Gummy Market Size
The Global Gummy Market reached USD 19.2 billion in 2022 and is expected to reach USD 40.5 billion by 2030 and is expected to grow with a CAGR of 9.8%% during the forecast period 2024-2031. The trend of plant-based eating is on the rise, leading to an increased demand for plant-based gummies made with ingredients like pectin or agar-agar instead of gelatin.
The gummy market has seen remarkable growth, fueled by consumer demand for convenient and enjoyable snacks. With a wide variety of shapes, flavors, and sizes, gummies attract both children and adults. The market encompasses various gummy products, including vitamin, CBD-infused, and traditional fruity gummies. Innovation in packaging, along with health-conscious formulations, has played a key role in expanding the gummy market.
The driver of the expanding health and wellness industry is propelling the growth of the gummy market, as consumers increasingly prioritize their well-being. Gummies, with their combination of enjoyable taste and potential health benefits, fit well within this trend. For instance, Some major gummy brands introduce a line of collagen-infused gummies targeting consumers seeking to improve their skin health.
Market Scope
| Metrics | Details |
| CAGR | 9.8% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Source, Flavor, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising Demand for Vegan and Vegetarian Gummies Fuels Market Growth
The gummy market trend is driven by the growing demand for vegan and vegetarian options, as consumers seek gelatin-free alternatives. Gummies made with plant-based ingredients, such as pectin, are gaining popularity as they cater to the dietary preferences of vegan and vegetarian consumers. The use of natural flavoring agents and coloring agents derived from fruits and vegetables further enhances the appeal of these gummies.
An increasing number of individuals adopting vegan and vegetarian lifestyles, so, the demand for gelatin-free gummies is expected to fuel market growth. Manufacturers are embracing this trend by formulating a diverse range of delicious gummies that cater to the needs of health-conscious and environmentally-conscious consumers.
Flavor Innovation and Textural Delights Drive Gummy Market Growth
Flavor innovation and texture enhancement are key drivers of the gummy market, as manufacturers strive to offer unique taste experiences and appealing textures. Gummy manufacturers are utilizing a variety of flavoring agents to create a wide range of flavors, including traditional fruit flavors, exotic blends, and even novelty flavors. Additionally, texture modifiers are employed to achieve desired chewiness, softness, or mouthfeel.
These modifiers ensure that gummies have the ideal texture that consumers crave. The combination of innovative flavors and pleasing textures enhances the overall sensory experience and increases consumer satisfaction. With continuous flavor and texture innovations, the gummy market is poised for growth, captivating consumers with delightful taste sensations.
Regulatory Hurdles and Ingredient Constraints Impact Gummy Market Size and Share
The gummy market size is impacted by regulatory challenges and ingredient restrictions, which can influence the gummy market share. Compliance with these regulations is crucial to maintain consumer safety and prevent misleading claims, but it can pose challenges for manufacturers in terms of market share and the overall size of the gummy market.
Moreover, the availability and cost of alternative ingredients, such as plant-based gelling agents, may vary, impacting the size of the gummy market and the market share of specific products. Navigating these complex regulatory landscapes and ingredient restrictions requires careful attention to ensure market growth and innovation while adhering to regulatory standards.
Market Segmentation Analysis
The global gummy market is segmented based on source, flavor, distribution channel, and region.
Animal-Based Gummies Dominate the Gummy Market with a Majority Segment Share
The global gummy market has been segmented by source into plant-based and animal-based gummies.
Animal-based gummies represent a significant segment of the gummy market, accounting for a majority share of approximately 60% to 70%. These gummies are traditionally made using gelatin sourced from animal by-products. The animal-based segment holds a strong position due to its long-standing popularity, familiar texture, and characteristic chewiness that consumers enjoy.
Gelatin-based gummies offer a wide range of flavors, shapes, and colors, making them appealing to a broad consumer base. While the market has seen the emergence of plant-based alternatives, animal-based gummies continue to dominate the segment share, catering to consumers who appreciate the classic gummy experience. With ongoing advancements in ingredients and formulation techniques, animal-based gummies continue to evolve to meet changing consumer demands.
Market Geographical Share
The North America Region Held the Largest Share of the Gummy Market.
The North America gummy market, comprising gummy candy, gummy vitamins, and gummy supplements, demonstrates substantial market size and a competitive market share. Gummy candy continues to captivate consumers of all ages, offering a nostalgic and delightful treat. In recent years, the gummy market size has expanded with the growing popularity of gummy vitamins and supplements, as they provide a convenient and enjoyable way to meet nutritional needs and support overall health.
The market in North America exhibits a diverse product portfolio, innovative flavors, and appealing packaging, contributing to the growth of the gummy market share. With the increasing demand for both indulgent gummy treats and wellness-focused gummy products, the North America gummy market is poised for continued growth, driven by its expanding market size and competitive market share.
Market Companies
The major global players in the market include The Kraft Heinz Company, Mars, Incorporated, Haribo GmbH & Co. KG, Nestlé S.A., Ferrara Candy Company, Perfetti Van Melle, Albanese Confectionery Group, Inc., Black Forest GmbH, Jelly Belly Candy Company, and Hershey Company.
COVID-19 Impact On Market
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the gummy market. Increased consumer demand for comforting snacks drove gummy sales, while a heightened focus on health and wellness boosted the popularity of functional gummies. However, disruptions in the supply chain resulted in production challenges and material shortages.
Traditional retail channels experienced closures, leading to a shift towards online sales. The e-commerce sector witnessed substantial growth, providing a new avenue for gummy sales. As vaccination efforts progress, the gummy market is expected to recover, driven by ongoing consumer demand for enjoyable treats and the pursuit of health-conscious options.
By Source
- Plant-Based
- Animal Based
By Flavor
- Citrus
- Berries
- Tropical Fruit
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On January 03, 2023, Modicare Limited, one of India's leading direct-selling companies, expands its Well range with the launch of ‘Well Gummies’. Giving a fun twist to nutrition, Well Gummies underlines and advocates the need for improved dietary and lifestyle habits, especially among people who are always on the go.
- On April 26, 2023, Sirio Europe, a global nutraceutical contract manufacturer, will be launching two new collagen-based gummy products tailored for sports nutrition and beauty products at Vitafoods Europe in Geneva, Switzerland.
- On February 09, 2022, Amway India, one of India’s leading FMCG Direct Selling companies, for the first time ever introduced a range of nutrition supplements in trendy, tasty, convenient, and simplified formats like flavorful gummies and mouth-dissolving jelly strips under its flagship brand Nutrilite.
Why Purchase the Report?
- To visualize the global gummy market segmentation based on source, flavor, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of gummy market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global gummy market report would provide approximately 61 tables, 62 figures, and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
