Global Nicotine Gum Market Research Report- Forecast to 2027

Global Nicotine Gum Market Information- by Dosage Type (2mg, 4mg and others) and Region Forecast to 2027

ID: MRFR/F-B & N/1640-CR | February 2017 | Region: Global | 79 pages

Market Overview:


Nicotine Gum is an alternative prescribed by doctors to resist smoking. It acts as a smoking cessation item that enables a smoker's mind and addiction to overcome the actual nicotine intake. It is a type of flavored chewing gum that releases nicotine, which is further releases into the smoker's bloodstream through the mouth’s lining which eventually suppresses the craving for nicotine in a smoker. Doctors provide these nicotine chewing gums as smoking replacement therapies to act as nicotine stimulators within smokers. Nicotine Replacement Therapy (NRT) is the basic treatment prescribed by doctors these days to deal with chain smokers.


The Global Nicotine Gum market has seen an upward trend since the birth of the industry. The Global Nicotine Gum market is driven by factors like rising in health awareness, the introduction of new, exclusive flavors like lemon, apple, fruit, cinnamon, fruit, and others in nicotine gum to attract more smokers, positive consumer's known effects that have quit smoking, protection against oral mucosa, throat-moistening qualities, fluid-engendering qualities, reduced cigarette consumption, and many other health benefits. Although, chain smokers could have withdrawal systems like increased blood pressure, increased heart rate, oral irritation, hiccups, dental pain, nausea, indigestion, and heartburn.


The Global Nicotine Gum Market is expected to generate a revenue of more than 6,810.3 Million US dollars by the end of the forecast period. The Global Nicotine Gum Market is expected to register a CAGR of 5.00% by the year 2027.


COVID-19 Analysis:


COVID-19 virus came as a wave of cough, cold, and fever which has now become a full-blown pandemic worldwide. All the 213 countries around the world have declared a state of national emergency to create defensive strategies and combat the virus. With the worsening cases of the global pandemic worldwide, many nations declared lockdowns state-wise and country-wise. Travel, transportation, communication was a complete bust during these times. To deal with the second wave of the virus stricter rules and regulations are being implicated. People survived the lockdowns on necessities. With panic buying the market of cigarettes increased thus declining the nicotine gum market value. To deal with the stress of pandemic more people started the habit of smoking. Although the Nicotine Gum market saw steadiness during the pandemic times, it is expected to regain its market value and volume during the forecast period.


Market Dynamics:


Drivers:
- Decreases the cessation smoking sensation.
- Proven effective to over smoking addiction.
- Suppresses the craving for nicotine in a smoker.
- Rise in health awareness and shift towards a healthy lifestyle.
- Introduction of new, exclusive flavors like lemon, apple, fruit, cinnamon, fruit, and others in nicotine gum to attract more smokers.
- Protection against oral mucosa.
- Throat-moistening and fluid-engendering qualities that release nicotine into the smoker's bloodstream through the mouth’s lining and increasing stimulus.
- Successful implementation of Nicotine Replacement Therapy (NRT) has increased the therapy demand.
- Government's interest in increasing health awareness and highlighting the harms caused by smoking.
- Rising interest of manufactures to deliver a quality product.

Challenges:


- Withdrawal systems like increased blood pressure, increased heart rate, oral irritation, hiccups, dental pain, nausea, indigestion, and heartburn.


Technology Analysis:


Nicotine Gum is a type of flavored chewing gum that releases nicotine, which is further releases into the smoker's bloodstream through the mouth’s lining which eventually suppresses the craving for nicotine in a smoker. It acts as a smoking cessation item that enables a smoker's mind and addiction to overcome the actual nicotine intake. Nicotine Gum is an alternative prescribed by doctors often called replacement therapies to resist smoking. Nicotine Replacement Therapy (NRT) is the basic treatment prescribed by doctors these days to deal with chain smokers.


The Global Nicotine Gum market has seen an upward trend since the birth of the industry. The Global Nicotine Gum market is driven by factors like rising in health awareness, the introduction of new, exclusive flavors like lemon, apple, fruit, cinnamon, fruit, and others in nicotine gum to attract more smokers, positive consumer's known effects that have quit smoking, protection against oral mucosa, throat-moistening qualities, fluid-engendering qualities, reduced cigarette consumption, and many other health benefits. Although, chain smokers could have withdrawal systems like increased blood pressure, increased heart rate, oral irritation, hiccups, dental pain, nausea, indigestion, and heartburn. The government's interest in increasing health awareness and highlighting the harms caused by smoking and the rising interest of manufactures to deliver a quality product has proved beneficial to the Nicotine gum market.


Study Objectives:


 The study objectives of the Global Nicotine Gum Market report are:


- To estimate and predict the market size, market value, market share, and market volume.


- A detailed analysis of technology analysis, demand, and supply chain analysis.


- Overview of market segmentation.


- Regional analysis and key intenders of the industry.


- High-profile companies which are involved in the market growth and their recent developments.


- Challenges faced by the market.


- Estimate of market revenue and CAGR during the forecast period.


Segment Overview:


By Type:


The Global Nicotine Gum Market is segmented by type as 2 Mg Nicotine Gum, 4 Mg Nicotine Gum, and 6 Mg Nicotine Gum. The dosage of the nicotine gums is decided by the number of cigarettes a smoker consumes per day. Generally, 2 Mg Nicotine gum is ruling the industry predicting the worst-case scenario where a person intakes a maximum of 25 cigarettes per day.


By Application:


The Global Nicotine Gum Market is segmented by application as Medical Practice, Withdrawal Clinics, Individual Smokers, and others.


By Distribution Channel:


The Global Nicotine Gum Market is segmented by distribution channel as Online Stores, Specialty Stores, Retail Pharmacies, and others.


Regional Analysis:


The Global Nicotine Gum Market is segmented by region as North America (the US and Canada), Europe (France, Germany, Italy, Russia, United Kingdom, Spain, and Others), Asia-Pacific (China, South Korea, Japan, India, Indonesia, Australia, and Others), Latin America (Brazil, Mexico), Africa, The Middle East, and Rest of the World.


- North America is predicted to be the market-dominant Global Nicotine Gum Market accounting for more than 50% of the market share. With strict rules and regulations concerning the health of the population, North America is heading to the nicotine gum market share increase.


- Asia-Pacific regions like China, Japan, and India are second in the Global Nicotine Gum Market accounting for a CAGR of 2.66% during the forecast period. Due to developing country's emerging economies, Asian countries have seen tremendous growth in the market value and market volume.


- The European countries have seen a rise in public and private investors in the Global Nicotine Gum manufacturing companies, thus seeing a substantial rise.


- Rest of the World is slowly adapting to the awareness of healthcare and the harmful and injurious effects of smoking, giving rise to the Nicotine Gum Market in the region.


Competitive Landscape:


The Global Nicotine Gum Market is studied, analyzed, and compiled by industries experts in the field to provide a comprehensive review on the market’s segments, market size, market value, market, volume, strategic alliance, research and development in pharmaceutical industries, new product launch, market estimation, current government rules and regulations, Competitive strategy, growth opportunities, market’s future, key developments, latest trends, market dynamics, Industry Vertical, Competitive Terrain, and Regional Landscape.


The Global Nicotine Gum Market has attracted audiences like Pharmaceutical companies, Retailers, Nicotine gum manufacturers, E-commerce, drug store dealers, hospitals, and Government organizations. The major market players include highly profited industries like Novartis Consumer Health Inc, Pharmacia, Revolymer, Alchem International, Fertin Pharma, GlaxoSmithKline, Perrigo Company, Fertin Pharma, Pfizer Inc., Cambrex Corporation, Johnson & Johnson, and Reynolds American.


Recent Developments:


- WHO introduced a treaty by the name FCTC (Framework Convention on Tobacco Control) which provides guidelines to international health cooperation to spread awareness of tobacco intake by smoking and the harmful effects that follow.


- The global nicotine market is estimated to be more than 100 billion US dollars seeing the current market trend and the rise in demand for NRT (Nicotine Replacement Therapy).


Report Overview:


The Global Nicotine Gum Market report covers the following topics:


- To predict the forecast about market size, market value, market share, and market volume.


- A detailed analysis of technology analysis, demand, and supply chain analysis.


- Overview of market segmentation based on type, application, size, and region.


- Regional analysis and key intenders of the industry.


- High profile companies that are involved in the market growth and their recent developments.


- Factors driving the market and the challenges faced by the market.


- Effect of COVID-19 pandemic on the market.


- Historical data analysis and key stakeholders of the market, and analysis on upstream raw materials and current downstream demand.


- Estimate of market revenue and CAGR during the forecast period.


- Government's initiatives to support the market.



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Frequently Asked Questions (FAQ) :


The Global Nicotine Gum Market is expected to register a CAGR of 3.50% by the year 2022.

The Global Nicotine Gum Market is segmented by application as Medical Practice, Withdrawal Clinics, Individual Smokers, and others.

North America is the market-dominant the Global Nicotine Gum Market accounting for more than 50% of the market share.