Market Overview:
The global citrus gummies market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for convenience foods, rising disposable income, and growing awareness about health benefits of citrus fruits. The global citrus gummies market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into organic and conventional segments. The organic segment is projected to grow at a higher CAGR during the forecast period as compared to conventional segment owing to increasing consumer preference for organic products across all regions.
Product Definition:
Citrus Gummies are a type of candy that is made from citrus fruits. They are often chewy and have a tart flavor. Citrus gummies are a good source of vitamin C, which is important for the immune system.
Organic:
Organic is a kind of food product which is produced by methods that do not involve the use of harmful chemicals such as pesticides, herbicides, or insecticides. Organic foods are usually grown with the help of techniques like organic farming and organic processing. The main motive behind producing these products is to provide consumers with healthy and safe food products without any harmful effects on human health.
Conventional:
Conventional is a method of producing candies that has been used for generations. It is the most basic form of candy making process and involves using raw materials such as sugar, corn syrup, artificial flavors, colors & preservatives to make candies. The conventional method produces less expensive and healthier candies compared to other methods which are also why it's preferred by many manufacturers in this industry.
Application Insights:
The retail application segment led the global citrus gummies market in 2017 and is projected to witness significant growth over the forecast period. Citrus-based confectionery items have gained immense popularity among consumers as an ingredient in various desserts, cakes, pastries and cookies owing to their natural sweetness. The use of these products as a substitute for conventional sugar has resulted in increased sales across bakery stores and cafes.
In addition, rising health awareness among consumers has driven manufacturers to introduce new fruit-based product formulations that are low calorie (less than 150 calories per piece), cholesterol free, gluten free and suitable for diabetic patients. These factors are expected to increase demand from dietary care industry over the next few years.
Hypermarkets/supermarkets accounted for 21% of total market share by volume in 2017 owing to high availability of products at affordable prices compared with other retail channels such as convenience stores or online retailers.
Regional Analysis:
North America was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030. The growth is majorly attributed to increasing consumption of gummies in the U.S., which is driven by factors such as availability, affordability, ease of use/consumption, and flavors offered by manufacturers. Furthermore, demand for healthy snacks with low sugar content will continue driving product sales over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast years on account of rising health consciousness among consumers coupled with changing lifestyles that have prompted them to opt for healthier options when it comes to snacking habits; hence driving demand for citrus gummies would be one such healthier option that has a wide scope for growth in this region due to growing disposable income levels and improving standards of living especially among middle class groups who prefer convenience food products over their expensive counterparts like burgers or hot dogs etc.
Growth Factors:
- Increasing demand for convenience foods: The Citrus Gummies market is driven by the increasing demand for convenience foods, especially among the younger generation. This segment is looking for products that are easy to eat and do not require any preparation time.
- Rising awareness about the health benefits of citrus fruits: There has been a rise in awareness about the health benefits of citrus fruits in recent years, which has led to an increase in demand for citrus-based products such as Citrus Gummies.
- Growing popularity of functional foods: Functional foods are those that offer additional health benefits beyond basic nutrition, and they are becoming increasingly popular around the world. This is benefiting the Citrus Gummies market as well, as consumers are looking for healthier alternatives to traditional snacks like candy bars and cookies.
- Rising disposable income levels: A key driver of growth for most consumer goods markets is rising disposable income levels, and this trend is also evident in the Citrus Gummies market. As more people become affluent, they are increasingly able and willing to spend money on premium food items like gummy candies made with fresh fruit juices instead of unhealthy processed snacks or sugary drinks.. 5) Innovation & new product launches: The final key driver behind growth in th
Scope Of The Report
Report Attributes
Report Details
Report Title
Citrus Gummies Market Research Report
By Type
Organic, Conventional
By Application
Retail, Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others
By Companies
Pfizer, Bayer, The Honest Company, Pharmavite, Olly Public Benefit Corporation, Nutranext, Hero Nutritionals, Herbaland Naturals, Zanon Vitamec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Citrus Gummies Market Report Segments:
The global Citrus Gummies market is segmented on the basis of:
Types
Organic, Conventional
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pfizer
- Bayer
- The Honest Company
- Pharmavite
- Olly Public Benefit Corporation
- Nutranext
- Hero Nutritionals
- Herbaland Naturals
- Zanon Vitamec
Highlights of The Citrus Gummies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Conventional
- By Application:
- Retail
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Citrus Gummies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Citrus Gummies are a type of candy that is made from citrus fruits. They are often flavored with mint or other flavors and can be eaten as a snack or dessert.
Some of the major companies in the citrus gummies market are Pfizer, Bayer, The Honest Company, Pharmavite, Olly Public Benefit Corporation, Nutranext, Hero Nutritionals, Herbaland Naturals, Zanon Vitamec.
The citrus gummies market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Citrus Gummies Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Citrus Gummies Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Citrus Gummies Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Citrus Gummies Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Citrus Gummies Market Size & Forecast, 2020-2028 4.5.1 Citrus Gummies Market Size and Y-o-Y Growth 4.5.2 Citrus Gummies Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Hypermarkets/Supermarkets
6.2.3 Convenience Stores
6.2.4 Online Retail
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Citrus Gummies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Citrus Gummies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Hypermarkets/Supermarkets
9.10.3 Convenience Stores
9.10.4 Online Retail
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Hypermarkets/Supermarkets
10.10.3 Convenience Stores
10.10.4 Online Retail
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Hypermarkets/Supermarkets
11.10.3 Convenience Stores
11.10.4 Online Retail
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Hypermarkets/Supermarkets
12.10.3 Convenience Stores
12.10.4 Online Retail
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Hypermarkets/Supermarkets
13.10.3 Convenience Stores
13.10.4 Online Retail
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Citrus Gummies Market: Competitive Dashboard
14.2 Global Citrus Gummies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pfizer
14.3.2 Bayer
14.3.3 The Honest Company
14.3.4 Pharmavite
14.3.5 Olly Public Benefit Corporation
14.3.6 Nutranext
14.3.7 Hero Nutritionals
14.3.8 Herbaland Naturals
14.3.9 Zanon Vitamec