Chewing Gum Market: Industry Analysis and Forecast 2019-2027

Posted by chetana on September 25th, 2021

Maximize Market Research\'s latest report, \" Global Chewing Gum Market Global Demand Analysis and Opportunity Outlook 2027\", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

Global Chewing Gum Market was valued at US$ 16.75 Bn in 2019 and is expected to reach US$ 19.642 Bn by 2027 at a CAGR of 2.01% during the forecast period.


Global Chewing Gum Market Overview

Innovation in products with sugar-free variants and growing consumer concern for oral health drives the chewing gum market. While consumers shifting to mints, due to health concerns and a government campaign against chewing gum restrain the market growth. Consumer awareness through packaging that demonstrates product information is the future opportunity of the chewing gum market. Chewing gums exhibit various stress-relieving properties. Moreover, impulse purchasing and the inclination of consumers towards products that offer dental benefits are also contributing to an augmented demand for chewing gums.

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Global Chewing Gum Market Major Market Players

• Hershey Company
• Mars Incorporated
• Ferrero International SA
• Perfetti Van Melle
• Mondelz International, Inc.
• Lotte Group
• Tootsie Roll Industries
• Wm. Wrigley Jr.Company
• Ferndale Confectionery Pty Ltd
• Kraft FoodsInc.
• Arcor Group
• Cloetta AB
• Ferndale Confectionery Pty Ltd.
• Haribo GmbH & Co. Kg
• Lotte Confectionery

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world\'s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Global Chewing Gum Market by Types and Applications:

Global Chewing Gum Market, by Product:

• Sugar-free Gum
• Sugared Gum
Global Chewing Gum Market, by Distribution Channel:

• Convenience Stores
• Specialist Retailers
• Supermarkets and Hypermarkets
• Variety Stores
• Online Retail
• Department Stores
• Others
Global Chewing Gum Market, by Region:

• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
The report has covered the market size by country (regions) for the global Chewing Gum market. Segment by Application. The Chewing Gum Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.

Analysis of the Chewing Gum Market Share and Competitive Landscape:

This report provides a detailed analysis of the Global Chewing Gum Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

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