Authored By: Sarah
11 Jul 2024

 Tobacco Alternative Gums Market Size to grow by USD 1091.44 million between 2024-2028

According to a research report “ Tobacco Alternative Gums Market” by Product (Nicotine gums, Herbal gums, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1091.44 million, at a CAGR of almost 5.7% during the forecast period. The Tobacco Alternative Gums Market caters to the demand for nicotine replacement therapies, specifically nicotine gum, in the smoking cessation process. This product offers a viable solution for individuals seeking to reduce their nicotine intake and manage addiction. By providing fast relief from irritability and mood swings, as well as reducing the urge to smoke, nicotine gum enables smokers to gradually wean off tobacco use. Additionally, it mitigates inconveniences associated with smoking cessation, contributing to a more seamless transition towards a nicotine-free lifestyle.

Browse market data tables, figures, and in-depth TOC on “Tobacco Alternative Gums Market” by Product (Nicotine gums, Herbal gums, Others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Product, the Nicotine gums segment is projected to dominate the market size in 2024

In the business landscape of the Tobacco Alternative Gums Market, offline distribution channels play a pivotal role. Pharmacies and chemist outlets, as key players, sell these gums as over-the-counter (OTC) items without a prescription. Supermarkets and hypermarkets, with their expanding presence due to the growth of the organized retail sector, dominate the distribution landscape. The burgeoning retail industry and the proliferation of retail outlets significantly boost sales in this segment.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024

The Tobacco Alternative Gums Market has experienced significant growth due to the rising demand for smoking cessation aids. This surge can be attributed to heightened health consciousness and the desire to quit smoking. Nicotine gums offer a convenient and less harmful alternative, making them an attractive choice for individuals seeking to manage nicotine cravings. Effectiveness, accessibility, and a diverse range of flavors are key selling points for this market segment. For those with moderate nicotine dependence, 2 mg nicotine gums are often sufficient. Smoking cessation programs advocate for a step-down approach, making higher nicotine doses available initially and gradually reducing the amount over time.

North America is forecasted to hold the largest market size by region in 2024

In North America, the tobacco alternative gums market experiences significant expansion, fueled by the escalating preference for nicotine replacement therapy. The surge in demand for tobacco alternatives is primarily attributed to the increasing number of individuals endeavoring to cease smoking. Governments' anti-smoking initiatives further bolster market growth. Tobacco alternative gums serve as an essential component of nicotine replacement therapy, facilitating a gradual cessation of smoking behavior.

The Tobacco Alternative Gums Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alchem International Pvt. Ltd.
  • Alkalon AS
  • Cambrex Corp.
  • CBD Chewing Gum UK
  • Cipla Ltd.
  • GlaxoSmithKline Plc
  • ITC Ltd.
  • Jakes Mint Chew
  • Johnson and Johnson
  • Just Chew LLC
  • Lucy Goods
  • Per Os Biosciences LLC
  • Perrigo Co. Plc
  • Philip Morris International Inc.
  • Rite Aid Corp.
  • Smokey Mountain Chew Inc.
  • Target Corp.
  • Walmart Inc.
  • CVS Health Corp.
  • Sigma Healthcare Ltd.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Tobacco Alternative Gums market has witnessed a heightened interest due to health concerns associated with conventional tobacco items, such as cigarettes and chewing tobacco. Consumers are seeking healthier substitutes with a gradual transition from higher nicotine content to balanced and specified quantities. The market offers diverse flavors, including fruit options and mint, catering to user experience preferences. Compliance with global awareness and health regulations is mandatory, leading to increased adoption of nicotine delivery systems like lozenges and patches. These alternatives provide a gradual reduction in nicotine intake, helping users manage cravings and withdrawal symptoms. The market continues to evolve, offering stronger alternatives with reduced concentrations of the addictive component, nicotine, while maintaining diverse flavor profiles and delivery systems to cater to a wide range of consumer preferences.

Market Research Overview

In the current market landscape, there is an increased demand for tobacco alternatives due to overarching health objectives. Smoking cessation initiatives have gained a pivotal role in addressing tobacco consumption among health-conscious consumers. Less harmful options, such as tobacco alternative gums, have become immediate purchase options for a diverse demographic. Convenience Stores, Supermarkets and Hypermarkets, and Chemist Outlets have become key retail environments for these products, driving foot traffic and professional guidance. Tobacco alternative gums offer a controlled environment for nicotine delivery, catering to individual preferences and variable nicotine content. The quitting process can be more flexible with personalized strategies, gradual transition, and balance between nicotine levels and cravings. Fruit options, mint, and diverse flavors with specific flavor profiles enhance the user experience. Delivery systems like lozenges and patches provide nicotine reduction at specified quantities, mitigating withdrawal symptoms. The global awareness of health concerns has led to heightened interest in healthier substitutes for conventional tobacco items like chewing tobacco and cigarettes. Compliance with smoking cessation regulations and increased adoption of these alternatives contribute to the market growth. Despite the availability of reduced concentrations and gradual reduction options, the addictive component of nicotine remains a challenge. Stronger alternatives with higher nicotine content may cater to some users, but a gradual transition is essential for long-term success.

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/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio