Sugar-Free Chewing Gum Global Market Restraint, Share, Segmentation Overview, Size, Production and Consumption Ratio, Forecast to 2027.

 Market Forecast

Global Sugar-Free Chewing Gum Market size is projected to be USD 13,548.3 Million by 2027 at a CAGR of 5.2% between 2020 and 2027. According to the US Food and Drug Administration, chewing gum can be labeled as “sugar-free” if it contains less than 0.5 g of sugars per serving. In place of sugar, high-intensity sweeteners such as acesulfame-K, aspartame, neotame, saccharin, sucralose, or stevia are used to sweeten gum. Gum may also be sweetened with sugar alcohols such as erythritol, isomalt, maltitol, mannitol, sorbitol, or xylitol. The consumption of sugar-free confectionery is gaining acceptance among consumers. The high consumption of sugar has been found to adversely affect consumer’s health.

A substantial amount of sugar consumption over a long-term period leads to a higher risk of obesity and diabetes. Moreover, the high consumption of sugar also increases the chances of cardiovascular diseases. So, the growing chances of obesity and diabetes from sugar-based chewing gum have influenced the consumers to incline toward sugar-free chewing gum. Also, the rising concerns for dental health are highly boosting the sales of Sugar-Free Chewing Gum Market.

Key Players

  • The Hershey Company (US)
  • Perfetti Van Melle Group B.V. (Italy)
  • Mondelēz International, Inc (US)
  • Lotte Corporation (Japan)
  • The PUR Company Inc. (Canada)
  • Mars Incorporated (US)
  • Health Made Easy Group (UK)
  • Ferndale Confectionery Pty Ltd (Australia)
  • Ferrero SpA (Italy)
  • Verve, Inc. (US)
  • Kraft Foods Inc (US)
  • Haribo GmbH & Co. Kg (Germany)
  • The Wm. Wrigley Jr. Company (US)
  • Topps Company Inc. (US)
  • Simply Gum Inc. (US)

Market USP

Prevention against dental cavity

Growth Opportunities in the Market

Rising Demand for Natural Flavors in Sugar-Free Chewing Gum: The demand for products containing natural flavors is on the rise owing to the side effects associated with artificial flavors. The same is the case in sugar-free chewing gum, wherein consumers are highly inclined toward gum with natural flavors. The mint flavor is the widely consumed flavor among all, followed by bubble gum flavor. However, the fruit flavor is expected to grow at the highest rate during the review period. The continuous launch of sugar-free chewing gum in innovative natural flavors is projected to boost the market growth.

Online Distribution Channels Gaining Popularity Across the Globe: The non-store-based/online segment is projected to register a higher growth rate during the forecast period. Manufacturers of sugar-free chewing gum are highly inclined toward non-store-based distribution channels for the sales of their products. They are investing in creating their online shopping website or partnership with major online channels for the distribution of their products. Companies are opting for online distribution platforms as they extend their consumer reach.

Access Report Details @ https://www.marketresearchfuture.com/reports/sugar-free-chewing-gum-market-10400

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Comments

Post a Comment

Popular posts from this blog

Grain Protectants Industry Analysis Insights, Regional Portfolio, Competitor, Product Category| Forecast

  Market Overview: Protectants are fundamental means of pest management in bulk storages of food grains such as wheat, corn, and rice. They are pest control methods that protect the post-harvest grains from the attack of pests, rodents, and other diseases. The global grain protectants market has been segmented into control method, grain type, and target pest. By control method, the global market has been classified into chemical, physical, and biological. The chemical segment dominated the market in 2017 owing to its high-effectiveness properties and diverse range of chemical compounds to prevent the attack of rodents, fungus, and insects among others. The biological method is projected to grow at a high CAGR during the review period owing to the its eco-friendly nature and less maximum residual levels (MRLs). Based on grain type, the global grain protectants market has been segmented into corn, wheat, rice, and others. The corn segment accounted for the largest market share in...
Read more

HoReCa Key Market Players by Product and Consumption, and Forecast 2028

Image
  HoReCa Market Overview: In addition, the global HoReCa market is expected to increase ta a CAGR of 3.15%, with a value of USD 2.38 billion during the projected quarters of 2021-2028. In the hotel industry, food services have a substantial market share. The food and beverage market grew throughout the epidemic and when the situation improved. The success of the HoReCa business is due to the adaption of modern lifestyles and a rise in disposable income in several notable countries. There has been a considerable increase in hotels, restaurants, cafés, and food trucks, all of which contribute to good growth. Tourism is one of the businesses that influence the HoReCa market. The market's growth is influenced by people traveling and sampling new cuisines. The market is further boosted by the experimentation with diverse cuisines' food availability in one location. Another aspect driving market development is the young generation's food habit of dining outside and ordering m...
Read more