-- Market Overview
Global Sugar-Free Gummies Market of estimated to witness a massive growth of about 7.1 percent at CAGR of 7.1 percent. This growth rate is estimated to be achieved between the forecasted period of 2020 and 2025. The global market size of the sugar-free gummies is estimated to reach 5.5 billion US dollars by the forecasted year of 2025. The product can be easily got through a whole range of online and traditional offline stores being available with a lot of flavors.
Sugar-free gummies market shows a great prospect in the global gummies market with a significant growth rate. Among these, the growing consumer preference for it around the world is the foremost one. The growing demand for confectionery product is the prime reason behind the huge boost of the market in all domains around the globe. The ease of availability of these products is also one of the reasons behind the better customer satisfaction, and hence the noteworthy demand around the globe.
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The gummies thoroughly fulfil the taste buds being available in a great range of flavours. Starting from the kids, to the elderly group, the customer base for this product segment spans all age groups. This is obvious to provide the major boost to the market growth. Most importantly, the popularity of these gummies is still intact despite various options. Moreover, these products being beneficial from a health perspective with lower content of sugar is also one of the prime reasons behind the huge demand of it.
Key Players
Ferrero S.p.A.-Trolli, Brach's (Italy), Church & Dwight Co. Inc.-Vitafusion (US), Mondelēz International, Inc.-Sour Patch (US), Jelly Belly Candy Company-Jelly Belly (US), Specialty Food Association, Inc.-Candypeople (US), August Storck KG-nimm2 (Germany), Diamond CBD-Relax (US) and MBTKSA-Tropicana Slim (Saudi Arabia)
Industry News
Jewish Life News reports about the market scenario of sugar-free gummies, analysing it in terms of product type, end-users, and growth potential. It identifies the key market domains for the product segment forecasting the growth rate. Also, it analyses the key factors behind the growth scenario of the market at its key domains.
Segmentation
Global Sugar-Free Gummies Market can be segmented in terms of product types, in terms of end-users, and in terms of region. Categorizing the segment in terms of type, it is divided into gummy bears, gummy worms, gummy cherries, gummy rings, and others. In terms of end-user, the market can be divided basically into children and adults. Coming to the distribution channel, the market is divided in to store based supermarkets and hypermarkets, apart from the traditional stores, and other non-store-based market. The product segment has managed to satisfy the customers from price perspectives as well. The growth prospect of the sugar-free gummies is significant due to incredible stakeholders behind this.
Regional Analysis
In terms of region, the Sugar-Free Gummies Market is divided into four major parts, including North America, Asia Pacific, and Rest of the world. The organic gummies being highly favoured among the health-conscious group is also a key factor behind the enormous branding of it in leading markets of North America. The food industry, the manufacturers of confectionery, the whole range of kid food manufacturers, suppliers associated with raw materials, distributors, and traders are the prime stakeholders considered for the market around the globe. All these are the factors claimed behind the significant growth of the international sugar-free gummies.
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