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Sugar-Free Chewing Gum Market Size, Report, Share, Overview And Future Forecast To 2033
Sugar-Free Chewing Gum Market
According to The Business Research Company's, 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 growth in the historic period can be attributed to rising diabetes concerns, weight management focus, dental health awareness, changing consumer lifestyles, innovation in flavors and ingredients, regulatory measures on sugar content.
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%. The growth in the forecast period can be attributed to expansion of diabetic-friendly products, innovations in ingredients and formulations, e-commerce and online retailing, marketing strategies emphasizing oral health, environmental sustainability. Major trends in the forecast period include functional ingredients and health benefits, natural and clean label products, innovative flavors and formats, sustainability and eco-friendly packaging, online retail and direct-to-consumer sales.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Sugar-Free Chewing Gum Market 2024 Key Insights:
• The sugar-free chewing gum market will grow to $16.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Sugar-Free Chewing Gum Market Surges As Diabetic Population Soars Worldwide
• Innovative Botanical-Infused Gum For Youngsters Leads Sugar-Free Chewing Gum Market With
• North America was the largest region in the sugar-free chewing gum market in 2023
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