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The Gum Base market is a segment of the Snacks and Confectionery industry that focuses on the production of gum base, a key ingredient in the manufacture of chewing gum. Gum base is a combination of natural and synthetic ingredients that provide the texture, flavor, and chewability of chewing gum. It is typically composed of elastomers, resins, waxes, emulsifiers, and other ingredients. The gum base market is driven by the increasing demand for chewing gum, which is driven by the growing popularity of flavored and sugar-free chewing gum.
The gum base market is highly competitive, with a number of large and small players operating in the space. Some of the major companies in the market include Wrigley, Mondelez International, Perfetti Van Melle, Hershey, and Cadbury. Show Less Read more