Growth Potential of Chewing Gum Market:
The chewing gum market, estimated at US$ 18.13 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 2.01% to reach US$ 20.84 billion by 2030.
Chewing Gum Market Recent Developments:
Chewing Gum Market Report Scope and Research Methodology:
This research report provides an in-depth look at the Chewing Gum market. It covers market segments, regions, and the strategies of leading companies. The report analyzes opportunities, challenges, drivers, and constraints at different levels. It also includes data on import/export consumption, supply and demand, prices, costs, and gross margins. The information comes from primary and secondary research methods, such as surveys and interviews, to ensure it is accurate. SWOT and descriptive analyses are used to evaluate important information. The aim is to offer critical data about the Chewing Gum Market. Data collection is crucial for tracking market trends through qualitative and quantitative research. The market is also assessed for future potential, RD projects, innovative practices, and industry consolidation.
All of the data is gathered in raw format and then rigorously filtered so that just the information that is needed is retained. Before being used further, the remaining data is thoroughly verified and its legitimacy (as the source) is examined. We have also gathered and combined the information from our earlier market research studies. Our sizable internal data warehouse contains all of the prior reports. Additionally, the professionals compile trustworthy data from the premium databases.
Chewing Gum Market Regional Insights:
Regional analysis is conducted to assess the status of the Chewing Gum market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Chewing Gum market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
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Chewing Gum Market Segmentation:
by Product
Sugar-free Gum
Sugared Gum
by Distribution Channel
Convenience Stores
Specialist Retailers
Supermarkets and Hypermarkets
Variety Stores
Online Retail
Department Stores
Others
by Form
Sticks/tabs
Pellets/pillows
Liquid Filled Gum
Others
While chewing gum with added sugar is becoming less popular, chewing gum without added sugar is growing in popularity. Chewing gum without added sugar is still considered a promising product in most nations, which is why its growth is far faster. Manufacturers have been compelled to introduce a line of sugar-free products in order to increase sales as dental decay is becoming a growing concern due to sugar content. Chewing gum market opportunity could be driven by product innovation in a unique format and increasing demand for single-pack sizes.
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Chewing Gum Market Key Players:
North America
1. Hershey
2. Mars Incorporated
3. Mondelez International
4. Tootsie Roll Industries
5. Kraft Heinz
6. Marich Confectionery
7. Simply Gum
8. Glee Gums
Asia-Pacific
9. Lotte Ventures
10. Intergum
11. Takasago International
12. suifafood
13. gudgum
Europe
14. Perfetti Van Melle
15. Cloetta
16. Haribo
17. Mind The Gum
18. Alpengummi
19. Milliways Food
20. BenBits
21. Eace Gum
22. The PUR Company
23. VitaeGum
MEA
24. Sharawigroup
South America
25. Arcor Group
Key questions answered in the Chewing Gum Market are:
- What is Chewing Gum?
- What was the Chewing Gum market size in 2023?
- What is the growth rate of the Chewing Gum Market?
- Which are the factors expected to drive the Chewing Gum market growth?
- What are the different segments of the Chewing Gum Market?
- What growth strategies are the players considering to increase their presence in Chewing Gum?
- What are the upcoming industry applications and trends for the Chewing Gum Market?
- What segments are covered in the Chewing Gum Market?
- Who are the leading companies and what are their portfolios in Chewing Gum Market?
- What segments are covered in the Chewing Gum Market?
- Who are the key players in the Chewing Gum market?
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