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Peru Chewing Gum Market Share, Trends, Growth, Forecast: 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
Peru Chewing Gum Market Outlook
The Peru chewing gum market size reached USD 67.13 million in 2023. The market is expected to grow at a CAGR of 4.6% between 2024 and 2032, reaching almost USD 101.09 million by 2032.
Key Takeaways
- According to the ITC Trade Data analysis, Peru imported USD 11.30 million worth of chewing gum accounting for 2,852 tons in 2023.
Chewing gum, a recreational food primarily enjoyed for its mastication properties, is evolving to meet consumer demands for functional benefits. Some gums tout teeth-cleaning properties, while others like nicotine gum aid in smoking cessation. Teeth-whitening gum leads sales, followed by nicotine variants. Composed of gum base, sweeteners, flavours, and colours, gum comes in various natural or synthetic flavours like peppermint and spearmint. Innovation in sugar-free varieties aligns with growing oral health concerns but faces challenges from health campaigns against gum. Future Peru chewing gum market growth hinges on informing consumers through packaging.
Chewing gum offers stress relief and impulse buying appeal, driven by dental health benefits. Sugar-free gum sees growth, addressing concerns over tooth decay and appealing to consumers' health consciousness.
For exporters like Peru targeting 2028 markets, Ecuador shows promise followed by Colombia, USA, Chile, and Spain. Despite overall import demand, the USA leads. The market thrives on impulse purchases and health-conscious trends, with sugar-free gum anticipated to grow due to rising disposable incomes.
Manufacturers cater to younger demographics with new flavours and packaging, adapting to shifting preferences. Functional gums, offering health benefits like improved memory and focus, smoking cessation, and oral health enhancement, are gaining popularity. They appeal to preventive healthcare enthusiasts and cater to diverse tastes, further driving market growth.
Innovation and expansion efforts by manufacturers, focusing on informative packaging and product benefits, are expected to sustain the upward trend in functional chewing gum sales, aligning with consumer preferences for health-conscious products while playing an important role in the Peru chewing gum market development.
Market Segmentation
Peru 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
Key players in the chewing gum market in Peru manufacture and offer products to support the end users in the market.
- Grupo Arcor
- Lheritier S.A
- Suifafood Co., Ltd.
- 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:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
|
| Market Dynamics |
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| 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 Peru Chewing Gum Market Overview
9.1 Key Industry Highlights
9.2 Peru Chewing Gum Historical Market (2018-2023)
9.3 Peru Chewing Gum Market Forecast (2024-2032)
10 Peru 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 Peru 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 Peru 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 Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Grupo Arcor
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 Lheritier 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 Suifafood Co., Ltd.
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 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. Peru Chewing Gum Market: Key Industry Highlights, 2018 and 2032
3. Peru Chewing Gum Historical Market: Breakup by Type (USD Million), 2018-2023
4. Peru Chewing Gum Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Peru Chewing Gum Historical Market: Breakup by Product Type (USD Million), 2018-2023
6. Peru Chewing Gum Market Forecast: Breakup by Product Type (USD Million), 2024-2032
7. Peru Chewing Gum Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
8. Peru 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. Peru Chewing Gum Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 67.13 million in 2023.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The chewing gum market is expected to reach USD 101.09 million in 2032.
The market is categorised according to its product type, which includes pellets, sticks/tabs, liquid filled gums, and others.
The key market players are Grupo Arcor, Lheritier S.A, Suifafood Co., Ltd., and others.
The market is driven by factors that include innovation and expansion efforts by manufacturers, focusing on informative packaging and product benefits, and increasing appeal to preventive healthcare enthusiasts and cater to diverse tastes, among others.
The market is categorised according to its distribution channel, which includes supermarkets and hypermarkets, convenience stores, online, and others.
According to Kantar's Global TGI research, chewing gum is notably popular in certain regions. In Iran, 82% of the population and in Saudi Arabia, 79% of the population engage in chewing gum, surpassing the 59% prevalence seen in the United States. These findings highlight varying levels of gum-chewing habits across different countries, reflecting cultural preferences and consumer behaviours.
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