U.S. Functional Chewing Gums Market Size & Outlook
U.S. functional chewing gums market, 2016-2027 (US$M)
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U.S. functional chewing gums market highlights
- The U.S. functional chewing gums market generated a revenue of USD 424.0 million in 2019 and is expected to reach USD 800.8 million by 2027.
- The U.S. market is expected to grow at a CAGR of 8.3% 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 424.0 million |
| Market revenue in 2027 | USD 800.8 million |
| Growth rate | 8.3% (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, U.S. accounted for 29.5% 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 North America, U.S. functional chewing gums market is projected to lead the regional market in terms of revenue in 2027.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 800.8 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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U.S. 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 42.24% in 2019. Horizon Databook has segmented the U.S. 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.
Cardio health is one of the primary end-use segments for functional foods since about 610,000 people die from heart disease in the U.S. every year, and it is one of the primary causes of death among men & women in the entire region.
Several Americans have realized the importance of diet and exercise in maintaining health & prolonging their lifespan, leading to high demand for varied functional chewing gums in the regional market.
Major players in the market are launching products in order to cater to the rising demand for functional chewing gums in the region. For instance, in September 2019, Hemptown USA launched a chewing gum that contains 15 milligrams of cannabidiol and 5 grams of cannabigerol.
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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 country-level data and insights on the U.S. functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into U.S. functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. functional chewing gums market size, by product, 2016-2027 (US$M)
U.S. Functional Chewing Gums Market Share, 2019 & 2027 (US$M)
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