Chewing Gum Market - Global Industry Analysis till 2024
Albany, NY -- (SBWIRE) -- 12/21/2018 -- Chewing gum includes gummy materials such as chicle, flavored, and sweetened. Some of the chewing gum designed to be inflated out of the mouth and are termed as "bubble gum". It is consumed globally in different flavors such as watermelon, cinnamon, banana, blue raspberry, lemon, strawberry, apple, cherry and peppermint among others.
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Attractive packaging also acts as a major driver of chewing gum market. Large proportion of youth in population in Asia Pacific is expected to drive the consumption of chewing/ bubble gum over the next six years. The population of kids also would drive the consumption of bubble gums in Asia Pacific.
The global Chewing Gum market is expected to grow with a single digit CAGR from 2013 to 2019.Gum is consumed worldwide and is more popular among kids. However there is an increase in the consumption of sugar free Gum in developed countries due to various health awareness programs, which fuel the demand of sugar free Gum.
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The U. S. is the market leader in gum consumption. Innovation by manufactures by introducing a number of flavors, along with different size and shapes in gum is attracting more consumers. The younger generation is the major consumers of candies.