UK Functional Chewing Gums Market Size & Outlook, 2019-2027
UK functional chewing gums market, 2016-2027 (US$M)
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UK functional chewing gums market highlights
- The UK functional chewing gums market generated a revenue of USD 71.3 million in 2019 and is expected to reach USD 136.5 million by 2027.
- The UK market is expected to grow at a CAGR of 8.5% 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 71.3 million |
| Market revenue in 2027 | USD 136.5 million |
| Growth rate | 8.5% (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, UK accounted for 5.0% 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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UK 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 42.22% in 2019. Horizon Databook has segmented the UK 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.
Poor nutrition and bad diets are some of the major reasons for the increasing demand for functional chewing gums in the U.K. For instance, Food Foundation’s research (published in The Guardian in September 2018) estimated that four million children in the U.K. struggle to afford enough fruit, vegetable, fish, and other healthy foods to meet the official nutrition guidelines.
These factors are propelling the demand for functional chewing gums as an affordable nutritional supplement for the consumers in the country.
The U.K. has been witnessing a large number of product launches owing to the rising demand for functional chewing gums. For instance, in July 2018, Functional Gums company launched its new line of products under the brand name ’NATURgum’.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into UK functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK functional chewing gums market size, by product, 2016-2027 (US$M)
UK Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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