分享好友 环球市场首页 环球市场分类 切换频道

Asia Pacific Sugar Free Chewing Gums Industry

2024-12-0700

Asia Pacific Sugar-Free Chewing Gum Market Analysis

The Asia-Pacific Sugar Free Chewing Gum Market is expected to register a CAGR of 5.47% during the forecast period.

Asia Pacific Sugar-Free Chewing Gum Market Trends

New Product Launched and Innovations in Sugar-Free Gums

The demand for the single pack is growing with consumer demand for various flavors. Innovation in a unique format, a new pack, and varied flavor range continued to be sugar- free chewing gum market opportunity to drive the market. On-the-go mouth freshness products, such as Doublemint has performed well in Asia owing to high demand and increased usage of social media and growing purchasing power supports the market growth of sugar-free chewing gum. Driving consumer awareness through packaging that demonstrates product information through pack design is the future sugar-free chewing gum market opportunity. Hence, new product innovation with attractive packaging is the main strategy adopted by players.

China Market Holds Significant Share

China followed by Japan and South Korea are the largest markets for sugar-free chewing gums in the Asia-Pacific region. Sugar-free gums offer a bright spot to the Chinese chewing gum market as it resonates with the general rise in consumer health-awareness and is benefiting from growing concerns about the harmful impact of sugar consumption on health and the increasing prevalence of obesity. Sugar-free chewing gums have replaced traditional bubble gums owing to the rising concerns of tooth decay among Chinese children. Wrigley Confectionery (China) Ltd remained the leading player in the sugar-free gum market in 2019. Moreover, India's sugar-free chewing market is projected to grow at the fastest rate during the forecast period.

Asia Pacific Sugar-Free Chewing Gum Industry Overview

The Asia-Pacific sugar-free chewing gum market is concentrated among multinational players occupying major share. Key market players include Perfetti Van Melle Group B.V., Mondelez International, Inc., Mars, Incorporated, The Hershey Company, and others.

New product innovation with attractive packaging is the main strategy adopted by players. For instance, Wrigley India, a subsidiary of Mars Inc., launched Doublemint Mints, which is a sugar-free chewing gum available in two flavors- peppermint and spearmint.

Asia Pacific Sugar-Free Chewing Gum Market Leaders

  1. Perfetti Van Melle Group B.V.

  2. Mondelez International, Inc.

  3. Mars, Incorporated

  4. The Hershey Company

  5. Lotte Corporation

  6. Glee Gum

  7. *Disclaimer: Major Players sorted in no particular order
点赞 0
举报
收藏 0
评论 0
分享 0