Press release
Global Bubble Gum Market to Witness a Pronounce Growth During 2023
Bubble gum is a type of chewing gum, designed to freshen breath and to be inflated out of the mouth as a bubble. Bubble gum have property of blowing bubbles because film-forming characteristics.
Bubble Gum includes Sugarless and Sugar-Containing types in this report.
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Global Bubble Gum Market: Forecast by Type / Application / Region
In the past few years from 2012-2017, the global production and consumption developed stably. The global Bubble Gum market size in terms of production is projected to grow to 240,474 MT by 2022 from 173481 MT in 2017 (estimated), with a CAGR 6.75%. At the same time, Asia-Pacific, EU and North America are remarkable in the global Bubble Gum industry because of their market share and technology status of Bubble Gum.
In the future, the production and consumption is estimated to continue developing with a stable growth rate. To meet the large and increasing demand, more and more manufacturers will go into this industry.
The price of Bubble Gum differs from company to company, as there is a great difference among the Bubble Gum quality from different companies.
Although the market competition of Bubble Gum is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Bubble Gum and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, LPI(LP Information) projects that Bubble Gum will register a 4.4% CAGR in terms of revenue, reach US$ 810 million by 2023, from US$ 650 million in 2017.
Global Bubble Gum Market: Key Players
Wrigley
Cadbury
Hershey
Concord Confections
Perfetti Van Melle
Unigum
Oakleaf
ZED Candy (Dublin)
Lotte
Orion
Fini Sweets
Zhejiang Spring Sweets Co
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Related Information:
United States Bubble Gum Market Research Report 2018
Europe Bubble Gum Market Research Report 2018
North America Bubble Gum Market Research Report 2018
Asia-Pacific Bubble Gum Market Research Report 2018
China Bubble Gum Market Research Report 2018
EMEA Bubble Gum Market Research Report 2018
Global Bubble Gum Market Research Report 2018
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