Functional Chewing Gum Market 2020 Industry Research, Share, Trend, Global Industry Size, Price, Analysis, and Top Companies | Wrigley Company, Mondelez, Lotte, Perfetti Van Melle, ZOFT Gum
Pune, Maharashtra, India, August 24 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –: Functional Chewing Gum Market is valued at USD 7.13 Billion in 2018 and expected to reach USD 9.51 Billion by 2025 with a CAGR of 4.29% over the forecast period.
Functional Chewing Gum Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. The growing popularity of smoking cessation therapy, increasing demand for sliming chewing gum and growing demand for sugarless gum have increased the global functional chewing gum industry globally.
Scope of Functional Chewing Gum Market-
Chewing gum consist of gummy materials as well as flavored, sweetened, and chicle. Many of the chewing gums are designed in such as way it is inflated into the mouth and this type is called as bubble gum. It could be contended that most gum (at least the mint varieties) delivers some function in that they can recover bad breath, but such an effect is so extensive that the term ‘functional’ is nearly always applied to gum with some extra function. Medical usages for ‘functional chewing gum’ contain a described reduction in the duration of post-operative ileus next abdominal and specifically gastrointestinal surgery. This bubble gum are available in various flavors such as cinnamon, blue raspberry, banana, watermelon, cherry, strawberry, lemon, peppermint and many others. Chewing gums are cohesive substance that cannot be digested and is insoluble in water. Earlier these chewing gums were made by using tree fluids or juices such as latex sap of the sapodilla tree. Now a day they are made by using different flavors, sweeteners, gum base, colors, softeners, and many more ingredients. There are some types of functional chewing gums including nicotine gums, oral health gums, weight management gums, and lifestyle gums.
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Chewing Gum Online Market report is segmented on the basis of product type, application and by regional & country level. Based upon product type, functional chewing gum market is classified into tooth protection gum, quit smoking gum, weight loss gum and others. Based upon application, functional chewing Gum market is classified into online sales and offline sales.
The regions covered in this functional chewing gum market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Functional Chewing Gum is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Functional Chewing Gum Companies:
Functional chewing gum market report covers prominent players are,
Wrigley Company
Mondelez
Lotte
Perfetti Van Melle
GelStat Corporation (GSAC)
ZOFT Gum
Hershey’s
Think Gum LLC.
Miradent
Cloetta Fazer
Peppersmith
Nicotinell
Orion
Yake
Others.
AGO Esports Entered Partnerships with Puma and Wrigley’s Orbit
News: April 16, 2019, AGO Esports, the Polish-based esports organization, has announced partnerships with Puma and Wrigley Company’s chewing gum brand Orbit. Puma is a German athletic apparel business and AGO Esports will debut its new Puma jersey at Dream Hack Open in Rio de Janeiro.
Strong Chewing Gum Market Dynamics –
The global functional chewing gum market is witnessing substantial growth due to increasing popularity of smoking cessation therapy, rising incident of diseases such as obesity and diabetes and growing demand for sugarless gum. According to the WHO report, in 2016, more than 1.9 billion adults aged 18 years and older were overweight. Of these over 650 million adults were obese and 39% of adults aged 18 years and over (39% of men and 40% of women) were overweight. Additionally, the prevalence of overweight and obesity among children and adolescents aged 5-19 has risen dramatically from just 4% in 1975 to just over 18% in 2016. The rise has occurred similarly among both boys and girls: in 2016 18% of girls and 19% of boys were overweight. However, fluctuation in pricing strategy, lack of regulations, and side effects of consuming chewing gum in an excessive amount hamper the market growth over the forecast period. Furthermore, increasing demand for nicotine gum in smoking cessation therapy is major opportunity for the functional chewing gum market.
Chewing Gum Market Regional Analysis –
North America is dominating the functional chewing gum market with the potential rate due to rising incident of diseases such as obesity and diabetes, and increasing demand for sugarless gum have affected the global functional chewing gum in the region. According to the American Diabetes Association report, in 2018, 34.2 million Americans had diabetes and Nearly 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents. Diabetes was the seventh leading cause of death in the United States in 2017 founded on the 83,564 death certificates in which diabetes was recorded as the fundamental cause of death. In 2017, diabetes was declared as a cause of death in a total of 270,702 certificates. Around 210,000 Americans below age 20 are predictable to have diagnosed diabetes, nearly 0.25% of that population.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to growing young population. According to the UNFPA report, the Asia and the Pacific region is home to 60 per cent of the world’s population – some 4.3 billion people and includes the world’s most populous countries, China and India. The region also covers some of the minimum populations on the planet, particularly among the Small Island Developing States in the Pacific. Between now and 2050 the number of persons aged 60 years and older in the region will more than double, reaching 1.3 billion. By the middle of this century, one in four people will be 60 or older, compared to one in ten nowadays.
Key Benefits for Functional Chewing Gum Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
Functional Chewing Gum Market Segmentation –
By Product Type: Tooth Protection Gum, Quit Smoking Gum, Weight Loss Gum, Others
By Application: Online Sales, Offline Sales
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Table of Contents
Part 1 Market Overview
1.1 Market Definition
1.2 Market Development
1.3 By Type
1.4 By Application
1.5 By Region
Part 2 Global Market Status and Future Forecast
2.1 Global Market by Region
2.2 Global Market by Company
2.3 Global Market by Type
2.4 Global Market by Application
2.5 Global Market by Forecast
Part 3 North America Market Status and Future Forecast
3.1 Asia Market by Region
3.2 Asia Market by Company
3.3 Asia Market by Type
3.4 Asia Market by Application
3.5 Asia Market by Forecast
Part 4 United States Market Status and Future Forecast
4.1 United States Market by Type
4.2 United States Market by Application
4.3 United States Market by Forecast
Part 5 Canada Market Status and Future Forecast
5.1 Canada Market by Type
5.2 Canada Market by Application
5.3 Canada Market by Forecast
Part 6 Mexico Market Status and Future Forecast
6.1 Mexico Market by Type
6.2 Mexico Market by Application
6.3 Mexico Market by Forecast
Part 7 Key Companies
7.1 Wrigley Company
7.2 Cadbury Trebor Bassett (Mondelez)
7.3 Lotte
7.4 Perfetti Van Melle
7.5 Hershey’s
Continued…
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