The chewing gum market was valued at USD 38.62 billion in 2021 and is expected to reach the value of USD 50.75 billion by 2029, at a CAGR of 5.30% during the forecast period.
Chewing Gum Market Analysis and Size
Chewing gum is a recreational food that is chewed solely for the desire to masticate. Consumers are looking for functional benefits from gum as they become more health-conscious. Some chewing gums on the market promote the product's functional benefits of keeping teeth clean. There are also nicotine gum chewing gums that are used by consumers who want to quit smoking. Teeth whitening chewing gum is the most popular functional gum, accounting for more than half of all sales, followed by nicotine gum.
Data Bridge Market Research analyses that the chewing gum market was valued at USD 38.62 billion in 2021 and is expected to reach the value of USD 50.75 billion by 2029, at a CAGR of 5.30% during the forecast period. With the passage of time, there has been a significant shift from simple product groups to sugar-free products, allowing manufacturers to meet the changing needs of consumers and creating a plethora of opportunities in the market.
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Market Definition
Chewing gum is made up of gum base, sweeteners, conditioners, flavours, and colours, as well as gum fixings. It is made up of three primary components: gum, wax, and elastomer. It comes in a variety of flavours and can be natural or synthetic. The most well-known chewing gum flavours are peppermint and spearmint. Chewing gum is good for cavity exercise. It is also used as a mouth refreshment agent.
Global Chewing Gum Market Scope
The chewing gum market is segmented on the basis of product type, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Pallet type
- Stick/tab type
- Centre-filled type
- Cut and wrap type
- Ball type
- Others
Distribution channel
- Supermarket
- Hypermarket
- Convenience stores
- Pharmaceuticals
- Departmental stores
- Online
Chewing Gum Market Regional Analysis/Insights
The chewing gum market is analysed and market size insights and trends are provided by country, product type, distribution channel as referenced above.
The countries covered in the chewing gum market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Chewing Gum Market Share Analysis
The chewing gum market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chewing gum market.
Some of the major players operating in the chewing gum market are:
- Cemoi Chocolatier (France)
- Republica del Cacao (Ecuador)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- Fuji Oil Holdings Inc. (Japan)
- Guittard Chocolate Co. (U.S.)
- Ghirardelli Chocolate Co. (U.S.)
- Varihona Inc. (France)
- Barry Callebaut AG (Switzerland)
- Alpezzi Chocolate SA De CV (Mexico)
- Kerry Group Plc (Ireland)
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Chewing Gum Market
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