Sugar-Free Gummies Industry Evolving Applications of Lateral Flow Assays Presents Opportunities
Market Scenario
Market Research Future (MRFR) studied the Sugar-Free Gummies Market 2021 through the analysis period till 2030. Across 2021 and 2030, the sugar free gummies market size can rise at 6.90% CAGR. By 2030, the sugar free gummies market can value at USD 6.85 Bn. The rise in demand for several gluten-free and non-GMO gummy products can promote sugar-free gummies market in the review period. The high traction for organic gummies, and their availability in innovative flavors and attractive packaging can support expansion of the market. The presence of different substitutes in the market, along with high prices of conventional gummies can hinder the market rise. However, existence of several conventional stores and rise of online e-commerce can counter the market slow-down.
Market Segmentation
The global sugar free gummies market study is based on type, distribution channel, and end-users.
The type-based segments of the sugar free gummies market are gummy bears, gummy cherries, gummy rings, and gummy worms. The rise in popularity of Bear-shaped gummies among children and increase in number of marketers offer this product in various flavors can support expansion of the market in the near future. The Gummy Worms segment can account for decent share of the global sugar-free gummies market as they are observed to gain high traction due to their attractive packaging and exciting flavors.
The End-User-based segments of the sugar free gummies market are children and adults. The Children segment can exhibit considerable CAGR in the assessment tenure. The introduction of different confectioneries by manufacturers with innovative flavors and packaging can add to the market rise in the near future. The expansion of the candy industry can support the segment expansion.
Store and non-store are the Distribution Channel-based segments of the sugar-free gummies market. The booming e-commerce platform and seamless supply chain can promote expansion of the market in the near future.
Detailed Region Study
In North America, the sugar-free gummies industry can earn high revenue by 2025. The growing demand for sugar-free gummies can drive the regional market as health consciousness among the expanding obesity population is observed. The availability of these gummies at organized retail sector present across countries can drive the regional market along with above mentioned factors. In Europe, the sugar free gummies market can expand at decent pace due to increase in health consciousness among people and their enhanced diet and eating habits. The residence of active players, such as; Ferrero S.p.A., and August Storck KG are observed to launch sugar-free gummies with different flavors, thus expanding their consumer base that can add to the market growth. In Asia Pacific, the sugar-free gummies market can increase at high pace as hike in disposable income and growing consumption for confectioneries are observed. Moreover, the growth of different e-commerce platforms can drive the regional market.
Key Players
MBTKSA-Tropicana Slim (Saudi Arabia), Diamond CBD-Relax (US), Mederer GmbH (Germany), Katjes Fassin GmbH + Co. KG (Germany), Albanese Confectionery Group Inc. (US), Haribo of America, Inc. (US), Just Brands-JustCBD (US), Strictly CBD (US), The Gummies Co (US), Jelly Belly Candy Company-Jelly Belly (US), Mondelēz International, Inc.-Sour Patch (US), Ferrero S.p.A.-Trolli, Brach's (Italy), Specialty Food Association, Inc.-Candypeople (US), August Storck KG-nimm2 (Germany), and Church & Dwight Co. Inc.-Vitafusion (US) are some active players studied by MRFR to understand their contributions to the global sugar free dummies market expansion. Marketers are adopting robust growth strategies to attain global foothold. Their focus on product innovation and launches can add to the market surge in the near future.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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