Global Nicotine Gum Market Growth 2024-2030

Global Nicotine Gum Market Growth 2024-2030

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 global Nicotine Gum market size is projected to grow from US$ 434 million in 2024 to US$ 635 million in 2030; it is expected to grow at a CAGR of 6.5% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Nicotine Gum Industry Forecast” looks at past sales and reviews total world Nicotine Gum sales in 2023, providing a comprehensive analysis by region and market sector of projected Nicotine Gum sales for 2024 through 2030. 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 Channel, 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 main manufacturers in the global nicotine gum market include HALEON (GSK), Johnson & Johnson, Perrigo Company and other companies. The top three companies account for approximately 58% of the global market share. Europe is currently the world's largest nicotine gum market, accounting for approximately 41% of the market, followed by North America and Asia-Pacific.

In terms of product type, 2 mg nicotine gum occupies a dominant position, accounting for 59% of the market share. At the same time, in terms of channel, individual smokers are the largest channel, accounting for 83%.

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.

Segmentation by Type:
2 mg Nicotine Gum
4 mg Nicotine Gum
6 mg Nicotine Gum

Segmentation by Channel:
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 analysing the company's coverage, product portfolio, its market penetration.
HALEON (GSK)
Johnson & Johnson
Perrigo Company
Cipla
Dr. Reddy's Laboratories
Biophore (Zenara)
Alkalon A/S
Fertin Pharma
Lucy

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 by Type, by Channel?

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