Functional chewing gum is the name given to types of chewing gum which impart some practical function instead of, or in addition to, the usual enjoyment provided by a traditional chewing gum as a confectionery product. Examples of this include nicotine gum which is used to aid smoking cessation & so-called Think Gum which designers say they believe may enhance mental functioning. It could be argued that most gum (at least the mint varieties) provides some function in that they can improve bad breath, but such an effect is so widespread that the term ‘functional’ is almost always applied to gum with some additional function. Medical uses for ‘functional chewing gum’ include a reported reduction in the duration of post-operative ileus following abdominal and specifically gastrointestinal surgery.
Europe and North America are the main consumption regions of Functional Chewing Gum in the world in the past few years and it will keep the same position in the next few years. The market size of Asia-Pacific region will grow fast in the following years.
Wrigley Company, Mondelez, Lotte, Perfetti Van Melle, etc. are the key suppliers in global market, which have leading technology and market position. Top 5 took up about 81.91% of the global market in 2016.
The worldwide market for Functional Chewing Gum is expected to grow at a CAGR of roughly 2.5% over the next five years, will reach 3530 million US$ in 2024, from 3050 million US$ in 2019.
Global Functional Chewing Gum Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Functional Chewing Gum Industry report also provides essential attributes associated with Functional Chewing Gum market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Functional Chewing Gum Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Functional Chewing Gum business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Functional Chewing Gum market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
United Technologies Corporation
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Food & Beverage Production
Chemicals & Pharmaceuticals
The prospective of this Functional Chewing Gum industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Functional Chewing Gum present market share and future prospects of the segment in terms of has also been explored in this report.
Global Functional Chewing Gum market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Functional Chewing Gum report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
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