Global Gummy Candy Market, By Type (Traditional Gummies, Functional Gummies, Organic Gummies, and Sugar-free Gummies), Flavor (Chocolatey, Creamy Indulgence, Fresh & Fruity, Sourpuss, and Others), Application (Child and Adult), Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Online Retail, Specialty Stores, and Others) - Industry Trends and Forecast to 2031.
Gummy Candy Market Analysis and Size
The global gummy candy market is experiencing steady growth, driven by consumers' penchant for indulgent treats and increasing demand for convenient, on-the-go snacks. With a wide variety of flavors, shapes, and formulations, gummy candies appeal to diverse demographics, making them a popular choice among both children and adults worldwide. Additionally, the availability of gummies in a preposition of organic and sugar-free labels is catering for consumers who are paying premium for healthier and more customized confectionery options.
Data Bridge Market Research analyses that the gummy candy market which was USD 8.12 billion in 2023, would rocket up to USD 12.37 billion by 2031, and is expected to undergo a CAGR of 5.4% during the forecast period of 2024 to 2031. “Chocolatey” dominates the flavor segment of the gummy candy market because it offers a unique and indulgent taste experience, diversifying the flavor profile of gummy candies and appealing to consumers seeking a rich and decadent treat. Incorporating chocolate flavor into gummy candies can attract chocolate enthusiasts and expand the market reach of gummy candy manufacturers.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Traditional Gummies, Functional Gummies, Organic Gummies, and Sugar-free Gummies), Flavor (Chocolatey, Creamy Indulgence, Fresh & Fruity, Sourpuss, and Others), Application (Child and Adult), Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Online Retail, Specialty Stores, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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HARIBO GmbH & Co. KG (Germany), Albanese Candy (U.S.), Ferrara Candy Company (U.S.), Perfetti Van Melle (Netherlands), PIM Brands. Inc. (U.S.), Trolli GmbH (Germany), Jelly Belly Candy Company (U.S.), THE HERSHEY COMPANY (U.S.), Mars, Incorporated (U.S.), Mondelēz International (U.S.), Nestlé (Switzerland), The Kraft Heinz Company (U.S.), YummyEarth, Inc. (U.S.), Bazooka Candy Brands. (U.K.), Meiji Holdings Co., Ltd. (Japan), MORINAGA & CO., LTD. (Japan), Sunkist Growers Inc (U.S.), Cloetta AB (Sweden), Grupo Bimbo (Mexico), AUGUST STORCK KG (Germany), and Arcor (Argentina)
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Market Opportunities
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Market Definition
Gummy candy is a type of confectionery characterized by its chewy, gelatin-based texture and wide array of shapes, flavors, and colors. Gummy candies are often manufactured from a combination of gelatin, sugar, flavorings, and food coloring that is heated and molded into various forms before cooling and solidifying into a soft, gummy consistency. Gummy candies are immensely popular among consumers of all ages due to their enjoyable texture and diverse flavor profiles, ranging from fruity and sour to savory and sweet. They are commonly available in the form of bears, worms, rings, and other playful shapes and are often enjoyed as standalone treats or incorporated into desserts, snacks, and party favors. Gummy candies remain a beloved indulgence in the confectionery market worldwide, with continuous innovation in formulations and the introduction of healthier and functional variants.
Gummy Candy Market Dynamics
Drivers
- Consumers Inclination towards Indulgent Snacks and Convenient Confectionery Options
Consumers seek convenient and portable snacks that provide quick gratification and satisfy their sweet cravings, as lifestyles become more fast-paced and hectic. Gummy candies offer a convenient and portable indulgence, making them an attractive option for on-the-go consumption and snacking occasions throughout the day.
Furthermore, the allure of indulgent treats remains strong among consumers, driving demand for confectionery options that offer a sensory experience and a moment of indulgence amidst busy schedules. Gummy candies, with their chewy texture, vibrant colors, and playful shapes, fulfill this desire for indulgence, enticing consumers with a range of flavors and formulations that cater to diverse taste preferences. This consumer inclination towards indulgent snacks and convenient confectionery options underscores the market potential for gummy candies and fuels innovation in product development and marketing strategies to capture consumer attention and drive sales growth.
- Growing Interest in Functional Ingredients in Gummy Candies
There is a rising demand for confectionery products that offer added nutritional benefits beyond traditional sweet treats as consumers become increasingly health-conscious. Gummy candies infused with vitamins, minerals, and supplements are popular among health-conscious customers looking for easy and pleasurable solutions to supplement their diets and satisfy their daily nutritional needs.
Furthermore, incorporating functional ingredients into gummy candies aligns with evolving consumer trends toward wellness and holistic health. With consumers prioritizing preventive health measures and seeking products that support overall well-being, gummy candies fortified with functional ingredients provide a convenient and enjoyable alternative to traditional supplement formats. This rising interest in functional gummy candies enables producers to differentiate their products, target specific health needs, and capitalise on the expanding demand for health-conscious confectionary alternatives.
Opportunities
- Changing Buyers’ Preferences towards Healthier and Natural Ingredients
As consumers become increasingly health-conscious, there is a growing demand for gummy candies made with wholesome and natural ingredients, such as fruit juices, plant-based colors, and organic sweeteners. Manufacturers can capitalize on this trend by offering gummy candies that align with consumer preferences for cleaner labels and transparent sourcing practices, thereby enhancing brand credibility and attracting health-conscious consumers.
Furthermore, the trend toward healthier and more natural ingredients presents an opportunity for gummy candy manufacturers to develop and diversify their product offerings. Manufacturers can create gummy candies that offer functional and nutritional benefits beyond traditional confectionery, by incorporating premium ingredients known for their health benefits, such as antioxidants, probiotics, and fiber. This diversification of product offerings allows manufacturers to tap into new market segments, including health-conscious consumers seeking guilt-free indulgence and parents looking for wholesome snacks for their families, thereby driving sales growth and market expansion.
- Innovative Flavors and Textures for Diverse Tastes
Gummy candy manufacturers can capture consumer interest and cater to evolving taste preferences by continually introducing new and unique flavor profiles. In addition, exploring innovative textures, such as dual-layered or crunchy gummies, allows manufacturers to differentiate their products and offer a sensory experience that appeals to diverse consumer palates.
Furthermore, customizing flavors and textures enables gummy candy manufacturers to target specific demographic segments and niche markets. By understanding regional flavor preferences and cultural influences, manufacturers can tailor their product offerings to resonate with local consumers, enhancing market penetration and brand loyalty. This strategic approach to innovation fosters consumer engagement and drives repeat purchases, positioning gummy candy manufacturers for sustained growth and competitive advantage in the dynamic confectionery landscape.
Restraints/Challenges
- Heightened Awareness of Sugar Consumption and Health Issues
There is growing scrutiny on the sugar content of confectionery products, including gummy candies, as consumers become more health-conscious. This increased awareness has changed consumer attitudes towards sugary snacks, with many opting for healthier alternatives or reducing their overall intake of high-sugar foods.
Moreover, regulatory initiatives aimed at curbing sugar consumption, such as mandatory labeling requirements and sugar taxes, further exacerbate the challenges gummy candy manufacturers face. Compliance with these regulations may necessitate reformulation efforts or changes to product labeling and marketing strategies, impacting brand positioning and profitability. As such, heightened awareness of sugar-related health issues presents a multifaceted challenge for the gummy candy market, requiring manufacturers to navigate consumer preferences, regulatory constraints, and health considerations to maintain market relevance and sustainability.
- Maintaining Product Quality and Consistency
Ensuring consistent product quality across batches is essential for maintaining consumer trust and brand reputation. However, factors such as variations in raw materials, manufacturing processes, and environmental conditions can lead to inconsistencies in texture, flavor, and appearance, necessitating robust quality assurance protocols.
Moreover, stringent regulatory requirements and industry standards complicate quality control efforts. Compliance with food safety regulations, allergen labeling requirements, and quality assurance certifications require meticulous monitoring and documentation throughout production. Failure to meet quality standards can result in product recalls, legal liabilities, and damage to brand credibility, underscoring the importance of effective quality control measures in the gummy candy industry.
This gummy candy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gummy candy market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In November 2023, emoji partnered with Trolli China to launch a new range of center-filled gummy candies, the first batch of emoji & Trolli brand products, consisting 24 designs delivered by company websites
- In May 2022, Bazooka Candy Brands. Launched its gummy innovation Push Pop Gummy Pop-it’s at Sweet & Snacks Expo in Chicago. The new Push Pop Gummy Pop-it comes various consumer-favorite flavors, including Berry Blast, Blue Raspberry, Strawberry, and Watermelon
Gummy Candy Market Scope
The global gummy candy market is segmented on the basis of type, flavor, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Traditional Gummies
- Functional Gummies
- Organic Gummies
- Sugar-free Gummies
Flavor
- Chocolatey
- Creamy Indulgence
- Fresh & Fruity
- Sourpuss
- Others
Application
- Child
- Adult
Distribution Channel
- Convenience Stores
- Supermarkets and Hypermarkets
- Online Retail
- Specialty Stores
- Others
Gummy Candy Market Regional Analysis/Insights
The gummy candy market is analyzed and market size insights and trends are provided by type, flavor, application, and distribution channel are referenced above. The countries covered in the gummy candy market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa.
Asia-pacific is expcted to dominate the gummy candy market and will continue to flourish its dominance due to the region’s diverse consumer preferences and the popularity of gummy candies as a sweet treat have contributed to the market’s expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gummy candy Market Share Analysis
The global gummy candy market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the gummy candy market are:
- HARIBO GmbH & Co. KG (Germany)
- Albanese Candy (U.S.)
- Ferrara Candy Company (U.S.)
- Perfetti Van Melle (Netherlands)
- PIM Brands. Inc. (U.S.)
- Trolli GmbH (Germany)
- Jelly Belly Candy Company (U.S.)
- THE HERSHEY COMPANY (U.S.)
- Mars, Incorporated (U.S.)
- Mondelēz International (U.S.)
- Nestlé (Switzerland)
- The Kraft Heinz Company (U.S.)
- YummyEarth, Inc. (U.S.)
- Bazooka Candy Brands. (U.K.)
- Meiji Holdings Co., Ltd. (Japan)
- MORINAGA & CO., LTD. (Japan)
- Sunkist Growers Inc (U.S.)
- Cloetta AB (Sweden)
- Grupo Bimbo (Mexico)
- AUGUST STORCK KG (Germany)
- Arcor (Argentina)
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