Jelly Candies (Gummies) Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2019-2029
Jelly Candies (Gummies) Market: Outlook
The growing popularity of confectionery products among kids and adults altogether may serve as a prominent growth factor for the global jelly candies (gummies) market through the forecast period of 2019-2029. The technological advancements in the confectionery industry have further helped the global jelly candies (gummies) market to garner growth.
The infusion of new flavors and ingredients for making the jelly candies (gummies) more flavorful and tasty are generating extensive growth opportunities. Nonchocolate candies form an important consumer base. Many kids and individuals prefer fruit-flavored and soft candies rather than hard chocolates. This consumer base may prove to be a prominent growth generator for the jelly candies (gummies) market.
The availability of jelly candies in both sugar-based and sugar-free variants may help the jelly candies (gummies) market to garner immense growth. Earlier, the availability of just sugar-based candies deprived the jelly candies (gummies) market of a large consumer base having problems with excessive sugar consumption. Thus, the players added sugar-free variants to capture this consumer base, eventually inviting promising growth for the jelly candies (gummies) market.
This report has extensive information on a plethora of aspects related to the growth of the jelly candies (gummies) market. The L.E.A.P mechanism applied by the researchers enables a 360-degree view of the jelly candies (gummies) market. The CXOs derive the perfect information that allows them to chalk out their business strategy accordingly. This report also has scrutinized information about the novel coronavirus outbreak and its effect on the jelly candies (gummies) market.
Jelly Candies (Gummies) Market: Industrial Insights
The jelly candies (gummies) market is a mixed bag of many local and international players. These players are involved in fierce competition for obtaining a prominent position. New product launches are also in the pipeline. These launches are made possible through immense research and development activities.
The players add new flavors and infusions to make the jelly candies (gummies) more attractive and tasty for the consumer. In addition, the players are also involved in expansion activities. For instance, TopGum Industries, Ltd., an Israel-based manufacturer recently announced its plans to expand production to Europe and North America. Such developments bring promising growth for the jelly candies (gummies) market.
Some well-established players in the jelly candies (gummies) market are HARIBO GmbH & Co. KG, AUGUST STORCK KG, Grupo Bimbo SAB de CV, Mondelez International Inc., The Hershey Co., and Arcor Group.
Jelly Candies (Gummies) Market: CBD Gummies to Enhance Growth Prospects
Many infusions and tests are conducted across the jelly candies (gummies) market. Some prove to be extremely successful. CBD gummies are a classic instance. The infusion of essential CBD oils in gummies has attracted considerable attention from consumers and may prove to be a turning point for the growth of the jelly candies (gummies) market.
These gummies contain less than 0.3 percent THC and do not make one feel intoxicated. Consumption of these gummies can lead to reduced anxiety and can energize the body. It can also help to improve concentration. CBD gummies provide all these benefits with a great blend of taste. Hence, the sales of CBD gummies may prove to be useful in increasing the growth rate of the jelly candies (gummies) market.
Jelly Candies (Gummies) Market: Regional Perspective
Asia Pacific’s jelly candies (gummies) market may observe dominant growth across the forecast period of 2019-2029. The booming birth rate across densely populated countries like India and China may serve as a vital growth aspect as these candies are popular among kids.
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5-Point Growth Formula
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The 5-point growth formula includes the following points:
Current and Future Threats
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Accurate Trend Analysis
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The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
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