Food & Beverage
Gummy Candy Market Grows Rapidly in Japan
Japan's gummy candy market reached 97.2 billion yen (US$634 million) in 2023.
Released Thursday, October 31, 2024
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Researched by Industrial Info Resources (Sugar Land, Texas)--In Japan, gum was the most popular snack until 2021, but sales dropped significantly as the coronavirus spread and people working in offices decreased significantly. At that time, gummy candy replaced gum and created a new trend.
Originally a snack popular with children, gummy candy's unique texture and numerous flavors made it a snack loved by many people of all ages and generations. Now, even adults eat it to improve their concentration while working.
As a result, the gummy candy market has boomed, having reached 97.2 billion yen (US$634 million) in 2023.
In response to this, gummy candy manufacturing factories are also actively investing in equipment. Nisshin Nyugyo Company Limited (Nagoya, Japan), for example, intends to add a gummy candy line to its plant in Kitanagoya, Japan, in 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report.
Specifically, many investments are made to add production lines and significantly increase production volume, and the scale of investment is often planned to be two to three times larger than the average investment amount for food factories.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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