Quick Summary:
In the ever-evolving sphere of the confectionery industry, the global Gums (Chewing Gum and Bubble Gum) Market is projected to provide robust opportunities, with an estimated growth rate to reach an impressive US$48.4 Billion by 2030. Your need to stay ahead in the competitive landscape necessitates the acquisition of substantial, detailed, and accurate market intelligence, and what better tool to have at your disposal than our comprehensive market research report.
Our report offers exclusive insights into the scope of growth in the key markets of the U.S and China, forecasted to reach market sizes of US$9 Billion and US$10.1 Billion respectively. Additionally, our detailed competitor analysis lets you navigate through the strategies and presence of prominent players. Leverage this market intelligence to strategic advantage in understanding market dynamics, trends, and to gear your business with an informed approach to growth opportunities. Harness the power of informed decision-making for your firm's success in the Gums Market.
Global Gums (Chewing Gum and Bubble Gum) Market to Reach $48.4 Billion by 2030
The global market for Gums (Chewing Gum and Bubble Gum) estimated at US$33.1 Billion in the year 2022, is projected to reach a revised size of US$48.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Chewing Gum, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$26.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bubble Gum segment is readjusted to a revised 5.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9 Billion, While China is Forecast to Grow at 7.8% CAGR
The Gums (Chewing Gum and Bubble Gum) market in the U.S. is estimated at US$9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.Select Competitors (Total 72 Featured) -
- Arcor Group
- Cloetta AB
- Ferndale Confectionery Pty Ltd.
- Haribo GmbH & Co. Kg
- Lotte Confectionery
- Mars, Inc.
- Meiji Holdings Company, Ltd.
- Mondelez International
- Peppersmith
- Perfetti Van Melle
- The Hershey Company
- The Wm. Wrigley Jr. Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Gums (Chewing Gum and Bubble Gum)?
What is the growth rate of the Global Market for Gums (Chewing Gum and Bubble Gum)?
What is the forecasted size of the Global Market for Gums (Chewing Gum and Bubble Gum)?
Who are the key companies in the Global Market for Gums (Chewing Gum and Bubble Gum)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 288 |
| Published | December 2023 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 31.9 Billion |
| Forecasted Market Value ( USD | $ 42 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Arcor Group
- Cloetta AB
- Ferndale Confectionery Pty Ltd.
- Haribo GmbH & Co. Kg
- Lotte Confectionery
- Mars, Inc.
- Meiji Holdings Company, Ltd.
- Mondelez International
- Peppersmith
- Perfetti Van Melle
- The Hershey Company
- The Wm. Wrigley Jr. Company
