Chewing Gum Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to chewing gum market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Chewing Gum Market News

in Chewing Gum Market
  • November 2024: Extra collaborated with BBC Radio 1Xtra presenter Joelah Noble to launch Chewns, an ASMR album that features sounds of chewing gum. The album includes tracks like Peppermint Tingles and Gum 'N' Bass, which are targeted towards relaxation through sensory stimulation. The collaboration is rooted in the increasing popularity of ASMR as a stress-relief tool.
  • October 2024: Milliways launched its plastic-free chewing gum in France with a roll-out at major retailers throughout the country. The brand has added new variants like Strawberry, Cherry, and Spearmint to join its classic Peppermint and Mighty Mint varieties. The development complements Milliways' global growth and green approach in the chewing gum market.
  • September 2024: The Hershey Company launched Ice Breakers Flavor Shifters, a gum that changes flavors when chewed. The new flavor pairs, Wild Berry to Coolmint and Wintergreen to Coolmint, deliver a unique sensory experience. The product is now in stores nationwide.

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Global Chewing Gum Market size was valued at USD 27.84 Billion in 2023 and is poised to grow from USD 28.69 Billion in 2024 to USD 36.46 Billion by 2032, growing at a CAGR of 3.04% in the forecast period (2025-2032).

Chewing gum is a competitive global industry, and top players utilize a range of strategies to strengthen and defend their market positions. Mars, Mondelez, and Perfetti Van Melle are firms that invest money in product development focused on new flavors and functional ingredients to update a changing customer taste. Companies can expand their global reach through the repeating presence of mergers and acquisitions in a partnership. It is also important to recognize and use company resources to invest in online marketing procedures, and companies should also invest in the areas of greening and technology to connect to internet technologies and eco-friendly consumers. 'Extra', 'Milliways', 'Perfetti Van Melle Group B.V.', 'Lotte Wellfood Co., Ltd.', 'The Hershey Company', 'Grupo Arcor S.A.', 'Cloetta AB', 'Ferrero International S.A.', 'Nestlé S.A.', 'Meiji Co., Ltd.', 'Reynolds American Inc. (BAT)', 'GlaxoSmithKline PLC', 'Johnson & Johnson', 'Cadbury Adams (Kraft Heinz Company)', 'Gumlink A/S'

Consumers are actively seeking healthier options, resulting in demand for both sugar-free and functional chewing gums. There is evidence that functional chewing gums become more popular with health-conscious consumers who are looking to relieve stress, manage weight or improve oral health as it generally contains a functional ingredient, nutritional ingredients such as vitamins, minerals, and botanicals, that support this wellness trend. Innovation and growth potential in the chewing gum space is being fueled by this wellness trend.

Functional Ingredients and Flavors Innovations: Manufacturers are now trying to expand their product line by launching special flavors and functional ingredients. Gums with caffeine, CBD, or probiotics get more popular by the day, offering benefits besides fresh breathiness. This trend appeals to consumers who seek multifunctional products that support their health and lifestyle goals.

How Are Sustainability and Oral Health Shaping North American Gum Trends?

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Global Chewing Gum Market
Chewing Gum Market

Report ID: SQMIG30I2488

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