The Nicotine Gum Global Market Report 2023, provides comprehensive information on the nicotine gum market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global nicotine gum market is expected to grow from $1.47 billion in 2022 to $1.56 billion in 2023 at a compound annual growth rate (CAGR) of 6.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market is expected to reach $1.93 billion in 2027 at a CAGR of 5.37%.
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Strategic partnerships are the key trend gaining popularity in the nicotine gum market. Major companies operating in nicotine gum market are focused on forming strategic alliances to strengthen their position in the market. For instance, in March 2022, Nicorette, a US-based smoking cessation brand that offers nicotine gums partnered with Nicoderm CQ, a brand of GSK Consumer Healthcare, a US-based biopharma company. Through this partnership, the companies revealed a brand update, including new visual brand language and assets, to build a more personal, inclusive, and emotionally resonant interaction with customers across all channels to better address the increasing requirements of smokers and offer nicotine replacement therapy (NRT) solutions for nicotine free goal. Similarly, in February 2022, Enorama Pharma AB, a Sweden-based pharmaceutical company partnered with Betapharm Arzneimittel GmbH to launch the generic nicotine chewing gum in the German market under the brand name Nicotine beta and is also working on a smoking cessation program that can be available online soon. Betapharm Arzneimittel GmbH (Betapharm) is a Germany-based pharmaceutical market.
The nicotine gum market is segmented:
1) By Type: 2 Mg Nicotine Gum, 4 Mg Nicotine Gum, 6 Mg Nicotine Gum
2) By Category: Flavored, Plain
3) By Distribution Channel: Retail Pharmacies, Specialty Stores, Online Stores, Other Distribution Channels
4) By Application: Withdrawal Clinics, Medical Practice, Individual Smokers, Other Applications
North America was the largest region in the nicotine gum market in 2022.
The table of contents in TBRC’s nicotine gum market report includes:
1. Executive Summary
2. Nicotine Gum Market Characteristics
3. Nicotine Gum Market Trends And Strategies
4. Nicotine Gum Market – Macro Economic Scenario
5. Nicotine Gum Market Segmentation
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26. South America Nicotine Gum Market
27. Brazil Nicotine Gum Market
28. Middle East Nicotine Gum Market
29. Africa Nicotine Gum Market
30. Nicotine Gum Market Competitive Landscape And Company Profiles
Top Major Players:
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