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Functional Chewing Gum Market to Grow Significantly with Increasing Advancements in Technology, Says QYR

QYResearch (QYR) (www.qyresearch.com) has published a new report titled, ‘Functional Chewing Gum Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2025’.

 

Los Angeles, CA -- (SBWIRE) -- 10/04/2018 -- This study researches the market size of Functional Chewing Gum, presents the global Functional Chewing Gum sales and revenue by companies, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

This report focuses on the key data information of Functional Chewing Gum in key regions like North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, presents sales, revenue, market share, growth rate of Functional Chewing Gum for each region and countries in each region.

For top companies, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018.

This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.

Functional chewing gum is the name given to types of chewing gum which impart some practical function instead of, or in addition to, the usual enjoyment provided by a traditional chewing gum as a confectionery product. Examples of this include nicotine gum which is used to aid smoking cessation & so-called Think Gum which designers say they believe may enhance mental functioning. It could be argued that most gum (at least the mint varieties) provides some function in that they can improve bad breath, but such an effect is so widespread that the term 'functional' is almost always applied to gum with some additional function. Medical uses for 'functional chewing gum' include a reported reduction in the duration of post-operative ileus following abdominal and specifically gastrointestinal surgery.

Functional Chewing Gum are mainly classified into the following types: Tooth Protection Gum, Quit Smoking Gum, Weight Loss Gum, Others. Tooth Protection Gum is the most widely used type which takes up about 60.35% of the total in 2016 in Global.

Europe and North America are the main consumption regions of Functional Chewing Gum in the world in the past few years and it will keep the same position in the next few years. The market size of Asia-Pacific region will grow fast in the following years.

Wrigley Company, Mondelez, Lotte, Perfetti Van Melle, etc. are the key suppliers in global market, which have leading technology and market position. Top 5 took up about 81.91% of the global market in 2016.

Global consumption of Functional Chewing Gum rises up from 186780.4 MT in 2012 to 217675.4 MT in 2016, with an average annual growth rate of 3.90%. The reason causes this increase is the growing demand for the Functional Chewing Gum products, which is the result of the growing needs of downstream industry.

Although sales of Functional Chewing Gum products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the Functional Chewing Gum field hastily.

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In 2018, the global Functional Chewing Gum market size was 3050 million US$ and is forecast to 3680 million US in 2025, growing at a CAGR of 2.4% from 2018. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Functional Chewing Gum.

This report includes the following manufacturers; we can also add the other companies as you want.

Wrigley Company

Mondelez

Lotte

Perfetti Van Melle

GelStat Corporation (GSAC)

ZOFT Gum

Hershey's

Think Gum LLC.

Miradent

Cloetta Fazer

Peppersmith

Nicotinell

Orion

Yake

Market Segment by Product Type

Tooth Protection Gum

Quit Smoking Gum

Weight Loss Gum

Others

Market Segment by Application

Online Sales

Offline Sales

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