Chewing Gum Base Market Set for Huge Expansion during 2022 to 2028

Chewing Gum Base Market: Dynamics

Chewing gum base demand is increasing due to surging demand of the chewing gum. The main reason for increasing demand for chewing gum is the health benefits from chewing the gum such as stress release, improved oral hygiene, and enhanced concentration. Also, other factors responsible for increasing demand of chewing gum are the range of flavor and colors available which mainly attracts youth and kids. Artisan confectionery is becoming popular in various countries which is responsible for growth in the demand for the chewing gum base market.

Chewing gum base material uses mostly synthetic rubbers such as polyethylene, polyvinyl acetate etc. instead of natural rubber to allow long-lasting flavor, improve texture. These synthetic materials are plastics and hence a source of pollution. Because of this chewing gum base derived from natural resources are gaining demand in the chewing gum industry. Some companies opting for the ancient practice of using Chicle or tree sap as a chewing gum base is a suitable and healthier yet environment-friendly alternative. Chewing gum base derived from natural sources are simple, healthy, and non-GMO fulfilling current consumer demand for the healthy product.

Global Chewing Gum Base market: Key players

Cafosa, Gum Base Co., Ingredion Inc., Proaroma, Fertin Pharma, Wacker, Boc Science, Neostar United Industrial Co. Ltd., and Angene International Ltd. are among the key players in the global Chewing gum base market.

Global Chewing Gum Base market: Key developments

Ingredion Inc.: In January 2017, Ingredion Inc. acquired TIC Gums Inc. for $400 million cash transaction. TIC Gums Inc. was a leading manufacturer of advanced texture systems to the food and beverage industry. As Ingredion is present globally, this will lead to further expansion of the chewing gum base market.

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October 2013: At Cafosa, a major manufacturer of chewing gum base material, the main focus to minimize carbon footprint was realized by identifying opportunities to improve resource consumption management and reduction of water and energy use in the production processes. Also, waste management was improved by no waste been sent to landfill, following the company’s policy of environmental awareness. These results encourage to continue to create an impact on the community and the negative effects on the environmental could decrease in the future.

Global Chewing Gum Base market: Opportunity

Consumption of chewing gum base is increasing in Asia-Pacific and still growing followed by North America and Europe. China is the leader in the production of chewing gum base followed by the U.S. and Canada. Application in the pharmaceutical industry is expected to witness significant growth on account of growing awareness and increasing R&D spending towards product development in the industry.  Overall demand for natural origin chewing gum base should increase as the product is clean label gaining popularity among the health-conscious population around the globe. As only a few major food and beverage manufacturers are producing the naturally derived chewing gum base, comparing supply-demand figures market should increase and an opportunity for small and medium-sized producer should increase.

Key data points covered in the report:

Some of the key data points explained in the report are:

• An overview of the chewing gum base market, including background and evolution
• Market dynamics, such as drivers, restraints, challenges, and trends
• The cost structure of the products and segments covered in the study
• In-depth pricing analysis, by key product segments, by major market participants
• Analysis of supply and demand, the major producer and consumer by geographies, imports/exports
• Competitive landscape of the chewing gum base market, including detailed profiles of the top players in this market

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)