Mideast vs. Global Gummies: Which Reigns Supreme in Export?
Gummies have been a popular snack worldwide due to their sweet and chewy texture. These treats are available in a variety of flavors and shapes, and their global demand is increasing rapidly. However, there has been a debate on which region reigns supreme when it comes to gummy exports: the Mideast or the global market?
According to recent research, the Mideast region dominates the global gummy market, accounting for 70% of global exports. This is primarily due to the high demand for halal-certified gummies, as the majority of the Mideast region's population follows the Islamic faith. The halal certification ensures that the gummies are made according to Islamic law and are fit for consumption by Muslims.
Moreover, the Mideast region's gummy export industry has been thriving due to its strategic location, as it serves as a hub for exporting to other countries such as Europe and Asia. The region's well-established logistics network and advanced shipping facilities have also contributed to the success of the gummy export industry.
On the other hand, the global gummy market has been expanding, with various regions entering into the industry. The Asia Pacific region has been experiencing a surge in demand for gummies, with an estimated CAGR of 5.7% from 2020-2025. This is due to the rising disposable income and changing lifestyles of consumers in the region.
Overall, the Mideast region's dominance in the global gummy export industry can be attributed to its halal certification and strategic location. However, the global market is expanding rapidly and presents immense opportunities for gummy manufacturers worldwide. As the demand for gummies continues to increase, it will be interesting to see whether the Mideast region can maintain its dominance or if other regions will catch up and surpass it.
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