Chewing Gum Market Size By Application, By Type, By Geographic Scope And Forecast 2022-2031

The global chewing gum market size generated $16.1 billion in 2021, and is estimated to reach $26.8 billion by 2031, witnessing a CAGR of 4.3% from 2022 to 2031.

Innovation in products and packaging due to rise in health awareness and shifting consumer eating habits and tastes and expansion of sales channels drive the growth of the global chewing gum market. Region-wise, the market in Europe is likely to dominate in terms of revenue and Asia-Pacific is expected to grow at the fastest CAGR during the forecast period 2022 to 2031.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/A08801

The rising wellness trends in the confectionery industry are boosting the demand for organic, sugar-free, and low-calorie chewing gum across the globe. Manufacturers are eliminating high fructose corn syrup and artificial additives in the making of chewing gum and opting for sugar alcohol.

Chewing gum is a soft, cohesive substance designed to be chewed without being swallowed. Chewing gum is composed of gum base, softeners/plasticizers, flavors, colors, and, typically, a hard or powdered polyol coating. Chewing gum is available in both sugared and sugar-free variants. The sweetener used in sugared chewing is natural cane sugar or fruit-based pulp which contains natural fruit sugar. Sugared chewing gum is high in calories and poses a threat of forming tooth decay. On the other hand, sugar-free chewing gum contains high-intensity sweeteners, sugar alcohols, and alternative sweeteners.

Buy This Research Report : https://www.alliedmarketresearch.com/chewing-gum-market/purchase-options

The report offers a detailed segmentation of the global chewing gum market based on form, type, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on region, the market in Europe was the largest in 2021, accounting for over one-third of the global chewing gum market in 2021 and is likely to maintain its dominance during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 5.9% from 2022 to 2031. The other regions analyzed in the study include North America and LAMEA.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A08801

Leading players of the global chewing gum market analyzed in the research include 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., Yıldız Holding A/S, HARIBO GmbH & Co. KG, Ferndale Confectionery Pty Ltd., Mars, Incorporated, Lotte Corporation, Tootsie Roll Industries, Inc., and Meiji Holdings Co., Ltd.

The report analyzes these key players of the global chewing gum market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Read More: https://www.alliedmarketresearch.com/chewing-gum-market-A08801

David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.