Chewing Gum Market Analysis:
- Major Market Drivers: Increasing consumer demand for sugar-free and functional chewing gum is significantly propelling market growth. Additionally, rising health consciousness and the pursuit of oral hygiene benefits are major contributors to this trend.
- Key Market Trends: The integration of innovative flavors and ingredients is a notable trend, attracting a broader consumer base. Moreover, the shift towards biodegradable and eco-friendly packaging is gaining momentum in the market.
- Geographical Trends: North America is dominating the market due to a high consumption rate and a strong preference for premium and sugar-free gum varieties. This, in turn, is expanding the chewing gum market size. The presence of key industry players and robust distribution networks further solidify its leading position.
- Competitive Landscape: Some of the key market players include Mondelez, Perfetti, Wrigley, Lotte, Cloetta, Hershey, etc. These companies are continuously investing in product innovation, marketing strategies, and expanding their global footprint to maintain their market share.
- Challenges and Opportunities: A major challenge is the growing concern over the environmental impact of non-biodegradable gum. However, this opens opportunities for companies to innovate with sustainable products and capitalize on the eco-conscious consumer segment.
Chewing Gum Market Trends:
Rapid product innovation
Innovation, production, and packaging are the primary drivers of growth in the chewing gum industry. Customer health knowledge and consciousness, as well as changing consumer eating habits and tastes, are driving forces behind innovation. Manufacturers have expanded their product range by incorporating beneficial additives, organic herbal fillings, and unusual tastes into product compositions to meet the needs of their customers. Innovative packaging strategies, such as eye-catching wrappers, family-sized packs, resealable packaging, and advertising, can assist boost product sales and improve awareness, thereby expanding the chewing gum market share.Increasing popularity of chewing gums for curing health conditions
The growing adoption of chewing gums for treating medical conditions is expected to drive the market. Organizations are always discovering new applications for which effective chewing gum can be manufactured. These manufacturers of functional chewing gum have attempted to address key issues such as mental health and stress reduction. For example, in June 2020, Rainbow, a French cannabis company, got EUR 1 million from private investors to support the development of stress-relieving products. The company introduced the wellness brand Kaya. It develops chewing gums using cannabidiol as a component to help individuals manage stress on a daily basis. This, in turn, is creating a positive chewing gum market outlook.Growth of e-commerce platforms
The rise of e-commerce platforms is bolstering the market by offering consumers a quick and accessible way to buy their favorite gum products. This element has broadened the market's reach beyond geographical limits, allowing people all over the world to easily access and purchase chewing gum. Online platforms offer thorough product information, user reviews, and recommendations, thereby improving consumer decision-making. Furthermore, e-commerce enables the introduction of new and novel gum variations to a larger audience, resulting in higher testing and uptake. According to the chewing gum market report, the options to compare prices, enjoy discounts, and receive doorstep delivery has made e-commerce a tempting outlet.Chewing Gum Market Segmentation:
This report provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. The report has categorized the market based on sugar type, product type, and distribution channel.Breakup by Sugar Type:
- Sugar Free Chewing Gums
- Sugared Chewing Gums
Sugar free chewing gums dominate the market
The report has provided a detailed breakup and analysis of the market based on the sugar type. This includes sugar free chewing gums and sugared chewing gums. According to the report, sugar free chewing gums represented the largest segment.The sugar-free chewing gum segment is expected to hold the largest share of the global chewing gum demand during the forecast period. Sugar-free gum products are popular as health-conscious consumers look for healthier substitutes for sugary foods. Chewing gums that provide the same enjoyable chewing sensation without the extra sugars are appealing to individuals who are watching their sugar intake and dental health. Furthermore, the rising prevalence of diabetes and obesity has increased the demand for sugar-free chewing gum as a guilt-free treat.
Manufacturers have responded by including a variety of flavors and functional substances in their sugar-free gum products to appeal to a wide range of tastes and preferences. As this trend continues, sugar-free chewing gums will continue to be one of the major chewing gum market drivers. This segment expansion is also due to the growing awareness of the negative effects of excessive sugar consumption.
Breakup by Product Type:
- Pellet
- Stick/Tab
- Centre-filled
- Cut and Wrap
- Ball
- Others
Pellet holds the largest share in the market
A detailed breakup and analysis of the market based on the product type have also been provided in the report. This includes pellet, stick/tab, centre-filled, cut and wrap, ball, and others. According to the report, pellet accounted for the largest market share.Pellet is dominating the market and contributing to the chewing gum market growth. Pellet-style chewing gums provide a distinct and convenient consuming experience, making them increasingly popular with consumers. These compact and portable gum shapes are popular for rapid refreshment, making them ideal for on-the-go lifestyles and hectic schedules. With rising demand for simple and pleasant snacking options, the pellet category of chewing gum products is likely to drive market expansion. Its portability, variety, and sensory engagement make it well suited to meeting modern consumer wants and tastes. This, in turn, is offering chewing gum market business opportunities.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Pharmacies
- Convenience Stores
- Departmental Stores
- Online
- Others
Convenience stores hold the maximum share in the market
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes supermarkets and hypermarkets, pharmacies, convenience stores, departmental stores, online, and others. According to the report, convenience stores accounted for the largest market share.Convenience stores play an important role in making gum more available to consumers, particularly those who want to buy it quickly and on the go. Gum is strategically placed near checkout counters and high-traffic locations in convenience stores to induce impulse buying and increase sales. Their extended hours of operation and widespread availability make them an ideal destination for individuals seeking prompt gratification. Furthermore, the diversified demography that frequents convenience stores guarantees that gum products reach a broad variety of consumers, including students and professionals. This, in turn, is creating an optimistic chewing gum industry overview.
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
North America leads the market, accounting for the largest chewing gum market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. According to the report, North America represents the largest regional market for chewing gum.In North America, the demand for chewing gums is associated with increasing awareness about the health benefits of chewing gum consumption. This heightened awareness significantly contributes to the chewing gum market revenue in the region. Since increasing awareness of the health benefits associated with chewing gum consumption significantly contributes to the chewing gum market revenue in North America, the demand for both chewing and bubble gums has been rising substantially.
As a result, manufacturers are employing innovative flavors, attractive packaging, and effective marketing strategies to engage consumers and foster brand loyalty. Additionally, the widespread availability of a diverse range of gum products, facilitated by the extensive presence of supermarkets, convenience stores, and online retail platforms, further enhances product sales across the region, thereby maintaining its dominance as the largest regional market.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:- Mondelez
- Perfetti
- Wrigley
- Lotte
- Cloetta
- Hershey
Chewing Gum Market News:
- October 2, 2023: Mondelēz International announced that it has completed the sale of its developed-market gum business in the United States, Canada, and Europe, to Perfetti Van Melle Group, a leading global gum and confectionery maker.
- October 2, 2023: C+F Confectionery and Foods S.A. and Perfetti Van Melle Group B.V. announced that Perfetti Van Melle has closed the acquisition of Mondelēz International’s gum business in the United States, Canada, and Europe. The acquisition expands Perfetti Van Melle’s portfolio, which includes iconic global brands such as Mentos, Chupa Chups, and Airheads.
Key Questions Answered in This Report
1. What was the size of the global chewing gum market in 2023?2. What is the expected growth rate of the global chewing gum market during 2024-2032?
3. What are the key factors driving the global chewing gum market?
4. What has been the impact of COVID-19 on the global chewing gum market?
5. What is the breakup of the global chewing gum market based on the sugar type?
6. What is the breakup of the global chewing gum market based on the product type?
7. What is the breakup of the global chewing gum market based on the distribution channel?
8. What are the key regions in the global chewing gum market?
9. Who are the key players/companies in the global chewing gum market?
Table of Contents
Companies Mentioned
- Mondelez
- Perfetti
- Wrigley
- Lotte
- Cloetta
- Hershey
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | September 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 27.8 Billion |
Forecasted Market Value ( USD | $ 37.6 Billion |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Global |
No. of Companies Mentioned | 6 |