Press release
Chewing Gum Market is Projected to Reach USD 23.46 Billion by 2030: Cognitive Market Research
Chewing Gum Market is Projected to Reach USD 23.46 Billion by 2030: Cognitive Market Research
What is Chewing Gum?
Chewing gum is made up of flavors, sweeteners, gum bases, conditioners, gum fixings, and colors. These are available in sugar-free and sugared variants. The common chewing gum flavors are spearmint and peppermint chewing gum is good for cavity exercise and is used as a mouth refreshment. Sugared chewing is used in sweeteners fruit-based pulp and natural cane sugar and this chewing gum is high in calories.
Summary:
As per the study of CMR, the Global Chewing Gum Market size stood at USD 17.27 Billion in 2022 and will reach the mark of USD 23.46 Billion by 2030. The global market is expected to expand at a CAGR of 3.9 % during the forecast period (2023-2030).
To know more about The Chewing Gum Market statistics click here: https://www.cognitivemarketresearch.com/chewing-gum-market-report
Market Dynamics:
Chewing Gum Market Drivers:
The invention in packaging and products owing to increasing health awareness and consumer shifting eating tastes and habits is the key factor expected to drive the growth of the chewing gum market. In addition, the development of sales channels is likely to boost the demand for the chewing gum market.
Chewing Gum Market Opportunities:
The introduction of various types of promotion activities and packaging in chewing gum products will present growth opportunities for the chewing gum market. In addition, increasing initiatives by producers to invest in supportable development are projected to create lucrative growth opportunities for the global chewing gum market in the forecast period.
Chewing Gum Market Restraints:
Fluctuation of raw materials prices and increasing type 1 diabetes prevalence among children is the key factor anticipated to hamper the growth of the chewing gum market.
Market Segmentation:
Form:
• Liquid Filled Gum
• Pellets/pillows
• Sticks/tabs
• Others
Based on form, the pellets/pillows segment has the major share in the chewing gum market. This is attributed to pellet chewing gum in several flavors where spearmint flavor is the popular flavor and it has less chewiness and high elasticity is a perfect mix for consumers.
Type:
• Sugar-free Chewing Gum
• Sugared Chewing Gum
Based on type, the sugar-free chewing gum segment has the largest market share in the chewing gum market. This is due to the various benefits of sugar-free chewing gum which attracts consumers. In addition, sugar-free chewing gum help to prevent tooth by rising saliva production and help to wash food debris left behind after eating.
Distribution Channel:
• E-commerce
• Specialty Stores
• Supermarkets/hypermarkets
• Convenience Stores
• Others
Based on distribution channels, the supermarkets/hypermarkets segment has the major market share in the chewing gum market. This is owing to consumer choice to go to hypermarkets for the type of chewing gum and supermarkets/hypermarkets provide a one-stop solution that is likely to propel the demand for the chewing gum market.
Competitive Analysis of the Chewing Gum Market: Grenades Gum LLC, Cloetta AB, The Hershey Company, Mondelez International Inc, Arcor Group, Ferrero International S.A, Gumlink Confectionery Company A/S, Perfetti Van Melle Group B.V, HARIBO GmbH & Co. KG, Ferndale Confectionery Pty Ltd, Mars Incorporated, Lotte Corporation, Tootsie Roll Industries Inc, Meiji Holdings Co. Ltd.
Get free sample pages of the latest published Chewing Gum Market Report: https://www.cognitivemarketresearch.com/chewing-gum-market-report#request_sample
Regional Analysis:
Europe accounted for the largest share of the chewing gum market, in 2022
Europe has the largest revenue share in the chewing gum market. This is due to the increasing popularity of unflavored and flavored sugar-free chewing gum in the region. In addition, increasing demand for chewing gum in Europe is associated with a better desire to try new tastes, and changes in lifestyle are anticipated to drive the chewing gum market growth in the region.
Chewing Gum Market News:
Perfetti Van Melle has launched center fresh 3-layer gum in India
In August 2019, Perfetti Van Melle expanded the center fresh chewing gum brand portfolio and launched center fresh 3-layer gum in India. The company launched the product as a strategy to expand the 'fresh breath confidence' space by launching various product offerings under the Center Fresh brand.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Chewing Gum Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Chewing Gum Market Segmentation
1.5.1 Chewing Gum Market Regional Fragmentation
1.5.1 Chewing Gum Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Chewing Gum Market
• 3.1 Global Chewing Gum Market Size 2018 - 2030, (USD Million)
• 3.2 Global Chewing Gum Value, Absolute & Opportunity Analysis
• 3.3 Global Chewing Gum Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Chewing Gum Market Statistics 2022: Snapshot
Chapter 4 Global Chewing Gum Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Chewing Gum Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Chewing Gum Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 11 Global Chewing Gum Market by Form Segmentation Analysis (2018-2030)
Chapter 12 Global Chewing Gum Market Regional Analysis
Chapter 13 North America Chewing Gum Market Outlook (2018 - 2030)
Chapter 14 Europe Chewing Gum Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Chewing Gum Market Outlook (2018 - 2030)
Chapter 16 Latin America Chewing Gum Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Chewing Gum Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Chewing Gum Market TOC click here: https://www.cognitivemarketresearch.com/chewing-gum-market-report#table_of_contents
Related Report:
• Chocolate Confectionery Market- https://www.cognitivemarketresearch.com/chocolate-confectionery-market-report
• Chewing Gum Base Market- https://www.cognitivemarketresearch.com/chewing-gum-base-market-report
• Confectionary Market- https://www.cognitivemarketresearch.com/confectionary-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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