Japan Functional Chewing Gums Market Size & Outlook
Japan functional chewing gums market, 2016-2027 (US$M)
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Japan functional chewing gums market highlights
- The Japan functional chewing gums market generated a revenue of USD 57.9 million in 2019 and is expected to reach USD 123.1 million by 2027.
- The Japan market is expected to grow at a CAGR of 9.9% 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 57.9 million |
| Market revenue in 2027 | USD 123.1 million |
| Growth rate | 9.9% (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, Japan accounted for 4.0% 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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Japan 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 42.31% in 2019. Horizon Databook has segmented the Japan 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.
Japan has one of the highest per capita spending power in Asia Pacific. Rapidly increasing middle-class population, coupled with a highly health-conscious aging population, is driving the functional chewing gums market in the country.
Additionally, growing health issues owing to an unbalanced diet, uncertain product safety, and long office hours are encouraging consumers to try high performance functional chewing gums. Long-established reliance on natural ingredients and food products to overcome diseases and stay healthy has significantly contributed to the functional chewing gums market growth.
Numerous policies formulated by the Japanese government in favor of disease prevention in order to reduce the medical costs stemming from a large aging population have also led to diet and lifestyle changes among consumers. This has positively influenced the functional chewing gums market in the country.
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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 Japan functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into Japan functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan functional chewing gums market size, by product, 2016-2027 (US$M)
Japan Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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