A new Report by Delvens, titled "Chewing Gum Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Chewing Gum Market size is projected to reach a CAGR of 5.39% to 2028.
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Gums are cohesive substances made with ingredients, such as latex sap. It is combined with flavourings and sweeteners, which are designed to be chewed without being swallowed.
Introducing new product flavours or incorporating natural ingredients, are some of the factors that have supported long-term expansion for Chewing Gum Market.
Regional Analysis
The North American market accounted for the largest share of the global chewing gum market, fuelled by the changing preferences of consumers. In the region, consumers are shifting from sugared gums to sugar-free gums due to the rising concerns of sugar intake and its harmful effects.
Key Players of Chewing Gum Market:
· Mondelez International
· Mars
· Perfetti Van melle
· Lotte Confectionery
· Grupo Arcor
· Hershey Foods
· Peppersmith
· Republic Biscuit (Rebisco)
· Super Mouth
· Think Gum
· Wrigley
· Xlear
· Zapp Gum
· Zoft Gum and More
Recent Developments
In June 2019, Mars Incorporated introduced its popular gum brand Juicy Fruit to India. The product is locally designed and is priced, keeping Indian consumers in mind to promote its sales in the local market widely.
In April 2018, Mondelez International announced a new investment in its Global Technical Center in Wroclaw, Poland. Only 1.5 years after the center's opening, the company invested another USD 5 billion, in addition to the initial USD 17 billion investment, to expand the research and development activities beyond chocolate and bakery and serve gum and candy innovation.
Chewing Gum Market is segmented into product type, distribution channel and region.
On the basis of Product Type
· Sugared chewing gums
· Sugar-free chewing gums
On the basis of Distribution Channel
· Supermarkets
· Convenience stores
· Speciality stores
· Online retail
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Chewing Gum Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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