Latin America Gum Market Size, Share, Growth (2022-2027)
Latin America Gum Market was worth USD 3.55 billion in 2021 and is estimated to be growing at a CAGR of 5.5%, to reach USD 4.64 billion by 2027
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 market. Also, innovative flavour offerings and the increasing popularity of natural gum products are expected to boost the market.
The Latin America market for Gum is segmented
based on
Sugar Type
Product Type
Distribution Channel
Based on Sugar Type
Sugared Gum
Sugar free Gum
Based on Product Type
Chewing Gum
Bubble Gum
Functional Gum
Energy Gum
Based on Distribution Channel
Supermarkets,
Convenience Stores
Departmental Stores
Online Retailers
Based on geographical analysis
Argentina
Brazil
Mexico
Rest of Latin America
Brazil holds the major share in the market due to the presence of market leaders as well as a large population of Gum consuming individuals. Argentina 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
Mondeléz International Inc
Kraft Foods Inc.
Mars Inc.
Wrigley’s
Perfetti
Howell Foods
Hershey
Think Gum
Zapp Gum
ZOFT Gum
Super Mouth
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