An increase in demand for consumption of Alcohol Gummies drives the growth of the global alcohol gummies market. However, lack of consumer awareness about the availability of alcohol gummies, particularly in emerging nations in Asia-Pacific, Latin America, and Africa restricts the market growth. Moreover, increased demand for handmade confections with alcohol presents new opportunities in the coming years.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗵𝗲 𝐅𝐫𝐞𝐞 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/request-sample/32280
Most frequently, vodka, whiskey, tequila, rum, and gin are used to dip alcohol gummies. The gummies come in a variety of flavors and are intended to be consumed as a party game or to get intoxicated. Most of the alcohol gummies market growth is related to consumer preferences for hand-made alcoholic confectionery like alcohol gummies and convenience, both of which will increase demand. While brand recognition will be important for segment growth, the market will shift more toward the premium segment as a result of the prevalent gifting culture in developed nations.
𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
The major players analyzed for global alcohol gummies industry are Arewa Treats, Maggie Lyon Chocolatiers, Kate & Belle, The Candy Store, Sugarfina USA LLC, SugarSin, Inebriated Baker, Lolli & Pops, Smith & Sinclair US, and Squish Candies.
By distribution channel, it is classified into online and offline. The offline segment is anticipated to grow at highest CAGR during the forecast period. The aim of manufacturers is to increase the visibility of their products on store shelves; as a result, they typically concentrate on specialized retailers. Alcohol gummies are now available in a wider variety at specialty stores. As specialty stores provide opportunities for discounts and the benefit of immediate satisfaction, the alcohol gummies market is expanding.
𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 (200 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬): https://www.alliedmarketresearch.com/checkout-final/ec2cb5f002005f1b9cf7962c4ef74f37
Based on type, the spirit segment held the highest market share in 2021, accounting for around three-fifths of the global alcohol gummies market, and is estimated to maintain its leadership status throughout the forecast period. The growing consumption of spirits is driving the growth of the segment. However, the cocktail segment is projected to manifest the highest CAGR of 4.5% from 2022 to 2031. The market players such as Smith & Sinclair and Osito & Co. are offering cocktail gummies as one of the products in their product portfolio.
KEY FINDINGS OF STUDY
- By type, the spirit gummies segment was the highest revenue contributor to the market, with $6.5 million in 2021, and is estimated grow at a CAGR of 4.2% from 2022 to 2031.
- By application, the alcohol flavored segment was the highest revenue contributor to the market, is estimated to reach $10 million by 2031.
- By distribution channel, the online segment was the highest revenue contributor to the market, and likely to grow at a CAGR of 4.2% during the forecast period.
- Region wise, Europe was the highest revenue contributor, accounting for $4.7 million in 2021, growing at a CAGR of 4.0% during the forecast period.
𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/32280
By nature, the market is divided into alcohol infused and alcohol flavored. The alcohol infused segment is growing at a moderate rate during the forecast period. Gummies that have been prepared with alcohol are known as alcohol-infused gummies. Alcohol-infused gummies are produced using gin, rum, whiskey, and many other types of alcohol. Alcohol-infused gummies are rising in popularity, especially among young people.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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