Middle East & Africa Functional Chewing Gums Market Size & Outlook
Middle East & Africa functional chewing gums market, 2016-2027 (US$M)
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MEA functional chewing gums market highlights
- The MEA functional chewing gums market generated a revenue of USD 62.5 million in 2019.
- The market is expected to grow at a CAGR of 9.2% 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.
MEA data book summary
| Market revenue in 2019 | USD 62.5 million |
| Market revenue in 2027 | USD 126.5 million |
| Growth rate | 9.2% (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, MEA region accounted for 4.4% 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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Middle East & Africa 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 41.92% in 2019. Horizon Databook has segmented the Middle East & Africa 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.
Expanding health food and nutraceutical markets in the Middle Eastern & African region have driven the growth of the functional chewing gums market as well. Functional chewing gums are gaining traction in the Middle Eastern food market, as rising disposable incomes and increasing product awareness allows consumers to make more health-conscious decisions.
Functional food products have been available for a long time, with their perceived benefits being highlighted in numerous magazines. However, the dissemination of information through internetenabled smartphones has further boosted consumer awareness regarding their benefits to a larger extent in recent years.
Furthermore, increasing instances of stroke, diabetes, high cholesterol, and other lifestyle-related health risks have increased sports activities, exercise, and adherence to diets among health-conscious consumers. This, in turn, drives the demand for functional chewing gums.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Middle East & Africa functional chewing gums market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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