Latin America Gum Market

Latin America Gum Market Size (2024 to 2032)

Latin America Gum Market is predicted to reach USD 4.17 billion in 2024 and USD 6.40 billion by 2032, growing at a CAGR of 36.5% during the forecast period.

MARKET OVERVIEW

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.

This research report on the Latin America Gum market has been segmented and sub-segmented into the following categories.

Latin America Gum Market By Sugar Type

• Sugared Gum

• Sugar free Gum

Latin America Gum Market By Product Type

• Chewing Gum

• Bubble Gum

• Functional Gum

• Energy Gum

Latin America Gum Market By Distribution Channel

• Supermarkets,

• Convenience Stores

• Departmental Stores

• Online Retailers

Latin America Gum Market By Country

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

KEY MARKET PLAYERS

• Mondeléz International Inc
• Kraft Foods Inc.
• Mars Inc.
• Wrigley’s
• Perfetti
• Howell Foods
• Hershey
• Think Gum
• Zapp Gum
• ZOFT Gum
• Super Mouth