Worldwide Market for Gums to Exceed $15 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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Product innovation, in terms of ingredients, flavors, and packaging, has been the major driving factor for gums' market growth. Global market for gums is forecast to exceed US$15 billion by 2010, at a compounded annual growth rate of more than 3.5% during the period 2001-2010.

Gums: A Global Strategic Business Report

Wide distribution network, continuous product innovation, heavy advertising, and functional image, are expected to drive the gums market. North America and Europe are the leading markets, accounting for about 44% share for 2007, as stated in a recent report published by Global Industry Analysts, Inc. Quite evidently the best growth for gums market is likely to emanate from the developing regions such as Asia-Pacific and Latin America. Asia-Pacific is forecast to drive sales and record the fastest growth in respect to worldwide gums market with a compounded annual growth rate of about 5%.

With more than 80% share of worldwide sales, chewing gum market represents the largest and the fastest growing market. Japan represents the largest market for bubble gums and is projected to be over US$1.0 billion by 2010. The advent of sugar-free gum products revived the gum industry from a slow-growth phase. However, non-biodegradable nature of gum has slowed down the industry growth, with several nations contemplating prohibiting its usage for preventing litter. Consequently, manufacturers are engaged in developing biodegradable and medicated gums.

The report titled "Gums: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competition, product overview, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for major geographic markets such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America by the following product segments - chewing gum and bubble gum.

Key players dominating the global gums market include Cadbury Schweppes, Ferndale Confectionery, Haribo GmbH, The Hershey Company, Masterfoods USA, Perfetti Van Melle, The Wm. Wrigley Jr. Company, and Zed Gum.

For more details about this research report, please visit http://www.strategyr.com/Gums_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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