Global Functional Chewing Gum Market 2024-2028
The functional chewing gum market is forecasted to grow by USD 3149.6 mn during 2023-2028, accelerating at a CAGR of 5.53% during the forecast period. The report on the functional chewing gum market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for nicotine gum in smoking cessation therapy, growing awareness about the benefits of functional chewing gum, and strong distribution network between manufacturers and retailers.
Technavio's functional chewing gum market is segmented as below:
ByProduct
- Oral health gum
- Nicotine gum
- Weight gum
- Lifestyle gum
ByDistribution Channel
- Convenience stores
- Hypermarkets and supermarkets
- Online
ByGeography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing online presence of functional chewing gum vendors as one of the prime reasons driving the functional chewing gum market growth during the next few years. Also, recycling chewing gum into new polymers and private-label functional chewing gum manufacturers will lead to sizable demand in the market.
The report on the functional chewing gum market covers the following areas:
- Functional chewing gum market sizing
- Functional chewing gum market forecast
- Functional chewing gum market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional chewing gum market vendors that include AB Natural Base SA CV, Cipla Inc., Cloetta AB, Federation of Migros Cooperatives, Ford Gum Inc., Gumlink Confectionery Company AS, Hager and Werken GmbH and Co. KG, Johnson and Johnson Services Inc., JOYRIDE, Makers Row Inc., Mars Inc., MD E GUM SRL, Med CBDX, Mondelez International Inc., Per Os Biosciences LLC, Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., Think Gum LLC, and WUG Functional Gums SL. Also, the functional chewing gum market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.