Nicotine gum market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. The growing awareness regarding the health hazards associated with smoking is growing the nicotine gum market across the globe during the forecast period as quitting smoking lowers risk for smoking-related diseases and improves health. Cigarette smoking harms nearly every organ of the body, causes many diseases, and reduces the health of smokers in general. According to the WHO latest report of 2022, tobacco kills more than 8 million people each year. More than 7 million of those deaths are the result of direct tobacco use while around 1.2 million are the result of non-smokers being exposed to second-hand smoke. In 2020, 22.3% of the global population used tobacco, 36.7% of all men and 7.8% of the world’s women, also around 80% of the world’s 1.3 billion tobacco users live in low- and middle-income countries hence creating demand for nicotine gums in these countries more. All forms of tobacco are harmful, and there is no safe level of exposure to tobacco. Cigarette smoking is the most common form of tobacco use worldwide. Other tobacco products include waterpipe tobacco, various smokeless tobacco products, cigars, cigarillos, roll-your-own tobacco, pipe tobacco, and bidis which are widely consumed by people across the globe, which rises diseases and indirectly propels the demand for nicotine gum.
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The global nicotine gum market is segmented based on product type and distribution channel. Based on the product type, the market is segmented into 2mg nicotine gum, 4 mg nicotine gum, and 6 mg nicotine gum. Based on distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, pharmacy, and online retail stores. The above mentioned segments can be customized as per the requirements.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Nicotine Gum Market Report Segment
By Product Type
- 2 Mg Nicotine Gum
- 4 Mg Nicotine Gum
- 6 Mg Nicotine Gum
By Distribution Channel
- Supermarkets/ Hypermarkets
- Pharmacy
- Online Retail Stores
Global Nicotine Gum Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global nicotine gum market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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