Description
Nicotine Gum Market Forecast to 2028
Market Overview
As per the CRI analysis, the market for nicotine gum is expected to grow at a notable 4.6% CAGR to surpass USD 1,810.5 million by the end of 2028. A nicotine replacement therapy (NRT) product called nicotine gum aids in reducing the amount of nicotine consumed, primarily through cigarettes. A method for stopping smoking and smokeless tobacco is nicotine replacement treatment. Smoking is profoundly unsafe, and around 90% of all cellular breakdowns in the lungs passing’s are seen in people because of smoking. Smoking likewise expands the gamble for stroke, coronary illness, and different sorts of diseases. This has brought about more popularity for Nicotine gum items.
Growing health concerns about smoking are the main factors fueling the growth of the global nicotine gum market during the review period. The key drivers supporting the development of the global Nicotine gum market are the worries because of smoking, rising well-being mindfulness, and government drives towards sponsoring NRT item costs. Be that as it may, rigid guidelines on the assembling and retail of Nicotine discontinuance items and the results of Nicotine gums are set to check the development of the global Nicotine gum market. Additionally, the development of the coordinated retail area in non-industrial countries and web-based entertainment advancements, and big-name supports are supposed to create lucrative growth for the key players working in the global Nicotine gum market during the forecast period. Besides, the interest in creative items has been a moving region for producers around the world.
Segment Overview
The global Nicotine Gum Market is segmented in terms of product type, category, and distribution channel. Based on product type, the market is bifurcated into 2 mg and 4 mg.
In terms of category, the global nicotine gum market has been segmented into plain and flavored. In terms of distribution channels, the global market is divided into store-based and non-store-based.
Regional Analysis
Geographically, the global nicotine gum market has been partitioned into North America, Europe, Asia-Pacific, South America, and the Center East and Africa. North America represented the biggest market portion of 45.21% in 2020, the market is supposed to enlist a CAGR of 4.78% during the review period. Asia-Pacific was the second-biggest market in 2020, and it is projected to develop at a significant CAGR of 4.86%.
The US holds the biggest offer in the regional market. Most of nicotine gum use is in metropolitan regions contrasted with rustic regions of the US. This distinction is credited to the socio-social and financial elements connected to living in metropolitan regions.
Major Players
Prominent players in the global nicotine gum market include British American Tabacco (UK), Glenmark Pharmaceuticals Limited (India), Johnson & Johnson Inc. (UK), Pfizer Inc. (US), ITC Limited (India), Perrigo Company Plc (Ireland), GlaxoSmithKline Plc (UK), Fertin Pharma A/S (Denmark), Cipla Inc. (India), Enorama Pharma Ab (Sweden).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 11
1.1 MARKET ATTRACTIVENESS ANALYSIS 12
1.1.1 GLOBAL NICOTINE GUMS MARKET, BY PRODUCT TYPE 13
1.1.2 GLOBAL NICOTINE GUMS MARKET, CATEGORY 14
1.1.3 GLOBAL NICOTINE GUMS MARKET, DISTRIBUTION CHANNEL 15
1.1.4 GLOBAL NICOTINE GUMS MARKET, BY REGION 16
2 MARKET INTRODUCTION 17
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 RESEARCH OBJECTIVE 17
2.4 MARKET STRUCTURE 18
2.5 KEY BUYING CRITERIA 18
3 RESEARCH METHODOLOGY 19
3.1 RESEARCH PROCESS 19
3.2 PRIMARY RESEARCH 20
3.3 SECONDARY RESEARCH 21
3.4 MARKET SIZE ESTIMATION 22
3.5 FORECAST MODEL 23
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 24
4 MARKET DYNAMICS 25
4.1 OVERVIEW 25
4.2 DRIVERS 26
4.2.1 CONCERNS DUE TO SMOKING & RISING HEALTH AWARENESS 26
4.2.2 GOVERNMENT INITIATIVES TOWARDS SUBSIDIZING NRT PRODUCT COSTS 26
4.3 RESTRAINTS 27
4.3.1 STRINGENT REGULATIONS ON MANUFACTURING & RETAIL OF NICOTINE CESSATION PRODUCTS 27
4.3.2 SIDE EFFECTS OF NICOTINE GUM 27
4.4 OPPORTUNITIES 28
4.4.1 GROWTH OF THE ORGANIZED RETAIL SECTOR IN DEVELOPING NATIONS 28
4.4.2 SOCIAL MEDIA PROMOTIONS & CELEBRITY ENDORSEMENTS 29
4.5 TRENDS 29
4.5.1 DEMAND FOR INNOVATIVE PRODUCTS 29
5 MARKET FACTOR ANALYSIS 30
5.1 VALUE CHAIN ANALYSIS 30
5.1.1 RAW MATERIAL PROCUREMENT 31
5.1.2 PROCESSING 32
5.1.3 PACKAGING 32
5.2 SUPPLY CHAIN ANALYSIS 33
5.3 PORTER’S FIVE FORCES MODEL 34
5.3.1 THREAT OF NEW ENTRANTS 34
5.3.2 BARGAINING POWER OF SUPPLIERS 34
5.3.3 THREAT OF SUBSTITUTES 35
5.3.4 BARGAINING POWER OF BUYERS 35
5.3.5 INTENSITY OF RIVALRY 35
6 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL NICOTINE GUM MARKET 36
6.1.1 IMPACT ON PRODUCTION 36
6.1.2 IMPACT ON SUPPLY CHAIN 36
6.1.3 IMPACT ON PRICING 37
6.1.4 IMPACT ON CONSUMER BUYING BEHAVIOR 37
6.1.5 IMPACT ON RETAIL SALES 37
7 GLOBAL NICOTINE GUMS MARKET, BY PRODUCT TYPE 38
7.1 OVERVIEW 38
7.1.1 GLOBAL NICOTINE GUMS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021-2028 39
7.2 2 MG 39
7.2.1 2 MG: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 39
7.3 4 MG 40
7.3.1 4 MG: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 40
8 GLOBAL NICOTINE GUMS MARKET, BY CATEGORY 41
8.1 OVERVIEW 41
8.1.1 GLOBAL NICOTINE GUMS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2021-2028 42
8.2 FLAVORED 42
8.2.1 FLAVORED: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 42
8.3 PLAIN 43
8.3.1 PLAIN: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 43
9 GLOBAL NICOTINE GUMS MARKET, BY DISTRIBUTION CHANNEL 44
9.1 OVERVIEW 44
9.1.1 GLOBAL NICOTINE GUMS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2028 45
9.2 STORE-BASED 46
9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 46
9.3 NON-STORE-BASED 47
9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 47
10 GLOBAL NICOTINE GUMS MARKET, BY REGION 48
10.1 OVERVIEW 48
10.2 NORTH AMERICA 50
10.2.1 US 52
10.2.2 CANADA 53
10.2.3 MEXICO 54
10.3 EUROPE 55
10.3.1 UK 58
10.3.2 GERMANY 60
10.3.3 ITALY 61
10.3.4 SPAIN 62
10.3.5 SWEDEN 63
10.3.6 DENMARK 64
10.3.7 REST OF EUROPE 65
10.4 ASIA-PACIFIC 67
10.4.1 CHINA 69
10.4.2 INDIA 70
10.4.3 JAPAN 71
10.4.4 AUSTRALIA & NEW ZEALAND 72
10.4.5 REST OF ASIA-PACIFIC 73
10.5 REST OF THE WORLD 76
10.5.1 SOUTH AMERICA 78
10.5.2 MIDDLE EAST 79
10.5.3 AFRICA 80
11 REFERENCES 82
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