Chewing Gum Market - Trends Forecast Till 2028

Chewing Gum Market is segmented by Product Type (Sugared Chewing Gums and Sugar-free Chewing Gums), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online Retail, and Other Distribution Channels), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CG-CGM-1037

Format:  

Number of Pages: 377

Domain: Consumer Goods & Services

Chewing Gum Market – Trends Forecast Till 2028

The global Chewing Gum Market size is projected to reach a CAGR of 5.39% from 2021-2028.

Gums are cohesive substances made with ingredients, such as latex sap. It is combined with flavourings and sweeteners, which are designed to be chewed without being swallowed.

Introducing new product flavours or incorporating natural ingredients, are some of the factors that have supported long-term expansion for Chewing Gum Market.

Nicotine gums, an important part of the chewing gum market, witnessed an upsurging demand among global consumers during the COVID-19 pandemic. This was due to consumers' rising awareness regarding the severity of COVID-19 disease, which is higher among smokers.

Chewing Gum Market Research Report

The North American market accounted for the largest share of the global chewing gum market, fuelled by the changing preferences of consumers. In the region, consumers are shifting from sugared gums to sugar-free gums due to the rising concerns of sugar intake and its harmful effects.

Chewing Gum Market is segmented into product type, distribution channel and region.

On the basis of Product Type

  • Sugared chewing gums
  • Sugar-free chewing gums

On the basis of Distribution Channel  

  • Supermarkets
  • Convenience stores
  • Speciality stores
  • Online retail

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Chewing Gum Market Primary Respondent

 

Key Players

  • Mondelez International
  • Mars
  • Perfetti Van melle
  • Lotte Confectionery
  • Grupo Arcor
  • Hershey Foods
  • Peppersmith
  • Republic Biscuit (Rebisco)
  • Super Mouth
  • Think Gum
  • Wrigley
  • Xlear
  • Zapp Gum
  • Zoft Gum

Recent Developments

  • In June 2019, Mars Incorporated introduced its popular gum brand Juicy Fruit to India. The product is locally designed and is priced, keeping Indian consumers in mind to promote its sales in the local market widely.
  • In April 2018, Mondelez International announced a new investment in its Global Technical Center in Wroclaw, Poland. Only 1.5 years after the center's opening, the company invested another USD 5 billion, in addition to the initial USD 17 billion investment, to expand the research and development activities beyond chocolate and bakery and serve gum and candy innovation.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Chewing Gum Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 5.39% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

product type, distribution channel and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Mondelez International, Mars, Perfetti Van melle, Lotte Confectionery, and Grupo Arcor, Hershey Foods, Peppersmith, Republic Biscuit (Rebisco), Super Mouth, Think Gum, Wrigley, Xlear, Zapp Gum, Zoft Gum

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