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Citrus Gummies Market Size

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

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Citrus Gummies Market Size

Citrus Gummies Market size was valued at USD 188.2 million in 2022 and is estimated to witness over 6% CAGR from 2023 to 2032. Consumers typically seek convenient snack options that are tasty and provide health benefits. Citrus gummies meet these preferences since they are perceived as healthier substitutes to traditional sugary candies and possess potential vitamin content.

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Oranges, lemons & grapefruits possess antioxidant properties and high vitamin C content. The growing awareness regarding the benefits of citrus fruits and the ease of consumption offered by citrus gummies are forecast to drive market expansion.

Citrus Gummies Market Report Attributes
Report Attribute	Details
Base Year:	2022
Citrus Gummies Market Size in 2022:	USD 188.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 298.7 Million
Historical Data for:	2018 to 2022
No. of Pages:	190
Tables, Charts & Figures:	491
Segments covered:	Fruit Type, By Form, Flavor, Packaging Type, Consumer Orientation, Distribution Channel, Region
Growth Drivers:	Increasing demand for plant-based products Growing consumer awareness about the health benefits Growing population
Pitfalls & Challenges:	Raw material sourcing and price volatility Intense competition Changing regulations

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The industry has witnessed a growing trend toward products made from natural ingredients without any artificial preservatives or additives. The demand for citrus gummies made from natural fruit extracts and clean label formulations are therefore expected to witness growth over the forecast timeline.

The industry is highly competitive in nature and characterized by the presence of numerous players vying for citrus gummies market share. Unique flavors, advertising nutritional benefits, and innovative packaging are some of the major differentiators for companies to stand out in the crowded marketplace. Manufacturers must comply with various regulatory requirements such as allergen labeling, food safety standards, health claims, and nutritional labeling. Any potential risks associated with these products may drive down the acceptance rate and hamper the market growth.

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.