Gum Market by Product, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43894
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The gum market has the potential to grow by USD 5.68 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.42%.

This gum market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by Product (chewing gums and bubble gums), type (sugared gums and sugar-free gums), and geography (APAC, Europe, North America, MEA, and South America). The gum market report also offers information on several market vendors, including FITGUM, Functional Gums Srl, Hager and Werken GmbH and Co. KG, Lotte Confectionery Co. Ltd., Mars Inc., Med CBDX, Mondelez International Inc., Simply Gum Inc., and The Hershey Co. among others.

What will the Gum Market Size be in 2021?

Gum-Market-Market-Size-2020-2025

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Gum Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The new product launches is notably driving the gum market growth, although factors such as lack of efficient chewing gum disposable techniques may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gum market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This gum market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Gum Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • FITGUM
  • Functional Gums Srl
  • Hager and Werken GmbH and Co. KG
  • Lotte Confectionery Co. Ltd.
  • Mars Inc.
  • Med CBDX
  • Mondelez International Inc.
  • Simply Gum Inc.
  • The Hershey Co.

 

The vendor landscape of the gum market entails successful business strategies deployed by the vendors. The gum market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the gum market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Gum Market?

Gum-Market-Market-Share-by-Region-2020-2025

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28% of the market’s growth will originate from Europe during the forecast period. France and the UK are the key markets for gum market in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. A strong distribution network between manufacturers and retailers will facilitate the gum market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Gum Market?

Gum-Market-Market-Share-by-Product-2020-2025

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The gum market share growth by the chewing gums segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the gum market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

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What are the Key Factors Covered in this Gum Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive gum market growth during the next five years
  • Precise estimation of the gum market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the gum market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of gum market vendors

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Gum Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.42%

Market growth 2021-2025

$ 5.68 billion

Market structure

Fragmented

YoY growth (%)

2.80

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

Europe at 28%

Key consumer countries

US, China, France, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

FITGUM, Functional Gums Srl, Hager and Werken GmbH and Co. KG, Lotte Confectionery Co. Ltd., Mars Inc., Med CBDX, Mondelez International Inc., Simply Gum Inc., and The Hershey Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The gum market growth will increase by $1.15 billion during 2019-2024.
The gum market is expected to grow at a CAGR of 0.74% during 2019-2024.
Technavio has segmented the gum market by product (Chewing gums and Bubble gums) ,type (Sugared gums and Sugar-free gums) , and geographic (APAC, Europe, North America, MEA, and South America).
FITGUM, Functional gums Srl, Lotte Confectionery Co. Ltd., Mars Inc., Med CBDX, Miradent, Mondelez International Inc., Perfetti Van Melle Spa, Simply Gum Inc., The Hershey Co. are a few of the key vendors in the gum market.
Europe will register the highest growth rate of 29.57% among the other regions. Therefore, the gum market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • France
  • Japan
  • UK
The key factors driving the gum market growth are:
  • New product launches
  • Growing demand for functional chewing gums
The gum market vendors should focus on grabbing business opportunities from the chewing gums segment as it accounted for the largest market share in the base year.
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