Jellies and Gummies Market Segmentation by Type, Application and Region

17^th May 2019 - The Global Jellies and Gummies Market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the availability of varying size, color and shape of jellies and gummies. Jellies and gummies are widely popular among different age groups, is considered as key market trend associated with jellies and gummies. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of jellies and gummies market.

Jellies and gummies are also available in different textures, appearance, and flavor, thereby enticing more consumers with sweet tooth. Launch of new product lines with enriched formulations is expected to propel market demand for jellies and gummies over the forecast period. Use of organic flavors and minimum adoption of artificial additives is further advancing market growth in the upcoming years. Jellies and gummies are increasingly prepared with exotic fruits, vegetables, liqueur and other sources. High content of vitamins, proteins, and fiber are found in jellies and gummies in the past few years. These factors are expected to favor market growth to a certain extent.

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In addition, easy availability and cheaper confectionery products with different brand names are predicted to drive the growth of jellies and gummies market over the forecast period. Increasing use of preservatives and gelling agents in jellies for longer shelf life and enhanced stability is estimated to amplify market value of the product. Moreover, sugar-free jellies and gummies are gaining traction among consumers, thus offering several revenue options for industry players in the past few years.

The market is broadly categorized into three major segments based on the application type such as confectionery industry, retail and wholesale industry and e-commerce industry. Retail and wholesale industry segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of jellies and gummies in retail and wholesale industry segment is attributed to the increasing demand for the product from different age group and higher market penetration.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest manufacturing technologies, rising demand for organic confectionery products, and existence of well-established manufacturing infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the jellies and gummies industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising consummation of confectionery products, increasing per capita income, changing food habits, and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the jellies and gummies market are Haribo, Jelly Belly Candy Co., Mondelez International, Inc., MARS Inc., European Food Co., Ltd., Casa Del Dolce srl, Cloetta Co., Decoria Confectionary Co., Ltd., Hatops Food Co., Ltd., The Meiji Group, Perfetti Van Melle Group B.V., and Ferrero International S.A.