Global nicotine gum market is expected to grow at a formidable rate during the forecast period owing to increasing awareness about the harmful effects of cigarette smoking and growing number of people opting to quit smoking. Smoking tobacco can cause rheumatoid arthritis, lung diseases such as chronic obstructive pulmonary, reduce pregnancy chances, and can affect a baby’s health before and after birth. With the help of advertisements and government initiatives, more and more people are now getting aware of the harmful effects of smoking. This is further expected to propel the growth of nicotine gum market in the coming years.
Nicotine gum is a smoking cessation product which helps addicted smokers to slowly overcome nicotine addiction. Nicotine is released on chewing gum and is absorbed into the bloodstream of an individual through the lining of the mouth that helps smokers to slowly lower their craving for nicotine.
Nicotine gum market also faces some challenges. The emergence of e-cigarettes has considerably challenged the growth of the market. Also, the availability of many substitute products such as Nicotine patches, nicotine snus, nasal sprays, inhalers, and lozenges might create hindrance in the overall growth of nicotine gum market.
The global nicotine gum market is segmented based on
Based on application, the global nicotine market is segmented into
Major players operating in the global nicotine gum market include Novartis AG, Johnson & Johnson, ITC Limited, GlaxoSmithKline plc, British American Tobacco, Perrigo Company plc, Reynolds American Inc, Cipla Inc., TRUMAC HEALTHCARE, Alkalon A/S, Alchem International Pvt. Ltd., ENORAMA PHARMA AB, Fertin Pharma, among others. The nicotine gum companies are coming up with innovative products and focusing on attractive packaging to attract the potential buyers.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze and estimate the market size of global nicotine gum market from 2016 to 2019.
- To estimate and forecast the market size of global nicotine gum market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast global nicotine gum market based on product type, application, distribution channel, company and regional distribution.
- To identify dominant region or segment in the global nicotine gum market.
- To identify drivers and challenges for global nicotine gum market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global nicotine gum market.
- To conduct pricing analysis for global nicotine gum market.
- To identify and analyze the profile of leading players operating in global nicotine gum market.
- To identify key sustainable strategies adopted by market players in global nicotine gum market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of nicotine gum manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the nicotine gum manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the materials used in manufacturing nicotine gum, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Nicotine gum manufacturers, suppliers, distributors and other stakeholders.
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to nicotine gum
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as nicotine gum manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
