Chewing Gum Market Set for Steady Growth, Poised to Reach $20.84 Billion by 2030
The global chewing gum market, valued at $18.13 billion in 2023, is projected to reach $20.84 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.01% during the forecast period. This growth is driven by innovations in sugar-free products and increasing consumer awareness about oral health.
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Chewing Gum Market Scope and Methodology:
The report offers a detailed view of the Chewing Gum market segments formed by combining various aspects. In addition, the report also discusses key drivers, restraints, potential growth opportunities, and challenges of the market. The report provides a comprehensive overview of the competitive market and in-depth analysis that helps companies identify significant changes in industry practices. The market report also studies the current state of the Chewing Gum industry with projected future growth, technological developments, investment outlook, market economics and financial data. The study provides an in-depth description of each regional market size, growth rates and provides an overall picture. It provides in-depth information on key players in the industry and explains their approach to maintaining and growing Chewing Gum market share.
Chewing Gum Market Regional Insights:
Chewing Gum market is segmented into major regions such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. These regions are divided into countries like the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
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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Table of Content: Chewing Gum Market
Part 01: Executive Summary
Part 02: Scope of the Chewing Gum Market Report
Part 03: Global Chewing Gum Market Landscape
Part 04: Global Chewing Gum Market Sizing
Part 05: Global Chewing Gum Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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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
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Key questions answered in the Chewing Gum Market are:
- What is Chewing Gum?
- What is the growth rate of the Chewing Gum Market?
- Which is the fastest-growing region in the Chewing Gum market?
- Which are the factors expected to drive the Chewing Gum market growth?
- What is the CAGR at which the Chewing Gum market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Chewing Gum?
- What are the upcoming opportunities and trends for the Chewing Gum Market?
- What are the different segments of the Chewing Gum Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Chewing Gum Market?
- What segments are covered in the Chewing Gum Market?
- Who are the key players in the Chewing Gum market?
- Who are the leading companies and what are their portfolios in Chewing Gum Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- 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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