Nicotine Gum Market Growth Analysis | British American Tobacco Plc, Cambrex Corp., Cipla Inc. are among key contributors
Competitive Benchmarking and Vendor Forecasts for 2021-2025
The nicotine gum market is expected to grow by $ 1.01 billion, decelerating at a CAGR of almost 4.43% during the forecast period. The market is fragmented. The research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. Market players must distinguish their product and service offerings through a clear and unique value proposition in order to secure a substantial share of the market.
This report will provide a detailed study of the key players with insights into their product portfolio and future pipeline. British American Tobacco Plc, Cambrex Corp., Cipla Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Inc., Lil Drug Store Products Inc., Major Pharmaceuticals Inc., and Walgreen Co. are some of the major participants in the market.
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Nicotine Gum Market: Market Highlights
- The Nicotine gum market is segmented by Product (2-mg nicotine and 4-mg nicotine) and Geography (North America, Europe, APAC, South America, and MEA).
- North America led the market with 31% of the market growth set to originate from this region during the forecast period.
- Increasing number of people trying to quit smoking is one of the primary factors driving the growth of the nicotine gum market. Many public awareness programs and campaigns conducted across the world encourage people to stop smoking. For instance, the World Health Organization (WHO) observes May 31 every year as “World No Tobacco Day.” Such programs create awareness about the health risks associated with smoking and encourage the introduction of effective policies to reduce tobacco consumption. Initiatives such as “Campaign for Tobacco-Free Kids” help people reduce tobacco use. These kind of awareness campaigns will go a long way in driving market growth.
- The launch of new products is another factor supporting the nicotine gum market growth. Successful new product launches will help increase the revenue inflow and market share of the players. For instance, in February 2020, Lucy goods launched a new nicotine gum product with cinnamon fruit and mint-flavored nicotine gum in LA, California, US. Similarly, in July 2021, Perrigo's new 2 mg and 4 mg nicotine gum will be produced in regular, orange, and mint flavor and will be Fertin Pharma’s first launch in the US.
- The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For more insights on this market: Download a Free Sample Report
Key Focus Areas in Our Reports:
- Market segments
- Comparison by Product
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- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- British American Tobacco Plc
- Cambrex Corp.
- Cipla Inc.
- GlaxoSmithKline Plc
- Glenmark Pharmaceuticals Ltd.
- ITC Ltd.
- Johnson and Johnson Inc.
- Lil Drug Store Products Inc.
- Major Pharmaceuticals Inc.
- Walgreen Co.
Browse through some of other related market research reports for more insights:
- Functional Chewing Gum Market: Technavio has been monitoring the functional chewing gum market and it is expected to grow by USD 2.06 bn, accelerating at a CAGR of almost 4% during the forecast period.
- Smoking Cessation And Nicotine De-addiction Market: The smoking cessation and nicotine de-addiction market is expected to grow by $ 18.01 bn, accelerating at a CAGR of almost 11.59% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 4.43%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.01 bn through 2021-2025.
- What is a key factor driving this market?
Increasing number of people trying to quit smoking will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
31% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are British American Tobacco Plc, Cambrex Corp., Cipla Inc., GlaxoSmithKline Plc, Glenmark Pharmaceuticals Ltd., ITC Ltd., Johnson and Johnson Inc., Lil Drug Store Products Inc., Major Pharmaceuticals Inc., and Walgreen Co.
- What are the market segments covered in this report?
The market is segmented by Product (2-mg nicotine and 4-mg nicotine) and Geography (North America, Europe, APAC, South America, and MEA)
