Quadintel recently published a new research report on the Functional Chewing Gums Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Functional Chewing Gums Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Get a complete report on Global Functional Chewing Gums Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Functional Chewing Gums Market is valued approximately at USD 1.52 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2021-2027.
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Introduction of new products with health benefits, growing popularity of smoking cessation chewing gums and innovative marketing strategies implemented by the market players are driving the market towards growth. For instance, in 2019, Hemptown USA launched a functional chewing gum that contains 15 milligrams of cannabidiol and 5 grams of cannabigerol. These chewing gums are mint flavored. Similarly, in 2020, Blockhead launched a new product under their chewing gum portfolio named screwing gum,. Thecompnay has focused on its marketing, packaging, cheeky innuendos, and active presence on social media to attract many youngsters. Furthermore, preference for functional chewing gums in nicotine replacement therapy for quitting smoking habit is expected to drive the market in coming years. However, the market is expected to get hampered by high prices of functional chewing gums.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the regions taken into consideration for the regional analysis of the global Functional Chewing Gums. North America is the leading region across the world in terms of market share because the region witnessed some strategic movement by the market players in terms of marketing strategies, product launch and other. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to presence of a large youth population and rising prevalence of smoking habits among adults in the region.
Major market player included in this report are:
Aboafsite SA CV.
GSK group
Gumlink Confectionery Company A/S
Lotte Confectionary Co. Ltd.
Med CBDX
Mondel?z International
Think Products LLCd
Rev Gum
Vitale XD.
The Hershey Co.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
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
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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