Latin America Functional Chewing Gums Market Size & Outlook
Latin America functional chewing gums market, 2016-2027 (US$M)
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Latin America functional chewing gums market highlights
- The Latin America functional chewing gums market generated a revenue of USD 129.7 million in 2019.
- The market is expected to grow at a CAGR of 8.1% 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.
Latin America data book summary
| Market revenue in 2019 | USD 129.7 million |
| Market revenue in 2027 | USD 242.1 million |
| Growth rate | 8.1% (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, Latin America region accounted for 9.0% 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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Latin America 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 41.87% in 2019. Horizon Databook has segmented the Latin America 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 demand for functional chewing gums in the developing countries in the region is growing significantly, presenting lucrative opportunities for domestic companies.
The economic returns from functional food products such as chewing gums can offer improved opportunities for all members of the supply chain, while the industry may be an opportunity for economic growth for many developing countries endowed with rich biodiversity & traditional knowledge of the health benefits of certain indigenous plant species.
Brazil is the largest economy in the region and consumers in the country are adopting a healthy lifestyle and diet. Several people in the country do not receive proper nutrition as per the required level. Functional chewing gums aid in fulfilling the required amount of vitamins and minerals at an affordable price.
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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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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 Latin America functional chewing gums market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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