NEW
YORK, July 15, 2024 /PRNewswire/ -- The
global nicotine gum market size is estimated to grow by
USD 1.34 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 5.71% during the forecast
period. Increasing number of people trying to quit
smoking is driving market growth, with a trend
towards growing new product launches related to nicotine.
However, health issues associated with smoking cessation
products poses a challenge. Key market players include Alchem
International Pvt. Ltd., Alkalon AS, British American Tobacco Plc,
Cambrex Corp., Cipla Inc., Dr Reddys Laboratories Ltd., Enorama
Pharma AB, Fertin Pharma AS, GlaxoSmithKline Plc, Glenmark
Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Services Inc.,
Leeford Healthcare Ltd., Lil Drug Store Products Inc., Lucy Goods
Inc., Major Pharmaceuticals Inc., Perrigo Co. Plc, Rogue Holdings
LLC, Trumac Healthcare, and Walgreens Boots Alliance Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (2-mg nicotine
and 4-mg nicotine), Distribution Channel (Offline and Online), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Alchem International
Pvt. Ltd., Alkalon AS, British American Tobacco Plc, Cambrex Corp.,
Cipla Inc., Dr Reddys Laboratories Ltd., Enorama Pharma AB, Fertin
Pharma AS, GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC
Ltd., Johnson and Johnson Services Inc., Leeford Healthcare Ltd.,
Lil Drug Store Products Inc., Lucy Goods Inc., Major
Pharmaceuticals Inc., Perrigo Co. Plc, Rogue Holdings LLC, Trumac
Healthcare, and Walgreens Boots Alliance Inc.
|
Key Market Trends Fueling Growth
New product launches, such as Perrigo Company plc's latest 2 mg
and 4 mg nicotine-coated mint lozenges, are essential for market
growth in the nicotine gum industry. These lozenges, approved by
the US Food and Drug Administration for over-the-counter sale, will
be available under retailer's store brands and are anticipated to
generate significant revenue. With sales of approximately
USD20 million for the equivalent
national brand product in the previous year, the market potential
is substantial. These new offerings will help companies increase
market share and cater to consumers seeking smoking cessation
solutions.
Nicotine gum is a popular nicotine replacement therapy (NRT)
product used by individuals looking to quit tobacco consumption.
The global nicotine gum market is witnessing significant growth due
to increasing health awareness and rising concerns over the harmful
effects of tobacco smoke on lung cancer, cardiac diseases, and
respiratory disorders. Nicorette, a leading brand of nicotine gum,
dominates the market with long-lasting gums in 2mg and 4mg
strengths. Healthcare professionals recommend NRTs like nicotine
gum as effective tools for managing nicotine cravings during
smoking cessation programs. New flavors and convenient delivery
systems are trending in the market to attract health-conscious
consumers, including light smokers. Pharmacies, online stores, and
rehab centers stock a range of NRTs, including tablets, powders,
and chewing gums. Nicotine patches are also popular smoking
cessation aids. Changing consumer preferences and smoking cessation
awareness campaigns are driving market growth. However, the market
faces competition from other NRTs and cigarette promotion,
highlighting the need for effective health education and smoking
cessation programs.
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Market Challenges
• The nicotine
gum market may experience hindrances due to growing awareness
regarding the potential health risks associated with smoking
cessation products. Long-term usage of nicotine gums can lead to
various health issues, including hair loss, skin irritation,
elevated blood pressure, irregular heartbeat, insulin resistance,
gastrointestinal problems, nausea, and dental problems such as
teeth and jaw issues from continuous chewing. Additionally,
nicotine patches have side effects like skin irritation, itching,
dizziness, and headache. Furthermore, research indicates that
e-cigarettes, which are alternative smoking cessation methods,
contain harmful ingredients like propylene glycol and vegetable
glycerin, and produce toxic chemicals such as acetaldehyde,
acrolein, and formaldehyde, which can lead to lung and
cardiovascular diseases. The health risks associated with these
products may deter consumers and hinder the growth of the global
nicotine gum market during the forecast period.
• The Nicotine
Gum market faces several challenges in the current scenario.
Traditional flavors are no longer sufficient for consumers, leading
to the need for new and innovative flavors. Convenient delivery
systems are in high demand, with chewing gums, tablets, powders,
lozenges, dissolvable films, and tiny nicotine pouches gaining
popularity. Smoking cessation programs are essential, with the 2mg
and 4mg segments being the most popular among smokers and light
smokers. Pharmacies, rehab centers, health organizations, online
stores, and smoking cessation aids are key players in this market.
However, health risks associated with nicotine gums, such as heart
conditions and respiratory problems, remain a concern. Tobacco use
promotion and cigarette advertising continue to pose challenges.
Health awareness campaigns and personalized nicotine gum offerings
are crucial to attract health-conscious consumers. The market is
evolving, with a focus on heart disease prevention, changing
consumer preferences, and smoking cessation awareness. Nicotine
patches and other smoking cessation aids are also significant
competitors.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This nicotine gum market report extensively covers market
segmentation by
- Product
- 1.1 2-mg nicotine
- 1.2 4-mg nicotine
- Distribution Channel
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 2-mg nicotine- The Nicotine Gum market is
growing steadily due to increasing health consciousness and the
desire to quit smoking. Nicotine gum is an effective alternative
for smokers looking to reduce their nicotine intake or quit smoking
altogether. Major players in the market include Wrigley, Pfizer,
and GlaxoSmithKline. These companies invest in research and
development to improve product offerings and meet consumer demand.
Nicotine gum comes in various strengths and flavors, making it
accessible to a wide range of consumers. The market is expected to
continue growing due to its effectiveness and convenience as a
smoking cessation aid.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
Arabia's Natural Gum Market shows robust growth driven by rising
demand for sustainable and natural ingredients in various
industries. Key players are innovating with eco-friendly extraction
methods to meet this demand.
Global Natural Gum Market is expanding, fueled by increasing
applications in food, pharmaceuticals, and cosmetics, driven by
consumer preference for organic and healthy products.
Chewing Gum Market continues to grow globally, supported by new
flavors and formulations catering to diverse consumer tastes and
health-conscious trends. Major players are focusing on product
innovation and sustainability to maintain market
competitiveness.
Research Analysis
Nicotine gum is a popular nicotine replacement therapy (NRT)
used to help individuals quit tobacco consumption and manage
nicotine cravings. Unlike tobacco products, such as cigarettes,
nicotine gum does not contain harmful chemicals found in tobacco
smoke, which are known to cause lung cancer, cardiac diseases, and
respiratory disorders. Nicotine gum is available over the counter
at pharmacies and comes in various forms, including long-lasting
gums. Healthcare professionals often recommend nicotine gum as part
of a comprehensive smoking cessation program, which may also
include nicotine patches and other NRTs. Smoking cessation aids
like nicotine gum can help reduce the risk of health problems
associated with tobacco use, including heart conditions and
respiratory problems. As health awareness grows, the demand for
nicotine gum and other NRTs is expected to increase. However, it is
important to note that nicotine gum should only be used under the
guidance of a healthcare professional, especially for those with
underlying health conditions.
Market Research Overview
Nicotine gum is a type of nicotine replacement therapy (NRT)
that helps individuals quit tobacco consumption by providing a
controlled dose of nicotine to manage cravings. Nicotine gum is
available in various forms, including long-lasting gums, tablets,
chewing gums, powders, and lozenges. The global nicotine gum market
is driven by the increasing health risks associated with tobacco
use, such as lung cancer, cardiac diseases, and respiratory
disorders. Healthcare professionals recommend nicotine gum as a
smoking cessation aid for individuals dealing with nicotine
cravings. New flavors and convenient delivery systems are
attracting health-conscious consumers and light smokers. The market
includes nicotine gum, lozenges, dissolvable films, and tiny
nicotine pouches. Changing consumer preferences and smoking
cessation awareness programs are also contributing to the market's
growth. Despite the health benefits, nicotine gum contains
nicotine, a harmful chemical found in tobacco smoke, so it's
essential to use it under the guidance of healthcare professionals.
The market includes various segments, such as 2mg and 4mg nicotine
strengths, pharmacies, online stores, and rehab centers. Nicotine
patches and other NRTs are also available, but nicotine gum offers
a more personalized experience for users. Health organizations and
pharmaceutical companies are investing in research and development
to create more effective and convenient nicotine gum products.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- 2-mg Nicotine
- 4-mg Nicotine
- Distribution Channel
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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