Asia Pacific Functional Chewing Gums Market Size & Outlook
Asia Pacific functional chewing gums market, 2016-2027 (US$M)
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Asia Pacific functional chewing gums market highlights
- The Asia Pacific functional chewing gums market generated a revenue of USD 289.7 million in 2019.
- The market is expected to grow at a CAGR of 10.1% from 2020 to 2027.
- In terms of segment, smoking cessation gums was the largest revenue generating product in 2019.
- Oral Health is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 289.7 million |
| Market revenue in 2027 | USD 625.8 million |
| Growth rate | 10.1% (CAGR from 2019 to 2027) |
| Largest segment | Smoking cessation gums |
| Fastest growing segment | Oral Health |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smoking Cessation Gums, Oral Health, Fitness & Well Being, Other Products |
| Key market players worldwide | GSK PLC, Lotte Chemical, Cafosa, Gumlink Confectionery Company, miradent in Russia, Mondelez International Inc Class A, Peppersmith, Think Gum, Rev Energy Gum |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.2% of the global functional chewing gums market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 625.8 million by 2027.
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Functional Chewing Gums Market Scope
Functional Chewing Gums Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific functional chewing gums market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to functional chewing gums market will help companies and investors design strategic landscapes.
Smoking cessation gums was the largest segment with a revenue share of 41.73% in 2019. Horizon Databook has segmented the Asia Pacific functional chewing gums market based on smoking cessation gums, oral health, fitness & well being, other products covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific has one of the largest functional food markets owing to a burgeoning population, coupled with rising disposable income of the consumers. Rapidly growing consumption of healthy food, along with rising awareness regarding health and fitness in developing economies, is also driving the uptake of functional chewing gums in the region.
The functional chewing gums market is expected to witness modest growth among those looking to maintain cardio-health. Governments across the region have been taking numerous measures to combat the alarming rise in the number of deaths resulting from various cardiovascular diseases.
Smoking cessation programs, teaching dietary monitoring, providing alternative food choices, improving access to exercise facilities, and promoting the consumption of functional foods are some effective measures to raise awareness regarding cardio health. Such initiatives are likely to bode well for the functional chewing gums market.
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Target buyers of Asia Pacific functional chewing gums market databook
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Our clientele includes a mix of functional chewing gums market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific functional chewing gums market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific functional chewing gums market size, by country, 2016-2027 (US$M)
Asia Pacific Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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