North America Functional Chewing Gums Market Size & Outlook
North America functional chewing gums market, 2016-2027 (US$M)
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North America functional chewing gums market highlights
- The North America functional chewing gums market generated a revenue of USD 557.8 million in 2019.
- The market is expected to grow at a CAGR of 8.4% 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, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 557.8 million |
| Market revenue in 2027 | USD 1,064.8 million |
| Growth rate | 8.4% (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, North America region accounted for 38.8% 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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North 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 41.93% in 2019. Horizon Databook has segmented the North 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 North American region is expected to be the largest market with a share of 37.6% of the global functional chewing gums market by 2027. The region has a vast population facing rising obesity levels and lifestyle-related diseases on account of its dietary habits as well as high consumption of several processed & ready-to-eat foods that are not necessarily always good for consumer health.
These chewing gums are enriched with a number of nutrients that have potentially-beneficial effects on health when consumed on a regular basis at effective levels. These market trends are anticipated to boost the demand for functional chewing gums in the region over the forecast period.
Functional chewing gums and foods have emerged as the dominant product segments in the North America market owing to high awareness of their benefits in overall health & bodily maintenance.
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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 North America functional chewing gums market, including forecasts for subscribers. This continent databook contains high-level insights into North America functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America functional chewing gums market size, by country, 2016-2027 (US$M)
North America Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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