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A08801 | Pages: 360 | Charts: 73 | Tables: 222 |
The global chewing gum market size was valued at $16.1 billion in 2021, and is projected to reach $26.8 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
Chewing gum is a soft, cohesive substance designed to be chewed without being swallowed. Chewing gum is composed of gum base, softeners/plasticizers, flavors, colors, and, typically, a hard or powdered polyol coating. Chewing gum is available in both sugared and sugar-free variants. The sweetener used in sugared chewing is natural cane sugar or fruit-based pulp which contains natural fruit sugar. Sugared chewing gum is high in calories and poses a threat of forming tooth decay. On the other hand, sugar-free chewing gum contains high-intensity sweeteners, sugar alcohols, and alternative sweeteners.
The growth of the chewing gum and confectionery sector is primarily driven by innovation, production, and packaging. Factors such as customer health awareness & consciousness, shifting consumer eating habits and tastes, drive innovation. Manufacturers have been expanding their product line by integrating useful additives, organic herbal fillings, and exotic tastes in product compositions to cater to the requirements of the customers. Innovative packaging tactics, such as attractive wrappers, family-sized packs, resealable packaging, and advertising, help increase product sales and raise awareness. In 2021, for instance, Distinct Confectionery UK allowed clients to customize their pack chewing according to their tastes. The company went on to say that customers may offer photos and quotations that would be altered and customized based on their design. The introduction of various forms of packaging and promotion efforts in chewing gum products promotes the global chewing gum market growth.
Customers profit from chewing gum in various ways, including attracting their interest and improving product sales. Chewing gum assists with acid reflux, weight loss, stress and anxiety relief, increased concentration, and memory improvement. Acid reflux is one of the most common issues that individuals nowadays face as a result of poor eating habits and metabolism. In most cases, acid reflux is caused by a rise in stomach acids in the lack of appropriate food in the stomach. Chewing gum promotes saliva production in the oral cavity, which assists to drain the spike of stomach acids, reducing the burning sensation. Chewing gum's appeal and advantages among customers are fueling the product's increased demand. Chewing gum's popularity and attractiveness were formerly limited to youngsters, but there has been an increase in the sales of the product owing to the rise in awareness.
Innovation, processing, and packaging are the main factors for the growth of the chewing gum market size. Factors, such as health awareness & consciousness among customers and varying consumer eating habits & tastes drive innovation. Manufacturers increase their product range by including functional ingredients, organic herbal fillings, and exotic flavors in product formulations to meet changing consumer demands. Innovative packaging strategies such as attractive wrappers, family-sized packs, resealable packaging, and advertisement contribute to higher sales of products and generate awareness. For instance, in 2021, Distinct Confectionery UK offered its customers to design their pack chewing based on their preferences. The company further stated, the consumers may provide images and quotes that will be customized and personalized according to the customer's design. The introduction of different types of packaging and promotion activities in chewing gum products offers the chewing gum market opportunity for the growth and development of globally.
Further, rise in initiatives by manufacturers to invest in sustainable development are expected to boost the sales of confectionery products at premium prices. The majority of eco-conscious consumers associate their physical well-being with environmental issues that significantly influences their purchases. The eco-conscious consumers tend to spend more and buy confectioneries at premium prices for sustainably produced products. In 2020, Mars, a confectionery giant, announced it to invest $1 billion to help cut the emission of greenhouse gases from its value chain by 67% by 2050. This type of sustainability-oriented investment by the confectionery manufacturers is expected to attract eco-conscious consumers, especially in developed regions such as North America and Europe. However, fluctuations in the prices of raw materials and the rise in the prevalence of type 1 diabetes among children are the major factors projected to hamper the chewing gum market demand during the forecast period.
Gum chewing has several advantages for consumers, which grabs their attention and boosts product sales. Gum chewing can alleviate acid reflux, help people lose weight, lessen stress and anxiety, focus more, and have better memories. As a result of bad eating habits and digestion, one of the most common issues that individuals nowadays face is acid reflux. In the lack of enough food in the stomach, acid reflux is often brought on by elevated levels of stomach acids. Chewing gum boosts saliva production in the mouth, which allows the stomach's rush of acids to drain down and lessens the burning sensation, according to research published by ncbi.nlm.nih.gov. Children used to be the only demographic for whom chewing gum was popular and in demand, but owing to increased awareness, sales of the product are on the rise.
Sugar price fluctuations are caused by a variety of variables such as poor yields, political turmoil, climate change, and severe droughts. Global sugar prices soared from roughly $12.0 per pound in January 2019 to $18.9 per pound in January 2022. Sugar prices rose as a result of lower output and more demand, potentially reducing producers' profits significantly. Furthermore, the IDF estimates that nearly 1.2 million children and adolescents (0 to 19 years of age) will have type 1 diabetes by 2021. The rise in prevalence of diabetes among the younger generation may have a detrimental influence on the chewing gum business in the future.
The chewing gum market is segmented into type, form, distribution channel, and region. By type, the market is classified into sugared chewing gum and sugar-free chewing gum. By form, the market is categorized into sticks/tabs, pellets/pillows, liquid filled gum, and others. By distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, e-commerce, and others. Region-wise, the chewing gum market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Turkey, and rest of LAMEA).
According to type, the sugar-free chewing gum segment gained a major share of the global market in 2021 and is expected to sustain its chewing gum market share during the forecast period. Sugar-free chewing gum has several benefits that attract the consumer's attention. Sugar-free chewing gum helps prevent tooth decay by increasing saliva production, which helps to wash away small food debris left behind after eating. Furthermore, sugar-free chewing gum minimizes plaque production, which aids in the protection of tooth enamel from degradation. The lack of sugar in the product attracts the customers. The absence of sugar in the product makes it a preferable product among consumers. To deliver a unique experience to Gen Z, gum makers are working on improving the product and introducing new tastes to the chewing gum market.
[TYPEGRAPH]
According to the chewing gum market, on the basis of form, the pellets/pillows segment gained a major share of the global market in 2021 and is expected to sustain its market share during the forecast period. Pellets chewing gum, also referred to as dragée gum, has the highest market availability and sales among consumers, particularly among Gen Z. Pellets chewing gum has high elasticity and less chewiness, which is an ideal mix for users who want to chew gum for an extended amount of time without straining their jaws. The pellets of chewing gum come in different flavors where spearmint flavor is the most popular flavor in North American & European countries, and fruity flavors are more common in the Asia-Pacific and Middle Eastern countries.
[FORMGRAPH]
According to the chewing gum market, on the basis of distribution channel, the supermarkets/hypermarkets segment has gained a major share of the global market in 2021 and is expected to sustain its market share during the chewing gum market forecast period. People choose to go to hypermarkets seeking for the type of chewing gum that best matches their needs due to the proliferation of new supermarkets and hypermarkets in the suburbs. Furthermore, the one-stop solution provided by supermarkets/hypermarkets makes it a popular choice for shoppers. Customers may find a large variety of items at low prices in these retail formats, which are typically placed in conveniently accessible regions.
[DISTRIBUTIONCHANNELGRAPH]
By region, Europe dominated the chewing gum market in 2021 and is expected to be dominant during the forecast period. Chewing gum is in great demand in Europe owing to the rise in the popularity of flavored and unflavored sugar-free chewing gum. The increased demand for chewing gum in Europe is related to changes in lifestyle and a greater desire to try new tastes. Europe is the greatest chewing gum user, with Germany, Austria, and Belgium having the highest consumption indexes. Manufacturers are coming up with new campaigns to pique the interest of consumers and create awareness about the benefits of sugar-free chewing gum. For instance, in January 2022, Mars Wrigley announced the launch of a global campaign for Extra chewing gum in the UK. Furthermore, chewing gum firms in the European region are investing in their products and advertising to enhance product sales and obtain a competitive advantage.
[REGIONGRAPH]
Players operating in the global chewing gum industry have adopted various developmental strategies to expand their chewing gum market share, increase profitability, and remain competitive in the market. Key players profiled in the report include Arcor Group, Cloetta AB, Ferndale Confectionery Pty Ltd, Ferrero Group, Gumlink Confectionery Company A/S, Grenades Gum, LLC, HARIBO GmbH & Co. KG, Lotte Corporation, Mars, Incorporated., Meiji Holdings Co., Ltd., Mondelez International, Inc., Perfetti Van Melle, The Hershey Company, Tootsie Roll Inc., and Yildiz Holding.
Key Market Segments
Key Market Players