is expected to drive the regional market growth during the forecast period.

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Jelly Candies (Gummies) Market – Market Dynamics

Leading Drivers – 

• The growing demand for organic sugar-free jelly candies (gummies) is a major driver for the market growth during the forecast period.
• These are usually made from fruits and ingredients free from synthetic herbicides, fertilizers, and pesticides.
• Various vendors in the global market offer organic fruit and ingredient-based jelly candies (gummies). These vendors usually provide complete product information to consumers on the packaging, which includes the list of ingredients as well as their sources.
• For instance, Jelly Belly Candy Co. (Jelly Belly Candy) offers sugar-free jellybeans, gummi bears, and candy.

Key Trends – 

• The global jelly candies (gummies) market is influenced by the growing online retailing. E-commerce has become a popular distribution channel for the market in focus in the last decade.
• Consumers find product offerings from various regional and global brands of jelly candies (gummies) on various websites.
• Brand-owned online formats and pure-play e-retailers are among the various types of e-commerce portals offering jelly candies (gummies).
• E-commerce vendors allow customers to collect information like the ingredients and calories, such as carbs per serving and compare various jelly candies (gummies) available on the site.

Major challenges – 

• The growing demand for substitute products is a major challenge impeding the growth of the global market.
• The substitute products for jelly candies (gummies) are medicated and hard-boiled confectionary like marshmallows, licorice, and jellybeans. Other snacks like chips, crackers, pretzels, dry fruits, and watermelon seeds also hinder the growth of the globaFacingl market in focus.
• Additionally, dark chocolates, which are perceived to be healthier options compared to milk or white variants have gained popularity in the last few years.
• Hence, with the growing health-conscious population, the global market may face challenges in market growth.

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What are the key data covered in this Jelly Candies (Gummies) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the jelly candies (gummies) market between 2023 and 2027
• Precise estimation of the size of the jelly candies (gummies) market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Jjelly candies (gummies) market across Europe, North America, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of jelly candies (gummies) market vendors

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Sugar-based - Market size and forecast 2019-2024
• Sugar-free - Market size and forecast 2019-2024
• Market opportunity by Product

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive landscape

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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
• The Hershey Co.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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