Global Gummy Worms Market – Industry Trends and Forecast to 2031

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

Global Gummy Worms Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Gummy Worms Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 4.88 Billion
Diagram Market Size (Forecast Year)
USD 6.73 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Gummy Worms Market, By Product Type (Traditional Gummy Worms, Sour Gummy Worms, Organic Gummy Worms, Sugar-Free Gummy Worms, Novelty-Shaped Gummy Worms), Flavor (Fruit Flavors, Sour Flavors, Exotic Flavors), Distribution Channel (Supermarkets/hypermarkets, Convenience Stores, Online Retail, Specialty Stores), Packaging Type (Bulk packaging, Individual Packs, Resealable Bags, Jars), Consumer Age Group (Children, Teenagers, Adults, Seniors), Ingredient (Gelatin-Based, Pectin-Based, Vegan/Vegetarian, Natural Colors/Flavors), Price Range (Low-End, Mid-Range, Premium) - Industry Trends and Forecast to 2031.

Gummy Worms Market

Gummy Worms Market Analysis and Size

The gummy worms market is a segment of the broader confectionery industry experiencing steady growth due to their popularity among consumers of all ages. Key factors driving market growth include increasing demand for indulgent snacks, innovative flavor variations, and effective marketing strategies targeting diverse consumer preferences. Additionally, the convenience of gummy worms as on-the-go treats contributes to their sustained market relevance.

Data Bridge Market Research analyses that the global gummy worms market was valued at USD 4.88 billion in 2023 is expected to reach the value of USD 6.73 billion by 2031, at a CAGR of 4.1% during the forecast period of 2024 to 2031. 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

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Traditional Gummy Worms, Sour Gummy Worms, Organic Gummy Worms, Sugar-Free Gummy Worms, Novelty-Shaped Gummy Worms), Flavor (Fruit Flavors, Sour Flavors, Exotic Flavors), Distribution Channel (Supermarkets/hypermarkets, Convenience Stores, Online Retail, Specialty Stores), Packaging Type (Bulk packaging, Individual Packs, Resealable Bags, Jars), Consumer Age Group (Children, Teenagers, Adults, Seniors), Ingredient (Gelatin-Based, Pectin-Based, Vegan/Vegetarian, Natural Colors/Flavors), Price Range (Low-End, Mid-Range, Premium)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

HARIBO GmbH & Co. KG (Germany), Albanese Candy (U.S.), THE HERSHEY COMPANY.  (U.S.), Ferrara Candy Company. (U.S.), Kervan (Turkey), Wiley Wallaby (U.S.), Arcor (Argentina), Vidal Golosinas (Spain), Perfetti Van Melle (Italy), Jelly Belly International (U.S.)

Market Opportunities

Market Definition

Gummy worms are confectionery treats typically made from gelatin, sugar, and flavorings. They are shaped like worms and have a chewy texture. The ingredients are mixed, poured into molds, and allowed to set before being packaged for sale. Gummy worms come in various colors and flavors, appealing to a wide audience.

Gummy Worms Market Dynamics

Drivers

  • Consumer Demand for Indulgent Snacks

Consumer preferences for decadent snacks that combine flavor, texture, and convenience are on the rise. Gummy worms meet this need by offering a delightful and entertaining eating experience because to their chewy texture and variety of tastes. A wide range of people, including kids, teens, and adults, are drawn to these sweets because they are tasty snacks for parties, leisure time, and special events. Gummy worms are a popular choice for on-the-go snacking as consumer lives become more fast-paced due to their portability and simplicity of consumption, which is fueling demand and market expansion.

  • Continuous Product Innovation

To adapt to changing customer tastes and market trends, manufacturers in the gummy worm industry are always coming up with new ideas. In order to adapt to shifting dietary preferences and tastes, this involves providing new flavors, forms, and formulas. Such as the need for healthier gummy worm choices has increased, which has prompted the creation of formulations with natural, organic, and sugar-free ingredients. Similarly, customers seeking more daring flavor sensations have taken an interest in the debut of sour gummy worms. Constant product innovation drives sales and market expansion by drawing in new customers and encouraging current ones to try out new variations.

Opportunities

  • Sustainable Packaging and Sourcing

Incorporating sustainable packaging and sourcing practices presents a significant opportunity in the gummy worms market. By adopting eco-friendly packaging materials and sourcing ingredients from sustainable and ethical suppliers, companies can appeal to environmentally conscious consumers. This approach not only reduces environmental impact but also enhances brand reputation and customer loyalty. Additionally, it aligns with global efforts to promote sustainability, making it a compelling opportunity for businesses aiming for long-term growth and competitiveness.

  • Expansion into Emerging Markets

The worldwide market for gummy worms has a lot of room to develop because to emerging markets. There's a growing desire for Western-style candy items, such gummy worms, as nations in Asia, Latin America, and Africa see rapid urbanization and increases in disposable wealth. Manufacturers may take advantage of this by extending their marketing initiatives and distribution networks into these areas. Companies may obtain a competitive edge in emerging areas by customizing products to fit regional tastes and preferences and by changing the sizes and forms of packaging to better suit a range of customer demographics.

 Restraints/Challenges

  • Health Concerns and Regulations

Gummy worms and other candy goods are under closer examination as a result of growing public awareness of the health risks associated with excessive sugar intake. The demand for traditional gummy worm products may be impacted by health-conscious consumers who are more such asly to look for alternatives or cut back on sugary snacks. Regulatory bodies around the world are enforcing stricter rules and labeling requirements for sugary and high-calorie products, which may restrict the marketing and sale of specific gummy worm varieties. Adherence to these standards may result in higher manufacturing expenses and provide difficulties for producers about advertising, labeling, and composition.

  • Competition from Healthier Alternatives

The classic gummy worm business is under competition from the increased popularity of healthy snack choices including granola bars, fruit snacks, and nut mixes. Snacks with nutritional value and a reputation for being healthy are becoming more and more popular among health-conscious customers. In view of the fact that this, companies that produce gummy worms have fierce competition from these substitutes, which are frequently promoted as natural, organic, and sugar-free.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In March 2024, Albanese Confectionery Group launches a limited-edition collection of exotic fruit-flavored gummy worms. Leveraging consumer interest in adventurous flavor experiences, Albanese's new product line features unique fruit combinations sourced from around the world, including dragon fruit-pineapple, lychee-mango, and passion fruit-guava. With vibrant colors and bold flavors, these premium gummy worms target discerning consumers looking for innovative and indulgent treats. The launch underscores Albanese's dedication to innovation and product differentiation in the competitive confectionery market
  • In February 2024, The Hershey Company introduces a new line of sour gummy worms with natural flavors and colors. Responding to consumer demand for healthier options, Hershey's latest product innovation combines the tangy taste of sour gummies with natural ingredients, catering to health-conscious consumers seeking indulgent yet wholesome snacks. This development aligns with Hershey's commitment to offering a diverse range of confectionery products that meet evolving consumer preferences for taste, quality, and wellness

Gummy Worms Market Scope

The market is segmented on the basis of product type, flavor, distribution channel, packaging type, consumer age group, ingredient, price range. The growth amongst these segments will help you analyze meager 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.

Product Type

  • Traditional Gummy Worms
  • Sour Gummy Worms
  • Organic Gummy Worms
  • Sugar-Free Gummy Worms
  • Novelty-Shaped Gummy Worms

Flavor

  • Fruit Flavors
  • Sour Flavors
  • Exotic Flavors

Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retail
  • Specialty Stores

Packaging Type

  • Bulk Packaging
  • Individual Packs
  • Resealable Bags
  • Jars

Consumer Age Group

  • Children
  • Teenagers
  • Adults
  • Seniors

Ingredient

  • Gelatin-Based
  • Pectin-Based
  • Vegan/Vegetarian
  • Natural Colors/Flavors

Price Range

  • Low-End
  • Mid-Range
  • Premium

Gummy Worms Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by product type, flavor, distribution channel, packaging type, consumer age group, ingredient, price range.

The countries covered in the market report are the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.

North America is the fastest growing and is expected to dominate the region due to high consumer demand for indulgent snacks and a strong presence of key market players.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Gummy Worms Market Share Analysis

The market competitive landscape provides details by competitor. 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 market.

Some of the major players operating in the market are:

  • HARIBO GmbH & Co. KG (Germany)
  • Albanese Candy (U.S.)
  • THE HERSHEY COMPANY.  (U.S.)
  • Ferrara Candy Company. (U.S.)
  • Kervan (Turkey)
  • Wiley Wallaby   (U.S.)
  • Arcor (Argentina)
  • Vidal Golosinas (Spain)
  • Perfetti Van Melle (Italy)
  • Jelly Belly International (U.S.)


SKU-

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The Gummy Worms Market size will be worth USD 6.73 billion by 2031.
The Gummy Worms Market growth rate will be 4.1% by 2031.
Consumer Demand for Indulgent Snacks and Continuous Product Innovation are the growth drivers of the Gummy Worms Market.
The product type, flavor, distribution channel, packaging type, consumer age group, ingredient, price range are the factors on which the Gummy Worms Market research is based.
The major companies in the Gummy Worms Market are HARIBO GmbH & Co. KG (Germany), Albanese Candy (U.S.), THE HERSHEY COMPANY. (U.S.), Ferrara Candy Company. (U.S.), Kervan (Turkey), Wiley Wallaby (U.S.), Arcor (Argentina), Vidal Golosinas (Spain), Perfetti Van Melle (Italy), Jelly Belly International (U.S.).