The functional chewing gum market is expected to grow by USD 2.06 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the functional chewing gum market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
Download: Analysis on Functional Chewing Gum Market Opportunity
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The functional chewing gum market will witness Positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to Increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Related Report on Consumer Staples Industry:
Gum Market by Product, Type, and Geography - Forecast and Analysis 2020-2024
Major Three Functional Chewing Gum Market Participants:
AB Natural Base SA CV
AB Natural Base SA CV offers gum base for making natural chewing gum.
FITGUM
FITGUM offers functional chewing gum under the brand name FITGUM. It is a dietary supplement containing green tea, citrus extract, chromium chloride, black pepper extract, hawthorn berry and other ingredients.
Gumlink Confectionery Company AS
Gumlink Confectionery Company AS offers chewing gum, mints and candy. The company also offers compressed gum.
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Functional Chewing Gum Market 2021-2025: Segmentation
Functional chewing gum market is segmented as below:
- Product
- Oral Health Gum
- Nicotine Gum
- Weight Gum
- Lifestyle Gum
- Geography
- APAC
- Europe
- North America
- MEA
- South America
The functional chewing gum market is driven by increasing demand for nicotine gum in smoking cessation therapy. In addition, growing awareness about the benefits of functional chewing gum is also expected to trigger the functional chewing gum market toward witnessing a CAGR of over 4% during the forecast period.
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Report: https://www.technavio.com/talk-to-us?report=IRTNTR44316
SOURCE Technavio
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