Our in-depth analysis of the infused fruits jellies market includes the following segments:
By Product Type
By Fruit Type
By Distribution Channel
Geographically, the Infused fruits jellies market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America registers the largest market share followed by Europe. The significant growth in both regions is attributed to high awareness related to the infused fruits jellies, the popularity of confectionery products, and higher accessibility to fruits jelly in the region.
The Asia-Pacific is estimated to grow at a good pace led by developing economies in the region. The region is experiencing a rapid shift among consumers' preferences and market players are trying to meet every rising expectation. The awareness is speedily getting high owing to the growing adaptation of western culture and a huge amount of social data reaching out to individuals.
The Infused fruits jellies market is further classified based on region as follows:
• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
• the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
The infused fruits jellies market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by product type, fruit type, form, packaging, application, distribution channel, and region. Among the product types, the High Methoxyl Pectin segment is accounted for the majority of shares in the market owing to its functional properties such as its capability of forming sugar-acid-pectin gels and low-water-activity gels.
Trending innovations in the market
Packaging innovations are seizing the attention of end-users, particularly the baby boomers in the infused fruit jellies market. Further, increased utilization of jelly-based DIY recipes is generating an unprecedented demand for infused fruit jellies among the consumers.
The robust inclination of consumers towards natural labeled products that have established deep roots in the developed markets of the western nations is one of the other major contributors towards the market growth of infused fruits jellies. Manufacturers are now trying to lower the sugar content as well as they are entering into no-sugar-added natural fruit jellies product line.CLICK TO DOWNLOAD SAMPLE REPORT
Additionally, the manufacturers are experimenting with flavors, trying to combine them and offer something new to consumers of fruit jellies, such as combining coconut chewy candies with the pineapple centers resulting in recreation of the flavor Piña-Colada.
Additionally, an increase in per capita consumption in emergent economies, and growing awareness on social media platforms related to the assorted range of fruit jellies around the world have led to the increased prominence of the infused fruits jellies offered in the market.
While preparing the jelly-based recipes, there are undesirable outcomes such as the development of crystals due to excess sugar or undissolved sugar sticking to the sides of a saucepan. This major restraint might likely to slow down the market growth. To resolve this, manufacturers are boosting consumers to go for tested recipes and measure the ingredients accurately to avoid problems of crystallization.
May 26, 2020: Ferrara Candy Company, a USA’s leading candymaker company donated 20 tons of candy and cookies as a gesture to show their gratitude to the front-line workers and first responders throughout the COVID-19 pandemic.
June 22, 2020: Mars Associates, reflected upon the pride month, shared their supporting views on injustice still prevalent around the world, and urged people to recognize and support racial equity. The company announced that this year for pride month, SKITTLES, a division of MARS, will be releasing limited-edition Colorless Pride Packs to show their support.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Anil Kumar, Ipsheeta Dash