Gum Confectionery Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Gum Confectionery Market Size, Growth Rate, And Forecast
The global gum confectionery market size is expected to grow from $29.47 billion in 2022 to $31.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gum confectionery market size is expected to reach $37.61 billion in 2027 at a CAGR of 4.8%.

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Gum Confectionery Market Drivers
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.

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Gum Confectionery Market Segments
• By Type: Sugared Gum, Sugar-Free Gum

• By Form: Sticks Or Tabs, Pellets Or Pillows, Liquid Filled Gum, Other Forms

• By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the gum confectionery market.

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Gum Confectionery Market Key Players
Major competitors in the gum confectionery market include Perfetti Van Melle, 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.

The Business Research Company's "Global Gum Confectionery Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Gum Confectionery Market Include:
1. Executive Summary
2. Gum Confectionery Market Characteristics
3. Gum Confectionery Market Trends And Strategies
4. Gum Confectionery Market - Macro Economic Scenario
5. Gum Confectionery Market Size And Growth
……
26. Africa Gum Confectionery Market
27. Gum Confectionery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gum Confectionery Market
29. Gum Confectionery Market Future Outlook and Potential Analysis
30. Appendix

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