Press release
Chewing Gum Market Is Booming Worldwide with Mondelez, Lotte, Haribo
Chewing Gum Market
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Definition:
Chewing gum is a type of soft, sweetened, flavored rubber that is meant to be chewed on but not swallowed. It aids with weight management, digestion, stress reduction, and memory enhancement. Chewing gum does not lose its quality over an extended length of time. Therefore, it is legal in the majority of countries to sell these gums without an expiration date. Chewing gum has a yearly global market share of about 560,000 tons, valued at USD 5 billion. Chewing gum overuse causes headaches, jaw pains, and diarrhea, among other issues. Chewing gum demand is rising as a result of rising demand for sugar-free varieties.
Chewing Gum Market is estimated to increase at a growth rate of 5.2% CAGR over the forecast period from 2024 to 2032.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2022
Base year - 2022
Forecast period** - 2023 to 2030 [** unless otherwise stated]
The titled segments and sub-section of the market are illuminated below:
by Type (Sugared Chewing Gum, Sugar-free Chewing Gum), Form (Tablets, Coated Pellets, Sticks/Slabs, Other), Distribution Channel (Supermarkets & Hypermarkets, Retail Stores, Drug Stores, Online, Others), Flavours (Mint, Spearmint, Peppermint, Wintergreen, Others)
Top Players in the Market are: The Wm. Wrigley Jr. Company (United States), Mondelez International, Inc. (United States), Lotte Corporation (South Korea), Perfetti Van Melle Group B.V. (Italy), The Hershey Company (United States), GelStat Corporation. (United States), The Ferrara Candy Company (United States), Chocoladefabriken Lindt & Sprüngli AG (Switzerland), Swedish Fish (Sweden), Ferndale Confectionery Pty Ltd (Australia), Haribo GmbH & Co. Kg (Germany), Perfetti Van Melle Group B.V. (Italy), ZED Candy (The Netherland), Simply Gum Inc. (United States), Cadbury Trebor Bassett (United Kingdom)
Region Included are: North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy) & Other Country (Middle East, Africa, GCC)
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Important Features that are under offering & key highlights of the report:
- Detailed overview of Chewing Gum market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Chewing Gum market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Chewing Gum market performance
- Must-have information for market players to sustain and enhance their market footprint
Read Detailed Index of full Research Study at @: https://www.usdanalytics.com/industry-reports/chewing-gum-market
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Global Chewing Gum market?
• What are the key concerns of the five forces analysis of the Global Chewing Gum market?
• What are different prospects and threats faced by the dealers in the Global Chewing Gum market?
• What are the strengths and weaknesses of the key vendors?
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Harry (Business Consultant)
USD Analytics Market
Phone: +1 213-510-3499
sales@usdanalytics.com
About Author:
USD Analytics is a leading information and analytics provider for customers across industries worldwide. Our high-quality research publications are connected market. Intelligence databases and consulting services support end-to-end support our customer research needs.
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