Global Gum Confectionery Market Outlook, 2026

The report titled 'Global Gum Confectionery Market Outlook, 2026' identifies and discusses recent developments in gum confectioneries across the globe. This report not only serves with the facts, figures, and forecasts but also has a detailed study about the Covid effect on the industry. The market has been in growth at a steady pace on account of the high demand from middle-class consumers. The market is divided into different segments based on sales channel: Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, E-commerce & others, and by region & country.

A gum confectionery can be termed as a soft, cohesive substance that releases flavor when chewed. It is not meant to be swallowed. It consists of sweetener, softener, colors, flavoring agents, and sometimes a hard polyol coating. Historically, the global market for gum confectionery recorded a slow-paced growth at a rate of 2.66%. The rising questions about the negative effects of the ingredients in the gum have been restricting the optimum growth of the market. However, chewing gum is seen as a recreational edible item, which is masticated out of instinctual desire. Thus, by the end of the forecasted period, the global gum confectionery market is likely to be crossing a value of USD 25 Billion.

As people are becoming more health-conscious, they seek benefits from the gum too. To capture this segment, the manufacturers market their product focusing its aid in keeping the teeth clean and killing mouth odor instantly. As many governments are trying to restrict the use of tobacco, the adoption of nicotine gums is increasing. Nicotine gums are designed especially for people, who want to quit smoking, as it reduces the cravings, frustration, restlessness, and anxiety caused during the quitting process. This segment was once a niche but has gained much popularity through aggressive promotions by marketers and recommendations by health consultants.

In terms of sales channel, the gum confectionery market is led by the convenience store segment, followed by the supermarket & hypermarket segment, which together accounted for a share of more than 70% in the year 2020. The innovations in the flavors, ingredients, packing, etc. are likely to attract more customers in the coming period. With the increasing health awareness, the consumers are moving away from the high sugar content, and this has forced the leading market players to come up with sugar-free alternatives.

The demand for gum confectioneries is high in the Asia Pacific region, given the huge population. In the year 2020, the region accounted for more than 36% of the global market share. The rise in disposable income in the region coupled with the high population in the region is the major driver in the gum confectionery market. The consumption of chewing gums diminishes the strong after flavors of Asian cuisines. In the regions of Europe & North America, sugar-free and herbal flavors are the most popular trends. Through the forecasted period, the Middle East & Africa region is expected to be growing with the highest CAGR of 5.27%.

Companies Mentioned:

Grupo Arcor, Mars Wrigley Confectionery, div. of Mars Inc., Perfetti Van Melle, Meiji Co. Ltd., LOTTE CONFECTIONERY CO., LTD., Mondelez International

CONSIDERED IN THE REPORT

• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

ASPECTS COVERED IN THE REPORT

• Global Market Size By Value for the time period (2015-2026F)
• Regional Market Size By Value for the time period (2015-2026F)
• Country Wise Market Size By Value for the time period (2015-2026F)
• Market Share by Sales Channel
• Market Share by Region
• Market Share by Country
• Market Share by Company

This report would help you answer the following questions:

1. What is the market size and forecast of the Global Gum Confectionery Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Gum Confectionery Market during the forecast period?
3. Which region outstands in the Global Gum Confectionery Market?
4. Which are the segments to invest in over the forecast period in the Global Gum Confectionery Market?
5. What is the competitive strategic window for opportunities in the Global Gum Confectionery Market?
6. What are the technology trends and regulatory frameworks in the Global Gum Confectionery Market?
7. What are the major companies in the Global Gum Confectionery Market?


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