Due to factors such as stress releasing properties and other medical benefits of chewing gums, the confectionery market is growing, year on year.
Gum Market Regional Analysis The global gum market is dominated by the European region, which holds The country exports over tons of guar and its derivatives, which is comprised by tons of refined split guar gum, and tons of treated and pulverized guar gum.
The sugar type gums are two varieties - sugared and sugar-free. India is the leading net exporter of guar seeds and guar gum. Guar gum has a vast range of industrial applications and the major share of demand comes from various industrial sectors only.
The consumption pattern of guar seeds is largely influenced by the demands from the petroleum industry of United States of America and the oil fields in the Middle East as the derivative products of these seeds are quite useful in the petroleum drilling industries. Also, in rest of the world, the trend of consumption has increased with time that has lead to the introduction of this crop in many countries.
In the Asia-Pacific region, China and India are the largest markets for gum consumption. The production list of guar is dominated by India as a leading producer of this crop.
The market is further categorized by the distribution channel into hyper markets, super markets, and convenience stores, departmental stores, specialty stores, online purchase, etc. While the edible gum market is increasing at a significant pace, there are a few constraints that are slowing down the market, which include an increasing environmental concern and the problem of disposing of masticated gum.
Globally, Asia-Pacific is the second largest as well as the fastest growing market. New product launches of gums with innovative flavors, natural gum products with good medicinal properties, and organic gum products have been adapted strategically for long-term market growth.
Currently valued at around USD Gum Market Dynamics The global gum market is largely driven by factors such as consumer inclination toward impulse purchase and dental benefits. Africa is also witnessing a good growth in gum consumption. Table of Contents Gum Market Insights Gum is one of the most emerging confectionary categories in modern consumer purchase.
Gum is ranked third in the overall confectionery market, after chocolates and candy.
The market entry for new players is easy due to the growing regional demand for different flavors, along with sugar-free and energy gums. Regarding product type, the gum market can be classified into bubble gum, chewing gum, functional gum, energy gum, and others; wherein, the chewing gum and bubble gum segment has the highest demand.
A large number of gum alternatives are available in the market; this is enabling the establishment of new players in the market. Currently, the sugar-free and tooth decay reducing gums have the highest demand.
Gum Market Segmentation The global gum market can be broadly segmented by product type, sugar type, distribution channel, and geography.
United States alone constitute to around 40 thousand tons of guar and its derivatives demand. The net worth of the Indian exports is estimated over Rs crores.
It is also used in making pickles.Market research on the gum industry.
Standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends.
Due to strengthening awareness of the possible negative impact of gum on consumers’ health and the natural environment, sales of gum continued to fall in Breakdown of India's car market inby major manufacturer Exclusive Premium Statistic This statistic represents India's auto manufacturing market inwith a breakdown by manufacturer.
Indian Guar Market. India has been a major player in the context of guar and guar gum in the global market. India’s production contributes to 80% of the world’s total production figuring up to 6 lakh tons.; Rajasthan wholly retains the credit for India’s position producing 70% of the production itself.
India’s confectionery market is ballooning. Experts at the Canadean Intelligence Center expect the market to grow by 71 percent in the next four years.
InIndia’s confectionery market was worth close to $ billion. MARKETING ENVIRONMENT IN INDIA 1. Market stability is threatened by Short product life cycles, Short product design cycles, New technologies, Frequent entry by unexpected outsiders, Repositioning by incumbents, Tactical redefinition.
The environment escalates toward higher & higher levels of uncertainty, dynamism, heterogeneity of players &. Published: Fri, 05 May Indian market includes hard-boiled candies, toffees, sugar-based candies and gum based products.
Market Demand. The global market continues to grow, despite of the fact that certain sectors of the confectionery industry have reached maturity in many parts of the world.Download