In this article, we take a look at the 10 biggest chewing gum companies in the world. You can skip our detailed analysis of the chewing gum industry and go directly to 5 Biggest Chewing Gum Companies in the World.
The global chewing gum market had a market size of $26 billion in 2021 and is projected to grow with a CAGR of 3% during the period 2022-2027, per the IMARC market research.
North America has both the biggest producer and consumer share of the gum industry at $5 billion as of 2019 and this share is projected to have a compounding annual growth of $7 billion for the 2022-2027 period.
Chewing Gum Sub-Industries
Different sub-industries within the larger gum industry however, have different dynamics. For instance, Research and Markets reported that nicotine gum saw a surge in demand during the pandemic presumably because of covid health risk to smokers. Fortune Business Insights valued the nicotine gum sub-industry at $1.49 billion in 2021. Their report projected its growth at a CAGR of 4.8% for the period 2022-2029, which would translate to a gain in share of over half a billion dollars.
The Research and Markets report further went on to say that sugary chewing gums are seeing a relative decline in demand which is being offset by healthier sugar-free gums. Mordor Intelligence forecasts a CAGR of 7.3% for the sugar-free chewing gum sub-industry for the 2022-2027 period, with Europe being its largest market and Asia-Pacific being the fastest growing market.
Overall, functional chewing gums — gums that serve a beneficial purpose — are rising higher in demand than non-functional gums as consumers become more health-conscious. The tooth-whitening gum industry holds more than 50% share of the functional gum market according to the Research and Markets report.
Most prominent corporations in the market include Wrigley Company, owned by Mars, Incorporated, Cadbury, owned by Mondelez International, Inc. (NASDAQ:MDLZ) and Lotte. Wrigley Company and Cadbury alone account for 60% of the global chewing gum market.
Some of the most popular chewing gums made by Wrigley Company and Mondelez-International-owned Cadbury include DoubleMint and Trident, respectively. In fact, DoubleMint has been the best-selling chewing gum in the world per Statista, with almost $100 million in sales for 2019.
These gum brands are easily available across the world in many flavors. Some of the most prominent platforms and stores where people can get their hands on these chewing gums include Amazon.com, Inc. (NASDAQ:AMZN), Walmart Inc. (NYSE:WMT) and Costco Wholesale Corporation (NASDAQ:COST).
Photo by Pete Alexopoulos on Unsplash
For our list of the 10 biggest chewing gum companies in the world, we’d be looking at their most recent revenues as the ranking metric. We’d also be discussing the scale of the companies in terms of their number of employees and presence across the world.
10. Tootsie Roll Industries, Inc. (NYSE:TR)
Annual Revenue: $570 million
Number of Hedge Fund Holders: 10
Tootsie Roll Industries, Inc. (NYSE:TR) is an American confectionery company headquartered in Chicago, Illinois. It manufactures candy, chewing gum and other edible items. Some prominent products in its catalog include Tootsie Roll, Tootsie Pop, Dubble Bubble, Charleston Chew, Sugar Daddy and Junior Mints.
The Dubble Bubble happens to be their signature chewing gum and currently has three variants: Raspberry flavored Snowballs, Dugout Gum Pouch and Bear shaped ‘Bearables’.
Tootsie Roll Industries, Inc. (NYSE:TR) employs over 2,000 people as of 2021 and had a revenue of $570 million for the same year. It operates all across North America and has distribution channels in more than 75 countries on top of that.
The company made $211 million in sales in Q3, 2022 which were up from $183 million it made in the same quarter of the previous year. The increase in sales was attributed to growing post-pandemic demand recovery and “effective” pre-Halloween sales program.
Addressing the issue of price increase for Tootsie products, Ellen Gordon, the CEO of Tootsie Roll Industries, Inc. (NYSE:TR), said that the prices had to be raised throughout 2021-2022 to compensate for the growing economic stagflation.
She also lamented that the increase in sales was offset for the most part by “significantly” high input costs due to growing prices of ingredients, packaging material and freight in the face of growing energy cost, commodity shortage and supply chain issues.
As of the third quarter of 2022, 10 hedge funds own a total equity of $21 million in Tootsie Roll Industries, Inc. (NYSE:TR). Renaissance Technologies alone accounts for $14 million worth of stock and is its leading shareholder.
9. Ezaki Glico Co., Ltd. (TOKYO:2206.T)
Annual Revenue: $2.42 billion
Ezaki Glico Co., Ltd. (2206.T), or simply Glico, is a Japanese multinational food manufacturer based in Osaka. Its brands of chewing gums include names like POs-Ca and KissMint. The former is a functional gum containing a Calcium salt of Phosphoryl Oligosaccharides, which is shown to aid in remineralization of enamel subsurface lesions.
Glico’s POs-Ca comes in three flavors; mint, lychee chamomile and grape. The company has also pioneered a number of environmentally-friendly ways to package gum. An example is its ‘Smart Pod’ which in addition to the chewing gums, contains a compartment in the lid where disposable papers are placed to be used for wrapping the chewed gum for disposal.
Coming to the company’s scale, Glico has a vast empire. It sells its products in over 30 countries and operates in more than 12, including in regions like North America, Asia-Pacific and Europe. As of 2021, the company employs over 5,000 people globally.
8. Perfetti Van Melle
Annual Revenue: $2.56 billion
Perfetti Van Melle is an Italian-Dutch chewing gum and candy company based in Italy and the Netherlands. Perfetti Van Melle is the result of a merger between Italian company Perfetti and Van Melle from the Netherlands. It is known for its Iconic ‘Mentos’ brand of candies and gums.
The global Mentos brand constitutes a variety of chewing gums with unique flavors like watermelon, spearmint, grape and cinnamon among others. Mentos also comes with functional sugar-free chewing gums for health-conscious consumers. The company sells many other regional brands of gum as well.
Perfetti Van Melle is one of the largest confectionery companies in the world with sales in over 150 countries. Perfetti Van Melle has 36 operating companies and 31 manufacturing facilities around the world. It employs close to 18,000 people as of 2022.
The company had generated $2.56 billion in net sales in 2021 with chewing gums accounting for 33% of its revenue. Its largest share of sales came from the region of Asia & Oceania at 39%, followed by the EU at 31%.
7. Meiji Holdings Co., Ltd. (TOKYO:2269.T)
Annual Revenue: $8.49 billion
Meiji Holdings Co., Ltd. (TOKYO:2269.T) is another Japanese multinational food conglomerate. It was founded in 1906 and owns some of the biggest confectionery manufacturers and chewing gum companies in the world as of 2022.
Meiji Holdings Co., Ltd. (TOKYO:2269.T) operates 32 companies around the globe and employs close to 18,000 people. It has three companies in the US, employing over 600 people. By far, its largest presence is in the Asia-Pacific region where it operates 25 companies.
It generated $8.49 billion in net sales in the fiscal year 2021. The company’s vision is to expand maximally in the foreign markets and to that effect in the period of 2020-21, it constructed a manufacturing plant in China to scale the sales of its SAVAS products in the Chinese market and further expanded in Europe through its partnership with Danone S.A. (PARIS:BN.PA).
When it comes to chewing gums, Meiji manufactures and sells a diverse range of brands through its various subsidiaries. These gums include Beware Three, Gabriele Chu Ramune, the Xylitol containing brand named Xylish. These come in different flavors. For instance, its Xylish brand alone constitutes flavors like grape, lemon, mint, muscat, blueberry and barbados cherry to name a few.
6. Lotte Corporation (KSE:004990.KS)
Annual Revenue: $8.63 billion
Lotte Corporation (KSE:004990.KS) is one of the biggest conglomerates in South Korea. It is involved in a diverse range of businesses including confectionery manufacturing, hotels, finance, chemicals, IT and entertainment among several others.
Lotte Corporation employs over 60,000 people and operates 90 business units worldwide. The company had an annual revenue of $8.6 billion for the year 2021.
It also owns several subsidiaries including Wedel, which it acquired from Kraft Foods in 2010. A significant chunk of Lotte’s business is concentrated in confectioneries, primarily including chewing gums, sold under the brand names of Fit’s, CoolMint, Green Gum and Spout among others.
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Disclosure: none. 10 Biggest Chewing Gum Companies in the World is originally published on Insider Monkey.
- 35% Wrigley Company (US)
- 26% Cadbury Trebor Bassett (UK)
- 14% Lotte (South Korea + Japan)
- 6% Perfetti Van Melle (Italy)
- 2% Hershey's (US)
Wrigley Company and Cadbury alone account for 60% of the global chewing gum market. Some of the most popular chewing gums made by Wrigley Company and Mondelez-International-owned Cadbury include DoubleMint and Trident, respectively.What are the major gum companies? ›
- Mars, Incorporated.
- Mondelēz International Inc.
- Perfetti Van Melle Group BV.
- Lotte Corporation.
- Grupo Arcor SA.
- The Hershey Company.
- GlaxoSmithKline PLC.
- British American Tobacco
Iranians the biggest chewers
Kantar's Global TGI research found that 82% of people in Iran and 79% of those in Saudi Arabia chew gum, compared to 59% in the US. “One reason behind this pattern could be because it is common practice to give customers chewing gum in place of small change,” said Kantar.
The New England settlers picked up this practice, and in 1848, John B. Curtis developed and sold the first commercial chewing gum called The State of Maine Pure Spruce Gum.What is the biggest gum company in the US? ›
Wrigley's is wholly owned by Mars, Incorporated, and, along with Mars chocolate bars and other candy products, makes up Mars Wrigley Confectionery. It is the largest manufacturer and marketer of chewing gum in the world.What is America's favorite gum? ›
|#1||Spearmint Wrigley's Extra||5 Calories|
|#2||Sugarfree Gum, Peppermint Wrigley's Extra||5 Calories|
|#3||Gum, Sugarfree, Cobalt 5||5 Calories|
|#4||Peppermint Cobalt Wrigley's 5||5 Calories|
The William Wrigley Jr. Company was founded in 1891 to sell soap and baking powder. It started packaging gum with its baking powder the following year and the company reorganized itself as the gum became more popular than the baking powder. The company was acquired by Mars in 2008 for $23 billion.What is the healthiest chewing gum? ›
If you're concerned about additives, choose a chew that uses all-natural ingredients, like Project 7 Naturally Sweetened Everest Peppermint Gum or Xylichew Peppermint Gum. And you can protect your teeth by selecting sugar-free gum options like Extra Polar Ice Gum, Dentyne Ice Arctic Chill Gum, or Pur Wintergreen Gum.What the most popular gum brand is in Mexico? ›
Canel's Mexican Gum
Canel's Chewing Gum is one of Mexico's leading gum brands. Canel's Chewing Gum Original is in a packet of 4 pieces of gum with 60 packs per box. Six different delicious flavours inside including Cinnamon, Peppermint, Spearmint, Tutti-Frutti, and Violet.
In the United States, European settlers picked up the habit of chewing spruce from Native Americans as far back as the 1600s. But it wasn't until 1848 that a New Englander named John B. Curtis started selling it commercially. His Maine Pure Spruce Gum, and its natural spruce taste, became enormously popular.How big is the US gum market? ›
The Gums (Chewing Gum and Bubble Gum) market in the U.S. is estimated at US$9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.Which country does not sell chewing gum? ›
The sale of chewing gum in Singapore has been illegal since 1992. Some motivations for the ban included stopping the placement of used chewing gum in inappropriate and costly places, such as the sensors of subway doors, inside lock cylinders, and on elevator buttons.Which country didn't use chewing gum? ›
Chewing Gum, Singapore
For those of you who love smacking on a piece of gum after a meal, you'll have to put your habits aside when travelling to Singapore. In this country, gum chewing has been banned since 1992.
According to data from Leatherhead Food Research, the US remains the top gum producing country and the largest global market in retail value sales. However, production is growing fast in Brazil and Mexico, while China is another climber.What is the most popular chewing gum in the US? ›
The longest gum wrapper chain is 32,555.68 m (106,810 ft), and was achieved by Gary Duschl (USA) in Virginia Beach.Who is the founder of chewing gum industry? ›
In the late 1840s, John Curtis developed the first commercial spruce tree gum by boiling resin, then cutting it into strips that were coated in cornstarch to prevent them from sticking together. By the early 1850s, Curtis had constructed the world's first chewing gum factory, in Portland, Maine.