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Functional Chewing Gum Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 127
  • SKU: IRTNTR44316
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The functional chewing gum market share is expected to increase by USD 2.06 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4%.

This functional chewing gum market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers functional chewing gum market segmentations by product (oral health gum, nicotine gum, weight gum, and lifestyle gum) and geography (APAC, Europe, North America, MEA, and South America). The functional chewing gum market report also offers information on several market vendors, including AB Natural Base SA CV, FITGUM, Gumlink Confectionery Company AS, Mars Inc., Med CBDX, Mondelez International Inc., Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., and Think Gum LLC among others.

What will the Functional Chewing Gum Market Size be During the Forecast Period?

Functional Chewing Gum Market Size

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Functional Chewing Gum Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for nicotine gum in smoking cessation therapy is notably driving the functional chewing gum market growth, although factors such as lack of efficient chewing gum disposable techniques may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the functional chewing gum industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Functional Chewing Gum Market Driver

One of the key factors driving the functional chewing gum market growth is the increasing demand for nicotine gum in smoking cessation therapy. Tobacco smoke contains nicotine, which is highly addictive. There are several therapies to control the nicotine addiction caused by smoking tobacco; one such therapy is nicotine replacement therapy. In nicotine replacement therapy, nicotine gum is used as a replacement for cigarettes to help smokers gradually reduce the amount of nicotine they used to consume daily from tobacco. Individuals who use nicotine gum are less likely to gain weight after smoking cessation therapy. Nicotine gum provides fast relief from irritability, including mood swings and distractions, and reduces the urge to smoke. It reduces inconveniences that may occur during smoking cessation therapy. The increasing demand for nicotine gum in smoking cessation therapy has encouraged vendors operating in the global market to offer a wide range of nicotine functional chewing gum. Overall, the advantages of nicotine replacement therapy, coupled with the easy availability of nicotine gums, are expected to drive the growth of the global functional chewing gum market during the forecast period.

Key Functional Chewing Gum Market Trend

Another key factor driving functional chewing gum market growth is recycling chewing gum into new polymers. Lack of efficient disposal techniques is one of the major challenges faced by the global functional chewing gum market. The governments of various countries, as well as local councils, spend millions of dollars to clean gum litters on streets. Moreover, there is no real front-end solution in the market that is addressing gum litter with a recycling solution. Thus, Anna Bullus decided to develop a recycling solution to reduce gum litter in the UK in 2009 and launched Gumdrop Ltd (Gumdrop). Gumdrop is the first company in the world to recycle chewing gum into a range of new polymers that can be used in the rubber and plastics industry. Chewing gum is collected in Gumdrop bins distributed throughout the UK. Gumdrop also collaborates with manufacturers and companies globally to make products from recycled and processed chewing gum. Therefore, the recycling of chewing gum into new polymers will be a key trend influencing the growth of the market during the forecast period.

Key Functional Chewing Gum Market Challenge

Lack of efficient chewing gum disposable techniques is one of the key challenges hindering the functional chewing gum market growth. Chewing gum is non-biodegradable since it is made from synthetic rubber. As there are no efficient disposal techniques, it is often found dropped onto the streets. Cities and countries across the world are spending heavily to remove gum from the streets. It is impossible to compost chewing gum, as it does not break down. The use of chemicals to break down chewing gum exudes a harmful odor. Birds eat chewing gum from the streets and die due to choking. Chewing gum litter is a global problem, and governments across the world are spending millions of dollars every year to clean up sticky gum on the streets. In March 2018, the Local Government Association of the UK suggested that a chewing gum tax should be introduced to help pay to clean up the streets in the UK. Thus, improper disposal techniques of chewing gums pollute the environment and are thus considered a hazard. Thus, this may lead to an increase in tax on functional chewing gum, which will eventually affect the growth of the global functional chewing gum market during the forecast period.

This functional chewing gum market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global functional chewing gum market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the functional chewing gum market during the forecast period.

Who are the Major Functional Chewing Gum Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AB Natural Base SA CV
  • FITGUM
  • Gumlink Confectionery Company AS
  • Mars Inc.
  • Med CBDX
  • Mondelez International Inc.
  • Perfetti Van Melle Group BV
  • Simply Gum Inc.
  • The Hershey Co.
  • Think Gum LLC

This statistical study of the functional chewing gum market encompasses successful business strategies deployed by the key vendors. The functional chewing gum market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • AB Natural Base SA CV - The company offers gum base.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The functional chewing gum market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Functional Chewing Gum Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the functional chewing gum market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.

Which are the Key Regions for Functional Chewing Gum Market?

Functional Chewing Gum Market Market segmentation by region

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58% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for functional chewing gum in APAC. Market growth in this region will be faster than the growth of the market in other regions.

China, Japan, and India are among the major markets for functional chewing gum in APAC. Cipla Inc. is among the major vendors operating in the region. Improving memory; reducing stress; increasing focus, alertness, and concentration; managing weight; and improving oral health are among the various uses of functional chewing gum. Consumers in the region are gaining awareness about the benefits of functional chewing gum, which is driving the demand for functional chewing gum in the region.This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The second wave of the COVID-19 pandemic is expected to hamper the business growth of vendors in the second half of 2021, especially in highly populated countries such as China and India, as governments of these countries imposed nationwide lockdowns to prevent the spread of the disease. For instance, in India, as of May 24, 2021, there were more than 170 million reported cases of COVID-19, and the number of reported deaths was 3.5 million. Moreover, due to the shutdown of retail outlets and manufacturing facilities, the sales of functional chewing gums are likely to decline in the second half of 2021. This situation is likely to hamper the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Functional Chewing Gum Market?

Functional Chewing Gum Market Segmentation

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The functional chewing gum market share growth by the oral health gum will be significant during the forecast period. The increased consumer awareness about oral hygiene is a major factor driving the growth of the oral health gum segment. he oral health benefits of chewing gum are increasing the consumption of this type of gum in the global market. The consumption of oral health gum is expected to increase further, with vendors in the market offering a wide variety of products. Some of the brands offered by the company are Daygum, Happydent, and Vivident Xylit . These oral health gums help reduce plaque deposits and plaque- and acid-forming bacteria. Owing to these benefits, there is a huge demand for oral health functional chewing gum in the global market, which will help the segment register an accelerating year-over-year growth rate during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the functional chewing gum market size and actionable market insights on post COVID-19 impact on each segment.

 

Functional Chewing Gum Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 2.06 billion

Market structure

Fragmented

YoY growth (%)

3.29

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 58%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Natural Base SA CV, FITGUM, Gumlink Confectionery Company AS, Mars Inc., Med CBDX, Mondelez International Inc., Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., and Think Gum LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Functional Chewing Gum Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive functional chewing gum market growth during the next five years
  • Precise estimation of the functional chewing gum market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the functional chewing gum industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of functional chewing gum market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Packaged foods and meats

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product - Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Oral health gum - Market size and forecast 2020-2025
    • Exhibit 17: Oral health gum - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Oral health gum - Year-over-year growth 2020-2025 (%)
  • 5.4 Nicotine gum - Market size and forecast 2020-2025
    • Exhibit 19: Nicotine gum - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Nicotine gum - Year-over-year growth 2020-2025 (%)
  • 5.5 Weight gum - Market size and forecast 2020-2025
    • Exhibit 21: Weight gum - Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Weight gum - Year-over-year growth 2020-2025 (%)
  • 5.6 Lifestyle gum - Market size and forecast 2020-2025
    • Exhibit 23: Lifestyle gum - Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Lifestyle gum - Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by Product
    • Exhibit 25: Market opportunity by Product

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 27: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 28: Geographic comparison
  • 7.3 APAC - Market size and forecast 2020-2025
    • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 North America - Market size and forecast 2020-2025
    • Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
  • 7.6 MEA - Market size and forecast 2020-2025
    • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
  • 7.7 South America - Market size and forecast 2020-2025
    • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 39: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 40: Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 41: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 42: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 43: Landscape disruption
    • Exhibit 44: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 45: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 46: Market positioning of vendors
  • 10.3 AB Natural Base SA CV
    • Exhibit 47: AB Natural Base SA CV - Overview
    • Exhibit 48: AB Natural Base SA CV - Product and service
    • Exhibit 49: AB Natural Base SA CV - Key offerings
  • 10.4 FITGUM
    • Exhibit 50: FITGUM - Overview
    • Exhibit 51: FITGUM - Product and service
    • Exhibit 52: FITGUM - Key offerings
  • 10.5 Gumlink Confectionery Company AS
    • Exhibit 53: Gumlink Confectionery Company AS - Overview
    • Exhibit 54: Gumlink Confectionery Company AS - Product and service
    • Exhibit 55: Gumlink Confectionery Company AS - Key offerings
  • 10.6 Mars Inc.
    • Exhibit 56: Mars Inc. - Overview
    • Exhibit 57: Mars Inc. - Product and service
    • Exhibit 58: Mars Inc. - Key news
    • Exhibit 59: Mars Inc. - Key offerings
  • 10.7 Med CBDX
    • Exhibit 60: Med CBDX - Overview
    • Exhibit 61: Med CBDX - Product and service
    • Exhibit 62: Med CBDX - Key offerings
  • 10.8 Mondelez International Inc.
    • Exhibit 63: Mondelez International Inc. - Overview
    • Exhibit 64: Mondelez International Inc. - Business segments
    • Exhibit 65: Mondelez International Inc. - Key news
    • Exhibit 66: Mondelez International Inc. - Key offerings
    • Exhibit 67: Mondelez International Inc. - Segment focus
  • 10.9 Perfetti Van Melle Group BV
    • Exhibit 68: Perfetti Van Melle Group BV - Overview
    • Exhibit 69: Perfetti Van Melle Group BV - Business segments
    • Exhibit 70: Perfetti Van Melle Group BV - Key offerings
    • Exhibit 71: Perfetti Van Melle Group BV - Segment focus
  • 10.10 Simply Gum Inc.
    • Exhibit 72: Simply Gum Inc. - Overview
    • Exhibit 73: Simply Gum Inc. - Product and service
    • Exhibit 74: Simply Gum Inc. - Key offerings
  • 10.11 The Hershey Co.
    • Exhibit 75: The Hershey Co. - Overview
    • Exhibit 76: The Hershey Co. - Business segments
    • Exhibit 77: The Hershey Co. - Key news
    • Exhibit 78: The Hershey Co. - Key offerings
    • Exhibit 79: The Hershey Co. - Segment focus
  • 10.12 Think Gum LLC
    • Exhibit 80: Think Gum LLC - Overview
    • Exhibit 81: Think Gum LLC - Product and service
    • Exhibit 82: Think Gum LLC - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 83: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 84: Research Methodology
    • Exhibit 85: Validation techniques employed for market sizing
    • Exhibit 86: Information sources
  • 11.4 List of abbreviations
    • Exhibit 87: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Functional Chewing Gum Market market growth will increase by $2.06 bn during 2021-2025.
The functional chewing gum market market is expected to grow at a CAGR of 4% during 2021-2025.
Technavio has segmented the functional chewing gum market market by product (Oral health gum, Nicotine gum, Weight gum, and Lifestyle gum) and geographic (APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America).
AB Natural Base SA CV, FITGUM, Gumlink Confectionery Company AS, Mars Inc., Med CBDX, Mondelez International Inc., Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., Think Gum LLC are a few of the key vendors in the functional chewing gum market market.
APAC will register the highest growth rate of 58% among the other regions. Therefore, the functional chewing gum market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the functional chewing gum market market growth are:
  • Increasing demand for nicotine gum in smoking cessation therapy
  • Increasing online presence of functional chewing gum vendors
The functional chewing gum market market vendors should focus on grabbing business opportunities from the oral health gum segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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