Global Gummies Sales To Grow 4%

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London — Worldwide sales for gummies are expected to increase 4 percent through 2022, representing $2.02 billion in incremental growth, according to Technavio.

The market research company reports the sector’s diverse product range will lift sales. Another key factor will be growth in organized retail, which is the primary outlet for gummi sales. The EMEA region is anticipated to account for most of the lift, with 46 percent of sales gains coming from the area.

The segment’s year-on-year growth rate for 2018 is estimated at 3.82 percent, Technavio reports.