Sugar-Free Gummies Market | Size, Share, Growth, Trends and Forecast to 2023
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 Global
Sugar-Free Gummies Market 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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