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Citrus Gummies Market Share

Report ID: GMI6219
Published Date: Jul 2023
Report Format: PDF

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Citrus Gummies Market Share

Some of the major companies operating in the citrus gummies market are :

Hershey Company
Mondelez International Inc.
Haribo GmbH & Co. KG
Ferrara Candy Company
Perfetti Van Melle
Albanese Confectionery Group, Inc.
Black Forest Organic
Trolli GmbH
The Promotion In Motion Companies, Inc.
SmartSweets.

These companies employ both organic and inorganic strategies, such as new product development and partnerships, for market expansion. They also invest heavily in R&D to develop innovative products for ensuring differentiation.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of citrus gummies was reached USD 188.2 million in 2022 and is estimated to reach USD 298.7 million by 2032, backed by the increasing demand for plant-based health supplements.

Orange-flavored gummies segment accounted for a major market value of USD 168.23 million in 2022, owing to consumer preference for orange flavor for its sweetness and tanginess.

North American consumers are increasingly focused on health & wellness. The demand for citrus gummies is rising as the product is often marketed as a healthier alternate to traditional candies due to their natural fruit flavors and potential nutritional benefits.

The Hershey Company, Mondelez International Inc., Haribo GmbH & Co. KG, Ferrara Candy Company, Perfetti Van Melle, Albanese Confectionery Group, Inc., Black Forest Organic, and Trolli GmbH.