The Gum Confectionery Global Market Report 2023, provides comprehensive information on the gum confectionery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Gum Confectionery Global Market Report 2023, the market size is expected to grow from $29.47 billion in 2022 to $31.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gum confectionery market size is expected to reach $37.61 billion in 2027 at a CAGR of 4.8%.
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Product innovations are a key trend gaining popularity in the gum confectionery markets. Major companies operating in the gum confectionery market are focused on developing innovative solutions to strengthen their position. For instance, in December 2022, Perfetti Van Melle, a Netherlands-based manufacturer and distributor of confectionery and chewing gum, launched “Mentos Citrus Vitamin Gum.” It is uniquely designed to be sugar-free, contains 25% of the recommended daily amounts of vitamins B6, C, and B12, and has a liquid-filled center to give it long-lasting freshness. It contains a mix of bold citrus flavors that will keep the taste buds tingling chew after chew.
The gum confectionery market is segmented:
1) By Type: Sugared Gum, Sugar-Free Gum
2) By Form: Sticks Or Tabs, Pellets Or Pillows, Liquid Filled Gum, Other Forms
3) By Distribution Channel: Supermarket Or Hypermarket, Specialty Stores, E-Commerce, Other Distribution Channels
Asia-Pacific was the largest region in the gum confectionery market in 2022.
The table of contents in TBRC’s gum confectionery market report includes:
1. Executive Summary
2. Gum Confectionery Market Characteristics
3. Gum Confectionery Market Trends And Strategies
4. Gum Confectionery Market – Macro Economic Scenario
5. Gum Confectionery Market Size And Growth
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26. Africa Gum Confectionery Market
27. Gum Confectionery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gum Confectionery Market
29. Gum Confectionery Market Future Outlook and Potential Analysis
30. Appendix
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