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May 21, 2019

Home / High Consumption Of Confectionery Items Among Kids To Drive Growth Of The Global Jellies And Gummies Market

High Consumption Of Confectionery Items Among Kids To Drive Growth Of The Global Jellies And Gummies Market

Steven Burnett

Last updated on:May 21, 2019 Market.us

Jellies and gummies are confectionery items which primarily contains gelatin and sugar. These confectioneries also contain glucose syrup, starch, flavoring, food coloring, and citric acid.

Jelly and gummy can be defined as confectioneries that are having soft, elastic consistency, owing to the existence of gelatin, pectin, etc. These gummies and jellies are produced through boiling fruit juice along with sugar to specific temperature, which gives a thick and sticky texture after boiling. These jellies later on can be used as a sweet spread for bread and toast, as a filling for cakes or doughnuts, etc. Increasing demand for fruit-based confectioneries is expected to augment growth in near future.


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Global Jellies And Gummies Market to Reach US$ US$ 3,144.1 Mn by 2028; Rise in Consumption Of Confectionery Items Among Kids to Boost Market

Jellies and gummies are most frequently consumed confectioneries among all age groups, but especially among kids. The availability of these confectionary items in wide variety of flavors and colors is influencing consumption of gummies and jellies. In addition, the packaging plays a vital role in sales of any kind of food products. Hence, manufacturers are adopting on attractive yet cost-effective packaging solution in order to increase sales. Moreover, manufacturers are also concentrating on extension of product portfolio by introducing new heath oriented confectionary items in order to sustain in competitive market.

However, high fragmentation of the market is one of the major factor expected to hamper growth of the global market. In addition, increasing awareness regarding dental problems associated with high consumption of confectioneries is another factor expected to challenge growth of the global jellies and gummies market. Stringent compliances of FDA regarding approval of food products is a factor expected to limit the global market growth to a certain extent.

trending_up Total Revenue in 2018

$2,227.5 Mn

trending_up Market CAGR of the Next Ten Years

3.5%

no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028
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trending_up Market Revenue of the Next Ten Years

$3,144.1 Mn

For instance, David Klein, the maker of quirkily-flavored Jelly Belly jelly beans, is now infusing candy with cannabidiol (CBD), one of the compounds found in marijuana plants that is non-psychoactive and won’t get users high like THC. It’s the latest mainstream candy to jump on the marijuana edible trend, joining the saturated market of gummies, chocolates and fruit snacks.

The market is North America is contributing significant shares, in terms of revenue, owing to strong presence of manufacturers. Strong network of distribution channels and increasing popularity of confectionery items among kids are some other factors driving growth of the jellies and gummies market. Asia Pacific market is expected to register substantial growth, owing to increasing consumption of confectioneries. In addition, availability of raw material and labor at competitive price is influencing manufacturers for expansion of their manufacturing units in the region, which is expected to fuel growth of the jellies and gummies market.

The Key trend observed in global jellies and gummies market is major players are investing in R&D in order to focus on the development of new product variants with improved formulations. The infusion of various flavors of exotic fruits, vegetables, etc., and benefits associated with these confectioneries including high amount of proteins, vitamins, and fiber is attracting a large base of health conscious population to buy these gummies and jellies. Thus, the demand for these kind of jellies and gummies in the food industry is high.

Steven Burnett

Steven Burnett has over 15 years of experience spanning a wide range of industries and domains. He has a flair for collating statistical data through extensive research practices, and is well-versed in generating industry-specific reports that enables his clients to better comprehend a market’s landscape and aid in making well-informed decisions. His hobbies include playing football and the guitar.

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