Global Jimmies Market, By Colorant (Natural, Artificial), Application (Cereals and Snack Bars, Ice-Cream and Frozen Desserts, Chocolate and Confectionery Products, Cakes and Pastries, Other Bakery Applications), End-User (Food Manufacturers, Foodservice Industry, Home Bakers), Sales Channel (Supermarkets and Hypermarkets, E-Commerce, Specialty Stores), Packaging Type (Jars, Pouches, Others) – Industry Trends and Forecast to 2030.
Jimmies Market Analysis and Size
Industry experts predict that the jimmies market will reach a value of USD 255 billion by 2026. Changes in consumers' tastes and preferences have led to the rising number of confectionary product innovations in the market. On the similar lines, global players and producers of sugar decorations and inclusions such as jimmies are making the best of this opportunity to excel in the local as well as international market.
Data Bridge Market Research analyses that the jimmies market, valued at USD 1.61 billion in 2022, will reach USD 2.88 billion by 2030, growing at a CAGR of 7.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Jimmies Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Colorant (Natural, Artificial), Application (Cereals and Snack Bars, Ice-Cream and Frozen Desserts, Chocolate and Confectionery Products, Cakes and Pastries, Other Bakery Applications), End-User (Food Manufacturers, Foodservice Industry, Home Bakers), Sales Channel (Supermarkets and Hypermarkets, E-Commerce, Specialty Stores), Packaging Type (Jars, Pouches, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Barry Callebaut (Switzerland), THE HERSHEY COMPANY. (U.S.), Mars, Incorporated (U.S.), Kerry Group plc. (Ireland), Blommer Chocolate Company (U.S.), Foley’s Candies LP (Canada), Puratos (Belgium), Ferrero (Italy), Twinkle Sprinkles (Australia), Gunthart (Germany), The American Sprinkle Company (U.S.), Dr. August Oetker Nahrungsmittel KG (Germany), Signature Brands, LLC. (U.S.), Nimbus Foods Ltd (U.K.), Carroll Industries NZ Ltd (New Zealand), and Paulaur Corporation (U.S.)
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Market Opportunities
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Market Definition
Jimmies are small confectionary items that are sprinkled over brownies, cupcakes, doughnuts or ice cream, to enhance their taste, flavour, and texture. Produced in a variety of colours and flavours, jimmies can also be used as decorative toppings over such products. Originally, jimmies were made of high-quality chocolates that developed a crunchy texture and a bolder chocolate flavour. In the north-eastern United States, jimmies are often referred to as sprinkles and the terms are used interchangeably.
Jimmies Market Dynamics
Drivers
- Changing consumption patterns will bolster the market growth
Rapid integration and interconnection between the countries influenced consumers' tastes and preferences around the world. Increased penetration and proliferation of social media platforms has also been largely influencing the viewers' behavioural patterns and taste buds. Therefore, growing demand for value added products has resulted in increased availability of sugar decorations and inclusions such as jimmies. Also, increasing preferences towards customized food products will indirectly promote the demand and supply of jimmies.
- Expanding distribution channels is a major driver
Advancements in online retail is one of the major trends influencing how the jimmies business is changing. Rising number of large product distribution channels is a positive sign for the market. Large product distribution channels include convenience stores, specialty shops, supermarkets, drug stores, and hypermarkets. Ongoing efforts by retailers and producers to expand their supply and distribution chains has made it easier to get hands on jimmies.
Opportunities
- Innovating with the product is a promising opportunity
During the forecast period, the development of low-calorie goods and increased demand from several economies will generate further chances for the expansion of the jimmies market. In addition, jimmies are being used more frequently to create a wide range of beverages, decorations, and inclusions goods, including cakes, milkshakes, croissants, and hot sugar, which is fuelling the expansion of the worldwide jimmies market. Therefore, product innovations will directly influence the demand.
Restraints/Challenges
- Easy availability of product will derail the market growth rate
Growing health consciousness among the individuals and rising awareness about the side effects of eating too much sugar products has persuaded the consumers to shift to sugar-free alternatives. This will create challenges for the growth of the market. Easy availability of product substitutes via both online and offline modes of distribution will challenge the market growth rate.
This jimmies market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the jimmies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact
The COVID-19 crisis had a significant impact on the market and has influenced the consumers purchasing habits. The wrath brought in by the pandemic resulted in shutting down the production facilities, thereby, lowering the supply. Consumers have become more health conscious post the pandemic, which has lowered the demand for jimmies and other sugary sweets. This doesn’t however mean that the market will stumble. Large scale demand from the developing economies and the growing trend of online ordering will pace up the demand and supply.
Global Jimmies Market Scope
The jimmies market is segmented on the basis of colorant, application, end-user, sales channel, and packaging type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Colorant
- Natural
- Artificial
Application
- Cereals and Snack Bars
- Ice-Cream and Frozen Desserts
- Chocolate and Confectionery Products
- Cakes and Pastries
- Other Bakery Applications
End-user
- Food Manufacturers
- Foodservice Industry
- Home Bakers
Sales Channel
- Supermarkets and Hypermarkets
- E-Commerce
- Specialty Stores
Packaging Type
- Jars
- Pouches
- Others
Jimmies Market Regional Analysis/Insights
The jimmies market is analyzed and market size insights and trends are provided by country, colorant, application, end-user, sales channel, and packaging type as referenced above.
The countries covered in the jimmies market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The market is dominated by North America. This is a result of rising consumer demand from the food processing industry as well as growing knowledge of the additions and decorations. Market expansion in this region is being driven by rising demand for baked goods and value-added products as well as rising demand for decorations and inclusions from the confectionery industry.
However, due to growing international cuisine and flavour options as well as rising bakery product consumption, Asia-Pacific is anticipated to grow with the highest CAGR throughout the forecast period. The expansion of the jimmies market in this region is being driven by rising demand for value-added products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Jimmies Market Share Analysis
The jimmies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to jimmies market.
Some of the major players operating in the jimmies market are:
- Barry Callebaut (Switzerland)
- THE HERSHEY COMPANY. (U.S.)
- Mars, Incorporated (U.S.)
- Kerry Group plc. (Ireland)
- Blommer Chocolate Company (U.S.)
- Foley’s Candies LP (Canada)
- Puratos (Belgium)
- Ferrero (Italy)
- Twinkle Sprinkles (Australia)
- Gunthart (Germany)
- The American Sprinkle Company (U.S.)
- Dr. August Oetker Nahrungsmittel KG (Germany)
- Signature Brands, LLC. (U.S.)
- Nimbus Foods Ltd (U.K.)
- Carroll Industries NZ Ltd (New Zealand)
- Paulaur Corporation (U.S.)
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