Global Functional Chewing Gum Market Worth $9 Billion by 2022

ReportsnReports.com adds "Functional Chewing Gum Market - Global Outlook and Forecast 2017-2022" report to its research store.

The report profiles the major vendors and provides an in-depth analysis of the global market including top trends, drivers, restraint, major segment analysis and growth forecast in key geographic regions.

Sales of major functional chewing gum vendors were aggregated to arrive at an estimate of the market size in terms of volume. The same approach is used to calculate the market size in terms of revenue. An estimated 85-90% of vendor’s capacity are mapped and considered in the calculations.

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The report offers key analysis of major segments of the market by product type, distribution channels, geography, country, and vendors. It provides a detailed analysis of revenue from various segments:
1. Product Type
2. Nicotine gum
3. Oral health gum
4. Weight management gum
5. Lifestyle gum

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Distribution Channel: Online & Offline

Major Geography: APAC, EMEA, Latin America & North America

Key Countries Covered: Brazil, Canada, China, Germany, Japan, Mexico, South Africa, UAE, UK & US

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.

The global functional chewing gum market is expected to cross $9 billion, growing impressively at a CAGR of 4.7% during 2016-2022. With increasing health consciousness among people globally, the demand is expected to increase during the forecast period. The demand for functional gums is increasing globally, especially from emerging markets such as APAC and MEA. North America and Europe are witnessing a steady demand for functional chewing gums. The nicotine gum is likely to be the dominant segment, whereas the weight management gum segment is expected to witness the fastest growth.

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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 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.

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.

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