(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 14, 2021, 01:53 /Comserve / -- The global functional chewing gum market is expected to cross $9 billion, growing impressively at a CAGR of 4.7% during 2016−2022.
The global functional chewing gum market is expected to cross $9 billion, growing impressively at a CAGR of 4.7% during 2016−2022. The demand for functional chewing gum that have added vitamins and energy supplements is increasing in the market. However, the consumption of overall sugared chew gums is declining across the world. The demand for functional chewing gum is expected to increase exponentially during the forecast period.
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Key Vendors
Cloetta
Khlôros Technologies
Lemon Pharma
Functional Gums s.r.l.
Ezaki Glico
Meiji Holdings
Orion Group
Project 7
Masterfoodeh Co
Mastix
Vitaball Inc.
WUGUM
Functional Chewing Gum Market: Key Vendor Analysis
The global functional chewing gum market is dominated by a few global chewing gum manufacturers such as Mars, Mondelez, and Perfetti, which are leading vendors across the globe. On the other hand, there are many specialized, niche vendors who cater to a particular region. Many functional gum manufacturers are based in developed countries of North America and Europe. The report profiles the leading vendors and provides a complete value chain analysis of the electronic shelf label market. Strength, strategies and opportunities of major companies are discussed in the report.
Functional Chewing Gum Market: Segmental Overview
The Nicotine gums segment is likely to be the largest segment
In terms of product type, the Nicotine gums segment is expected to have maximum contribution to the global market. These functional gums are getting more preference from the increased number of smokers who want to quit smoking. Also, the weight management gums are going to have the highest growth rate during the forecast period.
The revenue generated by the sale of functional chewing gum through physical stores or offline channels made up 93.14% of the market in 2016, clearly indicating that majority of consumers prefer to buy functional gum from physical stores. However, due to the growth of online retailing stores, the online channel is expected to post a high growth rate over the next five years.
Functional Chewing Gum Market: Geographical Analysis
APAC to constitute approximately 47% of the global market share
The market is dominated by APAC, followed by Europe and North America. The demand for lifestyle gum is expected to come more from North America and Europe than developing countries. The market in Latin America and MEA is also likely to get momentum. A chewing gum is considered as a fashion statement in the UAE, which is likely to impact the demand. Also, increasing health consciousness among people is expected to increase the demand for sugar-free chewing gum in the region.
Table of Content
1 Research Methodology
2 Research objectives
3 Research process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Application Type
4.3.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Currency Conversion rate
5.2 Market Derivation
Functional chewing gums have some added health benefits and ingredients that impart additional functions instead of traditional fresh-breathing function. Nicotine gums, oral health gums, weight management gums, and lifestyle gums are some of the most common types of functional chewing gum.
Request to Fill The Form To get Sample Copy of This Report:
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
The report provides a holistic view of the global market, the companies involved in the market, and the factors driving its growth. It also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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