According to a report released by Report Linker on the jellies and gummies market, it will grow to be valued at US$2.79 billion by 2026, at a CAGR of 3.09%.
Jellies and gummies are slightly different, as gummies are made of gelatin and consist of a sticky texture and sweet chewy consistency. Jellies, by way of comparison, have a more solid texture than gummies as they don’t contain gelatin and use carbohydrates such as pectin, potato starch, maize starch and tapioca.
Differing flavours used in jellies and gummies such as grapefruit, cherry, peach, berries, apple and others. They are frequently distributed through store and non-store based distribution channels, with the largest region in terms of market value being North America in 2021. Asia-Pacific is expected to be the fastest growing region in the forecast period.
The increase in demand for confectionery goods among the global population is driving the jellies and gummies market. Consumers with fast-paced lifestyles are increasingly inclined towards confectionery products as they’re tasty and take no time to eat. Research conducted in September 2020 by BENEO found out that consumers shifted to confectionery products to help brighten their day during the pandemic, with around 62% of people eating chocolate or sweets at least 3 times a week or more.
This was particularly prominent in the younger generations (25 to 34), as 47% increased their sweet consumption. In 2021, it is expected higher consumption levels will persist. The rise in demand for these products is expected to propel the growth of the jellies and gummies market.
Product innovation is a key trend as manufacturers are working towards bringing innovations in jellies and gummies to meet changing demand of consumers. Across the world, consumers are opting for a vegan diet, jellies and gummies that comprise of vegan ingredients. Gelatin, a major ingredient in gummies, is from animal tissue, so to meet this demand for vegan products manufacturers are coming up with vegan or plant-based jellies and gummies that don’t contain animal products.
In June 2020, Jelly Belly Candy Company launched a line of vegan gummy candy in flavours such as apple, berry, lemon, orange and cherry, which don’t contain gelatin and are coloured with natural ingredients.
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