Market Forecast
Sugar-Free Gummies Market is
projected to reach USD 5.5 Billion by 2025 at a CAGR of
7.1% from 2019 to 2025. Sugar-free gummies are made of gelatin and starch
along with various types of fruit flavors. The growth of the global sugar-free
gummies market is driven by the increasing consumption of sugarless
confectioneries, innovative product offerings by market players such as sour
& spicy gummies, and growth of online retailers. Industry players offer
gummy vitamins and omega-3 gummies to meet the rising demand for health food
products. In 2018, the revenue of the global gummy vitamins market
was USD 3,931.8 million. To survive in the competitive market, industry
players are focusing on product launches and innovation.
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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)
- MBTKSA-Tropicana Slim (Saudi Arabia)
- Mederer GmbH (Germany)
- Albanese Confectionery Group Inc. (US)
- Haribo of America, Inc. (US)
- Just Brands-JustCBD (US)
- Katjes Fassin GmbH + Co. KG (Germany)
- The Gummies Co (US)
- Strictly CBD (US)
Market USP
Increasing demand for confectionery
products
Growth Opportunities in the
Market
- Growing popularity of organic and CBD gummies: With
the growing concerns regarding the synthetic ingredients used in food
products and confectioneries, consumers are inclined toward organic
eatables. Manufacturers offer organic and gluten-free jellies and gummies,
which is expected to boost market growth for organic Sugar-Free
Gummies Market Size during
the assessment period. Moreover, CBD gummies are currently trending. These
products are popular among consumers due to their easy availability at
both online and offline retail stores. Consumer awareness about these
products has also increased, leading market players to focus on product
launches and innovation. Moreover, market players such as Strictly CBD,
Just Brands, Sunday Scaries, and Lord Jones’ are offer CBD gummies for
adults, which is further influencing market growth.
- Convenience stores to remain the preferred sales
channel for sugar-free gummies: Convenience stores offer consumers the
chance to check the quality and variety of products. Consumers are
increasingly shopping at supermarkets and hypermarkets such as Walmart and
Tesco due to their widespread networks and the availability of sugar-free
gummies in a variety of shapes, sizes, flavors, and brands. These factors
are helping drive the sales of sugar-free gummies through convenience
stores.
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