PUBLISHER: KBV Research | PRODUCT CODE: 1374162
PUBLISHER: KBV Research | PRODUCT CODE: 1374162
The Global Jelly Pudding Market size is expected to reach $24.2 billion by 2030, rising at a market growth of 3.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,577.2 kilo tonnes, experiencing a growth of 3.6% (2019-2022).
As consumers look for on-the-go convenience, the portability of jelly pudding can drive demand. Consequently, the single-serving packaging segment would generate approximately 69.9% share of the market by 2030. Customers frequently prefer single-serve versions of well-known flavors, including strawberry, raspberry, orange, and mango. Jelly pudding in single-serving cups has built-in portion control, which benefits those who desire to restrict their consumption. Some of the factors affecting the market are rising globalization and cultural exchange, introduction of premium and artisanal jelly pudding, and allergies and dietary restrictions.
Globalization and cultural exchange can significantly impact the jelly pudding market and the dessert industry as a whole. Globalization allows for the exchange of culinary ideas and flavors from different cultures. As people become more exposed to diverse cuisines and flavors, they may develop a taste for international flavors. This can lead to the introduction of new and exotic flavors of jelly pudding to cater to changing consumer preferences. Moreover, the introduction of premium and artisanal jelly pudding can contribute to the growth of the jelly pudding market. Premium and artisanal offerings bring uniqueness, quality, and a touch of luxury to the market, which can attract a segment of consumers seeking a higher-end dessert experience. Premium and artisanal jelly pudding products are often priced higher than standard offerings. This can lead to increased revenue for manufacturers and retailers, contributing to market growth. Premium and artisanal jelly puddings are typically made with high-quality, natural, and sometimes locally sourced ingredients. These factors can contribute to the expansion and vibrancy of the market.
However, Allergies and dietary restrictions can pose challenges to the jelly pudding market. These challenges arise because consumers with specific allergies or dietary preferences may have limited options within the traditional jelly pudding market. Many jelly pudding products contain common allergens such as dairy, eggs, soy, and gluten. It's crucial for manufacturers to clearly label their products to inform consumers about potential allergens present in the ingredients. Accurate allergen labelling is essential to ensure the safety of individuals with allergies. People with gluten sensitivity or celiac illness cannot consume products containing wheat or gluten. These aspects will hamper the expansion of the market.
On the basis of flavor, the market is segmented into fruit flavored, dairy flavored, coffee flavored, and others. In 2022, the fruit flavored segment dominated the market with the maximum revenue share. Jelly puddings with fruit flavors are usually vibrantly colored to reflect the fruit they represent. Vibrant reds and oranges are used for strawberry or citrus flavors, and deep purples are employed for blueberry or blackberry flavors. In a layered gelatin pudding dish, strawberry and lemon layers could be alternated to create a refreshing flavor combination. Frequently, jelly pudding with fruits is served as a standalone dessert.
Based on packing, the market is fragmented into single serve cups and multi-pack containers. The multi-pack containers segment garnered a significant revenue share in the market in 2022. Multi-pack containers for jelly pudding are a convenient packaging option that allows consumers to purchase multiple individual servings of jelly pudding in a single package. Multi-pack containers can vary in size and typically contain anywhere from 2 to 12 or more individual servings of jelly pudding. One of the main advantages of multi-packs is that they often provide cost savings compared to buying individual servings separately. This can appeal to families or individuals looking to stock up on their favorite dessert.
Distribution Channel Outlook
By distribution channel, the market is classified into supermarkets/hypermarkets, convenience stores, specialty stores, and online sales channel. In 2022, the specialty stores registered the highest revenue share in the market. Specialty stores often prioritize the quality and authenticity of their products. When consumers buy jelly pudding from such stores, they can expect a superior taste and texture compared to mass-produced alternatives. These stores may use premium ingredients and traditional recipes to create a more authentic flavor. Many specialty stores take pride in their artisanal craftsmanship. They may handcraft jelly puddings in small batches, paying attention to detail and using traditional techniques. This artisanal approach can result in a more refined and gourmet product.
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region covered a considerable revenue share in the market in 2022. The regional market is propelled by growing demand for food products from China, India, Japan, South Korea, and Taiwan. Changing lifestyles and rising disposable income levels are projected to fuel product demand further. Supermarkets and hypermarkets in countries throughout Asia-Pacific often stock a wide range of jelly pudding brands and flavors. These stores provide a convenient and reliable option for purchasing jelly pudding.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Now Foods Eden Foods, Karagen Indonesia (KaraIndo), The Kraft Heinz Company, Ferna Corporation, Flavourtech Pty Ltd, Heartland Food Products Group, Health Connection Wholefoods, Dr. August Oetker KG, Hoosier Hill Farm.
Market Segments covered in the Report:
By Flavour (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Packaging (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
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