Global Nicotine Gum Market 2024-2028
The nicotine gum market is forecasted to grow by USD 1349.1 mn during 2023-2028, accelerating at a CAGR of 5.71% during the forecast period. The report on the nicotine gum market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increasing number of people trying to quit smoking, increasing awareness about the harmful effects of cigarette smoking, and growing cases of chronic diseases due to smoking.
Technavio's nicotine gum market is segmented as below:
By Product
- 2-mg nicotine
- 4-mg nicotine
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing new product launches related to nicotine as one of the prime reasons driving the nicotine gum market growth during the next few years. Also, growing addiction to nicotine gums and increasing awareness regarding health hazards associated with smoking will lead to sizable demand in the market.
The report on the nicotine gum market covers the following areas:
- Nicotine gum market sizing
- Nicotine gum market forecast
- Nicotine gum market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nicotine gum market vendors including Alchem International Pvt. Ltd., Alkalon AS, British American Tobacco Plc, Cambrex Corp., Cipla Inc., Dr Reddys Laboratories Ltd., Enorama Pharma AB, Fertin Pharma AS, GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Services Inc., Leeford Healthcare Ltd., Lil Drug Store Products Inc., Lucy Goods Inc., Major Pharmaceuticals Inc., Perrigo Co. Plc, Rogue Holdings LLC, Trumac Healthcare, and Walgreens Boots Alliance Inc.. Also, the nicotine gum market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.