Global Tobacco Alternative Gums Market 2024-2028
The tobacco alternative gums market is forecasted to grow by USD 1091.44 mn during 2023-2028, accelerating at a CAGR of 5.7% during the forecast period. The report on the tobacco alternative gums 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 increasing demand for nicotine gum in smoking cessation therapy, rising prices of cigarettes, and increasing awareness about harmful effects of cigarette smoking.
Technavio's tobacco alternative gums market is segmented as below:
ByProduct
- Nicotine gums
- Herbal gums
- Others
ByDistribution Channel
ByGeography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing online presence of tobacco alternative gum vendors as one of the prime reasons driving the tobacco alternative gums market growth during the next few years. Also, introduction of tobacco alternative products and increasing adoption of CBD-infused gums will lead to sizable demand in the market.
The report on the tobacco alternative gums market covers the following areas:
- Tobacco alternative gums market sizing
- Tobacco alternative gums market forecast
- Tobacco alternative gums 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 tobacco alternative gums market vendors that include Alchem International Pvt. Ltd., Alkalon AS, Cambrex Corp., CBD Chewing Gum UK, Cipla Ltd., GlaxoSmithKline Plc, ITC Ltd., Jakes Mint Chew, Johnson and Johnson, Just Chew LLC, Lucy Goods, Per Os Biosciences LLC, Perrigo Co. Plc, Philip Morris International Inc., Rite Aid Corp., Smokey Mountain Chew Inc., Target Corp., Walmart Inc., CVS Health Corp., and Sigma Healthcare Ltd.. Also, the tobacco alternative gums 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 the way of study, synthesis, and summation of data from multiple sources by 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 the accurate market growth.