India Functional Chewing Gums Market, 2019-2027
- Food Beverages & Tobacco
- Supplements & Nutrition
- functional chewing gums market
- Supplements & Nutrition
India Functional Chewing Gums Market, 2016-2027 (US$M)
Global Market
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India functional chewing gums market highlights
- The India functional chewing gums market generated a revenue of USD 24.8 million in 2019 and is expected to reach USD 54.6 million by 2027.
- The India market is expected to grow at a CAGR of 10.4% 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.
Functional chewing gums market data book summary
| Market revenue in 2019 | USD 24.8 million |
| Market revenue in 2027 | USD 54.6 million |
| Growth rate | 10.4% (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, India accounted for 1.7% 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 Asia Pacific, China functional chewing gums market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 54.6 million by 2027.
One in every five people in a population of over 1.33 billion in India suffers from at least one chronic disease, be it respiratory, metabolic, or cardiovascular. The increasing prevalence of other chronic diseases like diabetes and various nutritional ailments has also led to the extensive promotion of natural functional chewing gums in India, subsequently driving the market.
Demographic changes and rapid urbanization are some of the other key factors expected to influence market growth over the forecast period.
Functional chewing gums are expected to witness high growth in weight management applications in India over the forecast period owing to increasing medical issues and rising awareness among the population about overcoming debilitating lifestyle disorders, including diabetes and obesity.
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Functional Chewing Gums Market
Functional Chewing Gums Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GSK PLC | View profile | 70,200 | 980 Great West Road, Brentford, Middlesex, United Kingdom, TW8 9GS | www.gsk.com |
| Lotte Chemical | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | www.lottechem.com |
| Mondelez International Inc Class A | View profile | 91,000 | 905 West Fulton Market, Suite 200, Chicago, IL, United States, 60607 | www.mondelezinternational.com |
| Cafosa | View profile | 101-250 | Barcelona, Catalonia, Spain, Europe | cafosa.com |
| Gumlink Confectionery Company | View profile | 11-50 | Vejle, Syddanmark, Denmark, Europe | www.gumlinkcc.com |
| miradent in Russia | View profile | 51-100 | Moscow, Moscow City, Russian Federation, Europe | miradent-russia.ru |
| Peppersmith | View profile | 1-10 | Horam, East Sussex, United Kingdom, Europe | peppersmith.co.uk/ |
| Think Gum | View profile | 1-10 | Palo Alto, California, United States, North America | www.ThinkGum.com |
| Rev Energy Gum | View profile | 11-50 | Austin, Texas, United States, North America | www.chewrevgum.com/ |
India functional chewing gums market
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 42.34% in 2019.
Horizon Databook has segmented the India 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.
One in every five people in a population of over 1.33 billion in India suffers from at least one chronic disease, be it respiratory, metabolic, or cardiovascular. The increasing prevalence of other chronic diseases like diabetes and various nutritional ailments has also led to the extensive promotion of natural functional chewing gums in India, subsequently driving the market.
Demographic changes and rapid urbanization are some of the other key factors expected to influence market growth over the forecast period.
Functional chewing gums are expected to witness high growth in weight management applications in India over the forecast period owing to increasing medical issues and rising awareness among the population about overcoming debilitating lifestyle disorders, including diabetes and obesity.
- India Functional Chewing Gums Market Product Outlook (Revenue, USD Million , 2016-2027)
- Smoking Cessation Gums
- Oral Health
- Fitness & Well Being
- Other Products
- India Functional Chewing Gums Market Distribution Channel Outlook (Revenue, USD Million , 2016-2027)
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Other Channels
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Horizon Databook provides a detailed overview of country-level data and insights on the India functional chewing gums market, including forecasts for subscribers. This country databook contains high-level insights into India functional chewing gums market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
India Functional Chewing Gums Market, 2016-2027 (US$M)
India functional chewing gums market statistics, by product, 2016-2027 (US$M)
