Chewing Gum Market Size is Projected to Surpass US$ 31.8 Billion By 2028 | Growth Rate (CAGR) of 2.8%

A new research report by IMARC Group, titled "Chewing Gum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on chewing gum market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global chewing gum market size reached US$ 26.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Chewing gum refers to soft and rubbery candy designed to be chewed but not swallowed. They are available in sugar-free, sugared, pellet, stick, tab, center-filled, ball, cut and wrap, and other product types. These chewing gum variants are manufactured by melting gum base in a mixer with heat and then adding other ingredients until the mass reaches the right consistency. They assist in enhancing several aspects of brain function, including memory, alertness, understanding, and decision-making. Chewing gum products aid in losing weight by decreasing appetite and preventing overeating and even create more saliva that helps balance acids in the esophagus while easing symptoms of acid reflux. Consequently, they are in extensive demand across the globe.

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Market Trends:

The increasing awareness about the multiple health advantages of chewing gums, such as combating stress and anxiety, reducing oral bacteria, improving concentration, etc., is primarily driving the chewing gum market. Furthermore, the rising requirement for nicotine gums that help smokers quit smoking and lower the risk of lung cancer is acting as another significant growth-inducing factor. Additionally, the launch of innovative product packaging by leading market players, including family-sized packs, attractive wrappers, and resealable packaging, is also positively influencing the market growth. In line with this, the introduction of sugar-free products that reduce the risk of tooth decay as compared to conventional ones and the development of functional gums with botanical ingredients for numerous age groups are further stimulating the market growth. Moreover, the elevating product availability on online channels is expected to bolster the chewing gum market over the forecasted period.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/chewing-gum-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Mondelez
• Perfetti
• Wrigley
• Lotte
• Cloetta
• Hershey

Chewing Gum Market Segmentation:

Our report has categorized the market based on region, sugar type, product type and distribution channel.

Breakup by Sugar Type:
• Sugar Free Chewing Gums
• Sugared Chewing Gums

Breakup by Product Type:
• Pellet
• Stick/Tab
• Centre-filled
• Cut and Wrap
• Ball
• Others

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Pharmacies
• Convenience Stores
• Departmental Stores
• Online
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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