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Mints Market 2019 dynamics (drivers, restraints, opportunities), plans, Competitive Landscape and Growth by Forecast to 2023

Mints

360 Research Reports offers the latest published report on “Global Mints Market – Segmented by Product Type, Distribution Channel and Geography – Growth, Trends, and Forecast (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.

Global Mints Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align Mints market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.

Mints Market Segmentation by Major Players:

Mondel?z International, Inc., Nestlé SA, Procter & Gamble Co., Perfetti Van Melle, Ricola Ltd, Wm. Wrigley Jr. Company, Herbion International Inc., The Hershey Company, Ferrero SpA

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Overview of Mints Market Report:

The global mints market is expected to reach USD 7.76 billion by 2023 registering a healthy CAGR during the forecast period. The global mints sale recorded a decline in the past five years. About 397million Kg of mints consumed in 2016, which is growing at a stable growth.

Rising sugar-free chewing gum sale possess a healthy competition to mint market in the recent year with the introduction of hybrid products composed of mint and gum. Consumer preference for mint remains high as compared to chewing gum due to its oral benefit and low sugar content. Innovation in products with various flavors drives the mint consumption pattern. Impulse purchase, convenient pack, innovation in products has fueled the mints market growth.

Clean Label Ingredient Boost Sales

Poor gum performance in developed countries such as US and UK in the past few years gave space for mint products to grow. Ingredient list, such as bulk sweetener, aspartame, acesulfame K, and emulsifiers on gum label, which contains very few natural ingredients. Consumer preference for simple ingredients on product label has fueled the mint market growth. Power mints like Altoids and Ice Breakers not necessarily contain natural components but have fewer ingredients.
Convenient and attractive packaging such as flip-flop pack, sliding door type packaging led to rising in mint demand. Sugar-free gums, such as Hershey Ice Cube gum, Doublemint, and Wrigley Mints have performed quite well in the market. Increasing demand for single pack size and product innovation in the unique format is potential mints market opportunity to drive the sale. As mints consumption pattern primarily driven by impulse purchasing which offer an opportunity for product packaging.

North America Changing Taste to Mint

Chewing gum consumption pattern has changed significantly in the US with the tooth decay problem and artificial ingredients in gum. Despite the increased sugar-free gum market, gum infused with vitamins, the gum sale growing at negligible growth rate. Mint demand in the region rose by double-digit growth rate over the past five years. Powered mint sale, such as Altoids that contains intensely flavored breath-freshening mints recorded strong growth rate than standard mint products, such as Ice Breakers and Mentos in the region. Incorporation of naturally flavored ingredients in mint is the future mints market opportunity. Asia-Pacific is another potential region to tap for companies. For instance, the mint market size in India is only 3% of the total confectionery market. Large headspace to grow coupled with growing consumption is attracting companies to invest.

Key Developments

• April 2019 – The Hershey Co. introduced a first-of-its-kind glitter gum under its Ice Breakers brand. The product is available in cherry snow cone flavor with added glittery flair to push their swagger over-the-top. Ice breaker is one of the innovative product with a combination of mint and gum
The global mints market is competitive with large number of multinational player competing for market share. New product innovation with attractive packaging is the main strategy adopted by players.

Major players include – NESTLÉ S.A, MONDEL?Z INTERNATIONAL, INC., PERFETTI VAN MELLE, amongst others.

Inquire more or share questions if any for this Report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13102565    

Reasons to Purchase this Report:

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
  • Distribution Channel sales Analysis by Value
  • Competitive landscape involving the market share of major players along with the new product launch and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet in excel

    Order a copy of Mints Market Report 2019 @ https://www.360researchreports.com/purchase/13102565

    Important factors that are mentioned in the Mints Market report 2023…

    Key Market Dynamics:  The Global Mints Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.

    Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.

    Key Market Highlights:  The report gives us an in-depth Market analysis on some of the Mints Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.

    Potential Customers: The Mints Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the Mints market.

     “We also can offer a customized report to fulfill the special requirements of our clients. Regional and Countries report can be provided as well.”

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  • Elmer Sanders

    An Electronic engineer specialized in Tele Communications- Elmer Sanders leads the TeleCommunications column at DEXGazette. Previously, Elmer has served as a writer at many organizations. His functional areas include writing news and proofreading. Elmer loves helping his team members with gathering information, understanding technical terms, writing informative stories, and proofreading. He has experience of writing on various subjects akin to business, technology, energy, environment, etc.

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