Global Sugar-Free Chewing Gum Market Analysis 2024 – Estimated Market Size And Key Drivers
Posted by Ramakrishna TBRC on February 16th, 2024
The Sugar-Free Chewing Gum Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sugar-Free Chewing Gum Global Market Report 2024, The sugar-free chewing gum market size has grown strongly in recent years. It will grow from .11 billion in 2023 to .04 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to rising diabetes concerns, weight management focus, dental health awareness, changing consumer lifestyles, innovation in flavors and ingredients, regulatory measures on sugar content.
The sugar-free chewing gum market size is expected to see strong growth in the next few years. It will grow to .87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to expansion of diabetic-friendly products, innovations in ingredients and formulations, e-commerce and online retailing, marketing strategies emphasizing oral health, environmental sustainability. Major trends in the forecast period include functional ingredients and health benefits, natural and clean label products, innovative flavors and formats, sustainability and eco-friendly packaging, online retail and direct-to-consumer sales.
The rising diabetic population is expected to propel the growth of the sugar-free chewing gum market going forward. Diabetes is a chronic health condition characterized by high blood glucose levels due to the body's inability to produce or properly use insulin. Sugar-free gums strengthen enamel, reduce tooth sensitivity, and are very much helpful for diabetes patients who have to monitor sugar intake, seek sugar-free options, and are concerned about their oral health. For instance, in 2021, according to the International Diabetes Federation, an international association, diabetes atlas 10th edition report, diabetes affects 537 million individuals worldwide. This figure is expected to reach 643 million by 2030 and 783 million by 2045. Therefore, the rising diabetic population will drive the sugar-free chewing gum market.
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The sugar-free chewing gum market covered in this report is segmented –
1) By Type: Tooth Protection Gum, Quit Smoking Gum, Weight Loss Gum, Other Types
2) By Flavor: Spearmint, Peppermint, Bubble Gum, Other Flavors
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Or Grocery Stores, Online Retail Stores, Other Distribution Channels
Product innovations are a popular trend in the sugar-free chewing gum market. Major companies operating in the sugar-free chewing gum focus on product innovation, including introducing new flavors, longer-lasting functional ingredients, and eco-friendly packaging to reinforce their position in the market. For Instance, in January 2022, Sweet Victory, an Israel-based chewing gum company, launched chewing gum for youngsters manufactured from botanical-infused products because of its well-known metabolic impact. The unique chewy substance starts working in two minutes by blocking sugar receptors on the tongue, and the effect can last up to two hours.
The sugar-free chewing gum market report table of contents includes:
1. Executive Summary
2. Sugar-Free Chewing Gum Market Characteristics
3. Sugar-Free Chewing Gum Market Trends And Strategies
4. Sugar-Free Chewing Gum Market - Macro Economic Scenario
5. Global Sugar-Free Chewing Gum Market Size and Growth
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31. Global Sugar-Free Chewing Gum Market Competitive Benchmarking
32. Global Sugar-Free Chewing Gum Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sugar-Free Chewing Gum Market
34. Sugar-Free Chewing Gum Market Future Outlook and Potential Analysis
35. Appendix
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