Alcohol Gummies Market Demand 2023

The Alcohol Gummies Market size was valued at $10.9 million in 2021, and is estimated to reach $16.3 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031. 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.

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Leading Key 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.

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.

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Alcohol gummies' market expansion may be constrained by the adverse effects of excessive usage. For instance, alcohol gummies have a lot of sugar in them, so if one eat too many of them, one can get digestive issues, hair loss, nerve damage, sickness, bloating, constipation, and exhaustion.

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