Global Chewing Gum Market 2016-2020
About Chewing Gum
Chewing gum is a product that is mostly bought on impulse. Therefore, attractive packaging and the correct placement of these products, like at the checkout zones of supermarkets and hypermarkets, are expected to drive the market during the forecast period. Chewing, especially for an extended period, is regarded as indecorous in many countries such as Japan, Thailand, Malaysia, and Singapore. Therefore, consumers in such countries often favor consuming mints to chewing gum. This will likely hurt the overall demand for chewing gum over the next five years. Moreover, the littering of masticated gum, which does harm to the environment, is an associated problem with gum consumption.
Technavio’s analysts forecast the global chewing gum market to grow at a CAGR of 1.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global chewing gum market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of chewing gums to individual customers in the global market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chewing Gum Market 2016-2020
Technavio recognizes the following companies as the key players in the global chewing gum market: Lotte, Meiji Holdings, Mondelez, Perfetti Van Melle, and Wrigley
Other Prominent Vendors in the market are: Cloetta, Hershey Foods, Howell Foods, Peppersmith, Republic Biscuit Corporation (REBISCO), Super Mouth, Think Gum, Xlear, Zapp Gum, and ZOFT Gum Company
Commenting on the report, an analyst from Technavio’s team said: “Many studies have been conducted by international agencies that have led to the publication of several reports pertaining to the adverse effects of smoking. Several governments and organizations have extended support to people who want to quit smoking by providing nicotine replacement therapy. The desire to quit smoking tobacco and the increased awareness regarding its harmful effects have propelled the demand for nicotine chewing gums.”
According to the report, chewing gum sales are largely dependent on a consumer's impulse buying decision, thus making it an important driver for the market. As chewing gums are often purchased on impulse, modern retailers place these items near the point-of-sale or billing counters in supermarkets, hypermarkets, or other retail formats. This is done to attract the customer's attention during check out.
Further, the report states that chewing gum is made from polymers, many of which are not biodegradable and, therefore, pose a significant threat to many ecosystems. Chewing gum litter is common in most regions and is difficult and costly to remove. Moreover, the chemicals used to remove chewing gum are toxic to the environment. Chewing gum is the most prevalent and persistent form of staining and is highly resistant to aggressive chemicals because of its strong adhesion. According to the Clean Neighbourhoods and Environment Act in the UK, mass littering of chewing gum is the most common form of littering after the improper disposal of cigarette butts. The local councils of the UK have to spend nearly $240 million on chewing gum removal annually. Under the Regulation of Imports and Exports (Chewing Gum) Regulations in Singapore, the import of chewing gum is banned in the country and no gum is allowed to be sold or bought inside the country. Additionally, under the rule, a fine of $700 is set for spitting out gum on the streets.
Lotte, Meiji Holdings, Mondelez, Perfetti Van Melle, Wrigley, Cloetta, Hershey Foods, Howell Foods, Peppersmith, Republic Biscuit Corporation (REBISCO), Super Mouth, Think Gum, Xlear, Zapp Gum, ZOFT Gum Company.
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