Global Nicotine Gum Market Size, Share & Trends Analysis Report By Type (2 mg and 4 mg), By Distribution Channel (Pharmacies, Supermarkets & Hypermarkets, and Online Stores. By Regional Outlook and Forecast, 2024 - 2031

Global Nicotine Gum Market Size, Share & Trends Analysis Report By Type (2 mg and 4 mg), By Distribution Channel (Pharmacies, Supermarkets & Hypermarkets, and Online Stores. By Regional Outlook and Forecast, 2024 - 2031

The Global Nicotine Gum Market size is expected to reach $2 billion by 2031, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 40,162.58 thousand units (100pcs. Per pack) experiencing a growth of 2.2% (2020-2023).

Several governments in the Asia Pacific are putting stronger tobacco control laws and regulations into effect to lower smoking rates. Policies supporting smoking cessation programs and endorsing NRTs like this gum further drive demand for these products among smokers looking to quit. Therefore, the Asia pacific region would acquire nearly 23% of the total market share by 2031. Also, the China market would consume 2,597.52 thousand units of these gums by 2031.

As people become more aware of the severe health risks linked to smoking, including cancer, heart disease, respiratory issues, and other chronic conditions, they are more motivated to quit. In addition, healthcare providers frequently recommend this gum as part of smoking cessation programs. In conclusion, increasing awareness of health risks drives the market's growth. Additionally, Due expanding distribution channels, this gum becomes more accessible to a broader population of smokers seeking cessation aids. Due expanding distribution channels, nicotine gum becomes more accessible to a broader population of smokers seeking cessation aids. In conclusion, expanding the distribution channels is driving the market's growth.

However, Heavy smokers typically have a higher level of nicotine dependence, which means they require a larger amount of nicotine to satisfy their cravings and avoid withdrawal symptoms. In addition, to compensate for the lower nicotine dose, heavy smokers may need to use this gum more Type Outlook

Based on type, the market is divided into 2mg and 4mg. The 4mg segment attained 44% significant revenue share in the market in 2023. The segment recorded a volume of 16,662.13 thousand units in 2023. Individuals who smoke heavily or are highly dependent on nicotine often require higher doses to manage cravings and withdrawal symptoms effectively.

Distribution Channel Outlook

On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, pharmacies, and online stores. In 2023, the supermarkets and hypermarkets segment attained 32% revenue share in the market. Supermarkets and hypermarkets typically stock diverse nicotine gum brands, flavors, and strengths, catering to various consumer preferences and smoking cessation needs. This variety allows consumers to compare products and choose options that best suit their nicotine dependence level and taste preferences.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 42% revenue share in the market in 2023. Historically, North America has had relatively high smoking rates compared to other regions. The prevalence of smoking has led to a significant market for smoking cessation products like nicotine gum, which helps individuals manage nicotine cravings and reduce tobacco consumption.

List of Key Companies Profiled

• Johnson & Johnson
• Novartis AG
• ITC Limited
• Cipla Limited
• Perrigo Company PLC
• Philip Morris International, Inc.
• ALCHEM INTERNATIONAL PVT. LTD.
• Alkalon A/S

Global Nicotine Gum Market Report Segmentation

By Type (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

• 2 mg
• 4 mg

By Distribution Channel (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

• Pharmacies
• Supermarkets & Hypermarkets
• Online Stores

By Geography (Volume, thousand units (100pcs. Per pack), USD Billion, 2020-2031)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA