Jelly Powder Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2347
Global Jelly Powder Market size is expected to grow with a moderate CAGR by 2024. The market will be driven by the popularity for jellies as desserts among the consumers.
Majority of the jelly products are consumed by children worldwide. Jelly is good for health as it is loaded with amino acids and vitamin B. The jelly powder market is witnessing high demand from the industries including bakery dairy, confectionery, canned meat/poultry products, creams & dressings, sauces, beverages and dietetic products. It is preferred in the bakery industry for its high temperature resistance capacity. In dairy products, it is used as a gelling agent owing to its superior gelling properties. Jelly powder finds applications in preparation of baked products, pie fillings, doughnut glaze, ices, meringues, cream shells, cream cheeses, canned meats, sherbets, cured meats, noodles, sauces, soups, cakes, yogurts, ice creams, jelly candies, puddings, Japanese desserts and more.
Jelly powder is used for industrial as well as household applications for its ease of use. The increasing pace of consumer lifestyles will substantially rise demand for easy to prepare food products in the coming years, which will consequently propel the product market growth. Different ingredients can be used to prepare jelly powder such as: agar (kanten), carrageenan, konnyaku, gelatin, etc. Gelatin is made from animal collagen, hence agar or konnyaku, based jelly powder act as its vegetarian substitute for being derived from plants. Agar variant is more popular in Japan. It is low in sodium level and used mostly in custards, and vegetable or fruit aspics, pie fillings. Rising inclination of consumers towards natural ingredient products would encourage the market growth over the forecast period.
Segmentation of the jelly powder market is done based on the flavors, type of ingredient, distribution channel and region. On the basis of flavors, the market is divided into strawberry, mango, cola, orange, cherry and others like blackcurrant, peach, mint, etc. Out of these mango, strawberry and orange flavors are more popular and are highly consumed globally. According to of the type of ingredient used, the market is classified as agar, carrageenan, and gelatin. Diverse ingredients facilitate for targeting different end users for instance, agar being a derivative of algae, is popular among the vegans. The market is segmented on the basis of distribution channel by supermarket, convenient stores, online stores, and others. Supermarket and online stores are the prominent contributors in the jelly powder market for the convenience associated.
The regional segmentation of the market is done as: North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Asia Pacific region is expected to witness highest share in the jelly powder market by 2024 since jellies are majorly manufactured in India, China, and Singapore. North American countries will also witness significant demand trends for the product in the coming years.
Significant innovative practices will drive the product market growth over the forecast period. Some key participants in the jelly powder manufacturing are: Dr. August Oetker KG, Eden Foods, Karagen Indonesia (KaraIndo), Hoosier Hill Farm, 3K Producing Co., Ltd, Ferna Corporation, Now Foods, Health Connection Wholefoods (Pty) Ltd, FlavourTech, Heartland Food Products Group, Moir’s, Jim-Willie Trading Co Pte Ltd, The Melbourne Food Depot and Tropolite.
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