Yumy9/23/2023 ![]() Yumy Bear has received significant interest from investors representing the hype around vegan food and a chance to invest in the first publicly traded low-sugar vegan gummy company. Increasing worldwide acceptance of veganism and conscious choice to reduce meat-based product consumption has fueled the growth of this market segment. While the jellies and gummies industry is projected to grow at a 3.5% compound annual growth rate (CAGR) between 20, the global vegan confectionery market is expected to grow at an astounding 11.8% CAGR from 2020 to 2027. The company looks to take a cut into the multi-billion dollar jellies and gummies industry, which was valued at USD 13.9 billion in 2018, according to Grand View Research. It will be the fastest-growing plant-based candy company in the world when it begins publicly trading and is the hottest item in the candy section right now. The company is on a mission to replace high-sugar candy with its healthy, low-sugar alternative. Like Beyond Meat and Oatly before it, investors can't wait to buy in. The hype surrounding the first publicly traded vegan gummy company couldn't be higher. Yumy Bear plans to go public with an IPO in early July under the symbol YUMY on the Canadian Securities Exchange. ![]() Each bag is approximately $1 to $1.5 cheaper than its market peers. Made with three grams of sugar, 21 grams of fiber and 115 calories per serving, the non-GMO verified Yumy Bear currently offers peach and strawberry-kiwi flavors. It aims to take a stranglehold on the multi-billion dollar global candy industry as it continues its mission to help reduce the world's reliance on meat-based products. Yumy Bear's plant-based candies are the next big market movers in plant-based products. Oatly's recent blockbuster IPO shows an unquenchable appetite for plant-based alternative products, and the company is now valued at $15.3 billion. It soared from a $1.5 billion IPO to more than $13 billion in 3 months. The successful IPO of Beyond Meat that kickstarted the plant-based eating movement in 2019 hasn't slowed down. First meat, then dairy and now candy are paving new ground by emphasizing health without sacrificing flavor. Healthy food alternatives have hit a feverish pitch. She also stressed how her women-led team created a unique formulation process delivering a softer, juicier texture using plant-based ingredients instead of gelatin, an animal-derived component commonly used in regular gummies. "Our products taste amazing, and they're naturally sweetened without sugar alcohols or artificial sweeteners," Williams said. Williams launched Yumy Bear after identifying a market gap for healthy alternatives to candy incumbents and affordable options within the premium aisle. ![]() But it's an IPO out of Canada, Yumy Bear, that may be the biggest winner for investors yet.įounded by Erica Williams, a fitness coach and athlete, Yumy Bear is a women-led confectioner producing delicious low-sugar vegan gummies priced lower than the competition while providing a superior taste. ![]() Buy the right new stock, and you can end up making it big with the next Tesla or Beyond Meat. This summer, the IPO market will be scorching hot, with big names like Robinhood, Discord and Instacart going public. ![]()
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