It is consumed globally in different flavors such as watermelon, cinnamon, banana, blue raspberry, lemon, strawberry, apple, cherry and peppermint among others. The global 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.
Albany, NY -- (SBWIRE) -- 05/19/2017 -- Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new report to its ever-expanding online archive of global market intelligence studies. This report analyses the Global Chewing Gum Market and provides a reliable growth forecast for individuals and companies interested in the market during the period of 2016 – 2024. This research report is titled as "Chewing Gum Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2016 – 2024". It provides a wide-ranging assessment of the global market including painstaking insights, figures, facts and statistically supported data pertaining to the chewing gum market.
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As per the research findings, the global gum market is likely to expand with a single digit CAGR from 2013 to 2019. The report is prepared via an extensive primary research (interviews, surveys and analysis by industry analysts) and secondary research (reliable paid sources, market journals and industrial databases). The report also includes a far-reaching qualitative and quantitative analysis of data collected from industry insiders and market participants across the global industry value chain.
The rapidly increasing demand for nicotine gum is one of the most major driving forces behind the growth of the global gum market over the forecasted years. As the name suggests, nicotine gum delivers nicotine to the body and helps in handling the withdrawal symptoms of smoking. People of a young age are the major consumers of gums and candies. Eye-catching packaging and advertising also act as a growth driver for the gum market.
The global gum market is segmented based on type into bubble gum, bubble gum sugar-free, candy, chewing gum and sugar-free chewing gum. The market is also segregated geographically into:
- North America
- Rest of the World
The United States is the market front-runner in global chewing gum consumption. Innovation by manufacturers includes the introduction of different flavors such as cinnamon, watermelon, banana, lemon, raspberry, strawberry, apple, cherry and peppermint, as well as by changing shapes and sizes for attracting more customers. The high population of youth in Asia Pacific is likely to drive growth in this region over the forecast years.
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Some of the major companies operating in gum market are Mondeléz International Inc, Kraft Foods Inc., Ferndale Confectionery Pty Ltd., Haribo GmbH & Co. Kg, Perfetti Van Melle, The Wm. Wrigley Jr. Company, Mars Incorporated, The Hershey Company and ZED Candy among others.
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