Germany Functional Chewing Gums Market Size & Outlook
Germany functional chewing gums market, 2016-2027 (US$M)
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Germany functional chewing gums market highlights
- The Germany functional chewing gums market generated a revenue of USD 86.6 million in 2019 and is expected to reach USD 159.2 million by 2027.
- The Germany market is expected to grow at a CAGR of 7.9% 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 86.6 million |
| Market revenue in 2027 | USD 159.2 million |
| Growth rate | 7.9% (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, Germany 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 Europe, Germany functional chewing gums market is projected to lead the regional market in terms of revenue in 2027.
- France is the fastest growing regional market in Europe and is projected to reach USD 136.9 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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Germany 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 42.26% in 2019. Horizon Databook has segmented the Germany 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.
Bad diets and poor nutrition are some of the major reasons for the increasing demand for functional chewing gums in the country. Over the past few years, the situation has become worse owing to the high consumption of fast food.
For instance, according to the data published by State of Health in the EU, Germany, Country Health Profile 2019, around 19% of deaths can be attributed to bad diets in the country. These major factors are propelling the demand for functional chewing gums in the country and high market demand is anticipated over the forecast period.
Germany has been witnessing a high mortality rate due to lack of nutrition, usage of tobacco, and high consumption of alcohol. According to the data published by the State of Health in the EU, Germany, Country Health Profile 2019, 19% of the mortality is contributed by a low-nutrition diet, 15% is contributed by tobacco, 5% is contributed by alcohol, and 3% is contributed by low physical activity.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into Germany functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany functional chewing gums market size, by product, 2016-2027 (US$M)
Germany Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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