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Argentina Chewing Gum Market Size, Share, Growth, Analysis: By Type: Sugar-Free Chewing Gums, Sugared Chewing Gums; By Product Type: Pellets, Sticks/Tabs, Liquid Filled Gums, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Others; Market Dynamics; Competitive Landscape; 2024-2032
Argentina Chewing Gum Market Outlook
The Argentina chewing gum market size was valued at USD 175.71 million in 2023. The market is further projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a value of USD 239.21 million by 2032.
Key Takeaways
- According to industry reports, Argentina has the highest per capita income in South America, and Argentines spend more than 30 percent of their incomes on food.
- One of the main drivers of the market is the growing demand for sugar-free chewing gum, which is being driven by the increasing awareness of the health benefits of sugar-free products.
- There are currently over thirty gum factories in Argentina, most of which are found in the Buenos Aires province.
- Some of the key brands manufacturing gums include Mars, Incorporated, Ferrero International S.A., Grupo Arcor, and Suifafood Co., Ltd.
Major trends driving the development of the Argentina chewing gum market include a significant emphasis on functional chewing gums, which offer additional benefits beyond traditional gum consumption, such as aiding in smoking cessation efforts. Additionally, the growing middle-class population, along with favourable trade policies and investments in advanced manufacturing, are contributing to the increasing popularity of functional chewing gums in that market. Another significant driver guiding Argentina chewing gum market growth is the emphasis on oral health and the preference for chewing gums with plant-based ingredients, such as mint.
The market for sugar-free chewing gum is also experiencing strong growth, driven by the massive sugar-free trend and the rising fitness concerns of consumers. This trend is expected to continue, with sugar-free chewing gum likely to hold a larger Argentina chewing gum market share in the future. In terms of distribution channels, convenience stores are anticipated to be the leading purchasing channel for chewing gum, due to their easy accessibility. However, hypermarkets and supermarkets are also gaining traction, as they offer numerous bundling schemes and discounts.
More than 3,000 people work in the Argentine gum industry, which produces more than 100,000 tons of pellet, liquid, and stick chewing gums annually. Stick or tab chewing gums are the most common type of gum and are often found in convenience stores, supermarkets, and other retail outlets. They are easy to chew and come in a variety of flavours, such as mint, fruit, and spice. Brands such as "Wrigley's" and "Trident" are popular stick/tab gums in Argentina. Meanwhile, liquid-filled gums are a relatively new type of gum that contains a liquid centre. They are often marketed as a more exciting and flavourful alternative to traditional gum. The Argentine brand "Chicles Beldent" offers a line of liquid-filled gums that are popular among consumers.
Market Segmentation
Argentina Chewing Gum Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Sugar-Free Chewing Gums
- Unflavoured
- Flavoured
- Sugared Chewing Gums
- Unflavoured
- Flavoured
Market Breakup by Product Type
- Pellets
- Sticks/Tabs
- Liquid Filled Gums
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Competitive Landscape
Market players are focused on providing functional chewing gums that offer additional benefits such as oral health, energy, and relaxation.
- Mars, Incorporated
- Ferrero International S.A.
- Grupo Arcor
- Suifafood Co., Ltd.
- Lheritier S.A
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Chewing Gum Market Overview
8.1 Key Industry Highlights
8.2 Latin America Chewing Gum Historical Market (2018-2023)
8.3 Latin America Chewing Gum Market Forecast (2024-2032)
9 Argentina Chewing Gum Market Overview
9.1 Key Industry Highlights
9.2 Argentina Chewing Gum Historical Market (2018-2023)
9.3 Argentina Chewing Gum Market Forecast (2024-2032)
10 Argentina Chewing Gum Market by Type
10.1 Sugar-Free Chewing Gums
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Unflavoured
10.1.3.2 Flavoured
10.2 Sugared Chewing Gums
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Unflavoured
10.2.3.2 Flavoured
11 Argentina Chewing Gum Market by Product Type
11.1 Pellets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Sticks/Tabs
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Liquid Filled Gums
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Argentina Chewing Gum Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 170410)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mars, Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ferrero International S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Grupo Arcor
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Suifafood Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lheritier S.A
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Chewing Gum Market: Key Industry Highlights, 2018 and 2032
2. Argentina Chewing Gum Market: Key Industry Highlights, 2018 and 2032
3. Argentina Chewing Gum Historical Market: Breakup by Type (USD Million), 2018-2023
4. Argentina Chewing Gum Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Argentina Chewing Gum Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Argentina Chewing Gum Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Argentina Chewing Gum Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Argentina Chewing Gum Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Argentina Chewing Gum Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 175.71 million.
The market is expected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 239.21 million by 2032.
The market is being driven due to increasing demand for functional chewing gums, easy availability on convenience stores, and the preference for natural, high-quality products.
Key trends aiding the market expansion include rising demand for sugar-free chewing gum, emphasis on oral health, and increasing innovation in packaging formats.
Based on product type, the market segmentations include pellets, sticks/tabs, and liquid filled gums, among others.
Sugar-free and sugared chewing gums are considered in the report.
Key players in the market are Mars, Incorporated, Ferrero International S.A., Grupo Arcor, Suifafood Co., Ltd., and Lheritier S.A., among others.
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