ALBANY, N.Y, Aug. 17, 2020 /PRNewswire/ -- Flavor-combining chewy candies are gathering steam as sugar confectionery products among millennials, with key affinity for tropical fruits. Expanding portfolio of fruit-flavored candy offerings in various shapes and packaging formats are propelling the expansion of the infused fruits jellies market.
Analysts at TMR affirm that manufacturers are focusing on innovating in premium juice concentrates to stay ahead in the competitive arc.
The global infused fruits jellies market is anticipated to clock a CAGR of ~4.7% during 2019 – 2029.
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Key Findings of Infused Fruits Jellies Market Report
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Infused Fruits Jellies Market: Key Driving Factors and Promising Avenues
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Infused Fruits Jellies Market: Competitive Assessment
Confectionery manufacturers are keen on expanding their product portfolio and constantly adding new flavors to attract consumers. They are trying new flavors based on tropical fruits. Of note, several of them are reiterating on the health benefits of chews and candies to urban as well as rural consumers.
Top brands are leveraging digital channels and engaging in aggressive marketing and promotion strategies to make infused fruits jellies popular. Prominent players in the infused fruits jellies have benefitted from fruit-flavored candy offerings.
However, the formation of crystals during preparation of jelly-based recipes may hinder their demand among consumers looking for DIY recipes. Key manufacturers are also leaning on premium juice concentrates to gain competitive edge over others.
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Infused Fruits Jellies Market: Regional Landscape
North America was the leading regional market for infused fruits jellies in 2019. The regional market has been replete with lucrative opportunities for candy and chews manufacturers due to the growing popularity of these among baby boomers and millennials. In particular, tropically inspired candies have gathered huge steam.
Asia Pacific has been showing vast revenue potential. The opportunity generation is increasingly fueled by growing consumer affinity of fruit-flavored candy offerings. Focus of several players on enriching their product portfolio has cemented the revenue potential in the Asia Pacific infused fruits jellies market.
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The Infused Fruits Jellies Market can be segmented as follows:
Infused Fruit Jellies Market by Form
Infused Fruit Jellies Market by Product Type
Infused Fruit Jellies Market by Application
Infused Fruit Jellies Market by Sales Channel
Infused Fruit Jellies Market by Packaging
Infused Fruit Jellies Market by Fruit Type
Infused Fruit Jellies Market by Region
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