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Sugar-Free Chewing Gum Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : The Hershey Company, Perfetti Van Melle Benelux B.V., Mondelez International Inc.
Sugar-Free Chewing Gum Global Market Report 2024
As per the report, the sugar-free chewing gum market size has grown strongly in recent years. It will grow from $12.11 billion in 2023 to $13.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The sugar-free chewing gum market size is expected to see strong growth in the next few years. It will grow to $16.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Sugar-Free Chewing Gum Market Surges As Diabetic Population Soars Worldwide
The rising diabetic population is expected to propel the growth of the sugar-free chewing gum market going forward. Diabetes is a chronic health condition characterized by high blood glucose levels due to the body's inability to produce or properly use insulin. Sugar-free gums strengthen enamel, reduce tooth sensitivity, and are very much helpful for diabetes patients who have to monitor sugar intake, seek sugar-free options, and are concerned about their oral health. For instance, in 2021, according to the International Diabetes Federation, an international association, diabetes atlas 10th edition report, diabetes affects 537 million individuals worldwide. This figure is expected to reach 643 million by 2030 and 783 million by 2045. Therefore, the rising diabetic population will drive the sugar-free chewing gum market.
Innovative Botanical-Infused Gum For Youngsters Leads Sugar-Free Chewing Gum Market With
Product innovations are a popular trend in the sugar-free chewing gum market. Major companies operating in the sugar-free chewing gum focus on product innovation, including introducing new flavors, longer-lasting functional ingredients, and eco-friendly packaging to reinforce their position in the market. For Instance, in January 2022, Sweet Victory, an Israel-based chewing gum company, launched chewing gum for youngsters manufactured from botanical-infused products because of its well-known metabolic impact. The unique chewy substance starts working in two minutes by blocking sugar receptors on the tongue, and the effect can last up to two hours.
The sugar-free chewing gum market covered in this report is segmented -
1) By Type: Tooth Protection Gum, Quit Smoking Gum, Weight Loss Gum, Other Types
2) By Flavor: Spearmint, Peppermint, Bubble Gum, Other Flavors
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Or Grocery Stores, Online Retail Stores, Other Distribution Channels
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Major companies operating in the sugar-free chewing gum market report are The Hershey Company, Perfetti Van Melle Benelux B.V., Mondelez International Inc., Ferrero S.p.A., Lotte Confectionery Co. Ltd., The PUR Company Inc., Mars Incorporated, Health Made Easy Group Limited, Ferndale Confectionary Company, Chewsy Gum Inc., Verve Inc., Kraft Foods Inc., Haribo GmbH & Co. KG, The William Wrigley Jr. Company, Topps Company Inc., Simply Gum Inc., Nestlé S.A., Cadbury Adams USA LLC, Peppersmith, Project 7, Trident Brands Incorporated, Dentyne, Eclipse Gum Company, Extra Brands LLC, Ice Breakers Canada ULC, Mentos, Stride Gum Inc., Cloetta AB, Morinaga & Co. Ltd., Tootsie Roll Industries Inc.
Contents of the report:
1. Executive Summary
2. Sugar-Free Chewing Gum Market Report Structure
3. Sugar-Free Chewing Gum Market Trends And Strategies
4. Sugar-Free Chewing Gum Market - Macro Economic Scenario
5. Sugar-Free Chewing Gum Market Size And Growth
…..
27. Sugar-Free Chewing Gum Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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