Global Chewing Gum Market was valued at US$ 16.75 Bn in 2019 and is expected to reach US$ 19.642 Bn by 2027 at a CAGR of 2.01% during the forecast period.
The Chewing Gum Market Size 2021-2027 provides detailed competitive analysis, including market share, size, future scope, and future outlook. This report categorizes breakdown data by manufacturer, type, and application. It also analyses the market drivers and opportunities.
Global Chewing Gum Market Overview
Because they are lightweight and foldable, these Chewing Gum are easy to transport and operate. In developing countries, the main growth drivers are the growing tourist industry, increasing traffic congestion, and the rising Chewing Gum market. The rise in disposable income and growing urban population are driving the global sales of Chewing Gum. Companies are investing heavily in new electric mopeds and scooters to make them more efficient.
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List Of TOP KEY PLAYERS in Chewing Gum Market Report are -
• Hershey Company
• Mars Incorporated
• Ferrero International SA
• Perfetti Van Melle
• Mondelz International, Inc.
• Lotte Group
• Tootsie Roll Industries
• Wm. Wrigley Jr.Company
• Ferndale Confectionery Pty Ltd
• Kraft FoodsInc.
• Arcor Group
• Cloetta AB
• Ferndale Confectionery Pty Ltd.
• Haribo GmbH & Co. Kg
• Lotte Confectionery
COVID-19 Impact on Market:
In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world. As of March 2020, the most affected countries were the US, China, Italy and Iran. Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries. This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures. China is the world's largest manufacturing country, and has the largest number of raw material suppliers. Due to the closing of factories and other obstacles in the supply chain, COVID-19 is affecting overall market growth.
Segmentation of the Global Chewing Gum Market by Types, Applications, and Region:
• Convenience Stores
• Specialist Retailers
• Supermarkets and Hypermarkets
• Variety Stores
• Online Retail
• Department Stores
The global Chewing Gum market has been analysed and market size information provided by countries (regions). Segment by Application, The Chewing Gum Market is divided into the United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report covers the region-wise market size from 2016-2027. The report also contains market size and forecasts by type and application segment, in terms of revenue and sales, for the period 2016-2027.
This report provides a detailed analysis of the Global Chewing Gum Market for all stakeholders. This report presents the past and present status of the industry, as well as forecasted market size. Trends are also presented. The report uses simple language to simplify complex data. This report includes all aspects of the industry and a study of key players, including market leaders, followers, as well as new entrants. The report includes a PORTER, SVOR and PESTEL analysis as well as the potential market impact of microeconomic factors. The report includes both internal and external factors that could have a positive or negative effect on the business. This will provide a clear futureistic view of this industry for decision-makers.
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