Chewing Gum Market Growth, Strategic Analysis, Future Scenarios of Forecast

Chewing Gum Market Growth, Strategic Analysis, Future Scenarios of Forecast – 2029

September 26, 2023

The global Chewing Gum Market is experiencing growth, driven by various factors and opportunities. Here's a summary of the key points from the provided information:

Market Overview:

· Chewing gum is a recreational food that consumers chew for the desire to masticate.

· There is a growing demand for functional benefits from chewing gum, with some products promoting dental health and others for nicotine addiction and teeth whitening.

· The market was valued at USD 38.62 billion in 2021 and is expected to reach USD 50.75 billion by 2029, with a CAGR of 5.30% during the forecast period.

· The shift from sugared to sugar-free products is creating opportunities in the market.

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Market Definition:

· Chewing gum is composed of gum base, sweeteners, conditioners, flavors, and colors.

· It is available in various flavors and can be natural or synthetic.

· Chewing gum is known for promoting cavity exercise and serving as a mouth refreshment agent.

Market Dynamics:

· Drivers include rising purchasing power and consumer preference for products with dental benefits.

· Manufacturers are using improved marketing strategies to attract the youth and introduce new flavors and packaging.

· Opportunities include the consumption of chewing gum among young people in developing countries and the addition of health aids and ingredients to functional gum.

· Challenges include pricing fluctuations, lack of regulation, and potential negative side effects of excessive gum chewing.

Post COVID-19 Impact:

· During the pandemic, demand for nicotine gum increased as consumers sought to quit smoking due to the health risks associated with COVID-19.

· Manufacturers responded by launching products aimed at helping consumers quit smoking.

Recent Development:

· Mars Incorporated introduced its popular gum brand Juicy Fruit in India, catering to the Indian market's preferences.

Global Chewing Gum Market Scope:

· Market segments include product types (pallet type, stick/tab type, center-filled type, cut and wrap type, ball type) and distribution channels (supermarkets, hypermarkets, convenience stores, pharmacies, departmental stores, online).

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TABLE OF CONTENTS:

· Part 01: Executive Summary

· Part 02: Scope of the Report

· Part 03: Research Methodology

· Part 04: Market Landscape

· Part 05: Pipeline Analysis

· Part 06: Market Sizing

· Part 07: Five Forces Analysis

· Part 08: Market Segmentation

· Part 09: Customer Landscape

· Part 10: Regional Landscape