Chewing Gum Market - Trends Forecast Till 2028

Market Overview

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.

Regional Analysis

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.

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

Competitive Landscape

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