Global Nicotine Gum Market Growth 2023-2029

Global Nicotine Gum Market Growth 2023-2029

Nicotine gum is a smoking cessation product that helps smokers to slowly overcome nicotine addiction. Nicotine is released by chewing the gum and is absorbed into the blood stream through the lining of the mouth, which helps smokers to slowly reduce their craving for nicotine. It is one of nicotine replacement therapies (NRT’s) and it is an over-the-counter medication.

The nicotine gum is available in various dosages and can be consumed according to the level of addiction.

LPI (LP Information)' newest research report, the “Nicotine Gum Industry Forecast” looks at past sales and reviews total world Nicotine Gum sales in 2022, providing a comprehensive analysis by region and market sector of projected Nicotine Gum sales for 2023 through 2029. With Nicotine Gum sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nicotine Gum industry.

This Insight Report provides a comprehensive analysis of the global Nicotine Gum landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nicotine Gum portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nicotine Gum market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nicotine Gum and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nicotine Gum.

The global Nicotine Gum market size is projected to grow from US$ 384.5 million in 2022 to US$ 598.8 million in 2029; it is expected to grow at a CAGR of 598.8 from 2023 to 2029.

The major players in global Nicotine Gum market include GSK, Johnson & Johnson, Perrigo Company, etc. The top 3 players occupy about 65% shares of the global market. Europe is the largest market, with a share over 40%, followed by North America and Asia-Pacific. In terms of product, 2 mg Nicotine Gum is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Individual Smokers, followed by Withdrawal Clinics, Medical Practice, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Nicotine Gum market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

2 mg Nicotine Gum

4 mg Nicotine Gum

6 mg Nicotine Gum

Segmentation by application

Withdrawal Clinics

Medical Practice

Individual Smokers

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

GSK

Perrigo Company

Fertin Pharma

Johnson & Johnson

Biophore (Zenara)

Alkalon A/S

Lucy

Dr. Reddy's Laboratories

Cipla

Key Questions Addressed in this Report

What is the 10-year outlook for the global Nicotine Gum market?

What factors are driving Nicotine Gum market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Nicotine Gum market opportunities vary by end market size?

How does Nicotine Gum break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.