Europe Gum Market

Europe Gum Market Size, Share Analysis:

Europe Gum Market was worth USD 11.21 billion in 2021 and estimated to be growing at a CAGR of 5.0%, to reach USD 14.31 billion by 2026. Gum is a type of confectionery that is witnessing a rapid upsurge in modern consumer purchases.

Chewing gum is a soft, cohesive food substance that is intended to be chewed without being swallowed and it is made of a gum base, sweeteners, softeners/plasticizers and a hard coating of powdered polyol. It is available in many flavours and colours. Sugar-free gum sweetened with xylitol has been shown to reduce cavities and plaque.

Factors contributing to the growth of the market include increasing purchase of socially approved products regarding the dental benefits and increasing consumer inclination towards impulse purchases. However, factors like environmental concerns and disposable problems related to masticated gum are hindering the growth of the Gum Market. Also, innovative flavor offerings and increasing popularity for natural gum products are expected to boost the market.

Europe Gum Market Segmentation Analysis:

The European market for Gum is segmented based on Sugar Type, Product Type, and Distribution Channel.

Based on Sugar Type: It is divided into Sugared Gum and Sugar-free Gum.

Based on Product Type: It is divided into Chewing Gum, Bubble Gum, Functional Gum, Energy Gum, and Others.

Based on Distribution Channel: It is divided into Supermarkets, Convenience Stores, Departmental Stores, Online Retailers, and Others.

Regional Growth Analysis and Its classification of the market:

Based on geographical analysis, the market is divided into regions of the U.K., Germany, France, Italy, and Spain. The U.K. holds the major share in the market due to the presence of market leaders as well as a large population of Gum consuming individuals.

Germany is the fastest-growing region due to increasing demand and product innovation and increasing disposable income. Sugared Gums are holding the major market share while sugar-free gums are expected to grow the fastest due to increasing dental concerns and increasing popularity for functional gums.

Bubble Gums and Chewing gums are holding the major market share due to their popularity among children, increasing disposable income and increasing use for casual chewing. Based on distribution channel supermarkets hold the major share in the market while online retails are expected to grow the fastest

Some of the key companies covered in this market report are:

1. Mondeléz International Inc
2. Kraft Foods Inc
3. Mars Inc
4. Wrigley’s
5. Perfetti
6. Howell Foods
7. Hershey
8. Think Gum
9. Zapp Gum
10. ZOFT Gum
11. Super Mouth
12. Lotte