Functional Chewing Gum Market - Global Outlook and Forecast 2019-2024

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24 company

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GLOBAL FUNCTIONAL CHEWING GUM MARKET SIZE WILL REACH USD 10 BILLION BY 2024, GROWING AT A CAGR OF 4.5% DURING THE FORECAST PERIOD

Functional Chewing Gum Market Size, Share, & Trends Analysis Report by Products (Nicotine, Oral, Dietary, and Lifestyle), Distribution Channels (Online and Offline), and Geography (North America, Europe, Latin America, Middle East & Africa, and APAC), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019–2024
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Functional Chewing Gum Market Research Report

REPORT ATTRIBUTEDETAILS
MARKET SIZE (REVENUE)USD 10 BILLION (2024)
CAGR4.5% (2019-2024)
Base Year2018
Forecast Year2019-2024
Market SegmentsProducts (Nicotine, Oral, Dietary, and Lifestyle), Distribution Channels (Online and Offline)
Geographic AnalysisNorth America, Europe, Latin America, Middle East & Africa, and APAC
Countries CoveredChina, Japan, South Korea, US, Canada, Germany, UK, France, Brazil, Mexico, UAE, and South Africa
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INDUSTRY ANALYSIS

The functional chewing gum market is likely to reach around USD 10 billion by 2024, growing at a CAGR of 4.5% during 2018–2024. Chewing gums have long been considered as enjoyable fun snacks. However, over the period, they have developed some medicinal properties as well. The functional chewing gum market consists of nicotine gums, oral care gums, dietary supplements, etc. Chewing gums are also known for several health benefits from pain relief to stave off hunger pains. They also encourage weight loss by being substitutes for eatables. The functional chewing gum market has gained prominence in the health industry in the last few decades. A chewing gum acts as a drug delivery agent, which can be consumed with or without water.

Further, it can be directly absorbed by the oral mucosa, without passing through the gastrointestinal tract. It can be extremely beneficial for the patients with recent gastrointestinal surgery and in need of faster absorption of the drug. Further, an Alabama-based volatile analysis has developed a chewing gum, which can detect lung cancers, breast cancers, and pancreatic cancers.

Nowadays, vendors are introducing several innovative chewing gums with functional benefits such as energy gums, tooth whitening gums, sleep gums, weight reducing gums, and focus gums. Further, they are emphasizing on the manufacturing and packaging process by using automation and robotics. For instance, Fertin, a Denmark-based Pharma, developed robotic solutions for manual production processes. Such automation technologies will help to reduce labor costs and maintain consistency, quality, and hygiene.

MARKET DYNAMICS

Lotte has introduced a functional chewing gum with memory-enhancing properties.

The functional chewing gum market is undergoing several modifications. The growing popularity of smoking cessation therapy, the increasing demand for sliming chewing gum, growing innovations, and increasing demand for sugarless gum have affected the industry globally. Nowadays, chewing gums are not used only as breath freshening agents. Manufacturers are trying to add unique properties to their gums. For instance, WUGUM has introduced a variety of functional chewing gums that consist of Vitamin C, E, D3, Lycopene, and Beta carotene that help in speeding up the tanning process. Similarly, Lotte has also introduced a functional chewing gum with memory-enhancing properties.

Anti-aging, cholesterol-lowering, acne treatment, menopause gum, cellulite treatment, and breast enlargements are other benefits of medical chewing gums. Thus, such innovations are likely to add medicinal values to chewing gums, thereby increasing health benefits for consumers. This will further help to increase the demand for functional chewing gum during the forecast period.

FUNCTIONAL CHEWING GUM MARKET SEGMENTATION

This research report includes detailed segmentation by

  • Product
  • Distribution Channel
  • Geography

PRODUCT SEGMENTATION

The rising health awareness among smokers has boosted the growth of the nicotine gums market.

The functional chewing gum market by products can be segmented into nicotine, oral, dietary, and lifestyle. Nicotine gums are the largest segment and are expected to grow at a CAGR of 4.27% during the forecast period. The rising health awareness among smokers has boosted the growth market of nicotine gums. Hence, the growing use of cigarette substitutes is expected to affect the sale of nicotine during the forecast period. Geographically, APAC accounts for the largest share of around 50% of the nicotine segment and is expected to grow at a faster rate during the forecast period.

Chewing gums with oral health properties are the second largest segment of the functional chewing gum market. The increasing consumer consciousness about appearances in social gatherings has fueled the demand for teeth whitening oral care products, which are likely to affect the functional chewing gum market in the coming years. Further, several global chewing gum brands have introduced functional chewing gums with added oral health benefits such as Orbit, Airwaves, Doublemint, Trident, Vivident, and Happydent White. CONFADENT Oral Technology has introduced functional chewing gum for oral care, helping whitening teeth, preventing plaque and gingivitis, and freshening breath.

The consumption of chewing gums has a huge impact on daily routines. It helps in eliciting psychological stress response and indirectly enhancing cognitive performance. Chewing gums also increase blood flow and improve alertness and brain activities. For instance, Vitale XD has introduced several stress-relieving functional chewing gums.

Chewing gums can also help to sustain a healthy lifestyle. The rising health awareness and the shift toward the consumption of low-calorie diets have revolutionized the functional chewing gum market. Chewing gums help to satisfy food cravings without indulging in unhealthy snacking habits. Thus, they can facilitate managing weight by controlling appetite and cravings for snacks, thereby decreasing the calorie intake.

DISTRIBUTION CHANNELS SEGMENTATION

The online channel is expected to be the fastest-growing distribution channel, growing at a CAGR of 22% during the forecast period. 

The functional chewing gum market by distribution can be segmented into offline and online. The offline segment captured more than one-third of the market in 2018, and it is expected to grow at a CAGR of 3% during the forecast period. Offline distribution channels include supermarkets, hypermarkets, retail stores, pharmacy, and medical stores. Supermarkets and hypermarkets dominated the offline sales segment and have captured nearly around half of the market. Supermarkets and hypermarkets provide multiple options under one roof at discounted prices, adding momentum in the functional chewing gum market. Walmart, Whole Foods Market, Costco, and Kroger are the major retailers of functional chewing gums in North America. Auchan, Tesco, Carrefour, and Argos are the major sellers of functional chewing gums in Europe.

With the penetration of the internet and smartphones, the online functional chewing gum segment is gaining prominence. The online channel segment is expected to be the fastest-growing distribution channel during the forecast period and is likely to grow at a CAGR of 22.10%. Chewing gums have been part of the impulsive purchase for consumers for years now. However, with the rising trend of online shopping, the impulsive purchasing of chewing gum is declining significantly. Manufacturers are focused on increasing the online sale of chewing gums by implementing several online marketing strategies.

GEOGRAPHIC INSIGHTS AND ANALYSIS

APAC dominated the market in 2018 and captured nearly half of the market share

The functional chewing gum market by geography can be segmented into North America, Europe, Latin America, MEA, and APAC. APAC dominated the segment in 2018 and captured nearly half of the market. Also, lifestyle gums are expected to grow at a CAGR of 6% during the forecast period. Factors such as the presence of a large proportion of youth population, high prevalence of smoking habits among adults, and increased health awareness are driving the functional chewing gum market. Further, the increasing health consciousness has fueled the demand for anti-hunger, diet, and fat-burning functional chewing gums, thereby expecting an increase in the functional chewing gum market during the forecast period.

The functional chewing gum market in Europe and North America has been growing consistently. This could be attributed to increasing health awareness among consumers. Also, manufacturers are introducing gum with additional health beneficial ingredients such as sugarless gums. For instance, Fertin, a Denmark-based manufacturer, has introduced functional gum, which consists of vitamin C, zinc, and Echinacea that prevents the common cold.

KEY VENDOR ANALYSIS

The functional chewing gum market is highly fragmented with the presence of a large number of local and global players. Market vendors compete in terms of product quality, new products, and competitive pricing. The competition is expected to intensify further during the forecast period with an increase in product innovations.

The Functional Chewing Gum market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Products

  • Nicotine
  • Oral
  • Dietary
  • Lifestyle

By Distribution

  • Online
  • Offline

By Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • South Africa
  • APAC
    • China
    • Japan
    • South Korea

SNAPSHOT

The functional chewing gum market is likely to reach around $10 billion by 2024, growing at a CAGR of approximately 4.5% during 2019–2024.

The growing popularity of smoking cessation therapy, the rising demand for sliming chewing gums, increasing innovations in gum manufacturing, the increasing demand for sugarless gums, and innovative marketing strategies by vendors are expected to uplift the functional chewing gum market during the forecast period.

Base Year:         2018

Forecast Year:   2019–2024

The study considers the present scenario of the functional chewing gum market and its market dynamics for the period 2019−2024. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the functional chewing gum market.

Prominent Vendors

  • Mars Incorporated
    • Business Overview
    • Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • MONDELĒZ International Inc.
  • Perfetti Van Melle
  • Lotte
  • The Hershey’s Company

Other Prominent Vendors

  • Cloetta
    • Business Overview
  • Khloros
  • Lemon Pharma
  • Functional gums S.R.L
  • Ezaki Glico
  • Masterfoodah
  • Per Os Bio
  • Meiji Holdings,
  • Project 7
  • SmartGum
  • Wugum
  • Ragolds
  • Think gum
  • Retrobrands USA LLC
  • Omega Pharma
  • GlaxoSmithKline
  • Cipla
  • Fazer
  • Fertin Pharma

Market Segmentation by Products

  • Nicotine
  • Oral
  • Dietary
  • Lifestyle

Market Segmentation by Distribution

  • Online
  • Offline

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • South Africa
  • APAC
    • China
    • Japan
    • South Korea

 

Frequently Asked Questions

Whats is the global functional chewing market size and growth rate?

The global functional chewing gum market size will reach $10 billion by 2024, growing at a CAGR of approximately 4.5% during 2019–2024.

Which segment holds the largest market share in 2019?

Nicotine gums are the largest segment and are expected to grow at a CAGR of 4.27% during the forecast period.

How is the demand for functional chewing gum in Asia?

The APAC dominated the market in 2019 and captured nearly half of the market. Also, lifestyle gums are expected to grow at a CAGR of 6% during the forecast period.

Who are the major vendors in the functional chewing gum market?

Mars Incorporated, MONDELĒZ International Inc., Perfetti Van Melle, Lotte, and The Hershey’s Company are the leading vendors in the market.

List of Exhibits 

Exhibit 1               Segmentation of Global Functional Chewing Gum Market

Exhibit 2               Market Size Calculation Approach 2018

Exhibit 3               Global Functional Chewing Gum Market 2018 ($ million)

Exhibit 4               Global Market Overview

Exhibit 5               Key Customer Preferences for Purchasing Functional Chewing Gum

Exhibit 6               Impact of Growing Popularity of Smoking Cessation Therapy

Exhibit 7               Impact of Beneficial Effects on Reducing Anxiety & Increasing Alertness

Exhibit 8               Prevalence of Anxiety Disorders by Regions 2015 (millions)

Exhibit 9               Impact of Rising Demand for Slimming Chewing Gum

Exhibit 10             Global Obesity Rate by Regions 2000−2014 (% of the population)

Exhibit 11             Global Obesity and Overweight Population

Exhibit 12             Impact of Health Issues Arising from Overconsumption of Chewing Gum

Exhibit 13             Impact of Lack of Regulations

Exhibit 14             Impact of Internet & Smartphones Affecting Consumer Behavior

Exhibit 15             Factors Causing Declining Chewing Gum Sales

Exhibit 16             Impact of Rising Number of Innovative Products

Exhibit 17             Impact of Increasing Demand for Sugarless Gum

Exhibit 18             Impacts of Using Sugar-free Gum for 20 Minutes after Meal

Exhibit 19             Impact of Innovative Marketing Strategies

Exhibit 20             Global Functional Chewing Gum Market 2018−2024 ($ million)

Exhibit 21             Five Forces Analysis 2018

Exhibit 22             Incremental Growth by Product Type 2018−2024

Exhibit 23             Global Functional Chewing Gum Market by Product Type

Exhibit 24             Global Nicotine Functional Gum Market 2018−2024 ($ million)

Exhibit 25             Global Nicotine Functional Gum Market - Geographic Overview

Exhibit 26             Dental Expenditure in US 2010−2016 ($ billion)

Exhibit 27             Global Oral Functional Chewing Gum Market 2018−2024 ($ million)

Exhibit 28             Global Oral Gum Market - Geographic Overview

Exhibit 29             Global Dietary Chewing Gum Market 2018−2024 ($ million)

Exhibit 30             Global Dietary Gum Market - Geographic Overview

Exhibit 31             Global Anxiety and Depression Prevalence by Geography 2015 (million)

Exhibit 32             Global Lifestyle Functional Chewing Gum Market 2018−2024 ($ million)

Exhibit 33             Global Lifestyle Functional Chewing Gum Market - Geographic Overview

Exhibit 34             Incremental Growth by Distribution Channel 2018−2024

Exhibit 35             Global Functional Chewing Gum Market by Distribution Channel Overview

Exhibit 36             Global Online Functional Chewing Gum Market 2018−2024 ($ million)

Exhibit 37             Global Online Functional Chewing Gum Geographic Overview 2018−2024 ($ million)

Exhibit 38             Global Offline Functional Chewing Gum Market by Segments 2018

Exhibit 39             Global Offline Chewing Gum Market 2018−2024 ($ million)

Exhibit 40             Global Offline Functiona Gum Market 2018 ($ million)

Exhibit 41             Global Offline Functional Gum Market - Geographic Overview

Exhibit 42             Incremental Growth by Geography 2018−2024

Exhibit 43             Global Functional Chewing Gum Market Overview by Geography

Exhibit 44             Global Functional Chewing Gum Market Share by Geography 2018−2024 (%)

Exhibit 45             Functional Chewing Gum Market in APAC Overview 2018

Exhibit 46             Functional Chewing Gum Market in APAC 2018−2024 ($ million)

Exhibit 47             Incremental Growth in APAC 2018−2024

Exhibit 48             Confectionery Market in China 2018−2024 ($ million)

Exhibit 49             Market in China 2018−2024 ($ million)

Exhibit 50             Confectionery Market in Japan by Types 2015−2019 ($ million)

Exhibit 51             Market in Japan 2018−2024 ($ million)

Exhibit 52             Smoking Rate among Korean Men 2012−2017 (%)

Exhibit 53             Market in South Korea 2018−2024 ($ million)

Exhibit 54             Functional Chewing Gum Market in Europe Overview

Exhibit 55             Market in Europe 2018−2024 ($ million)

Exhibit 56             Incremental Growth in Europe 2018−2024

Exhibit 57             Functional Chewing Gum Market in Germany 2018−2024 ($ million)

Exhibit 58             Smoking Prevalence in UK by Age Group (% of the population)

Exhibit 59             Market in UK 2018−2024 ($ million)

Exhibit 60             Market in France 2018−2024 ($ million)

Exhibit 61             Functional Chewing Gum Market in North America Overview

Exhibit 62             Market in North America 2018−2024 ($ million)

Exhibit 63             Obesity Rate in US 2011−2017 (%)

Exhibit 64             Incremental Growth in North America 2018−2024

Exhibit 65             Market in US 2018−2024 ($ million)

Exhibit 66             Retail Sales of Chewing Gum in Canada 2010−2017 ($ billion)

Exhibit 67             Market in Canada 2018−2024 ($ million)

Exhibit 68             Functional Chewing Gum Market in Latin America 2018

Exhibit 69             Market in Latin America 2018−2024 ($ million)

Exhibit 70             Incremental Growth in Latin America 2018−2024

Exhibit 71             Market in Brazil 2018−2024 ($ million)

Exhibit 72             Market in Mexico 2018−2024 ($ million)

Exhibit 73             Functional Chewing Gum Market in MEA Overview 2018

Exhibit 74             Market in MEA 2018−2024 ($ million)

Exhibit 75             Incremental Growth in MEA 2018−2024

Exhibit 76             Market in UAE 2018−2024 ($ million)

Exhibit 77             Market in South Africa 2018−2024 ($ million)

               

List of  Tables   

Table 1                  Key Caveats

Table 2                  Currency Conversion 2013−2018

Table 3                  Therapeutic Uses of Functional Chewing Gum

Table 4                  Global Functional Chewing Gum Market by Product Type 2018−2024 ($ million)

Table 5                  Global Nicotine Functional Gum Market by Geography 2018−2024 ($ million)

Table 6                  Global Oral Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 7                  Countries with Highest Obesity Prevalence 2018

Table 8                  Global Dietary Functional Chewing Gum Market 2018−2024 by Geography ($ million)

Table 9                  Global Lifestyle Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 10               Global Functional Chewing Gum Market by Distribution Channels 2018−2024 ($ million)

Table 11               Global Online Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 12               Global Offline Sales of Functional Chewing Gum by Geography 2018-2024 ($ million)

Table 13               Global Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 14               Functional Chewing Gum Market in APAC by Product Type 2018−2024 ($ million)

Table 15               Market in APAC by Distribution 2018−2024 ($ million)

Table 16               Functional Chewing Gum Market in Europe by Product Type 2018−2024 ($ million)

Table 17               Market in Europe by Distribution 2018−2024 ($ million)

Table 18               Functional Chewing Gum Market in North America by Product Type 2018−2024 ($ million)

Table 19               Market in North America by Distribution 2018−2024 ($ million)

Table 20               Functional Chewing Gum Market in Latin America by Product Type 2018−2024 ($ million)

Table 21               Market in Latin America by Distribution 2018−2024 ($ million)

Table 22               Dental Expenditure per Capita 2010−2016 ($)

Table 23               Functional Chewing Gum Market in MEA by Product Type 2018−2024 ($ million)

Table 24               in MEA by Distribution 2018−2024 ($ million)

Table 25               Mars Inc: Product Offerings

Table 26               MONDELĒZ: Product Offerings

Table 27               Perfetti: Product Offerings

Table 28               Lotte: Product Offerings

Table 29               Hershey’s: Product Offerings

Table 30               Cloetta: Product Offerings

Table 31               Khloros: Product Offerings

Table 32               Lemon Pharma: Product Offerings

Table 33               Functional Gums: Product Offerings

Table 34               Ezaki Glico: Product Offerings

Table 35               Masterfoodah: Product Offerings

Table 36               Per Os Bio: Product Offerings

Table 37               Meiji: Product Offerings

Table 38               Project 7: Product Offerings

Table 39               SmartGum: Product Offerings

Table 40               Wugum: Product Offerings

Table 41               Fazer: Product Offerings

Table 42               Ragolds: Product Offerings

Table 43               Think Gum: Product Offerings

Table 44               Retrobrands: Product Offerings

Table 45               Omega: Product Offerings

Table 46               GSK: Product Offerings

Table 47               Cipla: Product Offerings

Table 48               Fertin Pharma: Product Offerings

Table 49               Global Functional Chewing Gum Market by Product Type 2018−2024 ($ million)

Table 50               Global Oral Health Functional Chewing Gum by Geography 2018−2024 ($ million)

Table 51               Global Lifestyle Functional Gum Market by Geography 2018−2024 ($ million)

Table 52               Global Dietary Gum Market 2018−2024 by Geography ($ million)

Table 53               Global Nicotine Gum Market by Geography 2018−2024 ($ million)

Table 54               Functional Chewing Gum Market by Distribution Channels 2018−2024 ($ million)

Table 55               Online Functional Chewing Gum Market 2018−2024 by Geography ($ million)

Table 56               Offline Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 57               Functional Chewing Gum Market by Geography 2018−2024 ($ million)

Table 58               Market in APAC by Product Type 2018−2024 ($ million)

Table 59               Market in APAC by Distribution 2018−2024 ($ million)

Table 60               Market in North America by Product Type 2018−2024 ($ million)

Table 61               Market in North America by Distribution 2018−2024 ($ million)

Table 62               Market in Europe by Product Type 2018−2024 ($ million)

Table 63               Market in Europe by Distribution 2018−2024 ($ million)

Table 64               Market in Latin America by Product Type 2018−2024 ($ million)

Table 65               Functional Chewing Gum Market in Latin America by Distribution 2018−2024 ($ million)

Table 66               Functional Chewing Gum Market in MEA by Product Type 2018−2024 ($ million)

Table 67               Market in MEA by Distribution 2018−2024 ($ million)

1              Research Methodology

2              Research Objectives

3              Research Process

 

4              Scope & Coverage

4.1          Market Definition

4.1.1      Inclusions

4.1.2      Exclusions

4.2          Base Year

4.3          Scope of the study

4.4          Market Segments

4.4.1      Market Segmentation by Products

4.4.2      Market Segmentation by Distribution Channel

4.4.3      Market Segmentation by Geography

 

5              Report Assumptions & Caveats

5.1          Key Caveats

5.2          Currency Conversion

5.3          Market Derivation

6              Market at A Glance

 

7              Introduction

7.1          Overview

 

8              Market Dynamics

8.1          Market Growth Enablers

8.1.1      Growing Popularity of Smoking Cessation Therapy

8.1.2      Beneficial Effects on Reducing Anxiety & Increasing Alertness

8.1.3      Rising Demand for Slimming Chewing Gum

8.3          Market Growth Restraints

8.3.1      Health Issues Arising from Overconsumption of Chewing Gum

8.3.2      Lack of Regulations

8.3.3      Internet & Smartphones Affecting Consumer Behavior

8.4          Market Opportunities & Trends

8.4.1      Rising Number of Innovative Products

8.4.2      Increasing Demand for Sugarless Gum

8.4.3      Innovative Marketing Strategies

 

9              Global Functional Chewing Gum Market

9.1          Market Overview

9.2          Five Forces Analysis

9.2.1      Threat of New Entrants

9.2.2      Bargaining Power of Suppliers

9.2.3      Bargaining Power of Buyers

9.2.4      Threat of Substitutes

9.2.5      Competitive Rivalry

 

10           By Product Type

10.1        Market Snapshot & Growth Engine

10.2        Market Overview

10.3        Nicotine gum

10.3.1    Market Size & Forecast

10.3.2    By Geography

10.4        Oral Health

10.4.1    Market Size & Forecast

10.4.2    By Geography

10.5        Dietary gum

10.5.1    Market Size & Forecast

10.5.2    By Geography

10.6        Lifestyle

10.6.1    Market Size & Forecast

10.6.2    By Geography

 

11           By Distribution Channel

11.1        Market Snapshot & Growth Engine

11.2        Market Overview

11.3        Online Channel

11.3.1    By Geography

11.4        Offline Channel

11.4.1    By Geography

 

12           By Geography

12.1        Market Snapshot & Growth Engine

12.2        Market Overview

 

13           APAC

13.1        Market Overview

13.1.1    Market Size & Forecast

13.2        Market Segmentation

13.2.1    By Product Type

13.2.2    By Distribution

13.3        Key Countries

13.3.1    China: Market Size & Forecast

13.3.2    Japan: Market Size & Forecast

13.3.3    South Korea: Market Size & Forecast

 

14           Europe

14.1        Market Overview

14.1.1    Market Size & Forecast

14.2        Market Segmentation

14.2.1    By Product Type

14.2.2    By Distribution

14.3        Key Countries

14.3.1    Germany: Market Size & Forecast

14.3.2    UK: Market Size & Forecast

14.3.3    France: Market Size & Forecast

 

15           North America

15.1        Market Overview

15.1.1    Market Size & Forecast

15.2        Market Segmentation

15.2.1    By Product Type

15.2.2    By Distribution

15.3        Key Countries

15.3.1    US: Market Size & Forecast

15.3.2    Canada: Market Size & Forecast

 

16           Latin America

16.1        Market Overview

16.1.1    Market Size & Forecast

16.2        Market Segmentation

16.2.1    By Product Type

16.2.2    By Distribution

16.3        Key Countries

16.3.1    Brazil: Market Size & Forecast

16.3.2    Mexico: Market Size & Forecast

 

17           Middle-East and Africa

17.1        Market Overview

17.1.1    Market Size & Forecast

17.2        Market Segmentation

17.2.1    By Product Type

17.2.2    By Distribution

17.3        Key Countries

17.3.1    UAE: Market Size & Forecast

17.3.2    South Africa: Market Size & Forecast

 

18           Competitive Landscape

18.1        Competition Overview

 

19           Key Company Profiles

19.1        Mars Incorporated

19.1.1    Business Overview

19.1.2    Major Product Offerings

19.1.3    Key Strengths

19.1.4    Key Strategies

19.1.5    Key Opportunities

19.2        Mondelēz International Inc

19.2.1    Business Overview

19.2.2    Major Product Offerings

19.2.3    Key Strengths

19.2.4    Key Strategies

19.2.5    Key Opportunities

19.3        Perfetti Van Melle

19.3.1    Business Overview

19.3.2    Major Product Offerings

19.3.3    Key Strengths

19.3.4    Key Strategies

19.3.5    Key Opportunities

19.4        Lotte

19.4.1    Business Overview

19.4.2    Major Product Offerings

19.4.3    Key Strengths

19.4.4    Key Strategies

19.4.5    Key Opportunities

19.5        The Hershey’s Company

19.5.1    Business Overview

19.5.2    Major Product Offerings

19.5.3    Key Strengths

19.5.4    Key Strategies

19.5.5    Key Opportunities

 

20           Other Prominent Vendors

20.1        Cloetta

20.1.1    Business Overview

20.1.2    Major Product Offerings

20.2        Khloros Innovation

20.2.1    Business Overview

20.2.2    Major Product Offerings

20.3        Lemon Pharma

20.3.1    Business Overview

20.3.2    Major Product Offerings

20.4        Functional Gums s.r.l

20.4.1    Business Overview

20.4.2    Major Product Offerings

20.5        Ezaki Glico

20.5.1    Business Overview

20.5.2    Major Product Offerings

20.6        Masterfoodah

20.6.1    Business Overview

20.6.2    Major Product Offerings

20.7        Per Os Biosciences LLC

20.7.1    Business Overview

20.7.2    Major Product Offerings

20.8        Meiji Holdings

20.8.1    Business Overview

20.8.2    Major Product Offerings

20.9        Project 7

20.9.1    Business Overview

20.9.2    Major Product Offerings

20.10     SmartGum LLC

20.10.1  Business Overview

20.10.2  Major Product Offerings

20.11     Wugum

20.11.1  Business Overview

20.11.2  Major Product Offerings

20.12     Fazer

20.12.1  Business Overview

20.12.2  Major Product Offerings

20.13     Ragolds

20.13.1  Business Overview

20.13.2  Major Product Offerings

20.14     Think Gum

20.14.1  Business Overview

20.14.2  Major Product Offerings

20.15     Retrobrands usa LLC

20.15.1  Business Overview

20.15.2  Major Product Offerings

20.16     Omega Pharma

20.16.1  Business Overview

20.16.2  Major Product Offerings

20.17     GlAxoSmithKline

20.17.1  Business Overview

20.17.2  Major Product Offerings

20.18     Cipla

20.18.1  Business Overview

20.18.2  Major Product Offerings

20.19     Fertin Pharma

20.19.1  Business Overview

20.19.2  Major Product Offerings

 

21           Report Summary

21.1        Key Takeaways

21.2        Strategic Recommendations

21.3        Quantitative Summary

21.3.1    By Product Type

21.3.2    By Distribution Channel

21.3.3    By Geography

 

22           Appendix

22.1        Abbreviations

               

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Frequently Asked Questions

Whats is the global functional chewing market size and growth rate?

The global functional chewing gum market size will reach $10 billion by 2024, growing at a CAGR of approximately 4.5% during 2019–2024.

Which segment holds the largest market share in 2019?

Nicotine gums are the largest segment and are expected to grow at a CAGR of 4.27% during the forecast period.

How is the demand for functional chewing gum in Asia?

The APAC dominated the market in 2019 and captured nearly half of the market. Also, lifestyle gums are expected to grow at a CAGR of 6% during the forecast period.

Who are the major vendors in the functional chewing gum market?

Mars Incorporated, MONDELĒZ International Inc., Perfetti Van Melle, Lotte, and The Hershey’s Company are the leading vendors in the market.