Consumer demand is expected to recover over the forecast period, thanks to the resolution of Wrigley’s supply issues by the end of the review period. Single-digit volume growth is projected for both bubble gum and chewing gum categories with a corresponding increase in unit prices.
Cadbury Plc (Mondelez International Inc) and Wrigley Jr Co, William (Mars Inc) are expected to maintain category leadership over the forecast period. This stronghold is supported by the lack of price competition, the absence of private label options and the availability of affordable and diverse offerings from these players.
The bubble gum category is expected to gradually lose share in the forecast period compared to chewing gum. The main obstacle to the development of bubble gum is the development of health concerns and bubble gum’s association with tooth decay.
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