Chewing Gum Market 2023-2029: Bubblegum Buzz And Health-conscious Varieties

Chewing Gum Market Report Scope:

"Chewing Gum Market Dynamics," this report offers an extensive examination of the market's evolution, providing insights into innovation, consumer trends, and the impact of the ongoing COVID-19 pandemic on the industry. The following is a condensed overview of the critical factors shaping the global chewing gum market.

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Chewing Gum Market was valued at US$ 17.78 Bn in 2022 and is expected to reach US$ 20.43 Bn by 2029 at a CAGR of 2.01% during the forecast period.

Chewing Gum Market Research Methodology:

The report adopts a comprehensive research methodology that encompasses both primary and secondary research. Incorporating market and trend analyses, the study utilizes SWOT and PEST analyses, providing a nuanced understanding of market dynamics. Amidst the COVID-19 pandemic, the report assesses the virus's impact on production, demand, and overall market disruption.

What are Chewing Gum Market Dynamics:

Drivers: The market is driven by product innovation, particularly the introduction of sugar-free variants, aligned with growing consumer concerns for oral health. Stress-relieving properties, impulse purchasing behavior, and the appeal of dental benefits contribute to the increasing demand for chewing gums.

Restraints: Shifting consumer preferences to mints, health concerns, and governmental campaigns against chewing gum pose challenges to market growth.

Opportunities: Consumer awareness through informative packaging emerges as a potential avenue for market growth, allowing consumers to make informed choices.

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Chewing Gum Market Regional Insights:

Europe: The dominant market, with the United Kingdom and Italy at the forefront, Europe sustains a stable rate of chewing gum consumption. The demand for on-the-go mouth freshness products with active ingredients like stevia and xylitol contributes to growth.

Asia-Pacific: Anticipated to exhibit a healthy growth rate, driven by a significant youth population (18-24 years), China and India showcase a rising trend in gum sales.

This report aims to present a comprehensive assessment of the Global Chewing Gum Market, offering stakeholders valuable insights into market dynamics, growth drivers, and regional trends. Additionally, it provides a competitive analysis of key players, including strategic perspectives, market positioning, and core competencies.

What is Chewing Gum Market Segmentation:

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.

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

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Who are Chewing Gum Market Key Players:

1. Hershey Company
2. Mars Incorporated
3. Ferrero International SA
4. Perfetti Van Melle
5. Mondelz International, Inc.
6. Lotte Group
7. Tootsie Roll Industries
8. Wm. Wrigley Jr.Company
9. Ferndale Confectionery Pty Ltd
10. Kraft FoodsInc.
11. Arcor Group
12. Cloetta AB
13. Ferndale Confectionery Pty Ltd.
14. Haribo GmbH & Co. Kg
15. Lotte Confectionery

Table of content for the Chewing Gum Market includes:

Global Chewing Gum Market : Research Methodology
Global Chewing Gum Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Chewing Gum Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Development

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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