USD 1.49 billion
Global Nicotine Gum Market Size, Share, Growth Analysis, By Type(2 mg nicotine gum, 4 mg nicotine gum), By Distribution channel (Supermarkets, hypermarkets) - Industry Forecast 2024-2031
Report ID:
SQSG35I2048 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
64 |
Figures:
75
Global Nicotine Gum Market Insights
Nicotine Gum Market size was valued at USD 1.49 billion in 2019 and is poised to grow from USD 1.56 billion in 2023 to USD 2.17 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).
Nicotine gum is an FDA-approved medication that can help individuals give up smoking habits. When combined with a nicotine patch, it can be used every 2 hours to prevent withdrawal symptoms or as needed for stronger cravings. Furthermore, the product belongs to a class of medications known as smoking cessation aids. It is a type of flavoured chewing gum that produces nicotine, which is then released into the smoker's bloodstream via the mouth lining, suppressing the craving for nicotine in a smoker. Previously, it was affected by COVID-19 due to impose of continuous lockdowns. To overcome COVID-19 infection, health organisations such as the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) have recommended smokers to stop smoking as a precautionary measure. The major reason driving product demand is an increase in the number of people attempting to give up smoking as a result of increasing awareness about the health risks that come with smoking.
US Nicotine Gum Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmacies
Fastest Growth
Pharmacies
Growth Rate
4.8% CAGR
Global Nicotine Gum Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Nicotine Gum Market Size By Distribution channel, 2021-2028 ($ Bn)
Global Nicotine Gum Market Size By Distribution channel, 2021-2028 (%)
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Global Nicotine Gum Market Segmental Analysis
Global nicotine gum market is segmented based on the type, distribution channel, and region. Based on type, global market is segmented into 2 mg, 4 mg, 6 mg. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, pharmacies, and online stores. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Nicotine Gum Market Analysis by Type
Based on type, global nicotine gum market is segmented into 2 mg, 4 mg, 6 mg. The 2mg segment has a sizable market share because it is beneficial to light smokers who smoke below 25 cigarettes per day. The easy accessibility of 2mg nicotine gums in a variety of flavours continues to attract potential users, which seems permitted to accelerate growth over the forecast period. Nicorette 2mg gum diminishes and controls tobacco cravings and nicotine withdrawal symptoms. It is recommended to assist people who smoke who attempt to quit or reduce their risk of quitting, to help smokers who are unwilling or unable to quit, and to serve as a relatively safe substitute for smoking for smokers and those around them.
Nicotine Gum Market Analysis by Distribution Channel
Based on distribution channel, the nicotine gum market is segmented into supermarkets and hypermarkets, pharmacies, and online stores. The pharmacies segment is holding the largest market share as it gives assurance of quality products and maintains consumer trust. The product sales and marketing are anticipated to significantly increase during the analysis period with general practitioners and trained pharmacists.
The online stores segment may register the fastest growth during the analysis period as it provides flexibility, convenience, and comfort during the online purchase of medicines, which is propelling the segment growth. The discounts offered by online retail pharmacies are also favouring the market growth over the aforementioned forecast period.
Global Nicotine Gum Market By Distribution channel, 2021 (%), 2023 (%)
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Global Nicotine Gum Market Regional Insights
North America has seen an increase in the percentage of health-conscious consumers, which has been bolstered by campaigns and government initiatives, propelling regional market growth. Furthermore, the region is home to significant brands that are focusing on product innovation in order to capitalise on rising demand and gain a competitive edge in the market.
Europe is also holding a significant share due to increased nicotine product sales in countries such as the United Kingdom, Germany, France, Italy, and others. Furthermore, the regional government is putting a heavy emphasis on implementing smoking cessation strategies.
Asia Pacific is, however, estimated to grow with the fastest CAGR over the analysis period owing to the increasing demand for products which are more developed, increasing competitiveness among tobacco companies, and also rising business opportunities, particularly in Japan continues to drive the growth over the forecasting years. Strict anti-smoking regulations enacted in China and India are anticipated to increase demand for replacement products like gums.
Global Nicotine Gum Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Nicotine Gum Market Dynamics
Nicotine Gum Market Driver
- The rising prevalence of diseases such as lung cancer, heart disease, and respiratory problems is driving the market. In reality, it is caused by rising tobacco use in unique ways that endangers global public safety. Such factor could propel the nicotine gum market forward.
Nicotine Gum Market Restraint
- Some common adverse reactions of nicotine gum include high blood pressure, rapid heart rate, dizziness, insomnia, irritability, loss of appetite, indigestion, heartburn, vomiting, and hiccups. Furthermore, if it is chewed frequently and for an extended period of time, it causes nausea and abdominal distress. As a result, such factor is predicted to suppress market growth during the forecast period.
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Global Nicotine Gum Market Competitive Landscape
Global nicotine gum market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Nicotine Gum Market Top Player's Company Profiles
- GlaxoSmithKline
- Johnson & Johnson
- Perrigo Company plc
- Pfizer Inc.
- Novartis AG
- Revolymer PLC
- Cambrex Corporation
- Fertin Pharma A/S
- Alchem International Ltd.
- Dr. Reddy's Laboratories Ltd.
- ConfiDent AB
- MCNEIL-PPC, Inc.
- Tendex Holdings Limited
- Parnell Pharmaceuticals Inc.
- Takeda Pharmaceutical Company Limited
- LEO Pharma A/S
- Sun Pharmaceutical Industries Ltd.
- Perrigo UK FINCO Limited
- Pharmacia Corporation
- Procter & Gamble Co.
Nicotine Gum Market Recent Developments
- In October 2022, the Department of Health in England launched vaping and smoking campaign— Stoptober.
- In July 2021, Fertin Pharma was acquired by Philip Morris International. Fertin Pharma develops and manufactures pharmaceutical and well-being products using oral and intra-oral delivery systems.
Global Nicotine Gum Key Market Trends
- In the coming years, the market will benefit from increased health consciousness and a transition toward a healthier lifestyle. The government's emphasis on lowering smoking rates has increased significantly. Governments in all regions support broad approaches to tobacco control, along with a variety of actions such as a ban on tobacco promotion and advertising. It includes gradually increasing tobacco taxes in conjunction with measures to combat smuggling, which may limit smoking in the working place and public places.
Global Nicotine Gum Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global nicotine gum market analysis, Asia Pacific, because of strong demand for innovative products, is expected to drive market growth in the region during the forecasting years. The market has witnessed a significant increase in the demand for nicotine cessation from rehab centres and health care institutions in both developed and developing countries around the world. However, some people may experience indigestion and flatulence as a result of the product’s side effect.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.49 billion |
| Market size value in 2031 | USD 2.17 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Nicotine Gum Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Nicotine Gum Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Nicotine Gum Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nicotine Gum Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nicotine Gum Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nicotine Gum Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Nicotine Gum Market Report Snapshots
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