Gum Base Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global gum base market was valued at approximately USD 4.2 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2028. This growth is driven by increasing demand for chewing gum across various demographics, including children and adults, along with rising consumer preferences for sugar-free and functional gum products. The market's expansion is further supported by innovations in gum base formulations and the growing popularity of gum as a refreshing and functional product in the oral care and breath-freshening segments.
Opportunities within the gum base market are emerging from the rising trend of natural and organic ingredients, as well as advancements in biodegradable and eco-friendly gum base materials. The market is seeing increased interest from manufacturers in developing gum bases that offer enhanced functionality, such as those incorporating vitamins, minerals, and other health benefits. Additionally, the growing prevalence of gum as a medium for delivering therapeutic agents presents new avenues for market growth, especially in developing regions where chewing gum consumption is on the rise due to urbanization and changing lifestyles.
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Wrigley
Cafosa
Gumbase
Arcor Group
Cloetta
Fimcobase
Gumcorp (pvt) Ltd.
Gumlink Confectionery Company
Mondel z International
Remik
Perfetti Van Melle
Maykim
Lotte
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Gum Base Market
Bubble Gum
Chewing Gum
Other
Based on Types the Market is categorized into Below types that held the largest Gum Base market share In 2023.
SBR
Butyl Rubber
Polyisobutylene
Resins
Waxes
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Gum Base Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Gum Base Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gum Base Market, By Type
6. Global Gum Base Market, By Application
7. Global Gum Base Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Gum Base Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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