China Functional Chewing Gums Market Size & Outlook
China functional chewing gums market, 2016-2027 (US$M)
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China functional chewing gums market highlights
- The China functional chewing gums market generated a revenue of USD 86.5 million in 2019 and is expected to reach USD 179.0 million by 2027.
- The China market is expected to grow at a CAGR of 9.5% 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.
Functional chewing gums market data book summary
| Market revenue in 2019 | USD 86.5 million |
| Market revenue in 2027 | USD 179.0 million |
| Growth rate | 9.5% (CAGR from 2019 to 2027) |
| Largest segment | Smoking cessation gums |
| Fastest growing segment | Oral Health |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, China accounted for 6.0% of the global functional chewing gums market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China functional chewing gums market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 54.6 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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China 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 42.2% in 2019. Horizon Databook has segmented the China 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.
The consumption of functional chewing gums has been rapidly rising in China. The product has been observed to have widely penetrated the considerable population of the country. Consumers, especially millennials and generations Z and Alpha, consume a substantial amount of functional chewing gums.
Slimming chewing gums have been gaining exceptional popularity among women due to the increasing weight management awareness. The functional chewing gums market in China is driven by various innovations in raw materials, manufacturing technology, and the product. Xylitol, sourced from xylose, is one of the primary forms of sweetener used in functional chewing gums.
Anyang Yuxin Xylitol Technology is one of the largest xylitol manufacturing firms in China. The firm has been planning to upgrade the sustainability credentials of xylitol that it produces. Thus, it has been conducting its research and development on xylose extracted from wood by-products.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into China functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China functional chewing gums market size, by product, 2016-2027 (US$M)
China Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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