The global chewing gum machine market is worth US$ 966 Million and is expected to reach US$ 1,650.1 Million by 2033 at an average CAGR of 5.5% between 2023 and 2033.
Chewing gum machines are generally found in public places like airports, shopping malls, and supermarkets. Initially, this machine, invented by William Wrigley Jr. in 1892, was designed for dispensing Wrigley’s chewing gum. These days, numerous exclusive flavors and brands of chewing gum are available, which could be sought from vending machines.
It has been reported that chewing gum aids in thinning the jawline and burning calories. As such, intake is expected to be substantiated around the world. The manufacturers use chewing gums in a broad spectrum of flavors like watermelon, peppermint, and strawberry.
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At the same time, chewing gums could result in tooth cavities, and sugar-related problems (in children, in particular) can’t be ignored. With bubble gum excessively being consumed, Type-1 Diabetes frequency has increased amongst those aged 15 and below. These factors could restrain the chewing gum machine market in the future.
In its latest market study entitled’ Chewing Gum Machine Market’, Future Market Insights has explored these facts with future perspectives. It has its team of analysts and consultants to look through a bottom-up approach in its primary, secondary, and tertiary modes of research.
Key Takeaways from the Chewing Gum Machine Market
- North America holds more than 35% of the market share with healthy competition amongst various role-players.
- Europe holds the second-largest market share, with Italy and France ruling the roost. This could be attributed to the fact that these two regions are known as desert spots for tourists. Europe holds more than 30% of the market share.
- The Asia-Pacific is yet to pick up the pace with respect to the chewing gum machine market due to a lack of awareness on this count in low-income countries.
Competitive Chewing Gum Machine:
- The key players in the chewing gum machine market include Wrigley, Cadbury, Hershey, Mars, Perfetti Van Melle, Tootsie Roll Industries, ITWAL Ltd., Nestle, and others.
- The players mentioned above are engaged in various expansion modes like new product launches, mergers, acquisitions, partnerships, joint ventures, and likewise, to strengthen their position in the chewing gum machine market.
What does the Report state?
- The research study is based on type (tabletop machines and floor standing machines), end-use (food service establishments, office buildings, and retail stores), and sales channel (online and offline).
- With key participants coming up with sugar-free chewing gums and mints for keeping up with Generation Alpha, the global chewing gum machine market is bound to grow astoundingly.
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Chewing Gum Machine Market Segmentation:
By Type:
- Tabletop Machines
- Floor Standing Machines
By End-use:
- Foodservice Establishments
- Office Buildings
- Retail Stores
By Sales Channel:
- Online
- Offline
By Geography:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
- RoW
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