Functional Chewing Gum Market Size to Grow by USD 2.06 billion During 2021-2025

The functional chewing gum market share is expected to post an incremental growth of USD 2.06 billion, accelerating at a CAGR of 4% during the forecast period. The increasing demand for nicotine gum in smoking cessation therapy is driving the functional chewing gum market growth, however, the lack of efficient chewing gum disposable techniques may impede the market growth. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Functional Chewing Gum Market: Emerging Trends to Impact Market Growth

Growing awareness about the benefits of functional chewing gum is likely to emerge as one of the major functional chewing gum market trends. Technavio's functional chewing gum market report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. The analysis will enable clients to assess their play in the market and plan for growth opportunities.

Functional Chewing Gum Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Natural Base SA CV, FITGUM, Gumlink Confectionery Company AS, Mars Inc., Med CBDX, Mondelez International Inc., Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., and Think Gum LLC are some of the major functional chewing gum market vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 4%.
    
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 2.06 billion.
    
3. What is a key factor driving this market?
   The increasing demand for nicotine gum in smoking cessation therapy will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   58% growth will originate from APAC.
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB Natural Base SA CV, FITGUM, Gumlink Confectionery Company AS, Mars Inc., Med CBDX, Mondelez International Inc., Perfetti Van Melle Group BV, Simply Gum Inc., The Hershey Co., and Think Gum LLC.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Oral health gum, Nicotine gum, Weight gum, and Lifestyle gum) and Geography (APAC, Europe, North America, MEA, and South America).