jimmies market

Global Jimmies Market Size (2024 to 2029)

Global Jimmies Market share value in 2024 was 1.86 billion, and it is expected to grow at a CAGR of 7.50 % during the forecast period 2024-2029 to reach USD 2.67 billion by 2029.

In numerous places like Philadelphia, Boston, and New England regions, gummies are also known as sprinkles. These are small confectionary items. Jimmies are used for decoration purposes mainly. These are sprinkled on brownies, ice cream, doughnuts, etc. Jimmies enhance their taste, flavor, and texture. Jimmies are manufactured in numerous colors and flavors. These are used as topping over these products. Jimmies are prepared from high-quality chocolates. The texture is kind of crunchy. It has a bolder chocolate flavor. The jimmies are mainly available as rod-shaped tiny bites of chocolate. They are used as decorating agents. They are also used on party treats and seasonal treats to match the theme of the season.

Over the projected period, the development of low-calorie products helps to boost the global jimmies market. The rise in demand from numerous economies will create more opportunities for the market. Increase in usage of the jimmies for the decoration of different kinds of products like ice cream, donuts, cakes, milkshakes, croissants, hot sugar, etc. Hence there is an increase in demand for product innovation of decorative substances, including jimmies. This will increase the opportunity for the global jimmies market.

Global Jimmies Market Drivers:

The variation in consumption patterns drives the global jimmies market. The fast integration and interconnection between the nation’s main consumers regarding their tastes and preference across the globe. The increase in usage of social media platforms and their penetration and expansion influences the user’s behavioral pattern and taste buds. Jimmies and other decorations are now easier to find as a result of the increase in demand for value-added goods. These jimmies are widely used for decorative purposes. These jimmies, when used for decorative purposes, attract social media users and tempt them to have these items. Hence results in increasing demand for the jimmies. This results in driving the market growth.The increase in the expansion of distribution channels is one of the major driving factors of the global jimmies market. The increase in technological developments leads to advancement in online retail sales. The increase in the number of distribution channels for jimmies boosts the market growth. There are many distribution channels, such as specialty shops, specialty shops, hypermarkets, and online stores. The increase in efforts by retailers to increase their sales of jimmies led to an increase in their distribution channels. This drives the jimmies market. Additionally, the development of low-calorie products also helps to drive the market. The increase in demand from different economies also helps to drive the market. These are driving factors of the global jimmies market.

Global Jimmies Market Restraints:

The increase in health consciousness among the population is the main restraining factor in the global jimmies market growth. The increase in awareness regarding the adverse effects of eating sugary substances in heavy amounts led to a change in consumer behaviour which in turn resulted in decreasing the market growth. Additionally, the easy availability of other similar products is available on all distribution channels, that is, both online and offline. This restricts the market growth. The increase in the prevalence of obesity in the population because of consuming these unhealthy items restricts market growth. For instance, according to the National Library of Medicine, due to convenience, affordability, menu options, flavour, and taste, fast food consumption is increasing rapidly. Between 30% and 50% of children and college students often eat fast food. Additionally, 17% of adolescents and teenagers and more than 33% of adults in the United States are obese. In addition, the change in the cost of raw materials used during the manufacturing of jimmies, such as sugar, starch, premium chocolates, etc., hampers the demand for jimmies in the market. Also, the increased risk of companies using unapproved colorants during the manufacturing of sprinkles led to creating fear among consumers. For instance, in Oct 2021, as per Wion news, the raspberry glazed doughnut cookies from Get Baked were discontinued because they included an illegal food colouring. This led to a decrease in sales of jimmies. These are the factors that hamper the growth of the jimmies market.

Over the projected period, the development of low-calorie products helps to boost the global jimmies market. The rise in demand from numerous economies will create more opportunities for the market. Increase in usage of the jimmies for the decoration of different kinds of products like ice cream, donuts, cakes, milkshakes, croissants, hot sugar, etc. Hence there is an increase in demand for product innovation of decorative substances, including jimmies. This will increase the opportunity for the global jimmies market.

Impact of Covid-19 on the Global Jimmies Market:

Numerous industries are affected by COVID-19. The lockdown and travel restrictions were imposed by COVID-19. This caused production to decline, which in turn caused many factories to close. The resultant decline in jimmies output had a significant effect on the global jimmies market. Numerous businesses, including retail stores and online sites, were forced to close as a result of COVID-19. Hence led to a decrease in supply management and disruption in different distribution channels during the pandemic. The disruption of supply chain management due to the lockdown and restrictions led to an impact on sales of jimmies. Additionally, in the early stage of COVID-19, due to restrictions, the shops were closed, which led to a decrease in demand for jimmies. In addition, during COVID-19, people were focusing on adopting a healthy lifestyle which led to a decrease in consumption of ice cream, donuts, croissants, etc. This led to a decrease in demand for jimmies. Hence, the impact of COVID-19 on the global jimmies market was negative.

REPORT COVERAGE: 

 This research report on the Global Jimmies Market has been segmented and sub-segmented based on colorant, application, end-user & region. 

Global Jimmies Market - By Colorant:

• Natural
• Artificial

Among these, the Natural colorant segment dominates the global gummies market demand. The natural colorant segment is expected to dominate the market over the forecasting period. This is due to increased incidences of harmful artificial colors used in the manufacturing of jimmies led to cause some side effects or adverse events. Additionally, changes in consumer preferences and increased awareness regarding healthy eating habits have increased the demand for natural colorants. This drives segmental growth. The artificial color segment is expected to show the fastest CAGR growth over the forecasting period. This is due to the easy availability of these in the market.

Global Jimmies Market - By Application:

• Cereals and Snack Bars
• Ice-Cream and Frozen Desserts
• Chocolate and Confectionery Products
• Cakes and Pastries
• Other Bakery Applications

Among these, the Cakes and pastries segment dominates the global jimmies market value. The cake and pastries segment is expected to show dominance in the market over the forecasting period. This is due to these jimmies being mostly used during the decoration of cakes and pastries. Jimmies are used for cake decoration supplies and also as add-ins for bakery products like pastries and cake; this is done to enhance the crunchiness of the products. Many children are attracted to the sprinkles or jimmies hence leading to drive segmental growth. The Ice-cream and frozen desserts segment is expected to show the fastest CAGR growth over the forecasting period. This is due to increase usage of these in the ice-cream decoration to attract customers.

Global Jimmies Market - By End-user:

• Food Manufacturers
• Foodservice Industry
• Home Bakers

Among these, Foodservice Industry dominates the market. The food service industry is expected to show dominance in the market over the forecasting period. This is due to an increase in the number of cafes, sweet shops, etc, across the globe. Additionally, after the meal, people are consuming desserts. These dishes are decorated with the help of jimmies too. This drives segmental growth. Additionally, The segment is projected to grow as a result of customers' strong preference for flavored, attractive, and textured products, as well as the growing consumption of confectioneries and desserts in food service outlets.

Global Jimmies Market - By Region:

• North America
• APAC
• MEA
• Latin America
• Europe

Regionally, North America dominates the global jimmies market shares. The North American region is expected to show dominance in the market over the forecasting period. This is due to an increase in demand from foodservice and food manufacturing industries. Additionally, the chefs are more aware of the additions and decorative substances to attract the consumers by making the dish more attractive. North America dominates the market due to an increase in demand for bakery products and ice creams for decorative purposes from the confectionery industry. Also, the increase in the consumption of snacks drives segmental growth. Consumers are encouraged to select aesthetically pleasing and decorative food products due to regional income growth and economic development.

The European region is expected to show significant growth over the forecasting period. This is due to the increase in demand for food services. The increase in consumption of bakery products, ice-creams drives segmental growth. Asia Pacific region is expected to show the fastest CAGR growth over the forecasting period. This is due to an increase in international cuisine and alternative flavor options. Additionally, the increase in demand for bakery products and related products which require decoration drives segmental growth.

KEY MARKET PLAYERS:

Key Market Players Of Global Jimmies Market are Hershey Company. (U.S.), Mars, Incorporated (U.S.), Kerry Group Plc. (Ireland), Dr. August Oetker Nahrungsmittel Kg (Germany), Signature Brands, Llc. (U.S.), Blommer Chocolate Company (U.S.), Foley’s Candies Lp (Canada), Twinkle Sprinkles (Australia), Gunthart (Germany), The American Sprinkle Company (U.S.), Nimbus Foods Ltd (U.K.).

RECENT HAPPENINGS IN THE MARKET:

On 26th October, clean-label sprinkle and confectionery company Supernatural entered new B2B partnerships with Milk Bar, King Arthur Baking, and SnackConscious. Supernatural products are made using vegan, RSPO-certified, and plant-based ingredients, all of which are fully traceable. The company is on track to have 100% of its portfolio manufactured in the United States by the end of 2023.