The Global Functional Chewing Gum Market to Reach Revenues of $10 Billion During the Period 2018−2024- Market Research by Arizton

News provided by

May 21, 2019, 10:00 ET

CHICAGO, May 21, 2019 /PRNewswire/ -- According to Arizton's recent research report, the global functional chewing gum market Is expected to reach revenues of around $10 billionby 2024, growing at a CAGR of approximately 4.5% during 2018−2024.

Key Highlights Offered in the Report:

Nicotine chewing gums constitute the largest segment for functional chewing gums and is projected to grow at an absolute rate of 28.5% during the forecast period.
APAC is expected to be the fastest growing market, with China contributing more than 50% share in the region.
Online sales of chewing gums are likely to grow rapidly during the forecast period.
Increasing automationof the confectionery manufacturingmarket is likely to affect gum manufacturing. For example, Fertin Pharma,a Denmark-based gum manufacturer, has been developing robotic solution for manual gum production.
The demand for chewing gums with innovative functionalities, such as after party or hangover relieving, eyesight protecting, focus elevating properties, is rapidly growing in the market.

Key Offerings:

Market Size & Forecast by Revenue| 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation –A detailed analysis by product type, distribution, and geography.
Competitive Landscape – Profile of 5 key vendors and 19 othervendors.

Request your free sample today! https://www.arizton.com/market-reports/functional-chewing-gum-market-report-2024#!#requestsample

Functional Chewing Gum Market – Segmentation

The research report includes a detailed market segmentation by product type, distribution, and geography.

In 2018, nicotine gums were the largest segment, holding market share of around 32%, with the APAC region as the largest user base. This segment is expected to observe the highest incremental growth of over $700 million during the forecast period.
Online channel is expected to be the fastest-growing distribution channel, growing at a CAGR of over 20% during the forecast period.

Market Segmentation by Product Type

Nicotine Gum
Oral Health
Dietary Gum
Lifestyle

Market Segmentation by Distribution Channel

Online Channel
Offline Channel

Functional Chewing Gum Market– Dynamics

With increasing consumer consciousness about appearances in social gatherings, the demand for breath freshening and teeth whitening oral care products has grown rapidly in recent years.Studies suggest that chewing gums can provide several benefits,including pain relief and stave off hunger pangs.They also help to induce weight loss.

Key Drivers and Trends fueling Growth:

Growing Popularity of Smoking Cessation Therapy
Rising Demand for Slimming Chewing Gum and Sugarless Gum
Beneficial Effects on Reducing Anxiety & Increasing Alertness

Functional Chewing Gum Market –Geography

APAC is the largest market for functional chewing gum, accounting for over 40% share of the global functional chewing gum market in 2018.The rising number of diabetic patients is expected to drive the market for sugarless functional chewing gum in APAC.

Request your free sample today!https://www.arizton.com/market-reports/functional-chewing-gum-market-report-2024#!#requestsample

Market Segmentation by Geography

APAC

China
Japan
South Korea

North America

US
Canada

Europe

France
Germany
UK

Latin America

Brazil
Mexico

South Africa
UAE

Major Vendors:

Mars Incorporated
MONDELĒZ International Inc.
Perfetti Van Melle
Lotte
The Hershey's Company

Other vendors include Cloetta, Khloros Innovation, Lemon Pharma, Functional gums S.R.L, Ezaki Glico, Masterfoodah, Per Os Biosciences LLC, Meiji Holdings, Project 7, SmartGum LLC, Wugum, Fazer, Ragolds, Think Gum, Retrobrands USA LLC, Omega Pharma, GlaxoSmithKline, Cipla, and Fertin Pharma.

Explore our Health & Wellnessprofile to know more about the industry.

Read some of the top-selling reports:

About Arizton:

Arizton – Advisory and Intelligence is a premium and innovation-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Mail: [email protected]
Call: +1-312-235-2040
+1 302 469 0707

SOURCE Arizton Advisory & Intelligence