Global Gum Sales To Exceed $38B By 2027

Sugar-free Gum

New York — Worldwide sales for chewing and bubble gum are anticipated to hit $38.6 billion in the coming seven years, representing a compound annual growth rate (CAGR) of 3.7 percent, according to Reportlinker.com.

From a segmented view, bubble gum sales are expected to grow 4 percent and reach $28.9 billion in the coming seven years, while chewing gum is anticipated to witness a 2.1 percent growth rate during the period, according to the market research company.

Through 2027, China is expected to outpace the overall market, with a CAGR of 6.8 percent. Canadian and German markets are expected to grow above 1 percent, while Japan gum sales are projected to tick up by nearly 3 percent during the forecast period, according to Reportlinker.com.