Global chewing gum market is segmented by Product (Sugar-free Gum and Sugared Gum), Distribution Channel (Convenience Stores, Specialist Retailers, Supermarkets and Hypermarkets, Variety Stores, Online Retail, Department Stores and Others) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) is expected to reach US$ 19.642 Bn by 2026 at a CAGR of 2.01% during the forecast period.
Growth in smoking population and increased use of fat burning/slim and anti-hunger functional gums drives the chewing gum market growth. Introduction of innovative functional gums such as cancer detecting and health benefits, and the increase online retailing impacting the consumers purchasing decision are identified as emerging trends influencing the market positively during the forecast period. Fluctuation in pricing strategy and lack of regulations are some of the restraint that are going to affect the market.
Sugar-free Chewing Gum growth is boosting.
Sugar-free chewing gum is still a promising category in the majority of the countries. Increasing health consciousness among people is expected to increase the demand for sugar-free chewing gum in the region. Rising concern regarding tooth decay, due to sugar content, has forced manufacturers to launch a sugar-free range of products to boost sale.
Europe to remain dominant in chewing gum market.
Europe will remain dominant in chewing gum market, with the United Kingdom and Italy being the significant markets. Consumption of chewing gum is growing at a stable rate driven by increased demand for on-the-go mouth freshness products with active ingredients, such as stevia, xylitol, and mint.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as Hershey Company, Mars Incorporated, Ferrero International SA, Perfetti Van Melle, Mondelz International, Inc., Lotte Group, Tootsie Roll Industries, Wm. Wrigley Jr.Company, Ferndale Confectionery Pty Ltd, Kraft FoodsInc., Arcor Group, Cloetta AB, Ferndale Confectionery Pty Ltd., Haribo GmbH & Co. Kg, Lotte Confectionery.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global chewing gum market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry.
Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global chewing gum market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global chewing gum market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Chewing Gum Market”.
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