About Bubble Gum
Bubble Gum is a kind of Chewing gum which is designed to be overblown out of the mouth. This bubble gum comes in a variety of flavors namely bubblegum flavor which is generally fruity in nature and has an artificial added flavor called esters. It also contains natural flavoring to the gums by using different organic ingredients such as cinnamon, cloves, combining banana, pineapple, and wintergreen. Bubble gums also help in improving oral health concerns and exhibit various stress relieving properties. Increasing more impulse purchasing coupled with an inclination of consumers towards bubble gum will drive the market in forecasted years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Bubble Gum market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wrigley (United States), Cadbury (United Kingdom), Hershey (United States), Concord Confections (Canada), Perfetti Van Melle (Italy), Unigum (Turkey), Oakleaf (Canada), ZED Candy (Dublin), Lotte (South Korea) and Orion (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Fini Sweets (United States) and Zhejiang Spring Sweets Co (China).
Segmentation Overview
AMA Research has segmented the market of Global Bubble Gum market by Type (Sugarless Bubble Gum and Sugar-Containing Bubble Gum), Application (Offline Sales and Online Sales) and Region.
On the basis of geography, the market of Bubble Gum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Flavor Type, the sub-segment i.e. Watermelon will boost the Bubble Gum market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Natural Ingredients in Gums and Adoption for Organic Gums
Market Growth Drivers:
Rising Demand for Innovative Products by the Millennial and Growing Consumer Concern for Oral Health
Challenges:
Issue Related To Counterfeit Products and The Decline in Smoking Rates Impacting the Consumption of Gums
Restraints:
Concern Related to Consumers Shifting to Mints and Government Campaign against Chewing Gum
Opportunities:
Growing Demand for Functional Gums in Developing and Developed Countries and Increasing More Bubble Gum Stores in Emerging Countries
On June 24th, 2019, The Company named Mars Wrigley Confectionery launches Juicy Fruit Chewing Gum in line with the company’s aim to strengthen its portfolio in India and expand its presence in the Fruity Gums category in the country.
According to the United States lists the chewing gum base are permitted food additive and provides authorization for the various components of gum base, including natural and synthetic gums, softeners, natural and synthetic resins, and antioxidants. There is a high degree of uniformity in regulations governing gum base globally.
Key Target Audience
Bubble Gum Manufacture, Bubble Gum Distributors, Bubble Gum Importers and Exporters, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.