Chewing Gum Market to reach USD 18.13 Bn at a CAGR of 2.01 percent by 2030 Says Maximize Market Research
Maximize Market research, a leading Food and Beverages business consultancy and research firm has published a report on the “Chewing Gum Market”. The Chewing Gum Market, valued at US$ 18.13 Bn in 2023, is projected to reach US$ 20.84 Bn by 2030, growing at a CAGR of 2.01%. Sugar-free innovations and oral health concerns drive growth, countered by mints’ popularity and packaging-aware consumer trends. Stress relief properties and dental benefits further bolster demand.
Chewing Gum Market Scope and Research Methodology
Market Size in 2023– USD 18.13 Bn.
Market Size in 2030– USD 20.84 Bn.
CAGR– 2.01 percent (2024-2030)
Forecast Period– 2024-2030
Base Year– 2023
Number of Pages– 290
No. of Tables– 113
No. of Charts and Figures– 120
Segment Covered– Product, Distribution channel and form
Regional Scope– North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage– Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
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The Chewing Gum Market report offers a comprehensive analysis and meticulously estimating market size through a bottom-up approach. Key insights delve into global and regional drivers, future growth challenges, and technical opportunities. Regional breakdowns reveal market leaders, penetration rates, and demographic influences. Segmentation by product and distribution channels provides consumer insights and aids advertising strategies. Competitive analysis features a matrix of market leaders and newcomers, showcasing revenue, technology, and strategic moves. Data gathered from primary and secondary research, alongside qualitative and quantitative methods, validates findings. Tools like SWOT and Porter’s Five Forces offer a thorough understanding, making it a valuable resource for investors and marketers alike.
Chewing Gum Market Overview
The Chewing Gum is a popular beverage made from the leaves of Chewing Gum plant. The beverage is made by pouring hot water on fresh or dried leaves, thereby infusing the water with its scent and flavour. Over the years, the consumption of Chewing Gum has increased among the westerners with a wide range of flavours being offered to choose from. Increasing awareness among consumers regarding the health benefits offered by the consumption of Chewing Gum is expected to be the primary driver for the Chewing Gum industry growth.
Chewing Gum Market Dynamics
The Chewing Gum Market witnesses innovation with sugar-free variants and spurred by rising consumer focus on oral health. However, a shift towards mints, prompted by health concerns and government campaigns, hampers growth. Future opportunities lie in consumer education via informative packaging. Chewing gums known for stress relief benefit from impulse buys and consumer preference for dental-friendly products.
Chewing Gum Market Regional Insights
Europe, particularly the UK and Italy maintain their dominance in the chewing gum market and fueled by the craving for portable freshness, featuring stevia, xylitol, and mint. China and India emerge as key growth hubs on a global scale and driven by their vibrant youth demographics aged 18-24. As consumers prioritize convenience and health-conscious choices these regions witness a surge in demand for innovative gum variants with evolving tastes and lifestyle preferences, the market dynamics reflect a shift towards diverse flavor profiles and natural ingredients and underscoring the pivotal role of regional insights in shaping the industry landscape.
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Chewing Gum Market Segmentation
By Product:
- Sugar-free Gum
- Sugared Gum
Based on Product, the sugar-free chewing gum segment experiences robust growth and contrasting with a decline in sugared gum consumption. This trend is particularly pronounced in many countries, where sugar-free options thrive due to heightened concerns over tooth decay. Manufacturers respond with innovative products to bolster sales. Demand for single-pack sizes and unique formats presents market opportunities. Impulse buying drives chewing gum consumption, highlighting packaging’s importance. Furthermore, growing health consciousness fuels the demand for sugar-free 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
Chewing Gum Market Key Competitors include:
- Hershey
- Perfetti Van Melle
- Lotte Ventures
- Sharawigroup
- Arcor Group
- Mars Incorporated
- Cloetta Intergum
- Mondelez International
- Haribo
- Takasago International
- Tootsie Roll Industries
- Mind The Gum
- suifafood
- Kraft Heinz
- Alpengummi
- gudgum
- Marich Confectionery
- Milliways Food
- Simply Gum
- BenBits
- Glee Gums
- Eace Gum
- The PUR Company
- VitaeGum
Key questions answered in the Chewing Gum Market are:
- What is Chewing Gum?
- What are the opportunities for the Chewing Gum Market?
- What are the strategies used by competitors in the Chewing Gum Market?
- What is the current growth rate of the Chewing Gum Market?
- Who are the key players in the Chewing Gum Market?
- Which segment is expected to witness the fastest growth and why in the Chewing Gum Market?
- What are the factors affecting growth in the Chewing Gum Market?
- What are the growth prospects in developing countries for the Chewing Gum Market?
- Who held the largest market share in Chewing Gum Market?
- What is the demand pattern for the Chewing Gum Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product, Distribution and Region
- Competitive Landscape – Profiles of selected key players by region in 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
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
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Germany Nutritional Supplements Market – The Germany Nutritional Supplements Market size was valued at USD 5.02 million in 2023. The total Germany Nutritional Supplements Market revenue is expected to grow at a CAGR of 3.5% from 2023 to 2030, reaching nearly USD 6.39 Billion.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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