Press release
Gum Confectionery Market Share, Business Development, Innovation, Top Companies And Forecast 2024-2033
Gum Confectionery Market
The gum confectionery market size is expected to see strong growth in the next few years. It will grow to $42.91 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to health-conscious consumers, sensory experiences, globalization and cultural fusion, sustainable practices, innovations in ingredients. Major trends in the forecast period include functional and health-boosting ingredients, sugar reduction and natural sweeteners, novelty and exotic flavors, interactive and engaging packaging, eco-friendly packaging and sustainability.
Market Overview -
Gum confectionery refers to a sweetened and flavored insoluble material usually made for chewing, intended to be chewed to release active and/or inert ingredients. It is commonly used to reduce bad breath and protect teeth.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9564&type=smp
Rising Chewing Gum Sales Propel Growth In Gum Confectionery Market
The increasing sales of chewing gum are expected to propel the gum confectionery market going forward. Chewing gum refers to a sweetened and flavored preparation for chewing without swallowing. It is made from chicle and similar resilient substances and chewed for its flavor. Chewing gums are types of mouth-refreshing gum confectioneries made using the base of gum confectioneries, so an increase in chewing gums will result in an increased demand for the gum confectionery market. For instance, in March 2022, according to a report shared by National Confectioners Association, a US-based trade organization that promotes chocolate, candy, gum and mints, Candy, gums, and mints sales increased 13.8% in 2022 to $3.2 billion, up from $3.1 billion in 2021. Therefore, the increasing sale of chewing gum is driving the gum confectionery market.
Competitive Landscape -
Major companies operating in the gum confectionery market report are Perfetti Van Melle Pvt. Ltd., Mars Incorporated, Lotte Confectionery Co. Ltd., Mondelez International Inc., Grenades Gum LLC, Cloetta AB, The Hershey Company, Ferrero International S A, Gumlink Confectionery Company A S, Haribo GmbH & Co KG, FERNDALE CONFECTIONERY PTY. LTD., Tootsie Roll Industries Inc., Meiji Holdings Co. Ltd., Grupo Arcor, Zed Candy B.V., The Kraft Heinz Company, Yildiz Holding A.S., Chupa Chups SA, Peppersmith, The PUR Company Inc., Project 7, Simply Gum, Trident Limited, Extra Gum, Wrigley Company, Big League Chew, Mentos, Trolli GmbH, Skittles, Xylichew .
Innovative Solutions Drive Growth In Gum Confectionery Market
Product innovations are a key trend gaining popularity in the gum confectionery markets. Major companies operating in the gum confectionery market are focused on developing innovative solutions to strengthen their position. For instance, in December 2022, Perfetti Van Melle, a Netherlands-based manufacturer and distributor of confectionery and chewing gum, launched Mentos Citrus Vitamin Gum. It is uniquely designed to be sugar-free, contains 25% of the recommended daily amounts of vitamins B6, C, and B12, and has a liquid-filled center to give it long-lasting freshness. It contains a mix of bold citrus flavors that will keep the taste buds tingling chew after chew.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/gum-confectionery-global-market-report
Key Segments -
The gum confectionery market covered in this report is segmented -
1) By Type: Sugared Gum, Sugar-Free Gum
2) By Form: Sticks Or Tabs, Pellets Or Pillows, Liquid Filled Gum, Other Forms
3) By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gum Confectionery Market Share, Business Development, Innovation, Top Companies And Forecast 2024-2033 here
News-ID: 3481596 • Views: …
More Releases from The Business research company
Strong Growth Projected: Sciatica Market to Reach $8.59B by 2028 Growing at 6.3% …
The sciatica market size has grown strongly in recent years. It will grow from $6.52 billion in 2023 to $6.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to innovative pain management solutions, digital health, telemedicine, personalized treatment approaches, integrative care models.
The sciatica market size is expected to see strong growth in the next few years. It…
Strong Growth Projected: Anorectal Disorders Treatment Market to Reach $5.38B by …
The anorectal disorders treatment market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to aging population, lifestyle factors, increased awareness, on-surgical interventions.
The anorectal disorders treatment market size is expected to see strong growth in the next few years. It will…
Strong Growth Projected: Voltage Transducer Market to Reach $3.08B by 2028 Growi …
The voltage transducer market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing need for industrial automation, increasing energy management, increasing smart grid development, rise in telecommunications.
The voltage transducer market size is expected to see strong growth in the…
Strong Growth Projected: Switchgear Monitoring System Market to Reach $2.35B by …
The switchgear monitoring system market size has grown strongly in recent years. It will grow from $1.53 billion in 2023 to $1.68 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to aging infrastructure, industrialization, growing adoption of smart grid, increasing demand for reliable and efficient power transmission, increasing complexity of electrical grids.
The switchgear monitoring system market size…
More Releases for Gum
Guar Gum Market | Modern Business Tactics and SWOT Analysis | Keyplayers- Jai Bh …
According to SMI's latest research, the Guar Gum market is expected to achieve the greatest growth between 2021 and 2028. The focus of this Guar Gum market intelligence report is based on skilled research insights and complete industry dynamics to focus on current trends, industry financial overview, and historical data evaluation. The company profile is based on the current Guar Gum market performance (including driving factors, trends, and challenges) calculated…
Gum Arabic Market 2018 Global Analysis Report By Key Players- GUM ARABIC, NEXIRA …
The Report published on UpMarketResearch.com about “Gum Arabic Market” is spread across 105 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the market.
Get FREE Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/5893
Gum Arabic Market…
Guar Gum Market Outlook 2017-2022 Hindustan Gum, Jai Bharat Gum and Chemicals, N …
Global Guar Gum Market Research Report
Global market study " Guar Gum Market 2017-2022 " analyses the crucial factors of the Guar Gum market based on present industry situations, market demands, business strategies adopted by Guar Gum market players and their growth scenario. This report isolates the Guar Gum market based on the key players, Type, Application and Regions.
The Guar Gum report provides the past, present and future Guar Gum…
Guar Gum Market Size 2017-2022 Hindustan Gum, Vikas WSP, Supreme Gums, Raj Gum
Guar Gum Market Size 2017-2022 Gum, Vikas WSP, Supreme Gums, Raj Gum
Recently published a detailed market study on the "Guar Gum Market" across the global, regional and country level. The report on the global Guar Gum market uses the top-down and bottom-up approaches to define, analyze, and describe the Guar Gum market trends for the next five years And Guar Gum market Size and Share. The Guar Gum market report…
Global Gum Arabic (E414) Market 2017 Gum Arabic Company Limited, Dansa Gum, Prod …
The Global Gum Arabic (E414) Market 2016-2022 industry, Starting with a broad overview of the Gum Arabic (E414) Industry globally as well as with a specific focus on Manufactures. By conducting a check of the current status of the Gum Arabic (E414) in Globe 2016-2022 Industry, the report is able to delver deeper into the various forces that directly and indirectly impact the Industry. Global Gum Arabic (E414) Industry Segments…
Guar Gum Market 2017- Hindustan Gum, Jai Bharat Gum and Chemicals, Neelkanth Pol …
Guar Gum is a type of products that derived from guar splits that obtained from guar seed.
Guar is a leguminous plant that grows to a height of three to six feet. It bears many beanlike pods, each of which contains six to nine small, rounded seeds.
Request for sample @ https://goo.gl/BazIlt
Major players in the global Guar Gum market :-
Hindustan Gum
Jai Bharat Gum and Chemicals
Neelkanth Polymers
Sunita Hydrocolloids
Vikas WSP
Guangrao Liuhe Chemical
Global Gums…
