Functional Chewing Gums Market Projected to Exceed 2.39 Billion by 2030 Driven by Health-conscious Consumers

"According to SNS Report, the Functional Chewing Gums Market valued at USD 1.17 billion in 2022, is anticipated to achieve a valuation of USD 2.39 billion by 2030, with a compound annual growth rate (CAGR) of 9.36% during 2023-2030"

Functional Chewing Gums Market Report Scope:
Functional chewing gums, designed for practical purposes beyond traditional enjoyment, encompass a variety of products including nicotine gums and oral care gums. These products offer therapeutic properties alongside recreational benefits. As a soft, chew-able confectionery item, chewing gum not only provides pleasure but also carries several health advantages such as cavity prevention endorsed by the American Dental Association. Additionally, the absence of cholesterol and saturated fats makes chewing gum a carefully examined snack, aiding in calorie burning, mental health improvement, stress reduction, and weight management.

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Major Players Listed in this Report are:
- ABOAFSITE SA CV
- CAFOSA
- GSK group
- Gumlink Confectionery Company A/S
- LOTTE CONFECTIONERY CO.LTD
- Med
- Miradent
- MondelÄ"z International
- Peppersmith
- Think Products LLC
- Rev Gum

Market Analysis
The growing preference for functional chewing gums, driven by consumer inclination towards oral wellness and health-conscious choices, propels market expansion. Consumers' gravitation towards sugar-free variants due to their low-calorie content further accelerates market growth.

Segment Analysis
Among product segments, oral health chewing gums dominate due to their widespread use and benefits in maintaining dental hygiene. Hypermarkets & supermarkets lead in distribution channels, offering convenience and accessibility to a larger consumer base.
Functional Chewing Gums Market Key Segments:

By Product:
- Smoking Cessation Chewing Gums
- Oral Health Chewing Gums
- Fitness & Well-Being Chewing Gums
- Others

By Distribution Channel:
-Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others

Impact of Russia-Ukraine War:
The Functional Chewing Gums Market is resilient against geopolitical tensions, with minimal impact observed from the Russia-Ukraine conflict. The market remains largely unaffected due to diversified sourcing strategies and robust supply chains.

Impact of Economic Slowdown:
Despite economic slowdowns, the Functional Chewing Gums Market sustains steady growth, as consumers prioritize affordable wellness products. The market demonstrates resilience amidst economic challenges, with demand driven by essential consumer needs and health consciousness.

Key Regional Development:
Europe retains a significant market share due to shifting consumer preferences towards sugar-free and health-enhancing snacks. The Asia Pacific region anticipates substantial growth, propelled by a large millennial consumer base and the introduction of new functional chewing gums enriched with vitamins and minerals.

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Key Takeaways:
- Growing consumer awareness of oral health drives demand for functional chewing gums.
- Market resilience against geopolitical tensions and economic slowdowns underscores its stability and growth potential.

Recent Developments:
Recent advancements in the functional chewing gums market include the introduction of innovative formulations enriched with natural ingredients and vitamins, catering to evolving consumer preferences for holistic wellness products. Manufacturers are also focusing on eco-friendly packaging solutions to align with sustainability trends.

Table of Contents - Key Points
1 Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2 Research Methodology
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4 Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5 Value chain analysis
6 Porter's 5 forces model
7 PEST analysis
8 Global Functional Chewing Gums Market segmentation, Product:
8.1 Smoking Cessation Chewing Gums
8.2 Oral Health Chewing Gums
8.3 Fitness & Well-Being Chewing Gums
8.4 Others
9 Global Functional Chewing Gums Market segmentation, By Distribution Channel:
9.1 Hypermarkets & Supermarkets
9.2 Convenience Stores
9.3 Online
9.4 Others
10 Global Functional Chewing Gums Market, by region/ country
11 Company profiles
11.1 ABOAFSITE SA CV
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 CAFOSA
11.3 GSK group
11.4 Gumlink Confectionery Company A/S
11.5 LOTTE CONFECTIONERY CO.LTD.
11.6 Miradent
11.7 MondelÄ"z International
11.8 Peppersmith
11.9 Think Products LLC
11.10 Rev Gum
12 Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13 Conclusion

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Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US)

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

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