Gummy Candy Market Scope
Gummy Candy are the gelatine based sweet candies which are available in different shapes and size. Initially it was launched for children but later the adults also started consuming it. As the children are attracted towards the shapes and packaging, the manufacturers are working to innovate the same. The rising consumption and availability of wide range of candies is acting as a driving factor to this market.
The market study is being classified by Type (Nutraceutical, Medicalgums and Others), by Application (Children and Adult) and major geographies with country level break-up.
In Gummy Candies Market, the Key Players are Focusing on Developing new Taste and Packaging as it attracts the Children. They are also planning to Increase their Operations Across the Globe. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Gummy Candy market throughout the predicted period.
Haribo (Germany), Albanese (United States), Twizzlers (Canada), Hi-Chew (Japan), Sunkist (United States), Ferrara Candy Company (United States), Land of the Gummies (United States), Cloetta (Sweden), Ferrero (Italy), Mars (United States), Nestlé (Switzerland) and The Hershey Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nestle (Switzerland) and The Hershey Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Gummy Candy market by Type, Application and Region.
On the basis of geography, the market of Gummy Candy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Substances, the sub-segment i.e. Sugar-Based Gummies (Sbg) will boost the Gummy Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavors, the sub-segment i.e. Chocolaty will boost the Gummy Candy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In May 2019, Haribo the Fastest Growing Major Sugar Confectionery Brand in the U.S., Introduced new Watermelon Gummies and Z!Ng Sour Bites At the Annual Sweets & Snacks Expo in Chicago, Running May 21 Through May 23. The Two New Flavour Additions will Join Haribo’s Nearly 20 Crowd-Pleasing Varieties Including Top Fan Favourites Such as Gold Bears, Star Mix, Twin Snakes Sour Gold Bears and Happy Cola.
- Multi Vitamins Gummy Candies are Available which can be Consumed Easily
- Manufacturers are Introducing Candies which can be Used for Weight Management
- Demand For on the Go Consuming Products is Driving the Market
- Growing E-Commerce Industry is Providing the Platform to Sellers
- Increase in Chronic Diseases is Accelerating the Sale of Vitamin Gummy Candies
- Disposable Income has Increased Which has Allowed the People to Purchase These Kind of Products
- Government Restrictions on the Ingredients Added in the Candies
- High Manufacturing Costs are Incurred as the Sweetening Products as Ingredients are Priced Accordingly
- Overconsumption of Gummy Candies May Lead to the Health Issue
- Growing Health Consciousness Among the People is Affecting the Sale of Sweet Candies
Key Target AudienceManufacturers, Food and Beverage Industries, Research Institutes, Suppliers and Distributers and Government Associations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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