Product ID: SQSG35I2048
Report ID:
SQSG35I2048 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
64 |
Figures:
75
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.
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REQUEST FREE CUSTOMIZATIONNicotine 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).
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Product ID: SQSG35I2048