Jellies and Gummies are candies prepared using hydrocolloids that have hard sugar shell and a soft center. Through, both jellies and gummies have different textures. Gummy is soft and more elastic in nature than any other candy. Gummies are made with gelatin (to give the texture). On the other hand, jellies are solidified using carbohydrates. Customized in shape, size, and color, jellies and gummies have led to an extraordinary demand from customers.
Increasing Demand For Jellies And Gummies To Fuel The Market
The craze for jellies and gummies among kids of all age groups in developed economies is one of the key-driven factors for market growth. Increasing awareness among consumers considering the use of natural ingredients such as exotic fruits, vegetables, liqueur, and other sources in the making of jellies and gummies is another major factor for the growth of the market. Additionally, the high amount of vitamins, proteins, and fiber make it a good source of energy, which has fueled the demand for jellies and gummies.
Furthermore, the availability of low-priced food products from different brands, and the growing demand for sugar-free products are some of the factors which have boosted the market demand.
Technological advancement which uses 3D food printer to make jellies and gummies of varying size, shape, and color personalized according to consumer’s choice, is one of the causes for the increase in the demand for the jellies and gummies. The reduction in the amount of sugar, calories, and preservatives in the product is another factor which has attracted consumers.
High Demand From Emerging Economies
North America is dominating the jellies and gummies market share since the past couple of years and is expected to dominate over the forecast period. With this, it can be assessed that North America has a massive opportunity for the Jellies and Gummies market. Industries in Japan, China, United States, and Europe accounts for 56% of the global consumer market share. Jellies and gummies market in Europe is also witnessing a huge demand over the forecast period owing to increased consumption, among kids. The market for jellies and gummies in China is growing at a rate of 3% and is expected to be reach 4% over the coming years.
It can be analyzed that the Jellies and Gummies market has a bright future globally. The market is witnessed to grow at a CAGR of approximately 3.5% over the forecast period, with North America leading the market globally. Furthermore, Asia Pacific also has witnessed a huge demand for the jellies and gummies over the forecast period.
Some of the leading key players in the jellies and gummies industry are Haribo (Germany) Hatops Food Co.Ltd (China), Jelly Belly Candy Company (U.S.), Mondelez International, Inc (U.S.), MARS Inc (U.S.), and European Food Co.Ltd (Thailand). Casa Del Dolce SRL (Italy), Cloetta (Netherlands), Confidas (Belgium), Decora Confectionary Co.Ltd (South Korea), Haribo (Germany) Hatops Food Co.Ltd (China), Meiji (Japan), Perfetti Van Melle (India), Casa Del Dolce SRL (Italy), and The Ferrero Group (U.S.) among others.