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Functional Chewing Gum Market Recorded 3.29% YOY Growth Rate in 2021|Recycling Chewing Gum into New Polymers is a Major Trend Fueling the Market |17000+ Technavio Reports – PR Newswire

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NEW YORK , June 1, 2022 /PRNewswire/ — The "Functional Chewing Gum Market by Product (Oral health gum, Nicotine gum, Weight gum, and Lifestyle gum) and Geographic (APAC, Europe, North America, MEA, and South America) – Forecast and Analysis 2021-2025" report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The functional chewing gum market size is expected to increase by USD 2.06 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%. The key trend fueling the functional chewing gum market growth is recycling chewing gum into new polymers. The lack of efficient disposal techniques is one of the major challenges faced by the global functional chewing gum market. The governments of various countries, as well as local councils, spend millions of dollars to clean gum litter on the streets. Moreover, there is no real front-end solution in the market that is addressing gum litter with a recycling solution. Thus, Anna Bullus decided to develop a recycling solution to reduce gum litter in the UK in 2009 and launched Gumdrop Ltd (Gumdrop). Gumdrop is the first company in the world to recycle chewing gum into a range of new polymers that can be used in the rubber and plastics industry. Chewing gum is collected in Gumdrop bins distributed throughout the UK. Gumdrop also collaborates with manufacturers and companies globally to make products from recycled and processed chewing gum. Therefore, the recycling of chewing gum into new polymers will be a key trend influencing the growth of the market during the forecast period.
To know about other trends – Download a sample now!
Key Market Dynamics:
To learn about additional key drivers, and challenges-  Download our Sample Report right now!
Segmentation Analysis:
The functional chewing gum market report is segmented by Product (Oral health gum, Nicotine gum, Weight gum, and Lifestyle gum) and Geographic (APAC, Europe, North America, MEA, and South America).  
View our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The functional chewing gum market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
·         
The competitive scenario provided in the Functional Chewing Gum Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Functional Chewing Gum Market Forecast Report –  Buy Now!
Related Reports:
Functional Chewing Gum Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of  4%
Market growth 2021-2025
USD 2.06 billion
Market structure
Fragmented
YoY growth (%)
3.29
Performing market contribution
APAC at 58%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
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
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
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