PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300895
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300895
Global Infused Fruits Jellies Market is valued approximately USD 15 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030. Infused fruits jellies market refers to the sale of jellies that are made from fruits that have been infused with other flavors to create unique and flavorful snacks. They are popular due to their unique flavor combinations, their convenience, and their health benefits. The Infused Fruits Jellies market is expanding because of factors such as rising consumer orientation toward convenience food items like jelly drinks and jelly spreads and increased awareness regarding sugar-free products or diets. Its importance has progressively increased during the last few decades.
According to the Statista, the market for convenience foods will reach USD 601.40 billion in 2023. According to the CAGR for 2023 to 2027, the industry is expected to grow by 6.03% yearly. another important component driving increased awareness regarding sugar-free products or diets. According to Statista in July 2022 , the global consumption of sugar amounted to 171.69 million metric tons in 2020, and is projected to increase to about 178.84 million metric tons by 2023/2024. With the increase in world trade, better agricultural technology, among other reasons, sugar is cheaper and more widely available than ever. In addition, Growing packaging innovations and rising awareness regarding low calorie food would create a lucrative growth prospectus for the market over the forecast period. However, the infused fruit jellies have a limited shelf life and excess sugar in the infused fruit jellies stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Infused Fruits Jellies Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is the most dominating region in the market as it has high demand of confectionery products and higher accessibility to fruits jelly. According to Statista, the consumption of jellies in the United States in 2020 is depicted by this data. Statista has estimated the data using information from the US Census and the Simmons National Consumer Survey (NHCS). This figure indicates that in 2020, 294.26 million Americans consumed jellies. Asia Pacific is fastest growing region during the forecast period, owing to factors such as 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 objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable