Gum Market Records 3.42% CAGR by 2025 | Launch of new products to stimulate growth

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Factors such as new product launches and increased marketing and promotion initiatives will provide immense opportunities for growth. To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments, while maintaining their positions in slow growing segments. The gum market is fragmented and the degree of fragmentation will accelerate during the forecast period.

Gum market 2021-2025: segmentation

  • Product
  • Type
    • Sweet Gums
    • Sugar-free gums
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America


Gum Market 2021-2025: Analysis and Scope of Suppliers

Some of the major suppliers of global gum market include 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. To help businesses s To improve their position in the market, the report from Technavio provides a detailed analysis of around 25 vendors operating in the market. Backed by competitive intelligence and benchmarking, our gum market research reports are designed to provide entry support, client profile and M&A as well as go-to-market strategy support .

The report also covers the following areas:

The strong distribution network between manufacturers and retailers is likely to become one of the main drivers of the market. However, the lack of effective disposable chewing gum techniques may threaten the growth of the market.

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Associated reports:
Functional Chewing Gum Market –The functional chewing gum market has the potential to grow by $ 2.06 billion during 2021-2025, and the market growth momentum will accelerate at a CAGR of 4%. Download a Free Sample Report Now!


Agar-agar gum market
-The agar gum market has the potential to grow by $ 33.24 million over the period 2021-2025, and the market growth dynamics will accelerate at a CAGR of 2.51%. Download a Free Sample Report Now!

Gum Market 2021-2025: Highlights

  • Market CAGR during the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the gum market over the next five years
  • Estimation of the size of the gum market and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the gum market
  • Market competitive landscape analysis and detailed supplier information
  • Full details of the factors that will challenge the growth of sellers in the gum market

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Scope of the gum market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 3.42%

Market growth 2021-2025

$ 5.68 billion

Market structure

Fragmented

Annual growth (%)

2.80

Regional analysis

APAC, Europe, North America, MEA and South America

Efficient contribution to the market

Europe at 28%

Main consumer countries

United States, China, France, Japan and United Kingdom

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

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 Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

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Website: www.technavio.com/

SOURCE Technavio


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