Chewing gum Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0196389
  • Format: Electronic (PDF)
  • Number of Pages: 197
  • Author(s): Joshi, Madhavi

Report Overview

The Chewing gum Market size was estimated at USD 22 billion in 2023 and is projected to reach USD 32 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2024-2030).

Chewing gum Market

(Market Size)
$22 billion
$32 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.80%
2023 Market Size USD 22 billion
2030 Market Size USD 32 billion
Key Players Mars (Wrigley), Mondelez, Perfetti Van Melle, Lotte, Hershey’s

Market Summary

The chewing gum market is a dynamic segment within the global food and beverages industry, characterized by steady consumer demand and ongoing product innovation. This market caters to a diverse consumer base seeking products for freshness, oral health benefits, and enjoyment. Manufacturers are increasingly focusing on developing gums with functional benefits, such as teeth whitening, vitamin fortification, and stress relief, to differentiate their offerings and capture niche segments. The market is also witnessing a shift towards natural and organic ingredients, driven by growing health consciousness among consumers. Despite facing competition from other confectionery and snack products, chewing gum maintains a unique position due to its convenience and portability. The industry is supported by extensive distribution networks, including supermarkets, convenience stores, and online platforms, ensuring wide availability. Key market players are engaged in strategic initiatives such as mergers, acquisitions, and partnerships to expand their geographic presence and product portfolios. The market's resilience is evident in its ability to adapt to changing consumer preferences and economic conditions, making it a stable yet competitive arena.

Key Highlights

The chewing gum market is distinguished by several key highlights that underscore its evolution and current state. One significant trend is the rising popularity of sugar-free gums, which appeal to health-conscious consumers seeking to reduce sugar intake while enjoying oral care benefits. Innovations in flavors and formats, such as layered gums and long-lasting varieties, are also driving consumer interest and market growth. Sustainability has emerged as a critical focus, with leading companies investing in eco-friendly packaging and biodegradable gum bases to address environmental concerns. The market is highly concentrated, with a few multinational corporations like Mars Wrigley, Mondelez International, and Perfetti Van Melle dominating global sales through strong brand loyalty and extensive marketing campaigns. Additionally, regional preferences play a crucial role, with North America and Europe being mature markets, while Asia-Pacific shows promising growth due to increasing disposable incomes and urbanization. The integration of e-commerce has further expanded market reach, allowing brands to engage directly with consumers and offer personalized products. These factors collectively highlight the market's adaptability and potential for continued innovation.

Drivers, Opportunities & Restraints

The chewing gum market is influenced by several drivers, including the growing awareness of oral health benefits associated with chewing gum, such as saliva production that helps neutralize acids and reduce plaque. The convenience and portability of gum make it an attractive on-the-go product for busy consumers. Opportunities abound in the development of functional gums with added vitamins, minerals, and other health-enhancing ingredients, catering to the wellness trend. Expanding into emerging markets, particularly in Asia-Pacific and Latin America, presents significant growth potential due to rising disposable incomes and changing lifestyles. However, the market faces restraints such as increasing competition from alternative confectionery and snack products, including mints and lozenges. Health concerns related to artificial sweeteners and additives may also deter some consumers. Environmental issues, particularly the non-biodegradable nature of traditional gum bases and packaging, pose challenges that require innovative solutions. Regulatory pressures regarding labeling and health claims further complicate market dynamics. Despite these restraints, strategic focus on innovation and sustainability can help overcome obstacles and capitalize on emerging opportunities.

Concentration Insights

The chewing gum market is highly concentrated, with a few key players holding significant market share. Mars Wrigley, a subsidiary of Mars Incorporated, leads the global market with iconic brands like Orbit, Extra, and Doublemint, leveraging extensive distribution networks and strong brand recognition. Mondelez International, through its Trident and Dentyne brands, is another major competitor, focusing on innovation and marketing to maintain its position. Perfetti Van Melle, known for brands such as Mentos and Airheads, also commands a substantial presence, particularly in Europe and Asia. These companies invest heavily in research and development to introduce new flavors and functional benefits, ensuring product relevance. The concentration is further reinforced by mergers and acquisitions, such as Mondelez's acquisition of certain gum assets from Hershey, which expanded its portfolio. Smaller players and regional manufacturers often niche markets with specialized products, such as organic or natural gums, but face challenges in competing with the marketing muscle and scale of giants. This oligopolistic structure drives intense competition in pricing, innovation, and market expansion strategies.

Type Insights

The chewing gum market is segmented by type into sugar-free and sugar-containing gums, each catering to distinct consumer preferences. Sugar-free gums dominate the market, driven by increasing health consciousness and demand for oral care products. These gums often contain sweeteners like xylitol, sorbitol, and aspartame, which provide sweetness without contributing to dental cavities. Brands like Trident and Orbit have built strong reputations in this segment by emphasizing benefits such as fresh breath and teeth cleaning. Sugar-containing gums, while facing decline in some regions due to health concerns, remain popular in emerging markets and among younger consumers who prefer traditional sweet flavors. Additionally, specialty gums, including medicated gums for throat relief or energy-boosting gums with caffeine, are gaining traction as functional products. The type segment also includes novel formats like pellet gums, stick gums, and slab gums, each offering different consumption experiences. Innovation in flavors, from classic mint to exotic fruits and desserts, continues to attract diverse consumer groups, ensuring that type diversification remains a key strategy for market growth.

Application Insights

Chewing gum applications span various consumer needs, with the primary segments being breath freshening, oral care, confectionery, and functional benefits. Breath freshening gums are the most traditional and widely used, offering quick solutions for maintaining oral freshness throughout the day. Oral care gums are increasingly popular, often marketed with claims of reducing plaque, strengthening teeth, and whitening, leveraging ingredients like xylitol and calcium. The confectionery application appeals to consumers seeking enjoyment and taste, with products featuring diverse flavors and textures. Functional gums represent a growing niche, including products designed for stress relief with ingredients like L-theanine, energy enhancement with caffeine, or vitamin supplementation. These applications cater to health-conscious consumers looking for convenient ways to incorporate wellness into daily routines. The market also sees gums used in smoking cessation programs, providing an alternative to nicotine cravings. Distribution channels vary by application, with oral care gums often sold in pharmacies and functional gums in health stores, while confectionery gums are ubiquitous in retail outlets. This diversification in applications helps drive market resilience and expansion.

Regional Insights

The chewing gum market exhibits distinct regional dynamics, with North America and Europe representing mature markets characterized by high per capita consumption and a strong preference for sugar-free and functional gums. In North America, brands like Orbit and Trident lead, focusing on oral health benefits and innovation. Europe shows similar trends, with countries like Germany and the UK emphasizing sustainable and natural products. The Asia-Pacific region is the fastest-growing market, driven by rising disposable incomes, urbanization, and changing lifestyles. Countries such as China, India, and Japan are key contributors, with consumers increasingly adopting chewing gum for freshness and convenience. Latin America also shows growth potential, particularly in Brazil and Mexico, where traditional confectionery habits are evolving. The Middle East and Africa present opportunities due to growing youth populations and urbanization, though market penetration is still developing. Regional preferences influence flavor choices, with mint dominating in Western markets, while fruit flavors are popular in Asia and Latin America. Understanding these regional nuances is crucial for companies aiming to tailor products and marketing strategies effectively.

Company Insights

Leading companies in the chewing gum market include Mars Wrigley, Mondelez International, Perfetti Van Melle, and The Hershey Company. Mars Wrigley, with its extensive portfolio including Extra, Orbit, and Doublemint, dominates globally through innovation and strong distribution. The company focuses on sugar-free products and sustainability initiatives, such as recyclable packaging. Mondelez International leverages its Trident and Dentyne brands to emphasize oral health benefits and has expanded through acquisitions to strengthen its market position. Perfetti Van Melle is known for Mentos and Airheads, targeting younger demographics with fun flavors and marketing campaigns. The Hershey Company, though more prominent in chocolates, maintains a presence with Ice Breakers gums. Other notable players include Lotte Confectionery and Haribo, which cater to regional preferences with specialized products. These companies invest in research and development to introduce novel flavors and functional benefits, such as vitamins and minerals. Strategic partnerships, mergers, and acquisitions are common, enabling market expansion and portfolio diversification. Competitive strategies also include aggressive marketing, celebrity endorsements, and eco-friendly initiatives to enhance brand image and consumer loyalty.

Recent Developments

Recent developments in the chewing gum market reflect a focus on innovation, sustainability, and health trends. Major players have launched gums with functional benefits, such as Mars Wrigley's introduction of vitamins and minerals in certain lines, catering to wellness-oriented consumers. Mondelez International has expanded its sugar-free offerings and invested in recyclable packaging to address environmental concerns. Perfetti Van Melle has introduced biodegradable gum bases in some products, aligning with growing demand for sustainable options. There has been increased activity in mergers and acquisitions, such as Hershey's strategic shifts in gum assets to focus on core confectionery, while others acquire niche brands to enter new segments. Marketing strategies have evolved to include digital campaigns and social media engagement, targeting younger audiences with interactive content. Additionally, companies are exploring regional expansions, particularly in Asia-Pacific, through partnerships with local distributors. The COVID-19 pandemic influenced trends, with initial disruptions in supply chains followed by a surge in demand for oral care products as consumers prioritized health. These developments highlight the market's adaptability and commitment to meeting evolving consumer expectations through innovation and strategic growth initiatives.

Report Segmentation

This report on the chewing gum market provides a comprehensive analysis segmented by type, application, distribution channel, and region. The type segmentation includes sugar-free and sugar-containing gums, with detailed insights into sub-categories like functional gums and specialty flavors. Application segmentation covers breath freshening, oral care, confectionery, and functional benefits, examining consumer preferences and market trends for each. Distribution channel segmentation analyzes sales through supermarkets/hypermarkets, convenience stores, online retail, and specialty stores, highlighting shifting patterns and growth areas. Regional segmentation offers in-depth coverage of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, focusing on key countries and their unique market dynamics. Each segment is evaluated based on current trends, competitive landscape, and future potential, providing stakeholders with actionable intelligence. The report also includes profiles of major companies, their strategies, and market share, enabling readers to understand competitive positioning. This structured approach ensures a holistic view of the market, aiding businesses, investors, and professionals in making informed decisions regarding product development, marketing, and expansion strategies.

FAQs

What are the health benefits of chewing gum? Chewing sugar-free gum can stimulate saliva production, which helps neutralize acids in the mouth, reduce plaque, and prevent tooth decay. It may also aid in concentration and stress relief.

Which companies lead the chewing gum market? Mars Wrigley, Mondelez International, and Perfetti Van Melle are the dominant players, known for brands like Orbit, Trident, and Mentos.

Why is sugar-free gum popular? Sugar-free gum is favored due to growing health consciousness, as it offers sweetness without contributing to dental issues, often using alternatives like xylitol.

How is the chewing gum market evolving? The market is shifting towards functional gums with added vitamins, sustainable packaging, and natural ingredients to meet consumer demand for health and environmental responsibility.

Which regions have the highest chewing gum consumption? North America and Europe are mature markets with high consumption, while Asia-Pacific is rapidly growing due to urbanization and increasing disposable incomes.

Citius Research has developed a research report titled “Chewing gum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Chewing gum Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Chewing gum Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Chewing gum Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Chewing gum Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Chewing gum Market
• Research Methodology
• Executive Summary
• Market Dynamics of Chewing gum Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Chewing gum Market
• Cost and Gross Margin Analysis of Chewing gum Market
• Chewing gum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Chewing gum Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Chewing gum Market Key Stakeholders

Below are the key stakeholders for the Chewing gum Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Chewing gum Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Chewing gum Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Chewing gum Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Chewing gum Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Chewing gum Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Chewing gum Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Chewing gum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Chewing gum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Chewing gum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Chewing gum Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Chewing gum Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Chewing gum Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Chewing gum Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Chewing gum Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Chewing gum Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Chewing gum Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Chewing gum Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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