Sugar-Free Chewing Gum Market Overview with Regional Growth, Price, and Forecast 2027
Sugar-Free Chewing Gum Market-Overview
The increasing trend of eating gum has been driven by an
understanding of its benefits from dental health and facial contouring to an
extent. Reports created by MRFR detail the developments in the industry that
can be expected in the market through the forecast period. The market stands to
gain an income of USD 13,548.3 Million with the support of a 5.2% CAGR by 2027.
The preference for sweet food items has always been high but
with the availability of sugar-free options, the demand is estimated to raise
the growth of the sugar-free chewing gum market. The improvement in
distribution capabilities in the retail sector is likely to enhance the
sugar-free chewing gum market share in the future.
Competitive Analysis
The tendency to invest and expand capacities is estimated to
create a promising scope for the market in the impending years. The change in
several regulations that are running the development of the market is estimated
to impact the innovations that can be seen in the global market. The market is
appraised to be stimulated by an increased development upsurge that is bracing
the contenders who are active in the market. The competition in the market is
estimated to flare-up following the disruption created by the COVID-19
pandemic. The government intervention in the creation of opportunities that can
incentivize the development of key regions in the market is predicted to
further add an optimistic touch to the proceedings in the market. The emphasis
on ensuring sustainability in long-term operations is estimated to be a key
cause for development in the upcoming period. The trends in the market are
estimated to bolster the progress in the worldwide market. The increased
contribution of online channels towards the swell in transactions is predicted
to further encourage the advancement of the market in the future.
The imperative companies in the sugar-free chewing gum
market are The PUR Company Inc. (Canada), Perfetti Van Melle Group B.V.
(Italy), Mondelēz International, Inc (US), Mars Incorporated (US), Ferrero SpA
(Italy), The Hershey Company (US), Verve, Inc. (US), Lotte Corporation (Japan),
Kraft Foods Inc (US), Health Made Easy Group (UK), Haribo GmbH & Co. Kg
(Germany), Ferndale Confectionery Pty Ltd (Australia), The Wm. Wrigley Jr.
Company (US), Topps Company Inc. (US) and Simply Gum Inc. (US)
Segmental Analysis
The segmental investigation of the sugar-free
chewing gum market overview is carried out on the basis of flavour
distribution channel and region. The region segment of the sugar-free chewing
gum market comprises Europe, Asia Pacific, North America, and the rest of the
regions. The distribution channel segment of the sugar-free chewing gum market
consists of store-based channels and non-store-based channels. The flavour
segment of the sugar-free chewing gum market consists of bubble gum, mint,
fruit, cinnamon, and others.
Detailed Regional Analysis
The regional appraisal of the sugar-free chewing gum market consists
of Europe, Asia Pacific, North America, and the rest of the regions.
The North American sugar-free
chewing gum market size accounted for the largest portion of the global
market in 2019 due to an elevated occurrence of obesity in the region, which
has created the need for increased consumption of sugar-free products. The US
national market is the major market in North America due to the elevated
product awareness, presence of important players, and novelty of flavours that
are driving the sugar-free chewing gum market in the US national market.
The Asia-Pacific sugar-free chewing gum market is the most
profitable market for manufacturers because of the rising awareness of benefits
related to sugar-free chewing gum and increasing investments by the producers
in the emerging countries advancing the progress of the sugar-free chewing gum
market in the region of Asia Pacific. The evolution of the organised retail
sector is additionally furthering market growth with straightforward product
availability to consumers.
Industry Updates:
Jan 2021 Mars has emphasized that the chewing gum
product segment is an area that will be focused on for expansion in 2021 as it
is very relevant to the healthier eating theme seen globally. With many
consumers preferring to chew gum that doesn’t have sugar because it's bad for
dental health, is inducing the company into making plans to enter this space more
aggressively as they have their sugar-free Orbit gum that already fits this
trend.
Sep 2020 Razer is now undertaking a new territory
with chewing gum for gamers. The Singaporean business lately joined with 5 Gum
to make “Respawn by 5 Gum”, a gamer-centric sugar-free gum that can “uphold
mental concentration and reaction time.” Razer has developed the gum with a
huge amount of R&D, concentrating on the everyday regimens of pro and
casual gamers. While the present solution for gamers to endure long-lasting
hours of gameplay is mixed-formula drinks similar to GFuel and Razer’s very own
Respawn, Respawn by 5 Gum presents a quick fix that doesn’t give you a
momentous surge of caffeine for the remainder of the day.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
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Market Research Future (part of Wantstats Research and
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