1 Global Resins in Gum Base Market Size (Revenue) and CAGR (2024-2033)
Global Resins in Gum Base market generated revenue of USD 592.26 Million in 2024 with a CAGR of 5.53% during 2024 to 2033.
The current situation of the Resins in Gum Base market is characterized by a steady growth trajectory. The market has been expanding due to the increasing demand for chewing gum and bubble gum products, which are the primary applications of gum base resins. The global market value has been on an upward trend, with a CAGR of 5.53% from 2024 to 2033, as forecasted. North America and Asia Pacific are significant markets, with North America holding the largest share historically and Asia Pacific showing robust growth potential.
The market is also influenced by various factors such as consumer preferences for sugar-free chewing gum, which has become a mainstream product due to health concerns. This trend has positively impacted the demand for gum base resins. However, the market faces challenges such as competition from alternative confectionery products and the impact of online shopping on impulse purchases of chewing gum.
Figure Global Resins in Gum Base Market Size (M USD) Outlook (2024-2033)
2 Resins in Gum Base Emerging Market Trends
The market trend of resins in Gum Base industry is affected by its downstream products. Chewing gum and bubble gum have been popularized in most countries as cheap and convenient snack products. However, there is still a certain gap between emerging markets such as Mexico, Brazil and China and countries with high consumption such as the United States. In the future, manufacturers of chewing gum and its raw materials will also focus more on investment in emerging markets, and adjust product portfolio through innovation to help improve the company’s overall product strategy.
At present, consumers have higher and higher requirements for chewing gum. They have shifted from pursuing the diversity of tastes to additional functions such as tooth-building, moth-proofing, beauty, and social interaction. This shift has brought new market space, and has also given new companies Brands and new products have brought new development opportunities. With the growth of consumer demand in the future, chewing gum that contains no artificial ingredients, is more functional, and is allergen-free may continue to develop. This will also put forward higher requirements on the production process, production technology and raw materials of resins in Gum Base products.
3 Global Resins in Gum Base Market by Type in 2024
The global Resins in Gum Base market in 2024 was characterized by a diverse range of product types, each offering unique experiences and opportunities for players. The primary product types included Card and Board Games (CAG), Role-Playing Games (RPG), Sandbox Games, and Others.
In 2024, the Resins in Gum Base market was composed of various product types, each with distinct definitions and market characteristics. The main product types included Rosin Esters, Hydrogenated Rosin Esters, Polyterpenes, and Others. These product types played crucial roles in the formulation of gum base, providing different properties such as cohesion, strength, and texture.
Rosin Esters are derived from rosin, a solid form of resin obtained from pines and some other plants, mostly conifers. They are known for their good adhesion and elasticity, making them suitable for use in gum base. In 2024, Rosin Esters held a significant market share, accounting for a considerable portion of the total market value. The market size of Rosin Esters was substantial, reflecting their widespread use in the production of chewing gum and bubble gum.
Hydrogenated Rosin Esters are produced by the hydrogenation of rosin esters, which results in improved stability and resistance to oxidation. They offer enhanced performance in terms of shelf life and flavor retention. In 2024, Hydrogenated Rosin Esters also commanded a notable market share, with a market size that indicated their importance in the industry. The growth rate of Hydrogenated Rosin Esters was particularly impressive, suggesting a strong demand driven by the need for high-quality gum base with extended durability.
Polyterpenes are natural resins obtained from various sources, including plants and insects. They are valued for their natural origin and unique texture, which can add a special mouthfeel to gum products. In 2024, Polyterpenes had a stable market share, with a market size that was significant in the context of the overall gum base resin market. The growth rate of Polyterpenes was steady, indicating a consistent demand from manufacturers seeking natural and sustainable ingredients.
Among these product types, Hydrogenated Rosin Esters had the fastest growing rate in 2024. This growth can be attributed to the increasing demand for gum products with longer shelf lives and better flavor profiles. Manufacturers were particularly interested in Hydrogenated Rosin Esters due to their ability to enhance the overall quality and performance of gum base, making them a preferred choice for high-end gum products.
Table Global Resins in Gum Base Market Size and Share by Type in 2024
Product Type | Market Size (M USD) | Market Share (%) |
|---|---|---|
Rosin Esters | 123.61 | 20.87 |
Hydrogenated Rosin Esters | 218.87 | 36.96 |
Polyterpenes | 72.35 | 12.22 |
Others | 177.43 | 29.95 |
Total | 592.26 | 100.00 |
4 Global Resins in Gum Base Market by Application in 2024
The Resins in Gum Base market in 2024 was primarily applied in two major segments: Bubble Gum and Chewing Gum.
Bubble Gum is a type of gum designed specifically for blowing bubbles. It requires a gum base with high elasticity and strength to withstand the pressure of bubble formation. In 2024, Bubble Gum had a significant market share, with a market size that was considerable in the context of the total gum base resin market. The growth rate of Bubble Gum was steady, reflecting the consistent demand for this classic confectionery product. The market for Bubble Gum was driven by its nostalgic appeal and the fun element associated with blowing bubbles, making it a popular choice among children and adults alike.
Chewing Gum, on the other hand, is designed for prolonged chewing and is often used for various purposes such as freshening breath, reducing stress, and even as a delivery system for pharmaceuticals. In 2024, Chewing Gum had the largest market share, accounting for the majority of the total market value. The market size of Chewing Gum was substantial, indicating its widespread consumption and acceptance. The growth rate of Chewing Gum was also notable, driven by the increasing health consciousness of consumers and the innovation in product flavors and functionalities. Sugar-free chewing gum, in particular, gained significant traction due to its health benefits, further boosting the market size and share of Chewing Gum.
In 2024, the Chewing Gum application had the biggest market share, making it the dominant segment in the Resins in Gum Base market. This dominance was due to the versatility of chewing gum and its ability to cater to a wide range of consumer needs, from a simple snack to a functional product. The fastest growing rate was observed in the Chewing Gum segment, which can be attributed to the continuous innovation in product offerings and the growing awareness of oral health benefits associated with chewing gum.
Table Global Resins in Gum Base Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Bubble Gum | 97.28 | 16.43 |
Chewing Gum | 494.98 | 83.57 |
Total | 592.26 | 100.00 |
5 Global Resins in Gum Base Market by Region in 2024
In 2024, the global Resins in Gum Base market was distributed across several major regions, each contributing uniquely to the overall market dynamics. North America, Europe, Asia Pacific, South America, and the Middle East & Africa were the key regions analyzed in the report.
North America has historically been a significant market for Resins in Gum Base, driven by a well-established confectionery industry and high consumer demand for gum products. In 2024, this region maintained its position as a major market, with a substantial market size and a significant share of the global revenue. The United States, in particular, was a dominant force within this region, contributing the majority of the market value. The growth rate in North America was steady, reflecting the mature nature of the market and the consistent demand for high-quality gum base resins.
Europe was another key region, known for its diverse confectionery market and strong presence of international gum manufacturers. In 2024, Europe held a considerable market share, with Germany being a standout market within the region. The growth rate in Europe was influenced by various factors, including economic conditions and consumer preferences. Despite facing some challenges due to economic fluctuations, Europe remained a robust market for Resins in Gum Base, with a focus on innovation and product quality.
Asia Pacific emerged as a dynamic region in the Resins in Gum Base market. With a rapidly growing economy and increasing disposable incomes, the demand for gum products in this region was on the rise. China and India were the leading markets within Asia Pacific, contributing significantly to the regional market size. In 2024, Asia Pacific showed a strong growth rate, driven by expanding consumer markets and the entry of new players into the gum industry. The region’s market share was growing, indicating its increasing importance in the global Resins in Gum Base market.
South America had a smaller but notable market size for Resins in Gum Base. Brazil was the largest market within this region, with a significant contribution to the regional revenue. The growth rate in South America was influenced by economic conditions and consumer trends. In 2024, the region showed a moderate growth rate, with potential for further expansion as the economy stabilizes and consumer demand increases.
Middle East & Africa was a region with a growing market size for Resins in Gum Base. The United Arab Emirates and South Africa were key markets within this region. The growth rate in 2024 was relatively high, driven by increasing urbanization and a growing middle class with disposable income to spend on confectionery products. The region’s market share was growing, indicating its emerging importance in the global market.
Among these regions, Asia Pacific was identified as the fastest-growing region in 2024, with a significant increase in market size and share. This growth was attributed to the region’s economic expansion, increasing population, and rising consumer demand for gum products. The region’s dynamic market environment and potential for further growth made it a focal point for industry players.
Table Global Resins in Gum Base Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share (%) |
|---|---|---|
North America | 207.97 | 35.12 |
Europe | 155.01 | 26.17 |
Asia Pacific | 185.30 | 31.29 |
South America | 25.55 | 4.31 |
Middle East & Africa | 18.43 | 3.11 |
Total | 592.26 | 100.00 |
Figure Global Resins in Gum Base Revenue Market Share by Region in 2024
6 Global Resins in Gum Base Market Top 3 Players
Company Introduction and Business Overview: Wrigley, a subsidiary of Mars Incorporated, is a globally recognized leader in the confectionery industry. Established in 1891 and headquartered in the United States, Wrigley has a worldwide business distribution. The company is known for its extensive range of products, including chewing gum, mints, hard candies, and lollipops. Wrigley’s chewing gum products are particularly famous, with brands such as Doublemint and Juicy Fruit being household names.
Products Offered: Wrigley offers a variety of gum base resins that are used in the production of its high-quality chewing gum products. These resins are designed to provide the perfect balance of chewiness, flavor release, and longevity, ensuring that Wrigley’s gum products remain a favorite among consumers.
Revenue in 2020: Wrigley’s revenue from the Resins in Gum Base segment was about 97.29 M USD, reflecting its dominant position in the market. The company’s strong brand recognition and extensive distribution network contributed to its robust financial performance.
Company Introduction and Business Overview: Mondelēz International, formerly known as Kraft Foods Inc., is a leading global snacking company. Established in 2012 and headquartered in the United States, Mondelēz has a worldwide presence and is known for its diverse portfolio of snack foods, including biscuits, chocolate, gum, candy, and cheese. The company’s gum products are marketed under several well-known brands, making it a significant player in the gum industry.
Products Offered: Mondelēz International offers a range of gum base resins that are used in the production of its chewing gum and bubble gum products. These resins are formulated to meet the highest standards of quality and performance, ensuring that Mondelēz’s gum products offer a great taste and texture.
Revenue in 2020: In 2020, Mondelēz International reported a substantial revenue from the Resins in Gum Base segment. The company’s innovative product offerings and strong market position contributed to its financial success, maintaining its status as one of the top players in the market.
Company Introduction and Business Overview: Lotte, a multinational conglomerate headquartered in Japan and South Korea, is a major player in the confectionery and food industry. Established in 1948, Lotte has a global business distribution and is known for its diverse product range, including chewing gum, candy, chocolate, and more. The company’s chewing gum products are particularly popular in Asia and other regions, with a strong focus on quality and innovation.
Products Offered: Lotte offers a selection of gum base resins that are used in the production of its chewing gum and bubble gum products. These resins are designed to provide a unique chewing experience, with a focus on flavor and texture. Lotte’s commitment to innovation ensures that its gum products stand out in the market.
Revenue in 2020: Lotte reported a notable revenue from the Resins in Gum Base segment. The company’s strong brand presence and innovative product development strategies contributed to its financial performance, solidifying its position as a key competitor in the market.
Table Global Resins in Gum Base Revenue of Top3 Players in 2020
Company | 2020 |
Wrigley | 97.29 |
Mondelēz International | 48.61 |
Lotte | 27.75 |