Chewing Gum Market 2023-2028: Industry Size, Share, Growth Demand and Forecast

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Chewing gum is a soft and non-edible substance produced only for the purpose of chewing.

A new research report by IMARC Group, titled Chewing Gum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, offers a comprehensive analysis of the industry, which comprises insights onchewing gum marketanalysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global chewing gum market size reached US$ 26.8 Billion in 2022. Looking forward, IMARC Group expects themarket to reach US$ 31.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

What is Chewing Gum?

Chewing gum is a popular confectionery product that is a type of soft, rubbery substance designed to be chewed but not swallowed. It typically consists of a gum base, sweeteners, flavorings, and various additives that contribute to its texture and longevity. The gum base, often manufactured from natural or synthetic materials, provides the elastic and chewy properties of the gum. Sweeteners such as sugar or artificial substitutes such as sorbitol or aspartame are added to enhance the taste and provide a pleasant sweetness. Flavorings, ranging from fruity and minty to more exotic varieties, are incorporated to give chewing gum its distinct flavors. Additionally, additives, including softeners, preservatives, and coloring agents, may be included in the formulation to improve the overall quality and appearance of the gum. It is packaged in small, individual pieces, wrapped in a protective coating to maintain its freshness and prevent sticking.

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What are the growth prospects and trends in the chewing gum industry?

Significant growth in the confectionery industry majorly drives the global market. This can be supported by the increasing demand for chewing gum and continuous innovation and improved production of confectionery products. Along with this, the growing preference for attractive packaging options, such as eye-catching wrappers, larger packs for families, and resealable packaging, is significantly supporting the market. In addition, the rising awareness among individuals regarding the numerous benefits associated with chewing gum, such as weight loss, stress relief, anxiety alleviation, and improved concentration, is positively influencing the market. Apart from this, the increasing consumption of nicotine gums to alleviate nervousness, irritability, headaches, weight gain, and difficulty concentrating is also contributing to the market. Furthermore, key manufacturers are developing functional gums infused with botanical ingredients tailored for different age groups, along with introducing sugar-free chewing gum products to combat tooth decay, creating a positive market outlook.

View Full Report with TOC List of Figure:https://www.imarcgroup.com/chewing-gum-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Mondelez
  • Perfetti
  • Wrigley
  • Lotte
  • Cloetta
  • Hershey

Chewing Gum Market Segmentation:

Our report has categorized the market based on region, sugar type, product type and distribution channel.

Breakup by Sugar Type:

  • Sugar Free Chewing Gums
  • Sugared Chewing Gums

Breakup by Product Type:

  • Pellet
  • Stick/Tab
  • Centre-filled
  • Cut and Wrap
  • Ball
  • Others

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Pharmacies
  • Convenience Stores
  • Departmental Stores
  • Online
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porters Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

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