Europe Functional Chewing Gums Market Size & Outlook
Europe functional chewing gums market, 2016-2027 (US$M)
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Europe functional chewing gums market highlights
- The Europe functional chewing gums market generated a revenue of USD 396.1 million in 2019.
- The market is expected to grow at a CAGR of 8.7% 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, France is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
| Market revenue in 2019 | USD 396.1 million |
| Market revenue in 2027 | USD 772.5 million |
| Growth rate | 8.7% (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, Europe region accounted for 27.6% 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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Europe 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 41.68% in 2019. Horizon Databook has segmented the Europe 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 European market is expected to be the second largest market with a share of 27.3% of the global functional chewing gums market by 2027. Population growth, digitalization, and urbanization have been major factors driving unhealthy consumer lifestyles and dietary patterns, threatening the European population with uncontrollable obesity levels similar to America.
In the latter half of the 1990s, the European Commission thus funded an activity to establish a science-based approach to exploring the concept of functional foods.
This Concerted Action, ‘Functional Food Science in Europe’ (FUFOSE), involved a large number of European experts in nutrition & related sciences and produced a consensus report that has become widely used as a basis for discussion in the industry.
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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 Europe functional chewing gums market, including forecasts for subscribers. This continent databook contains high-level insights into Europe functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe functional chewing gums market size, by country, 2016-2027 (US$M)
Europe Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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