Do you want to catch up the newest trend of the Gummy market in 2022?
If your answer is YES. Then congratulations you are already be in the right place! Now, you just need to fill out a few lines below and click on submit, then later these reports will be in your mailbox. Please ensure you have leave a RIGHT email here. Because you can get them by free, only this week!!
The global jelly and gummies market size was valued at USD 15 billion in 2018 and is expected to register a CAGR of 3.5% from 2019 to 2025.
The market growth can be attributed the growing vegan population, booming candy industry, rising awareness regarding the side effects of chocolate consumption, and increasing consumer spending. Jellies and gummies have been gaining increasing traction over the years due to their rising popularity among consumers on account of their frequent purchases and growing consumption of candies over chocolate.
The market growth is attributed to the growing vegan population, booming candy industry, rising awareness regarding the side effects of chocolate consumption, and increasing consumer spending.
Factors impacting the purchase decision of consumers include unique flavors, textures, candies design, shape, packaging, and sugar content. Snacking, personal rewards on the go, occasions, and holidays are the major reasons for the consumption of jelly and gummies.
The major customers for jelly & gummies are kids due to their preference for sweet but also healthy food options as compared to adults. Major markets in this sector include China and India where non-veg diets are highly preferred but sweets which include JELLY & GUMMYs don’t cause them any health issues but still satisfy their cravings for sweets.
Over 85% of the world’s jellies and gummy candy are produced in Asia. The Middle East & Africa together make up over 10% of total jellies & gummy candy production globally, with China being the leading producer & exporter globally.
The demand for jelly and gummy candies has witnessed a strong demand from all age groups worldwide. The ongoing demand for jelly and gummy candies is majorly due to the ease of consumption and store as compared to chocolate products. Unlike chocolates which require a controlled temperature environment for its consumption, jelly and gummies can be consumed in any environment. This has contributed towards its increasing demand from rural areas.
The new hype amongst manufacturers in the sugar confectionery industry is to offer 3D packaging to distinguish their product from others, create branded environment around their product and gives customers a chance to personalize their products. There are far cheaper alternatives as well like printing on the lid instead of labelling, adding QR codes on wrapper for online games, or even offering packing with a discount coupon attached with it.
The growing candy industry is another major factor that will create new business opportunities for existing market players as well as new entrants during the forecast period.
With this report, marketers broaden their horizon on potential opportunities available in different segments of this market worldwide thus allowing them to make critical business decisions more easily.
Distribution channel is one of the most important factors that influences a country-wise growth of jellies and gummies market. Many grocery stores and restaurant outlets are expected to be the prominent distribution channels for this market in coming years.
The market for jelly and gummy snacks is anticipated to expand rapidly soon, with many grocery stores and restaurant outlets as the prominent distribution channels.
As per Research result, estimates that Americans spent approximately US$2 billion on sugar confectionery products.
The segment of non-store based is anticipated to account for 1.53% in the global market and the number of retail stores are expected to increase owing to the increasing demand for jellies and gummies in specialized food store segments like convenience food product-based retailing outlets, specialty health food stores, food pantry outlets, drugstores, and supermarkets in U.S.
The jelly, gummy, and fruit preserves market in North America is anticipated to register a healthy growth rate over the next five years. North America emerged as the largest market, accounting for a share of 34.2% in 2018. In North America, the U.S. alone accounted for more than 80.0% share of the overall revenue in 2018.
This scenario is attributed to growing demand for jellies and gummies and increasing shelf space in stores as compared to other confectioneries. Growing inclination of the millennials towards these products is driving the market. Many households in the U.S. consider it an affordable and healthy treat. American consumers are purchasing seasonal flavor jellies and gummies. California is responsible for over 10% of all the establishments in the U.S.
The Nordic region is the fastest-growing market in the candy industry. It accounts for 11 percent of total European sales, and its growth rate is almost three times that of Europe overall. Denmark, Finland, Sweden, and Norway are driving this growth – especially pick-and-mix sweets. The European region is the leading global market for food & grocery industry with a value of $4635 million in 2014 and projected to reach $5929 million by 2019.
This is where sugar absent confectionery is becoming popular especially in countries like the US. Sugar present in foods like gums or candies have been shown to increase risk of diabetes and other dental problems. Thus, the demand for sugar free confectionery from health-conscious consumers is increasing day by day across the globe.
The country scope market share of jelled confectionary, gummies and gumdrops market is analyzed by looking at the historical supply-demand statistics and prospects.
Amidst increasing popularity of health products, the demand for low-fat products such as low-fat candies have increased considerably. This has led to the growth of the global low-fat candies market.
The small size of bite size pieces appeals to several consumers globally, especially the health-conscious ones. Consumers are increasingly focusing on reducing sugar consumption and ensuring their body is in good shape and form.
Thus, manufacturers have started developing new strategies to promote their product range effectively in this highly competitive industry.
The Global non-chocolate confectionery market is expected to witness a CAGR of 6.08% during the period of 2016-2021, mainly driven by rising popularity of healthy lifestyle and easy access to products, especially in emerging economies. With their innovative packaging strategies, various players are trying to gain more control over the market by gaining a competitive edge over smaller brands. These key players may even expand their product category experts by introducing additional items in the candy segment.
The global Jellies & Gummies market is mainly concentrated in North America, Europe, the Middle East, Japan, China, and India. It is projected to grow at 3-4% CAGR from 2014 to 2019 on account of increasing awareness about health benefits of healthy eating and growing global population that are now into more of an urban lifestyle.
India is slated to overtake the U.S. to become the world’s largest gum market by 2017, according to Euromonitor data. It has been observed that growth in the Americas has been driven mainly by the large markets of USA and Canada. North America is by far the largest market, with a market share of 44% in the global market. U.S and Canada contribute to more than two thirds of the North American market share. The US gummies and jellies market is estimated to reach a value of $4.0 billion in 2018 after two consecutive years of slow growth. India, Japan, and China are expected to dominate the international Jellies & Gummies market and command maximum share.
The global market share for gummy candy is expected to grow at a CAGR of 12% over the next 5 years.42% of this growth will be driven by rise in penetration of adoptable technology, increase in affluent population and consumption demand.
The gummy candy segment is projected to grow at a rate of 5.9% in Asia, 2.6% in North America, 2% in Western Europe and 1.5% in Rest of the World (RoW) due to changing consumer preferences such as demand for healthy food products, convenient packaging and government initiatives.
The analysis predicts a massive increase in purchases during the years 2022–2024, comprising an average annual growth rate of 12%, which is higher than any other year in the past 6 years. The result is a 30% decline in sales in 2022-2024.After: Due to increasing cost of sugar, many gummy candy manufacturers have begun raising their prices resulting in a decline in sales.
As per the 2022-2024 forecast, the global gummy candy production is anticipated to be more than 2 billion kilograms. The current scenario indicates that there will be an opportunity for growth of 45%, which has created a lucrative business opportunity for the consumer products sector.
The increasing demand for healthier food and beverages is expected to drive the growth of the jellies and gummies market. The benefits associated with consuming such products, such as fiber content and low sugar content, are expected to boost the adoption rate of jellies and gummies. The growing popularity of homemade jelly and gummy snacks prepared using a single ingredient, such as fruit and gelatin, is expected to fuel the market growth during the forecast period.
Globally, the jelly and gummies market is expected to reach $208.2 billion by 2022 as compared to $191.7 billion in 2017 growing at a CAGR of 3.3% from 2017 to 2022.
The demand for vegan and sugar-free jellies and gummies is projected to rise during the forecast period. Substitutes for sugar in jelly and gummies are expected to increase during the forecast period. Jelly products that contain xylitol, a natural sweetener extracted from the birch tree, are anticipated to gain significant traction during the forecast period.
The rising use of ready-to-eat jelly and gummy snacks in grocery stores is projected to bolster the market growth during the forecast period.
Gummie bears are expected to maintain their lead as one of the most popular types of gummy candy for the foreseeable future, due to their extreme popularity among younger consumers who enjoy the sensation of chewing on or sucking on sugary bears. However, new fruit flavors are expected to rapidly gain popularity and become a major driving force in the overall growth of this market over time.
Jellies and gummies are two different types of candy. While jelly is a form of fruit preserve, gummy candies are made of gelatin. Jellies consist of fruit juice, which is heated and dissolved in sugar with the addition of pectin and citric acid to obtain a gel-like consistency. On the other hand, gelatin is an acidic protein extracted from animal by-products and used as a setting agent. Gummies are popular among kids of all ages, while jellies are more relished by adults.
Jelly and gummy are sugar-based confections made from pectin, gelatin, or starch and considered as functional food products because they contain high amounts of vitamins, minerals, dietary fiber, and other beneficial ingredients, such as antioxidants. The various types of jellies and gummies available in the market include: jelly beans, gum drops, gummi bears, gummy bears, fruit chews/mallows/drops/bears/squares/worms/ranchers, gummi worms, jelly babies/bit-o-honey, strawberry hearts/kisses/pops, sour fruits candy (e.g., Sour Patch Kids), and others.
Gummy bears are one of the most popular products among all other types of jelly & gummies. They are available in various shapes and sizes with different colors. Gummy bears have a significant number of calories due to their sugar content. Jelly & gummies are considered delicious confectionary with a number of health benefits.
The growing trend of consumers opting for healthy food products coupled with the rising demand for convenience food is expected to drive the market over the forecast period. Growing recreational activities such as hiking, trekking, biking among others is also projected to drive the growth of jelly and gummies market over the forecast period.
Jelly and gummy confectionery products are very popular among children. They are also enjoyed by adults for their sweet taste and melt in the mouth texture. Other common uses of jelly include as a filling for cakes and pastries, as well as being used as an ingredient in baked dishes such as breads, cakes, souffles and puddings. Gummy candies are another popular product that people consume on a regular basis. These are made with gelatin, which is derived from collagen obtained from various animal parts such as skin or bones.
The growth of the jelly and gummy market is attributed to the increasing demand for chocolates and gummies, rising consumption of jelly and gummies in confectionery products, growing demand for gummies in pharmaceutical applications, availability of natural flavors and colors, and technological advancements in flavors.
In terms of revenue, the hard candies segment held the largest share of 32.0% in 2016. It is expected to maintain its dominance over the forecast period owing to the increased usage of hard candies as ingredients in confectionery products such as chocolates.
The global jelly and gummy market is segmented on the basis of product type into:
Gummy sweets Hard candies Jellies Others (Jelly beans, Gummi bears, Jelly candy, Jelly babies, Jelly belly beans)
On the basis of end-use application, the global jelly and gummy market is segmented into:
Confectionery & bakery products Non-alcoholic beverages Alcoholic beverages Others (Toothpaste, Shampoo, Gelatin capsules)
The global jelly and gummy market is segmented on the basis of product type into hard candies, jellies, gummy sweets, and others (fruit jellies, gelatin desserts). Gummy sweets held the largest share in the global jelly and gummy market in 2015 (about 45%), followed by hard candies (about 31%) and jellies (about 23%). In terms of revenue, hard candies account for largest share in the global market due to its wider application across various end-user industries such as confectioneries, bakeries, frozen food, alcoholic drinks & sauces & condiments. Gummy sweets are expected to grow at highest CAGR during forecast period due to increasing consumption of sugar-free candy products around the world
The market is experiencing strong growth due to increasing demand for gummy bears, jelly beans, and gummies in the food and beverages industry. The market is also witnessing high demand in the pharmaceutical industry as a result of which several companies are producing gummy bears, jelly beans, and gummies as edible capsules for drugs. These factors are driving the growth of the global jellies and gummies market across all segments.
The Jellies & Gummies market is highly fragmented, since a large number of players have been operating in the market. The market is also consolidated and competitive, with new product launches and technological innovations being major strategies adopted by the leading players.
Till 2025, North America and Asia Pacific are estimated to account for a major share of the global Jellies & Gummies market revenue. In terms of value, the APAC region was estimated to account for a major share of the global Jellies & Gummies market in 2016. The growth of this region can be attributed to factors such as high population density and rising disposable income. The Asia Pacific region is also growing at a fast pace as consumers are increasingly indulging in non-essential food products such as Jellies & Gummies.
North America held the largest share of the Jellies & Gummies market in 2016, accounting for over 40% of the overall Jellies & Gummies market across the globe. Growth in this region can be attributed to increasing demand from the U.S., which has high disposable income levels and a growing population base, especially among children and adolescents.
In the last couple of years, there has been a surge in demand for jelly and gummy candy. This was driven by rising popularity of jelly and gummy candies, which were initially perceived as being a children’s candy. However, the demand for the jelly and gummy candies has increased among adults as well. Furthermore, manufacturers have also been increasingly innovating their products to make them more appealing to consumers across the globe.
The global jellies and gummies market is expected to grow at a significant CAGR during 2016-2021, owing to the growing popularity of jelly-based food products and increasing demand from emerging markets such as China, India and Brazil.
The global market for jellies is expected to reach USD 11.66 billion by 2021, according to a new report by Grand View Research, Inc. Growing demand for jelly-based food products across various applications including confectionery, snacks & savoury, beverages, desserts and bakery & others is anticipated to be one of the vital factors driving the market growth.
The growing demand for low-calorie food products owing to health conscious consumers coupled with the rising disposable income levels in emerging economies such as China and India would also fuel growth of jelly & gummies market in the coming years.
Growing consumer inclination towards healthy food products is expected to remain a key driver of the global jellies and gummies market. The increasing consumer preference for the ready-to-eat snacks owing to the growing preference for convenience in products is also projected to enhance the demand for the jellies and gummies market during the forecast period. The benefits offered by these products such as no cholesterol, trans fat free, as well as low calorie content are also expected to augment their demand in the coming years.
The global jellies and gummies market is projected to reach USD 3.5 billion by 2023 from USD 2.8 billion in 2017, at a CAGR of 5.0% during 2018-2023.
Jelly has been consumed for its taste for ages, but there have been concerns about its sugar content, additives, preservatives and colors used in it. However, with new innovations taking place in the jelly segment, there have been some remarkable changes in its formulation which is set to change its face completely in the next few years.
Jelly is a confectionery made from gelling sugar or syrup, generally flavored with fruit, vegetable, or meat extracts in a sweet base. It can be either clear (considered to be more savory) or opaque (considered to be more sweet). Gummies are similar confections made from gelatin and sugar. Either way it’s a simple process of boiling the mixture until it thickens that makes these chewy candies.
Jellies and gummies are popular confections among children and adults alike. They are the perfect treat for hot weather because they don’t melt as easily as chocolate bars, can be eaten without utensils and make easy snacks on the run. They can also be used as decorations at children’s parties or as part of gift baskets.
There are several different types of gels that can be used to make jelly-like candies.
The global jelly market is anticipated to reach USD 5.6 billion by 2024, according to a new report by Grand View Research, Inc., registering a CAGR of 7.9% during the forecast period. Growing demand for gummy and jelly-based confectionery products owing to their unique texture and flavor is expected to drive the market growth over the forecast period. Moreover, rising health concerns among consumers regarding artificial ingredients used in soft candy products is also expected to support the market growth during the forecast period. However, growing preference toward sugar & gluten-free products may hamper market growth over the coming years.
With the slowdown in the world economy, the Jelly and Gummy market is changing. The market demand is shifting towards healthier alternatives and new innovative products. In this report, we have analyzed this market on the basis of its size and growth rate as well as the various trends that have an impact on it. We have taken into account various parameters such as production capacity, supply chain management, marketing strategies, and distribution channel to study this market and present a holistic picture of it for our readers. This report focuses on the largest markets in the world and on those that offer significant growth opportunities. We also focus on smaller markets, which still represent significant potential for this product category.
In terms of product segment, jelly & jellies held the largest share of 43.8% in 2015 due to its high versatility in flavor and applications. Water gums are widely used as a thickening agent for preparing jellies and added texture in confectionery sector as well as bakery & dairy industry. In addition, gelatin is widely used for preparation of desserts such as puddings, mousse, preserves, trifles and jellies. Growing demand for premium confectioneries such as ice cream, candy bars, yogurt with jelly & jellies from young generation
The jellies and gummies industry is mature and has experienced steady growth over the past five years. In 2014, the industry’s total revenue was $559 billion, an increase of 8% from 2013, and it is projected to grow 4% per year through 2019, reaching $670 billion in total revenue. The industry is projected to reach $689 billion in total revenue by 2023.
The jellies and gummies market consists of three segments: basic jellies, jelly beans, and gummi candy. In 2014, the basic jellies segment generated $136 billion in total revenue, a 15% increase from 2013; this segment is projected to account for $147 billion by 2019. In 2014, the jelly beans segment generated $84 million; this segment is projected to generate $86 billion by 2019. The gummi candy segment generated $102 million in total revenue in 2014; it is projected to generate $106 billion by 2019.
The primary raw materials used by the jellies and gummies industry are sugar and corn syrup. Sugar sold at an average price per pound of 74 cents in 2014; this average price is expected to decrease 2% per year through 2019 due to increased global competition and increasing production costs.
The jellies and gummies market is projected to grow at a rate of 12.6% from 2017-2022, reaching $28.6 billion worldwide by 2022. This is attributed to factors such as the growing popularity of jelly in desserts and snacks, and the expanding use of gummies for medicinal and therapeutic purposes. As a result, the market for jellies and gummies has grown to an estimated value of $2.2 billion by 2023. This value chain analysis will analyze how gummies and jellies reach consumers, how they’re manufactured, where they’re manufactured, how they’re distributed and sold, who their competitors are in the marketplace, and what trends we can expect to see in the industry over the next few years.
Current report on the global Jellies & Gummies Market covers the present scenario and the growth prospects of the worldwide market for Jellies & Gummies during the period 2018-2023.
The jellies & gummies market is growing at a rapid pace, especially in developing economies such as India and China. Jelly is a type of food that is made by setting jelly desserts, drinks, and salads with agar to form a gel-like structure. Gummies are chewy candies or sweets made from sugar or corn syrup and gelatin that is frequently flavored or colored. These products can be consumed directly as they are, but they can also be used to make other dessert dishes. Jelly or gummy products are often packaged in small containers for consumption individually.
Jelly and gummies are the two most popular candies in the world. In fact, 10 out of 10 consumers worldwide love eating them. Jelly and gummies are mainly purchased by kids who love to chew them with their friends. Jelly and gummies have many flavors and colors and different shapes. They contain sugar as a basic ingredient which makes them tastier. Jelly and gummies help in improving immunity system of humans. These products are highly demanded during the summer season when people sweat a lot. Jelly and gummies can be stored for a long time without getting spoilt so they can be available throughout the year.
The demand for jelly & gummy candies is expected to reach USD 6.68 Billion by 2022 from USD 4.95 Billion in 2017, at a CAGR of 4.30% between 2017 and 2022. The major factors driving this market growth include the increased consumption of jelly & gummi candies among children and adults due to their taste and texture along with their affordable price tag compared to other confectionary items such as chocolate bars; growing health awareness among consumers regarding sugar content in jelly & gummi candies; rising demand from emerging economies such as China, India, Brazil, and Russia; high growth rate of e-commerce during the forecast period.
The global market for jellies and gummies is currently in the billions. In North America, the market for jellies and gummies is expected to grow at a rate of 2% over the next 10 years. The largest segment of this market is sweets, which also has the fastest growth rate.
The global jellies and gummies market is expected to reach USD 26.70 billion by 2025, Demand for functional food products coupled with rising health consciousness among consumers is anticipated to be the primary growth driver for the market over the forecast period.
The global jellies and gummies market is segmented into type, product, flavor and region. Type has been sub-segmented into jelly and gummy bears. Flavor includes fruits such as strawberry and orange; confectionary flavors such as chocolate, caramel and mint; artificial flavors such as bubble gum and peppermint; others such as coffee and nuts; and others such as cheese, barbecue, chili pepper, caramel popcorn, bacon and BBQ.
Product has been sub-segmented into tablets/capsules, sachets/bottle packs, powder/mixes, liquid/syrups, stick packs (jelly) and others. Regionally North America dominated the market in 2017 owing to presence of large number of players in the region along with strong presence of key players in countries such as U.S., Canada and Mexico that are expected to continue their dominance during the forecast period.
Consumers in North America prefer to eat these products as snacks or desserts. Jelly and gummy candy products are often used as garnishes in cocktail drinks at nightclubs and other entertainment venues. Jelly and gummy candies also make a fun addition to ice cream sundaes or milkshakes. Jelly or gummy candies are commonly used by children to decorate birthday cakes; they are also sold separately for this purpose. Jelly and gummy candy is also popular with adults who want to add some sweetness to their beverages or desserts.
North America is anticipated to witness considerable growth during the forecast period. This is attributed to the growing sweetener consumption in dairy, confectionery and beverages sector.
The growth of the global jelly and gummies market is mainly driven by the growing use of natural ingredients, growing demand for healthy food products, increasing number of sweet shops, growing demand for satiating snacks, and rising health awareness among consumers. In addition, rising trend among consumers to consume healthy products is also one of the major factors driving the growth of this market. The global jelly and gummies market’s share in North America is expected to grow at a CAGR of 10.7% during the forecast period.
The consumption of gummies is expected to grow at a significant rate with rising consumption of children. Gummies are consumed by both children and adults as they are low in calories and have a sweet taste. Major factors that drive demand include the growing aging population, rising health awareness, and favorable product shelf life. The growing popularity of gummies among athletes, owing to their high energy content, is also expected to complement market growth over the forecast period.
On the basis of type, the jelly and gummies market is broadly categorized into fruit jellies & gummies and others (confectionery jellies & gummies). The fruit jellies & gummies segment accounted for more than 70% share in 2017. Fruit jellies & gummies are preferred over others due to their sweet taste which makes them a preferred option for consumption as compared to confectionery jellies & gummies.
On the other hand, sugar-free jelly is expected to grow at a faster pace due to rising consumer awareness regarding sugar content in various food products. Improvements in technology, rising consumer awareness and product innovations are some factors that will drive this market during the forecast period from 2017 to 2024.
Jelly and gummies market is projected to reach USD 1.17 billion by 2022 from USD 0.97 billion in 2016, at a CAGR of 4.94%. The growth of this market can be attributed to the increase in demand for products with immune boosting properties, rising health concerns among consumers, and increasing product innovations in the market.
Jelly and gummies are candies that have a gelatinous texture, generally by using pectin. Jelly products are usually made of fruits or fruit juices blended with sugar. Jellies are smooth and soft whereas gummies are hard and chewable. Jelly is a major part of the gummies market owing to their appeal as a fruity candy. The market for jelly is expected to grow at the highest CAGR during the forecast period, owing to their wide range of health benefits such as improved immunity, better digestive health, and reduced aging signs.
The gummies market is projected to grow at the second-highest CAGR during the period 2017-2022.
These products are not only popular among children in the United States but also gain popularity among adults due to health benefits associated with them. For example, they are known to have immune-boosting properties, which makes them suitable for consumption during winter season. Rising consumer awareness regarding the health benefits of jellies and gummies encourages the growth of this market during the forecast period. Furthermore, advancements in technology have led to the introduction of products with distinctive flavors and textures such as sour, tingling, and freshness for consumers. The increasing demand for gummies containing natural flavors has further accelerated the growth of this market.
The European global gummies and jellies market is expected to reach $484.2 million in 2017, and grow at a CAGR of 8.5% during the forecast period 2017-2023.The global market for jellies and gummies is projected to reach $20 billion by 2023, up from $11.5 billion in 2018. Europe will represent the largest regional segment of the global jelly and gummy market, accounting for a share of $7.2 billion in 2018.
The European Jellies & Gummies market has witnessed a remarkable growth over the past years. Increasing demand for gummy candies, taffy and jelly beans has fueled the growth of the market across Europe. Key players in the market include Haribo (Germany), Nestle (Switzerland), Mondelez International Inc. (U.S.), Nissin Foods Holdings Co., Ltd. (Japan) among others.
The demand for tasty and healthy food products that contain essential nutrients is driving the growth of the jellies and gummies market across Europe. The increasing consumer awareness regarding health benefits of eating jelly & gummies is also expected to drive the growth of this market during the forecast period.
Moreover, manufacturers are using innovative techniques such as new flavors and colors to develop better tasting products to enhance consumer appeal for their products. In addition, technological developments such as online retailing are further projected to fuel growth of this market during the forecast period.
Jellies & Gummies market has continued to develop during the last two years in Europe. Nevertheless, the factor limiting the growth of this market is the high fruit and sugar content. Nonetheless, the launch of innovative products such as sugar-free products by large companies has become a major opportunity for international players to enter this market as well as expand their geographic presence in Europe.
The global jellies and gummies market is projected to reach $1.6 billion by 2025. Increasing health consciousness among consumers has led to the growth of the healthy jelly and gummy market. People are now more aware of the benefits of consuming healthy snacks such as jellies and gummies.
The global market for jelly and gummy-type products has grown steadily over the past decade. This market is expected to grow from $20.49 billion in 2016 to $27.01 billion by 2021. The Asia Pacific region is expected to contribute the highest market share of 49.7% in 2016, growing at a CAGR of 5.4% from 2016 to 2021.
Gummies, jellies and chewy candies are one of the fastest growing confectionery segments in the Asian food and beverage market. Sales of jelly sweets and gummies in Asia Pacific were valued at US$2.17 billion in 2013. Over 83% of the market is made up of children’s candy, with 7% being adult candy. Jelly products are an increasing trend in Asia with the emergence of new gummy products such as chewing gummi (gummi candy).
The jelly sweets market stands out amongst other gummy products due to its multi-functional properties, appealing to various age groups. This is because they are perceived as healthy options with low fat content. The global jelly sweets market is expected to reach US$3.04 billion by 2018.
Asia Pacific gummi bears market is expected to show potential growth rate till 2022. Asia Pacific gummies & jellies market has been witnessing increasing demand from the Middle East and North Africa (MENA) region in recent years. Growing population and changing lifestyles with rising disposable income are driving the market. Stringent law initiated by the government against consumption of non-health-compliant food products is also supporting the market growth in Asia Pacific region. India, China, Taiwan and South Korea are some of the major countries growing rapidly in Asia Pacific jelly & gummies market.
In a world where people are constantly on the move, it’s no surprise that demand for a quick, easy way to consume CBD is growing. That’s why so many people are turning to CBD gummies—often compared to vitamin C gummies.
CBD gummies are the latest phenomenon to hit the CBD industry. This is due to a number of factors, including the fact that they are more discreet and easier to consume, especially when compared with tinctures and vape oils. This is not surprising given that children can easily mistake their candy-like appearance for a regular treat.
The benefits of CBD have been known for centuries. It was first used in ancient China and India as a treatment for everything from chronic pain to anxiety and seizures. In more recent years, it has become an increasingly popular method of pain relief in the United States.
But what makes them so popular? Why are they so good for you? And how do you find the best ones for your needs?
The answer is simple: CBD gummies contain the same great benefits of CBD oil—without any of the hassle or mess! They’re portable, convenient, and relatively inexpensive compared to other methods of delivery. This means you can take them anywhere and at any time—even while traveling or at work.
Gummies are becoming popular among children and adults worldwide because they are soft, flexible, and pleasing to chew when compared to other forms of medicine such as pills or capsules. The increasing popularity of gummies is one of the major factors expected to trigger the growth of the market during the forecast period.
A large number of consumers are aware of the health benefits offered by CBD, and the demand for CBD-based products, especially edibles, is increasing at a rapid pace. The increasing popularity of CBD-based products will offer immense growth opportunities for vendors operating in the market. Currently, North America accounts for a significant share in the global CBD gummy-making machine market as it is expected to witness rapid growth during the forecast period due to increasing consumer awareness regarding the health benefits offered by CBD.
The CBD gummies market is promising and there are several factors, which will drive the market. The legalization of marijuana for recreational purposes may trigger the growth of this market in the coming years. Moreover, extensive research and development by leading companies will further boost the demand for marijuana-based products. The growing need to have a healthy lifestyle will be a significant factor driving the growth of this market during the forecast period. Government regulations for producing safe gummies with no side effects may act as key restraints for this market during the analysis period.
Insomnia strikes roughly 10–30% of the global population, this number would rise to 60-70% in forthcoming years. Notably, women, older persons, and those with physical and mental health concerns are more likely to suffer from insomnia.
The prevalence of sedentary lifestyles amid tight work schedules is leading to major disruptions in the sleep cycles of individuals, leading to heightening cases of insomnia. Consequently, people are seeking various approaches to counter the same. One such approach is consuming cannabis products, including CBD gummies which helps the mind relax.
Since gummies are so easy to swallow, it serves as a facile treatment for insomnia. Therefore, these rising insomnia cases are likely to skyrocket the growth of the CBD gummies market in the forthcoming years.
The healthcare sector is one of the biggest contributors to CBD gummies market growth. CBD gummies are useful in controlling our bodies’ inflammatory reactions. CBD products, such as gummies, are becoming increasingly popular as an alternative to traditional analgesics such as ibuprofen, aspirin, and others.
CBD has been found to have significant anti-anxiety and anti-depressant properties. Additionally, it is known to increase neurogenesis (brain cell growth) in critical areas of the brain associated with anxiety and depression. All these factors contribute as a prominent driver to the market’s growth in the upcoming years.
Most CBD products are not FDA-approved, as their strengths and purity can vary between brands and even within the same brand, which may not yield the desired positive results. Hence, their uptake is restricted in several countries.
Moreover, the availability of substitutes such as CBD dark chocolates, salad dressings, and protein supplements pose as a key restraint to effective adoption, hindering growth prospects.
Manufacturers are scrambling to obtain regulatory clearances from government organizations, primarily in the United States, due to the product’s numerous health and recreational benefits.
CBD gummies, for example, are now completely legal in Colorado, the most liberal state, as a result of rising demand. This opens up a lot of chances for market participants to advertise their items in different flavors.
Businesses were authorized to produce and sell hemp and hemp-based commodities derived from any component of the cannabis sativa L plant, including derivatives and seeds, under the 2018 Agriculture Improvement Act, also known as the 2018 Farm Bill Act.
Some good regulatory changes are helping the market. This includes hemp’s removal from the Controlled Substances Act (CSA), which means cannabis plants and products with less than or equal to 0.3 percent THC are no longer considered controlled substances under federal law.
These advancements benefited the market by allowing manufacturers to extend their product line, therefore fueling demand for CBD gummies and driving product launches in North America.
CBD gummies are one of the easiest — and most pleasurable — ways to take cannabidiol (CBD). They’re easy to use (no measuring or droppers required), portable, inconspicuous, and tasty, making them a great option for anyone looking to try CBD for the first time.
They could be effective for a variety of reasons, including anxiety and insomnia treatment. Veganism and gluten-free products are gaining traction in the CBD market as people become more aware of their benefits.
The need for these items will only increase in the near future as a result of the COVID 19 pandemic. As a result of this trend, demand for vegan and gluten-free CBD candies is expected to increase in the future years.
People’s lifestyles are being influenced by social media to a large extent. Many celebrities and powerful people utilize social media to advertise their brands. Celebrities frequently utilize CBD products, which are actively marketed on their social media profiles. Influential figures including Seth Rogan, Snoop Dogg, Olivia Wilde, Jay Z, Danny DeVito, Wiz Khalifa, and Willie Nelson, for example, are encouraging CBD use. The majority of celebrities have either launched their own brand or invested in a cannabis-related company. Kim Kardashian and Martha Stewart, both celebrities and businesswomen, take CBD gummies to help them sleep better. On social media platforms like Instagram, Twitter, and Facebook, these celebrities have a significant following. As a result, rising celebrity endorsements of CBD goods, including CBD gummies, and celebrity influence on the public are projected to drive the CBD gummies market in the future.