Global Gum Market Growth 2023-2029

Global Gum Market Growth 2023-2029

Gum is a confectionery product designed to freshen breath. This confectionery product contains a gum base, sweeteners, flavors, colors, and others. Gums are typically classified as chewing gums and bubble gums, and sugared gums and sugar-free gums. Gums are generally breath-freshening items available in varied sizes like pellets, lozenges, and strips in tasty flavors to attract all consumer groups: Children, teenagers, and adults.

LPI (LP Information)' newest research report, the “Gum Industry Forecast” looks at past sales and reviews total world Gum sales in 2022, providing a comprehensive analysis by region and market sector of projected Gum sales for 2023 through 2029. With Gum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gum industry.

This Insight Report provides a comprehensive analysis of the global Gum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gum market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gum.

The global Gum market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The growing demand for nicotine gum is one of the important trends driving the growth of the global gum market over the predicted period. Nicotine gum is a type of chewing gum that delivers nicotine to the body and helps in coping with the withdrawal symptoms of smoking. According to the US FDA, tobacco products are responsible for an average of 440,000 deaths in the US every year. Therefore, to combat this health hazard, the FDA approves safe and effective therapies that consumers can use to stop smoking, including nicotine gums, lozenges, and patches. Moreover, several governments and organizations have extended support to people who want to quit smoking by providing NRT (nicotine replacement therapy). The desire to quit smoking tobacco and the increasing awareness regarding its harmful effects will contribute to the growth of this market over the next four years.

This report presents a comprehensive overview, market shares, and growth opportunities of Gum market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Chewing Gum
Bubble Gum

Segmentation by application
Hypermarkets
Supermarkets
Convenience Stores
Departmental Stores
Specialty Stores
Online Purchases

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lotte
Meiji Holdings
Mondelez International
Perfetti Van Melle
Wrigley

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gum market?

What factors are driving Gum market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gum market opportunities vary by end market size?

How does Gum break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.