Key vendors to focus on the development of value-added features to their products
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global chewing gum market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the retail sales of chewing gums to individual customers in the global market.
This Technavio report, under the food vertical, is based on the synthesis, analysis, and interpretation of information about the global chewing gum market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
Click here to request a free sample of this report
Competitive vendor landscape
The global market for chewing gum is characterized by the presence of both, regional and international vendors. However, more than 50% of the global market is controlled by four key vendors including Mars (Wrigley), Mondelēz, Lotte, and Perfetti. While Mars and Mondelēz are US-based, Lotte is based in South Korea, and Perfetti Van Melle is a Dutch-Italian company. North America and Western Europe are the major two markets for these international players.
“Chewing gum manufacturers are gradually shifting their focus from just the taste toward the production of chewing gum with value-added benefits. This has led to the introduction of functional gum, which is gaining momentum in the global market. Although a niche segment, it is expected to grow around 15% by 2018. Nicotine gum and “slimming” gum are some of the key products in this segment,” says Manjunath J, a lead analyst at Technavio for food.
Top five vendors in the chewing gum market space
Lotte Confectionery (Lotte)
Lotte engages in the production and sales of sweets, ice creams, dairy products, confectionery products, and frozen foods. The company’s confectionery products include chewing gums, candies, biscuits, cookies, chocolates, and doughnuts. It also sells beverages and sundries. The company operates across South Korea, Singapore, Indonesia, Vietnam, Thailand, Taiwan, the Philippines, Malaysia, Poland, Brazil, and the US.
Key products: Acuo, Arabica Coffee Gum, Boopureo, Codi Sticker Whatta, Xylitol, and Xylitol Alpha Project.
Mars (Wrigley)
Mars is a privately-held business that manufactures food products, confectionery, and pet care products. It markets its products under the brands M&M’s, Snickers, Orbit, Dove, Mars, Pedigree, Whiskas, Royal Canin, Uncle Ben’s, Flavia, and CirkuHealth. The company operates more than 393 sites, including 138 manufacturing and R&D sites.
Key products: Altoids, Big Red, Doublemint, Eclipse, Extra, Juicy Fruit, Life Savers, Orbit, Skittles, and Spearmint.
Mondelēz International (Mondelēz)
Mondelēz manufactures and markets snack foods and beverages. The company sells its products under brands such as Cadbury, Cadbury Dairy Milk, and Trident gum; LU, Nabisco, and Oreo; Milka chocolates; Jacob coffee; and Tang. As of December 31, 2015, globally the company had over 156 manufacturing facilities including 147 owned and 9 leased and 187 distribution facilities including 47 owned and 140 leased.
Key products: Bubbaloo, Dentyne, Dirol, Hollywood, and Trident.
Perfetti Van Melle
Perfetti Van Melle along with its subsidiaries, engages in the manufacture and marketing of confectionery products and chewing gum across the world. Perfetti Van Melle has a market presence in over 150 countries and operates 43 subsidiaries and associate companies across the world. As of December 2014, the company has around 32 manufacturing companies.
Key products: Center Fruit, Daygum, Happydent, Vigorsol, and Vivident.
Meiji
Japan-based company specialized in dairy and confectionery items. The company is headquartered in Tokyo and has seven manufacturing plants in Japan and distribution channels across 30 countries.
Key products: Sugar-free chewing gums and Sugared chewing gums.
Other prominent vendors in this market include Cloetta, Hershey Foods, Howell Foods, Peppersmith, Republic Biscuit Corporation (REBISCO), Super Mouth, Think Gum, Xlear, Zapp Gum, and ZOFT Gum Company.
A more detailed analysis is available in the Technavio report, Global Chewing Gum Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
To read more press releases- click here.
Browse related reports:
- Global Chewing Gum Market – Market Analysis Report 2015 – 2019
- Global Teeth Whitening Products Market 2015-2019
- Global Xylitol Market 2016-2020
- Global Sugar Confectionery Market 2016-2020
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
